About Web 3.0 sector in Europe
The Web 3.0 sector in Europe comprises 8.01K companies, including 2.36K funded companies having collectively raised $17.5B in venture capital money and private equity. Out of these, 404 are Series A+ funded, and 8 have achieved unicorn status.
Web 3.0 sector in Europe has seen 115 acquisitions and 19 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.
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 8,007 Web 3.0 startups in Europe which include Ledger, NEAR, Sorare, IoTeX, Improbable. Out of these, 2,355 startups are funded, with 404 having secured Series A+ funding, and 8 achieving unicorn status.
Over the past 10 years, an average of 691 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. 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, DRAGONFLY and 88 Others
- Latest Funding Round: Series D, May 10, 2022, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 1,609 Competitors
3. Sorare
Provider of blockchain-based fantasy sports marketplace platform for multiple sports. It provides users with an NFT-based fantasy sports platform that enables users to collect virtual player cards, trade them using real-life cryptocurrencies and play fantasy football in the platform's gaming arena. It also claims to use the Ethereum blockchain to validate and authenticate player cards. Its features include multi-lingual, squad creation and management, and periodical reports.
Key facts about Sorare
- Founded Year: 2018
- Location: Saint Mande (France)
- Stage: Series B
- Total Funding till date: $739M
- Investors: Seedcamp, SoftBank Group and 76 Others
- Latest Funding Round: Angel, Nov 09, 2022, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 782 Competitors
4. IoTeX
Developer of infrastructure providing real-time data for artificial intelligence applications. It builds tools for constructing knowledge bases that are continuously updated with domain-specific data. The infrastructure includes a blockchain for discovery and secure transactions between machines. It also offers a decentralized identity protocol for machines and a real-time interaction layer.
Key facts about IoTeX
- Founded Year: 2017
- Location: Tortola (United Kingdom)
- Stage: Series A
- Total Funding till date: $50M
- Investors: FutureMoney Group, SNZ and 36 Others
- Latest Funding Round: Series A, Aug 27, 2025, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 1 of 206 Competitors
5. Improbable
Platform offering distributed simulation software for video games and corporate sectors. The platform offers a cloud-based computing solution that enables game developers to create, run, and operate online games. Also, allow developers to write code using any simulation software and distribute their code across multiple machines.
Key facts about Improbable
- Founded Year: 2012
- Location: London (United Kingdom)
- Stage: Series D
- Total Funding till date: $932M
- Investors: Andreessen Horowitz, SoftBank and 43 Others
- Latest Funding Round: Series D, Oct 03, 2022, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 196 Competitors
Companies founded year-on-year in the Web 3.0 sector in Europe
1,722 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 |
|---|---|
2025 | 24 |
2024 | 163 |
2023 | 524 |
2022 | 1,244 |
2021 | 1,722 |
2020 | 527 |
2019 | 633 |
2018 | 1,048 |
2017 | 775 |
2016 | 259 |
Stage-wise distribution of Web 3.0 sector companies in Europe
Out of the total 8,007 Web 3.0 companies in Europe, 2,355 have secured funding. Among them, 404 have reached Series A or higher, and 210 to Series B or beyond.
Founded - 8,007
Funded - 2,355
Series A+ - 404
Series B+ - 210
Series C+ - 166
Company Stage | No. of companies |
|---|---|
Founded | 8,007 |
Funded | 2,355 |
Series A+ | 404 |
Series B+ | 210 |
Series C+ | 166 |
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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 $17.3B in the last 10 years. The most amount of funding was in 2022 at more than $4.24B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.87B |
2024 | $1.8B |
2023 | $1.53B |
2022 | $4.24B |
2021 | $3.7B |
2020 | $467M |
2019 | $496M |
2018 | $1.55B |
2017 | $1.56B |
Recent Funding Rounds in Web 3.0 in Europe
In the year 2025, till December 2025, Web 3.0 companies in Europe have raised $1.78B in equity funding across 96 rounds.
In the same period last year (i.e. till December 2024), Web 3.0 companies in Europe had raised $1.17B across 177 rounds.
So, 2025 has seen a 52.19% rise in funding in Web 3.0 companies in Europe as compared to 2024.
Here are some recent, important funding rounds in Web 3.0 companies in Europe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 7870 | Dec 11, 2025 | ||
Series A | 5790 | Dec 10, 2025 | ||
Seed | 5248 | Dec 08, 2025 | ||
Series A | 9428 | Nov 20, 2025 | ||
Series A | 4707 | Nov 19, 2025 | and 6 more |
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Top Investors in Web 3.0 in Europe
Blockchain Coinvestors 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 |
|---|---|---|
San Francisco (United States) | ||
London (United Kingdom) | ||
London (United Kingdom) | ||
Perth (Australia) | ||
Amsterdam (Netherlands) |
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M&A activity in Web 3.0 sector in Europe
In the year 2025, till December 2025, 19 acquisitions happened in Web 3.0 sector in Europe. Last year, in 2024, a total of 18 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 | Dec 02, 2025 | ||
Business Acquisition | Nov 11, 2025 | ||
Business Acquisition | Oct 16, 2025 | ||
Business Acquisition | Oct 14, 2025 | ||
Business Acquisition | Oct 06, 2025 |
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 | - |
2025 | 19 |
2024 | 18 |
2023 | 18 |
2022 | 16 |
2021 | 19 |
2020 | 7 |
2019 | 8 |
2018 | 3 |
2017 | - |
IPOs in Web 3.0 in Europe
In the year 2022, till September 2022, 2 IPOs 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 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) | |
Dec 13, 2018 | Australian Securities Exchange (ASX) |
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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 | 32 |
University of Oxford | 31 |
University College London | 23 |
Imperial College London | 22 |
Bocconi University | 21 |
HEC Paris | 15 |
London School of Economics and Political Science | 15 |
University of Warwick | 15 |
Harvard University | 14 |
London Business School (LBS) | 12 |
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 Cornell University alumni are third.
College | Total Funding |
|---|---|
Imperial College London | $1.23B |
University of Cambridge | $1.21B |
Cornell University | $417M |
Bocconi University | $405M |
University of Oxford | $384M |
Stanford University | $280M |
London School of Economics and Political Science | $275M |
University of Toronto | $272M |
Queen's University | $243M |
Columbia University | $166M |
Top News in Web 3.0 in Europe
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Tenderly Now an Official Polygon Public RPC Provider for EVM and Blockchain AdoptionCrowdfund Insider•Jan 01, 2026•Polygon, Tenderly
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BackedFi & Chainlink Launch xBridge for Crosschain Tokenized Stock TransfersThe Crypto Times•Dec 13, 2025•Chainlink, Backed
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Argo Blockchain to delist from London on Friday, remains on NasdaqUK Share Prices &•Dec 11, 2025•Argo Blockchain
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Bitfury Launches $1 Billion Initiative to Advance Ethical Emerging TechnologiesFinancial Post•Nov 18, 2025•Bitfury, Y Combinator
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Aztec Network Announces Fair-Access Token Sale Using Uniswap’s New Auction ProtocolBeInCrypto•Nov 14, 2025•Aztec, Uniswap
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Equals Money, BVNK partner to focus on USDC as global B2B payment railThe Fintech Times•Nov 01, 2025•Railsr, BVNK, Equals
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Bitcoin Miner Argo to Delist from London Stock Exchange Amid Debt RestructuringCoin Spectator•Oct 23, 2025•Argo Blockchain
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Argo Blockchain to Transfer Control to Lender Growler Mining in $7.5M RestructuringCrypto Economy•Oct 22, 2025•Argo Blockchain
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Bitwise strengthens staking strategy with Celestia ETP listing on Euronext ParisGlobeNewswire•Oct 16, 2025•Bitwise, Celestia
