United Kingdom vs Germany: startup funding compared

The United Kingdom. Since 2 June 2025, startups in the United Kingdom raised $22.4B across 606 rounds, against $11.9B across 332 rounds in Germany, 1.9 times more. That is 3.2% and 1.7% of all the capital FundraiseBase tracked worldwide over the period.

606 rounds in the United Kingdom and 332 rounds in Germany since 2 June 2025, about 34 and 18 a month.

The median round is $7M in the United Kingdom and $6.7M in Germany, and the average round $37M and $35.9M. The median shows the typical round; the average is pulled up by a few very large ones.

The biggest startup rounds in the United Kingdom since 2 June 2025 are Isomorphic Labs ($2.1B, Series B, 12 May 2026), Nscale ($2B, Series C, 9 Mar 2026) and Wayve ($1.2B, Series D, 24 Feb 2026).

The biggest startup rounds in Germany since 2 June 2025 are Helsing ($1.8B, Series E, 13 Jul 2026), Neura Robotics ($1.4B, 10 Jun 2026) and Helsing ($694M, Series D, 16 Jun 2025).

In the United Kingdom, AI ($14.5B, 65% of the capital), Health ($1.7B, 7%) and Robotics & Hardware ($1.4B, 6%) lead. In Germany, AI ($5B, 42% of the capital), Robotics & Hardware ($3.4B, 28%) and Climate & Energy ($1.4B, 11%) lead.

Early-stage rounds (Pre-Seed, Seed and Series A) make up 60% of rounds in the United Kingdom and 70% in Germany. The United Kingdom recorded 262 Pre-Seed or Seed rounds and Germany 169 Pre-Seed or Seed rounds, with a median of $3.5M and $3.8M.

Startups in the United Kingdom raised $12B in 82 Series B or later rounds, 53% of the country's capital. In Germany, $5.6B in 32 rounds, 47% of the capital.

Y Combinator (19 rounds, 2 led), Entrepreneurs First (19 rounds) and Fuel Ventures (18 rounds, 13 led) are the most active investors in the United Kingdom.

High-Tech Gründerfonds (38 rounds, 16 led), Bayern Kapital (20 rounds, 2 led) and HV Capital (14 rounds, 6 led) are the most active investors in Germany.

193 investors joined rounds in both countries. The most active: High-Tech Gründerfonds (1 in the United Kingdom, 38 in Germany), Y Combinator (19 in the United Kingdom, 8 in Germany), General Catalyst (11 in the United Kingdom, 10 in Germany), Bayern Kapital (1 in the United Kingdom, 20 in Germany) and Entrepreneurs First (19 in the United Kingdom, 1 in Germany).

London leads the United Kingdom with $15.6B across 396 rounds, ahead of Cambridge ($1.3B). Munich leads Germany with $5.5B across 81 rounds, ahead of Berlin ($2.8B).

In the United Kingdom, May 2026 ($4.4B). In Germany, July 2026 ($2.5B).

In the 90 days to 12 Nov 2026, startups in the United Kingdom raised $2.8B across 74 rounds and in Germany $1.4B across 43 rounds.

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.