Analysis

December 19, 2025

Debt hasn’t disappeared in 2025 — but it’s become more selective

More deals, fewer mega deals for climate tech companies

Hessa Alabbas

3 min read

Throughout 2025 Europe’s startup debt market kept pace with last year, but became a lot more selective. 

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Hessa Alabbas

Hessa Alabbas is a data analyst at Sifted, based in London. You can find her on LinkedIn.

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