In a dramatic strategic shift, Nvidia deployed over $5.5 billion into European startups throughout 2025, a massive leap from making zero investments in the region during 2020 and 2021. According to data from Dealroom, this capital was spread across 14 separate funding rounds, representing nearly a fifth of Nvidia's 86 global startup investments for the year.
The investment spree, executed by Nvidia and its venture arm NVentures, targeted a broad spectrum of cutting-edge technologies including AI, data centers, quantum computing, semiconductors, automation, fintech, and biotech. This marks a deliberate pivot from being primarily a hardware provider to acting as an "ecosystem architect" in the global tech landscape.
Major beneficiaries of Nvidia's capital include:
Mistral AI, a French firm competing with OpenAI and Google, received investment in two rounds, including a €1.7 billion Series C in September 2025 that valued the company at approximately $13.6 billion.
Nscale, a UK-based AI cloud infrastructure builder, secured a commitment of £500 million from CEO Jensen Huang, followed by two funding rounds totaling over $1.5 billion with Nvidia's participation.
Quantinuum, a quantum computing startup, landed a $600 million round in September, achieving a $10 billion valuation to fund its next-gen Helios system.
Other significant investments included $300 million for German visual AI model builder Black Forest Labs, $330 million for "vibe coding" software maker Lovable, and undisclosed funding for fintech giant Revolut at a $75 billion valuation. Numerous other startups in biotech, automation, and photonics also received capital.
This investment surge coincides with a broader capital influx into European markets. BlackRock's Ursula Marchioni noted that European-focused exchange-traded funds pulled in $92 billion in 2025 alone, nearly matching the total inflows from the entire preceding decade from 2014 to 2024. She attributed this "decade in a year" to investor desire to diversify AI exposure away from the U.S. while remaining in the trade.
Analysts from Bloomberg Intelligence suggest the Stoxx 600 profits could climb 10% this year, following a flat 2025. European stocks have surged 37% in dollar terms since January 2025, outperforming the S&P 500.
