The 10 largest funding rounds in 2025

Saskia Müller

Nach zwei erfolgreichen eigenen Gründungen und einer langjährigen Tätigkeit in der Presse- und Medienlandschaft verstärkt Saskia nun die Redaktion von Munich Startup.

January 23, 2026

2 min. read time

#Funding #Top 10

Helsing Blue Ocean — **#1 Helsing:** The defense startup Helsing demonstrates how Munich AI expertise modernizes European defense – with 600 million euros in backing that it raised in 2025 alone.
The Munich startup develops AI-based analysis platforms for defense systems and is among Europe’s pioneers in dual-use technologies. (Photo: Helsing)

**#2 Quantum Systems:** Another defense startup from Munich that made waves with triple-digit million funding rounds. Quantum Systems takes off to new heights with 340 million euros. The company manufactures unmanned aircraft for military and civil applications and is expanding into international markets with the new capital. (Photo: Quantum Systems)

**#3 Tubulis**: In October 2025, the startup announced a monumental Series C round of 308 million euros, which was later expanded to a total of 344 million euros – the largest Series C financing to date for a European biotech and the largest for a private ADC developer worldwide. (Photo: Tubulis)

Scalable is now a full bank — **#4 Scalable Capital**: In 2025, Scalable Capital grew into a full bank with fresh capital of 155 million euros. The Munich fintech startup offers digital wealth management and brokerage platform. With the new capital, the company is accelerating expansion throughout Europe. (Image: Scalable Capital)

**#5 Isar Aerospace:** 150 million euros – that’s what the Munich space startup raised in 2025 and is preparing for the first commercial launch of its Spectrum rocket with this funding. (Photo: Isar Aerospace)

**#6 Proxima Fusion:** Proxima Fusion wants to rewrite the energy age with 145 million euros. The Munich spin-off from the Max Planck Institute is working on a stellarator-based fusion reactor. The goal is clean, safe energy for the future. (Photo: Proxima Fusion)

**#7 Marvel Fusion:** With 113 million euros, Marvel Fusion also wants to turn the dream of clean energy into reality. Marvel Fusion pursues laser-based nuclear fusion and is building a pilot plant in Bavaria. (Photo: Marvel Fusion)

**#8 Limehome:** Digital hotel operations from Munich: Limehome receives 75 million euros for the next expansion step. The Munich startup operates digitally managed design apartments in European cities and is rapidly expanding into new markets. (Photo: Limehome)

**#9 Ftapi:** The Munich software startup Ftapi raises 65 million euros for enhanced digital security. The company offers solutions for secure data transfer and document exchange, making it in demand not only in the public sector. (Photo: Ftapi Software GmbH)

**#10 Hawk AI:** The Munich startup Hawk AI develops AI-powered software for anti-money laundering and is growing rapidly in the international financial sector, aiming for the top of European RegTechs with 56 million euros. (Photo: Hawk)

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