February 2026's top 10 European tech deals you need to know about

European tech investment saw a significant surge in February 2026, with total capital raised escalating to €7.8 billion. This substantial increase, a 56% jump from the previous month, was primarily driven by larger funding rounds rather than an increase in deal volume, which saw a more modest 11.7% rise to 296 transactions. This trend underscores a growing concentration of capital into major, strategic investments within the continent's technology sector. The United Kingdom emerged as a dominant force in this investment landscape, attracting approximately 48.7% of the total funding, amounting to €3.8 billion. Geographically, funding became more concentrated, with the UK leading the charge. At the sector level, transportation captured a considerable share, securing €1.5 billion, representing roughly 19.2% of the month's total investment. This influx of capital highlights a strategic focus on building foundational technologies that underpin critical infrastructure, from energy systems and mobility networks to healthcare platforms. Companies like Nscale, providing AI-focused cloud and computing infrastructure, and Wayve, developing AI software for autonomous driving, exemplify this trend by securing substantial funding to scale their operations and advance technological development within Europe.