# Top 19 DeFi Startups in Europe by Funding (2026)

> The 19 best-funded DeFi startups in Europe, ranked by total funding raised: $383M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/defi-startups-europe (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Morpho** Morpho is an open-source DeFi lending protocol that connects lenders and borrowers globally.](https://millionrounds.com/company/morpho) Morpho is an open-source DeFi lending protocol that connects lenders and borrowers globally. *Founded* 2021 Paris, France **$175M** last round Jun 2026
- 2 [**Ethena**](https://millionrounds.com/company/ethena) *Founded* - Portugal **$60M** last round Jun 2026
- 3 [**Deblock** Deblock offers banking services to cryptocurrency users.](https://millionrounds.com/company/deblock) Deblock offers banking services to cryptocurrency users. *Founded* 2022 London, France **$35M** last round Nov 2025
- 4 [**LI.FI**](https://millionrounds.com/company/li-fi) *Founded* - Germany **$29M** last round Dec 2025
- 5 [**Remittix**](https://millionrounds.com/company/remittix) *Founded* - Slovakia **$17M** last round Jul 2025
- 6 [**vlayer Labs** vlayer Labs, founded in February 2024 and based in London, United Kingdom, is a crypto startup focused on blockchain and cryptocurrency.](https://millionrounds.com/company/vlayer-labs) vlayer Labs, founded in February 2024 and based in London, United Kingdom, is a crypto startup focused on blockchain and cryptocurrency. *Founded* 2024 London, United Kingdom **$10M** last round Sept 2024
- 7 [**Infinit** Infinit's next generation storage platform is scalable and resilient while being highly customizable for container environments: - Software-based: can be deploy](https://millionrounds.com/company/infinit) Infinit's next generation storage platform is scalable and resilient while being highly customizable for container environments: - Software-based: can be deploy *Founded* 2012 Paris, France **$8.2M** last round Sept 2024
- 8 [**CoPower** CoPower is an online marketplace for clean energy investing, founded in 2013 and based in Montreal.](https://millionrounds.com/company/copower) CoPower is an online marketplace for clean energy investing, founded in 2013 and based in Montreal. *Founded* 2013 Toronto, Germany **$7.3M** last round Jun 2025
- 9 [**Pepeto**](https://millionrounds.com/company/pepeto) *Founded* - United Kingdom **$7.3M** last round Jul 2025
- 10 [**BlackPool** BlackPool is a new fund operating within the NFT industry.](https://millionrounds.com/company/blackpool) BlackPool is a new fund operating within the NFT industry. *Founded* 2020 United Kingdom **$6.0M** last round Sept 2022
- 11 [**Turtle** One of the nation's largest independent electrical and industrial distributors, Automation, Technology, Infrastructure Modernization.](https://millionrounds.com/company/turtle) One of the nation's largest independent electrical and industrial distributors, Automation, Technology, Infrastructure Modernization. *Founded* 1923 Clark, Switzerland **$5.5M** last round Oct 2025
- 12 [**Reputation DAO** Reputation DAO offers verifiable and programmable reputation services for decentralized financing.](https://millionrounds.com/company/reputation-dao) Reputation DAO offers verifiable and programmable reputation services for decentralized financing. *Founded* 2020 Sydney, Germany **$4.8M** last round Apr 2022
- 13 [**Pear Protocol** Pear Protocol is a decentralised Pairs Trading Exchange.](https://millionrounds.com/company/pear-protocol) Pear Protocol is a decentralised Pairs Trading Exchange. *Founded* - London, United Kingdom **$4.1M** last round Jul 2025
- 14 [**ZeroLend** ZeroLend is an open-source, non-custodial DeFi lending and borrowing protocol that operates on Layer 2 networks.](https://millionrounds.com/company/zerolend) ZeroLend is an open-source, non-custodial DeFi lending and borrowing protocol that operates on Layer 2 networks. *Founded* - Athens, Greece **$3.3M** last round Mar 2024
- 15 [**Asigna** Asigna is a warehousing and logistics firm that offers shipment, delivery, and supply chain management.](https://millionrounds.com/company/asigna) Asigna is a warehousing and logistics firm that offers shipment, delivery, and supply chain management. *Founded* 1994 Spain **$3.0M** last round May 2025
- 16 [**Stix.co** Stix is the largest OTC platform for secondary market liquidity for Digital Assets](https://millionrounds.com/company/stix-co) Stix is the largest OTC platform for secondary market liquidity for Digital Assets *Founded* 2023 Poland **$2.7M** last round Oct 2023
- 17 [**Alterscope** Alterscope provides the risk infrastructure for web3.](https://millionrounds.com/company/alterscope) Alterscope provides the risk infrastructure for web3. *Founded* 2022 München, Germany **$2.3M** last round Dec 2022
- 18 [**BitVault**](https://millionrounds.com/company/bitvault) *Founded* - Germany **$2.0M** last round Jun 2025
- 19 [**Liquorice** Liquorice is providing off-chain liquidity for solvers and increasing capital efficiency for pro traders, while eliminating impermanent loss for LPs.](https://millionrounds.com/company/liquorice) Liquorice is providing off-chain liquidity for solvers and increasing capital efficiency for pro traders, while eliminating impermanent loss for LPs. *Founded* 2023 Hamburg, Germany **$1.2M** last round Jul 2024

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back DeFi startups in Europe in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More defi lists

[See all](https://millionrounds.com/top-lists?t=DeFi)

[*DA* *FT* *M* **DeFi startups worldwide** 78 companies · $2.2B](https://millionrounds.com/top-lists/defi-startups)[*DA* *FT* *G* **DeFi startups in the United States** 29 companies · $1.5B](https://millionrounds.com/top-lists/defi-startups-united-states)[*DA* *M* *G* **DeFi startups that raised in 2026** 14 companies · $826M in 2026](https://millionrounds.com/top-lists/defi-startups-raised-2026)[*N* *EN* *CP* **DeFi startups founded in 2023** 10 companies · $109M](https://millionrounds.com/top-lists/defi-startups-founded-2023)

## More lists for Europe

[See all](https://millionrounds.com/top-lists?r=Europe)

[*IL* *O* *NH* **Health startups in Europe** 3,025 companies · $29B](https://millionrounds.com/top-lists/health-startups-europe)[*IL* *NH* *CS* **Biotech startups in Europe** 1,665 companies · $22B](https://millionrounds.com/top-lists/biotech-startups-europe)[*MA* *N* *NG* **Big data startups in Europe** 964 companies · $31B](https://millionrounds.com/top-lists/big-data-startups-europe)[*V* *S* *CG* **Energy providers startups in Europe** 953 companies · $41B](https://millionrounds.com/top-lists/energy-providers-startups-europe)[*S* *EP* *S* **Climate tech startups in Europe** 756 companies · $25B](https://millionrounds.com/top-lists/climate-tech-startups-europe)[*S* *K* *FC* **Fintech startups in Europe** 749 companies · $30B](https://millionrounds.com/top-lists/fintech-startups-europe)[*A* *CI* *Y* **Customer service startups in Europe** 720 companies · $13B](https://millionrounds.com/top-lists/customer-service-startups-europe)[*N* *W* *T* **Transport startups in Europe** 697 companies · $28B](https://millionrounds.com/top-lists/transport-startups-europe)