Analysis

May 1, 2025

Q1’s most active venture debt providers

The 12 lenders which made the busiest start to 2025, as debt financing rebounds after a sluggish end to 2024


European Investment Bank (EIB) headquarters in Kirchberg, Luxembourg

Sifted tracked just over €4bn of debt financing to European startups in Q1, an increase from the two previous quarters, but 72% lower than Q1 last year, which set the record for the highest ever quarter for debt funding (€14.3bn) in Europe.

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Jonathan Sinclair

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

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