Leah Hodgson

As Europe races to cut its dependence on US tech infrastructure, a $2 trillion IPO is reshaping who invests in space—and where.

More capital from the continent is going into the sector, but 98% of deal value this year involved foreign investors.

Seedcamp team Image courtesy of Seedcamp London-based first-check investor Seedcamp has raised $320 million across two funds, its biggest raise yet, with physical AI a key focus for the new flagship vehicle.

Increased competition in the sector is prompting investors to cast a wider net. Chloe Ladwig/PitchBook News

Dragos Condrea/Getty Images Thirty years of neglect left European defense tech starved of private capital.

In a tighter funding market, serial founders are pulling further ahead of first-timers in deal size and valuation.

Proxima Fusion co-founder and CEO Francesco Sciortino Image courtesy of Proxima Fusion

Marco Bottigelli/Getty Images Workplace pensions provider Nest is planning to allocate up to £1 billion (about $1.3 billion) to VC by 2030 as UK efforts to funnel pension assets into private markets ramp up.

NurPhoto/Getty Images VC funding for European biotech startups is on track for a record year, though the gap with the US remains stark.

The sector's share of deal value climbs to more than 60% as mega-rounds drive funding levels.