September 2026's top 10 European tech deals you need to know about
European tech funding rebounded sharply in September,reaching €15.8 billion across 300 deals, up from €3.2 billion and 165 deals inAugust. Funding value increased by almost 394 per cent month on month...
In September 2026, European tech funding reached a record €15.8 billion across 300 deals, marking a surge from the previous month's €3.2 billion and 165 deals. The UK continued to lead the market, bringing in €7.3 billion, or roughly 46% of the total. Cloud technology dominated funding, receiving €5.5 billion, surpassing AI, which had been the top sector in August.
Among the largest tech deals in Europe during September, Mistral AI, a French AI company, secured €3 billion in Series D funding. The funds will be used for expanding AI research capabilities and infrastructure, as well as supporting commercial growth. London-based Nscale, a provider of AI cloud infrastructure, closed two significant rounds in September, receiving $3.36 billion in pre-IPO financing to expand its data centers and GPU infrastructure in Texas and North Carolina.
The Exploration Company, a reusable spacecraft developer, raised $450 million in Series C funding to advance its Nyx project, which aims to transport cargo between Earth and orbit, and to develop its Storm engine.
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