January 20, 2026

{{#if first_name}}Hi, {{capitalizeFirst (lower first_name)}}.{{else}}Hi.{{/if}} Venture funding to Europe-based startups last year totaled $58 billion, up only 9% year over year, Crunchbase data shows. While that’s far below the 46% year-over-year growth seen in North America, Europe showed momentum in certain areas, with AI emerging as its leading sector for startup investment for the first time, more funding to deep tech companies overall, and a late-in-the-year jump that offset the slower numbers earlier in 2025. Dive in with our 2025 European venture funding report. Plus, a new startup founded just a few months ago by top researchers from Google, Anthropic, xAI, OpenAI and Meta, among others, says it raised a $480 million seed round at a staggering $4.48 billion valuation. Here’s what we know about the company, whose funding deal clocks in as one of the largest-ever seed rounds.

💶 Europe’s VC funding posts modest bump thanks to AI

While Europe’s venture investment totals did not grow significantly year over year, the region saw a shift to deep tech funding in 2025 and a more significant uptick in Q4. Startup investment has also now maintained well above pre-COVID levels for the past three years.

😲 Startup founded by OpenAI, Google alums raises $480M seed round

San Francisco-based Humans& raised nearly half a billion dollars — in a seed round, no less — to develop its AI lab, which it says aims to set “the standard for how AI supports human connection.” While not much is publicly known about the startup, a long list of top-tier investors including SV Angel, Nvidia, Jeff Bezos, GV and Felicis apparently liked what they saw, minting the 5-month-old company with a nearly $4.5 billion valuation right out of the gate.

Related Crunchbase list: Seed Funding, 2025

🔮 Fintech forecast: Big deals, IPOs and AI

The IPO dam finally seems to have broken in 2025, with several companies in the fintech space either going public or filing to do so last year. Despite impressive debuts, however, shares have settled for many of the fintech companies that went public in 2025. Will that temper funding to the sector? Not necessarily, say investors we spoke to. Especially if artificial intelligence is involved.

Related Crunchbase list: Funding To Financial Services Companies

🏆 A busy week for robotics, defense tech and AI

The pace of big funding rounds continued to hold up at brisk levels last week, led by a $1.4 billion financing for “robot brain” developer Skild AI. More big rounds went to startups in sectors including AI chips, brain-computer interfaces, defense tech, biotech and aerospace, among others.

See also: The Crunchbase Megadeals Board

 

Recent Investments

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Categories:

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Dominion Dynamics

21M CAD / Seed Round

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Categories:

Government • Information Technology • Military • National Security • Remote Sensing

Founders:

Eliot Pence

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BCI (Lead), Bessemer Venture Partners (Lead), Georgian (Lead) + 2 more

Elyos AI

11M EUR / Series A

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Categories:

Artificial Intelligence (AI) • CRM • Customer Service • Generative AI • Software

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Adrian Johnston, Panos Stravopodis, Philippa Brown

Investors:

Blackbird Ventures (Lead), Pi Labs, Y Combinator

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AssetPlus 1.8B INR / Series B Nexus Venture Partners
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Recent Acquisitions

RF Bio

Pending acquisition by Accessbio for 57B KRW

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