I looked at 22+ AI startups that raised Seed rounds across Europe last month. I did a fast breakdown of the data—and a few key trends stood out. The DetailsAvg. seed round: $3.83M | Median: $2.84MMedian valuation (20% dilution): ~$14MInfra plays emerging: 5 companies are building enablers, not end-user appsNo winner vertical: Health, fintech, legal, HR all represented—but no breakoutInvestor landscape: No dominant leads; mostly micro-funds or early-stage specialistsGeography: 🇬🇧 UK: 26% of rounds, 🇫🇷 France: 21%, 🇩🇪 Germany & 🇪🇸 Spain . No single European hub is winning—AI innovation is diffusingLikely seeing a strategic broadening of the AI stack. Founders are building infrastructure, not just “AI-for-X” clones. Few consumer apps. Mostly tools, enablers, and agentic primitives.
Great one!
So many good tips.
Thanks Michael! Any feedback super appreciated.
Great one!
Thanks Guille 🙌