Oka data report · Q3 2026
Deutsche FassungSeed rounds in Europe and DACH — Q3 2026
Oka recorded 73 seed rounds in Europe in Q3 2026 (July–September 2026). 12 of them (16% of rounds with a known country) were raised by startups in Germany, Austria or Switzerland. The most active seed investors were HTGF (5 rounds), Y Combinator (3 rounds) and Norrsken Evolve (3 rounds).
Published 1 October 2026 · counts as of 5 October 2026
73
Seed rounds in Europe, Q3 2026
12
in DACH — 16% of rounds with a known country
253
investors named on at least one seed round
By month
| Month | Seed rounds | Share |
|---|---|---|
| July | 32 | 44% |
| August | 16 | 22% |
| September | 25 | 34% |
For context: 43 pre-seed rounds and 301 rounds of all stages were recorded in the same quarter (186 with a reported stage).
Where the startups are
| Country | Seed rounds | Share |
|---|---|---|
| United Kingdom | 19 | 26% |
| Germany | 10 | 14% |
| Italy | 7 | 10% |
| France | 6 | 8% |
| Sweden | 6 | 8% |
| Netherlands | 5 | 7% |
| Finland | 3 | 4% |
| Belgium | 2 | 3% |
| Bulgaria | 2 | 3% |
| Denmark | 2 | 3% |
Share of the 73 seed rounds with a known country.
Sectors
| Sector | Seed rounds | Share |
|---|---|---|
| AI / ML | 24 | 33% |
| DeepTech | 13 | 18% |
| Climate | 7 | 10% |
| HealthTech | 4 | 5% |
| B2B SaaS | 3 | 4% |
| EdTech | 3 | 4% |
| FoodTech | 3 | 4% |
| Biotech & Pharma | 2 | 3% |
Share of the 73 seed rounds with a known sector.
Most active seed investors — Europe
| Investor | Seed rounds | Of which led |
|---|---|---|
| HTGF | 5 | 2 |
| Y Combinator | 3 | 2 |
| Norrsken Evolve | 3 | – |
| Felix Capital | 2 | 2 |
| Oxford Science Enterprises | 2 | 2 |
| Unconventional Ventures | 2 | 2 |
| UVC Partners | 2 | 2 |
| Arches Capital | 2 | 1 |
| Navigare Ventures | 2 | 1 |
| redalpine | 2 | 1 |
Most active seed investors — DACH
| Investor | Seed rounds | Of which led |
|---|---|---|
| HTGF | 4 | 2 |
| UVC Partners | 2 | 2 |
| redalpine | 2 | 1 |
| Y Combinator | 2 | 1 |
Methodology
Oka reads funding announcements from European tech and business press and records each round with its date, stage, sector, the startup's country and the investors the article names. This report counts the rounds announced between July–September 2026 that are published on our funding rounds pages, where every round links to its article.
A seed round is a round the article called seed. Stage, sector and country are taken as reported; rounds without them are left out of the share they would belong to, and every share names its base. Investors are counted once per round; "led" means the article named them as lead or co-lead. Only organisations are listed — individual business angels are never named. An investor needs at least 2 seed rounds in the quarter to be ranked.
What this is not: a complete count of the market. Rounds that were never reported are missing, coverage is strongest in Europe, and late announcements about the quarter still arrive — the counts above are updated daily and dated. We do not publish euro totals: amounts appear in mixed currencies and wording ("more than $10M"), and a converted sum would be more precise than true.
Sources
8 publications, most often: tech.eu (35), eu-startups.com (19), sifted.eu (4), techfundingnews.com (4), therecursive.com (4), arcticstartup.com (3), prnewswire.com (2), techcrunch.com (2).
To cite: “Seed rounds in Europe and DACH — Q3 2026”, Oka, 5 October 2026, https://getoka.ai/reports/seed-rounds-europe-dach-q3-2026.
Raising a seed round? See which of these investors fit yours.
In 30 minutes you'll know which funds matter for your round.
Request accessOr browse the investor directory.