The UK remained Europe's largest tech funding market in H1 2026, raising €18.7 billion. Cloud and AI dominated investment, while the 10 biggest fundraisers secured around 66% of all capital raised.
UK raised €18.7B in H1 2026 with 66% in top-10; Nscale (€3.57B) and Pure DC ($2.7B) dominate AI infrastructure and GPU cloud. Signal for tech leaders: capex on foundation model infrastructure is central; well-funded European providers now offer competitive alternatives to US cloud.
According to
Tech.eu's H1 2026 report, the UK remained Europe's largest technology funding
market in the first half of 2026, raising €18.7 billion across 423 deals.
Capital was concentrated in a limited number of large transactions, with cloud
(€5.9 billion), artificial intelligence (€3.2 billion), healthtech (€2.6
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