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Biggest European AI rounds

The largest European artificial-intelligence and software fundraises, ranked by EUR-normalised round size. 172 tracked AI rounds worth €27B, and the 317 investors backing them, with every raise and backer below.

The biggest European AI rounds

Ranked by EUR-normalised round size, largest first, across 172 European AI and software rounds tracked since 2021.

  1. 1Mistral AI logoMistral AISeries C, France, Sep 2025€1.7B
  2. 2Sinch logoSinchDirected share issue, Sweden, May 2021$1.1B
  3. 3Ineffable Intelligence logoIneffable IntelligenceSeed, United Kingdom, Apr 2026$1.1B
  4. 4AMI Labs logoAMI LabsSeed, France, Mar 2026$1.03B
  5. 5Celonis logoCelonisSeries D, Germany, Jun 2021$1B
  6. 6Celonis logoCelonisSeries D, Germany, Aug 2022$1B
  7. 7Advanced Machine Intelligence logoAdvanced Machine IntelligenceSeed, France, Mar 2026$1B
  8. 8MessageBird logoMessageBirdSeries C, Netherlands, Apr 2021$800M
  9. 9UiPath logoUiPathSeries F, Romania, Feb 2021$750M
  10. 10Nebius logoNebiusPrivate Placement, Netherlands, Dec 2024$700M
  11. 11Nscale logoNscaleStrategic Investment, United Kingdom, Sep 2025$700M
  12. 12Sorare logoSorareSeries B, France, Sep 2021$680M

Questions, answered

What are the biggest AI funding rounds in Europe?
As of Jun 29, 2026, the biggest European AI funding rounds tracked by eu-tailwind are Mistral AI (€1.7B, Series C), Sinch ($1.1B, Directed share issue), Ineffable Intelligence ($1.1B, Seed). Across 172 European AI and software rounds since 2021, eu-tailwind tracks €27B in EUR-normalised round value and 317 investors backing them.
Which European AI startup has raised the most?
Mistral AI is the largest tracked European AI round in eu-tailwind's dataset, a €1.7B Series C from France, as of Jun 29, 2026. The ranking covers 172 European AI and software rounds since 2021.
How much have European AI startups raised since 2021?
eu-tailwind tracks €27B in EUR-normalised round value across 172 European AI and software rounds and 317 investors since 2021, updated Jun 29, 2026.
Who are the most active investors in European AI startups?
By number of tracked AI rounds, the most active investors in European AI and software startups are Accel (18 rounds), General Catalyst (11 rounds), Index Ventures (11 rounds), per eu-tailwind's dataset as of Jun 29, 2026.
How does eu-tailwind rank the biggest European AI rounds?
eu-tailwind ranks AI and software rounds by EUR-normalised round size, largest first, across 172 European rounds tracked since 2021. Amounts in other currencies are converted to euros for comparison; the originally reported currency is kept on each round. Every round is sourced from public reporting.

Last updated Jun 29, 2026

172
Rounds tracked
21
Countries
€27B
Capital raised since 2021
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Round
172 of 172 rounds

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317
Investors tracked
172
Rounds tracked
€27B
Capital deployed since 2021
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Country
317 of 317 investors

Investors are ranked by number of tracked investments, not by capital. We only know round sizes, not the cheque each investor personally wrote, so we do not publish a per-investor capital figure. "Capital deployed since 2021" is the total across all tracked rounds, each counted once. Original round currencies are shown on the Fundraises page. Last updated Jun 29, 2026.

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