SaaS Funding News Europe 2026: Who Raised Capital This Month
January 2026 saw continued momentum in Europe's SaaS funding landscape, with several startups securing significant capital amid a focus on AI-driven solutions. Healthtech, insurtech, and compliance platforms led the deals, reflecting investor appetite for scalable, tech-enabled services.
Funding Overview
Europe’s SaaS sector attracted notable investments this month, building on 2025’s trends where the region captured 25% of global SaaS funding. Key deals totaled over €60 million across France, Spain, Portugal, and Germany, with a strong focus on ai saas tools that drive AI integration in vertical markets such as healthcare and cybersecurity. This investment momentum aligns with broader VC patterns, where firms like Bpifrance and Speedinvest remain active in backing scalable, AI-driven SaaS platforms.
Investors prioritized Series A rounds for companies demonstrating product-market fit and revenue traction. Total funding volumes remained steady compared to late 2025, signaling resilience despite global economic pressures.
Key Deals This Month
These rounds highlight a shift toward AI-enhanced SaaS in regulated industries.
Spotlight: Tucuvi (Spain)
Madrid-based Tucuvi raised €17 million in Series A funding to scale its LOLA voice AI platform, which automates up to 80% of nursing follow-ups. The round was led by Cathay Innovation and Kfund, with participation from Frontline Ventures, Seaya Ventures, and Shilling. Founded by María González Manso, Tucuvi addresses healthcare scalability challenges through certified voice AI, inspired by personal experiences in patient care.
The funding will fuel international expansion and product enhancements, targeting certified automation in clinical workflows. Tucuvi's SaaS model integrates seamlessly with hospital systems, reducing administrative burdens and improving patient outcomes. This deal underscores Spain's rising prominence in European healthtech SaaS.
Spotlight: Stoïk (France)
Paris insurtech Stoïk secured €20 million in Series C to bolster its AI-powered cyber risk coverage. Co-led by Impala and Opera Tech Ventures, the round included Alven and Andreessen Horowitz. Stoïk combines insurance with proactive cybersecurity, using proprietary AI for prevention, detection, and response.
CEO Jules Veyrat noted the capital supports disciplined growth without overextension. The platform targets European businesses amid rising cyber threats, differentiating through integrated risk management. France continues to lead in insurtech SaaS, with Stoïk exemplifying the blend of finance and AI.
Spotlight: BrightHeart (France)
BrightHeart raised €11 million in Series A for its AI platform detecting prenatal congenital heart defects. Co-led by Odyssée Venture and GO Capital, with Mussallem CHD Alliance and Sofinnova Partners, the funding accelerates commercialization. The SaaS tool uses AI to analyze fetal ultrasounds, aiding early diagnosis in healthcare settings.
France's healthtech scene benefits from such innovations, addressing critical gaps in maternal care. BrightHeart's recurring revenue model appeals to clinics seeking efficient screening solutions.
Emerging Trends
AI dominance persists, with over 40% of funded SaaS incorporating machine learning for vertical applications. Vertical SaaS in healthcare and cybersecurity outperforms horizontal tools, driven by regulatory needs and faster ROI. Europe's ecosystem thrives in hubs like Paris, Berlin, and Madrid, aided by EU market access.
Investors favor sustainable growth, as seen in sized rounds like Stoïk's. Active VCs include BlackFin, Speedinvest, and Bpifrance, with 300+ SaaS deals historically. Early 2026 volumes suggest cautious optimism post-2025 rebound.
Country Breakdown
France leads with €31M+ across Stoïk, BrightHeart, and Stern Tech, focusing on AI insurtech and health. Spain shines via Tucuvi's €17M health AI deal. Germany advances compliance SaaS with Sinpex. Portugal supports green tech via Cleanwatts.
London and Berlin report smaller rounds, per trackers like Tech.eu. CEE regions eye deep-tech SaaS growth.
Investor Activity
Top firms: Bpifrance (312 SaaS investments), Speedinvest (246), Kima Ventures (230). Newer players like Impala enter cyber-focused deals. Funds target seed-to-Series A for AI scalability.
Future Outlook
Expect sustained AI-healthcare focus, with Series B ramps in Q2. Regulatory tailwinds like EU AI Act boost compliant SaaS. Europe's 25% global share positions it for $25B+ 2026 funding.