About Web 3.0 sector in Europe
The Web 3.0 sector in Europe comprises 9.03K companies, including 2.47K funded companies having collectively raised $18.1B in venture capital money and private equity. Out of these, 449 are Series A+ funded, and 7 have achieved unicorn status.
Web 3.0 sector in Europe has seen 133 acquisitions and 39 IPOs.
This sector includes companies that have websites and applications whose data are stored and interconnected in a decentralized way instead of storing in centralized repositories owned and operated by a single corporate/company.
Web 3.0 sector is also known as Web 3.0 Solutions, Advanced Web 3.0 or Digital Web 3.0.
Companies that are providing infrastructure for blockchain and smart contracts developments. The feed also includes companies that are providing decentralized web 3.0 applications for enterprises, the entertainment industry, individuals, or decentralized web 3.0 applications offering financial services for individuals or businesses. The feed exclude companies that are providing Web 2.0 and Web 1.0 applications, and blockchain/crypto-based financial services which are owned and operated by a corporate or a central authority.
Top Web 3.0 Companies in Europe
There are 9,033 Web 3.0 startups in Europe which include Ledger, Sorare, NEAR, IoTeX, Improbable. Out of these, 2,471 startups are funded, with 449 having secured Series A+ funding, and 7 achieving unicorn status.
2026 has seen the creation of 91 Web 3.0 startups in Europe. Over the past 10 years, an average of 732 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and University College London.
Here is the list of top Web 3.0 startups in Europe
1. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
2. Sorare
Provider of blockchain-powered fantasy sports marketplace for a variety of sports. It gives users access to an NFT-based fantasy sports platform where they may play fantasy football in the site's gaming arena, gather virtual player cards, and exchange them for actual cryptocurrency. Additionally, it claims to confirm and authenticate player cards using the Ethereum blockchain. Multilingualism, squad formation and management, and recurring reporting are among its features.
Key facts about Sorare
- Founded Year: 2018
- Location: Saint Mande (France)
- Stage: Series B
- Total Funding till date: $739M
- Investors: SoftBank Group, Benchmark and 81 Others
- Latest Funding Round: Angel, Nov 09, 2022, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 778 Competitors
3. NEAR
Public blockchain network platform. The solution is a scalable smart contract platform that supports decentralized applications of any kind and enables the developers to build, test, and deploy applications that permissionless handle a wide range of digital assets.
Key facts about NEAR
- Founded Year: 2017
- Location: Zug (Switzerland)
- Stage: Series D
- Total Funding till date: $542M
- Investors: Andreessen Horowitz, MetaStable Capital and 92 Others
- Latest Funding Round: Series D, May 10, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 4 of 1,752 Competitors
4. IoTeX
Developer of blockchain infrastructure for real world artificial intelligence. This technology provides decentralized identity protocols and verification layers for machines and devices. It enables the transformation of physical data into actionable intelligence for autonomous systems. The infrastructure supports secure settlement and discovery for connected hardware networks.
Key facts about IoTeX
- Founded Year: 2017
- Location: Tortola (United Kingdom)
- Stage: Series A
- Total Funding till date: $50M
- Investors: Amber Group, Foresight Ventures and 37 Others
- Latest Funding Round: Series A, Aug 27, 2025, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 3 of 965 Competitors
5. Improbable
Developer of virtual world software and decentralized digital infrastructure platforms. This business creates technology for building immersive environments, blockchain applications, and artificial intelligence systems. The software supports the creation of persistent digital spaces and automated enterprise workflows. These tools enable the development of interactive experiences and scalable network architectures for various digital applications.
Key facts about Improbable
- Founded Year: 2012
- Location: London (United Kingdom)
- Stage: Series D
- Total Funding till date: $937M
- Investors: Andreessen Horowitz, SoftBank and 42 Others
- Latest Funding Round: Series D, Oct 03, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 235 Competitors
Companies founded year-on-year in the Web 3.0 sector in Europe
91 new startups have been founded so far in 2026 in the Web 3.0 sector in Europe. 1,790 Web 3.0 startups in Europe were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 91 |
2025 | 117 |
2024 | 263 |
2023 | 613 |
2022 | 1,333 |
2021 | 1,790 |
2020 | 557 |
2019 | 665 |
2018 | 1,093 |
2017 | 798 |
Stage-wise distribution of Web 3.0 sector companies in Europe
Out of the total 9,033 Web 3.0 companies in Europe, 2,471 have secured funding. Among them, 449 have reached Series A or higher, and 248 to Series B or beyond.
Founded - 9,033
Funded - 2,471
Series A+ - 449
Series B+ - 248
Series C+ - 204
Company Stage | No. of companies |
|---|---|
Founded | 9,033 |
Funded | 2,471 |
Series A+ | 449 |
Series B+ | 248 |
Series C+ | 204 |
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Funding Trends in the Web 3.0 sector in Europe
Total funding year-on-year in the Web 3.0 sector in Europe
The Web 3.0 sector in Europe saw a total funding of more than $17.8B in the last 10 years. The most amount of funding was in 2021 at more than $4.06B. There has been a total funding of $552M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $552M |
2025 | $2.04B |
2024 | $1.83B |
2023 | $1.58B |
2022 | $3.7B |
2021 | $4.06B |
2020 | $480M |
2019 | $474M |
2018 | $1.54B |
2017 | $1.56B |
Recent Funding Rounds in Web 3.0 in Europe
In the year 2026, till September 2026, Web 3.0 companies in Europe have raised $501M in equity funding across 38 rounds.
In the same period last year (i.e. till September 2025), Web 3.0 companies in Europe had raised $1.44B across 78 rounds.
So, 2026 has seen a 65.19% drop in funding in Web 3.0 companies in Europe as compared to 2025.
Here are some recent, important funding rounds in Web 3.0 companies in Europe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9340 | Sep 02, 2026 | ||
Seed | 5726 | Aug 27, 2026 | ||
Seed | 7080 | Aug 25, 2026 | ||
Seed | 6915 | Aug 05, 2026 | ||
Seed | 5529 | Aug 03, 2026 |
Top Investors in Web 3.0 in Europe
Outlier Ventures is the top investor in Web 3.0 companies in Europe based on number of companies invested.
Here are some top investors in Web 3.0 companies in Europe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | ||
San Francisco (United States) | ||
Perth (Australia) | ||
Amsterdam (Netherlands) | ||
Tallinn (Estonia) |
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M&A activity in Web 3.0 sector in Europe
In the year 2026, till September 2026, 12 acquisitions happened in Web 3.0 sector in Europe. Last year, in 2025, a total of 24 acquisitions happened in Web 3.0 sector in Europe.
Here are some recent, important acquisitions in Web 3.0 sector in Europe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 14, 2026 | ||
Business Acquisition | Jun 26, 2026 | ||
Business Acquisition | May 20, 2026 | ||
Business Acquisition | May 15, 2026 | ||
Business Acquisition | Apr 30, 2026 |
Acquisition trends in Web 3.0 sector in Europe
Here are the acquisition trends in Web 3.0 sector in Europe:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 12 |
2025 | 24 |
2024 | 20 |
2023 | 16 |
2022 | 16 |
2021 | 19 |
2020 | 8 |
2019 | 8 |
2018 | 3 |
2017 | - |
IPOs in Web 3.0 in Europe
In the year 2025, till September 2025, 1 IPO happened in Web 3.0 sector in Europe.
Here are some recent, important IPOs in Web 3.0 sector in Europe:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 01, 2025 | Aquis Stock Exchange (AQSE) | |
Sep 20, 2022 | Euronext Exchange (Euronext) | |
Jan 24, 2022 | Neo Exchange (NEO) | |
Sep 23, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Oct 05, 2020 | London Stock Exchange (LSE) |
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Colleges which produce the most Web 3.0 companies in Europe
Companies founded by alumni from top colleges in the Web 3.0 in Europe
Most number of Web 3.0 startups in Europe have been founded by alumni from University of Cambridge, University of Oxford and University College London.
College | No. of companies |
|---|---|
University of Cambridge | 35 |
University of Oxford | 30 |
University College London | 26 |
Imperial College London | 23 |
HEC Paris | 21 |
Bocconi University | 16 |
Harvard University | 15 |
London School of Economics and Political Science | 13 |
University of Warwick | 12 |
Harvard Business School | 10 |
Total funding in Web 3.0 companies founded by alumni from top colleges in Europe
In the last 10 years, Imperial College London graduates' Web 3.0 companies in Europe have raised the most funding among top colleges. University of Cambridge alumni are second, and University of Oxford alumni are third.
College | Total Funding |
|---|---|
Imperial College London | $1.48B |
University of Cambridge | $1.2B |
University of Oxford | $468M |
Cornell University | $412M |
University College London | $296M |
Carnegie Mellon University | $247M |
Queen's University | $243M |
Stanford University | $233M |
Columbia University | $232M |
University of Toronto | $212M |
Top News in Web 3.0 in Europe
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BVNK and Marqeta Partner to Enable Stablecoin Spending on Payment CardsCrowdfund Insider•Sep 10, 2026•BVNK, Marqeta
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Provable Inc. Launches Shield Swap: A Confidential Trading Venue for Institutions and GovernmentsGlobal Fintech Series•Aug 18, 2026•Provable Things
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Lithic and Lightspark Partner to Power Global Card Program on Stablecoin Settlement RailsLightspark•Aug 05, 2026•Striga
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Bitpanda Launches Margin Trading for Stocks, ETFs, and ETCs in EuropeFinance Magnates•Jul 08, 2026•Bitpanda Custody
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Ctrl Wallet to Fully Shut Down by August 3, Deletes Mobile Apps EarlyThe Crypto Times•Jul 07, 2026•Ctrl Wallet
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TransferMate Partners with BVNK for Real-Time Stablecoin Settlements in Global PaymentsFintech Finance•Jun 02, 2026•BVNK, TransferMate
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Code4rena Announces Wind Down After Securing Billions in DeFiThe Crypto Times•May 13, 2026•Code4rena
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PayDo Partners with BVNK to Add Stablecoin Capabilities Without Crypto CustodyThe Fintech Times•May 13, 2026•BVNK, Paydo
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Kopay partners with BVNK to add stablecoin wallet for customers worldwideBusiness Wire•May 11, 2026•BVNK, KoPayments
