Sifted data

November 3, 2025

Europe breaks records across AI, defence and quantum in Q3

Dealmaking spiked in Q3, with seven new unicorns and two jumbo AI raises


An Nscale data centre in Glomfjord, Norway. Credit: Nscale

Europe’s Q3 tally is in: equity funding reached its highest quarterly level since Q2 2024, with €13.7bn raised across just over 1,300 rounds, according to Sifted data.

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Federico Scolari

Federico Scolari is a senior intelligence analyst and data lead at Sifted. Find him on LinkedIn

Ruggero Di Spigna

Ruggero Di Spigna is a Senior Insights & Product Associate at Sifted. Find him on LinkedIn

Jonathan Sinclair

Jonathan Sinclair is head of research at Sifted. Find him on LinkedIn

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