# Top 50 Hardware Startups in Europe by Funding (2026)

> The 50 best-funded hardware startups in Europe, ranked by total funding raised: $14B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Oura**](https://millionrounds.com/company/oura) *Founded* - Finland **$2.9B** last round Jul 2026
- 2 [**Cloover** Cloover provides embedded financial services, software, and energy solutions to facilitate a successful energy transition.](https://millionrounds.com/company/cloover) Cloover provides embedded financial services, software, and energy solutions to facilitate a successful energy transition. *Founded* 2022 Berlin, Sweden **$1.3B** last round Sept 2026
- 3 [**Fractile** Fractile is a UK-based technology company and semiconductor startup founded in 2022 by Dr.](https://millionrounds.com/company/fractile) Fractile is a UK-based technology company and semiconductor startup founded in 2022 by Dr. *Founded* 2022 London, United Kingdom **$960M** last round Oct 2026
- 4 [**Oura Health Oy**](https://millionrounds.com/company/oura-health-oy) *Founded* - Finland **$875M** last round Sept 2025
- 5 [**Graphcore** Graphcore develops a microprocessor designed for AI and machine learning applications.](https://millionrounds.com/company/graphcore) Graphcore develops a microprocessor designed for AI and machine learning applications. *Founded* 2016 Bristol, United Kingdom **$835M** last round May 2026
- 6 [**Back Market** Back Market is the world's largest premium refurbished tech marketplace, founded in 2014 in Paris, France.](https://millionrounds.com/company/back-market) Back Market is the world's largest premium refurbished tech marketplace, founded in 2014 in Paris, France. *Founded* 2014 Paris, France **$558M** last round Jan 2022
- 7 [**OLIX** OLIX is an AI company focused on developing advanced hardware solutions for AI inference workloads.](https://millionrounds.com/company/olix) OLIX is an AI company focused on developing advanced hardware solutions for AI inference workloads. *Founded* 2024 London, United Kingdom **$532M** last round Aug 2026
- 8 [**Nearfield Instruments** Nearfield Instruments (NFI) is a semiconductor metrology equipment company based in Rotterdam, Netherlands.](https://millionrounds.com/company/nearfield-instruments) Nearfield Instruments (NFI) is a semiconductor metrology equipment company based in Rotterdam, Netherlands. *Founded* 2016 Rotterdam, Netherlands **$527M** last round Jun 2026
- 9 [**Raspberry Pi** Raspberry Pi is a computer product manufacturing company that offers hardware and software solutions to homes and corporates.](https://millionrounds.com/company/raspberry-pi) Raspberry Pi is a computer product manufacturing company that offers hardware and software solutions to homes and corporates. *Founded* 2012 Cambridge, United Kingdom **$476M** last round Feb 2024
- 10 [**Oxford Quantum Circuits** Oxford Quantum Circuits develops quantum computers designed for breakthrough discoveries.](https://millionrounds.com/company/oxford-quantum-circuits) Oxford Quantum Circuits develops quantum computers designed for breakthrough discoveries. *Founded* 2017 United Kingdom **$453M** last round Jun 2026
- 11 [**Pragmatic Semiconductor** Pragmatic Semiconductor is a UK-based leader in flexible semiconductor technology, founded in 2010 and headquartered in Cambridge.](https://millionrounds.com/company/pragmatic-semiconductor) Pragmatic Semiconductor is a UK-based leader in flexible semiconductor technology, founded in 2010 and headquartered in Cambridge. *Founded* 2010 Cambridge, United Kingdom **$389M** last round Jun 2026
- 12 [**WISE** Wise is a financial services firm that offers mortgage, insurance, and home buying services.](https://millionrounds.com/company/wise) Wise is a financial services firm that offers mortgage, insurance, and home buying services. *Founded* 2017 Italy **$374M** last round Jul 2024
- 13 [**CamGraPhIC** CamGraPhIC designs, develops and manufactures photonic circuits for telecoms and datacoms.](https://millionrounds.com/company/camgraphic) CamGraPhIC designs, develops and manufactures photonic circuits for telecoms and datacoms. *Founded* 2018 Cambridge, United Kingdom **$278M** last round Apr 2026
- 14 [**Hensoldt** Hensoldt is a globally leading supplier of premium sensors for security and surveillance missions.](https://millionrounds.com/company/hensoldt) Hensoldt is a globally leading supplier of premium sensors for security and surveillance missions. *Founded* 2017 Taufkirchen, Germany **$259M** last round Dec 2023
- 15 [**Nothing** Nothing is a technology company that creates smartphones, audio products, and AI tools aimed at enhancing the lives of the next generation of creatives.](https://millionrounds.com/company/nothing) Nothing is a technology company that creates smartphones, audio products, and AI tools aimed at enhancing the lives of the next generation of creatives. *Founded* 2020 London, United Kingdom **$214M** last round May 2026
- 16 [**Quantum Motion** Quantum Motion is a quantum computing company focused on building full-stack, utility-scale quantum computers using 300mm CMOS silicon technology.](https://millionrounds.com/company/quantum-motion) Quantum Motion is a quantum computing company focused on building full-stack, utility-scale quantum computers using 300mm CMOS silicon technology. *Founded* 2017 London, United Kingdom **$211M** last round May 2026
- 17 [**QuantWare** QuantWare is a quantum computing hardware company based in Delft, Netherlands.](https://millionrounds.com/company/quantware) QuantWare is a quantum computing hardware company based in Delft, Netherlands. *Founded* 2020 Delft, Netherlands **$209M** last round May 2026
- 18 [**Aledia** Aledia is a French deep-tech company founded in 2011, specializing in microLED display technology.](https://millionrounds.com/company/aledia) Aledia is a French deep-tech company founded in 2011, specializing in microLED display technology. *Founded* 2011 Champagnier, France **$208M** last round Sept 2023
- 19 [**QuantumDiamonds** Quantum Diamonds provides described nitrogen-vacancy (NV) diamonds for quantum sensing to industrial and academic customers.](https://millionrounds.com/company/quantumdiamonds) Quantum Diamonds provides described nitrogen-vacancy (NV) diamonds for quantum sensing to industrial and academic customers. *Founded* 2022 Munich, Germany **$201M** last round Jul 2026
- 20 [**Plastic Logic Germany** Plastic Logic Germany leads the way in developing, manufacturing and commercializing flexible electrophoretic displays (EPD).](https://millionrounds.com/company/plastic-logic-germany) Plastic Logic Germany leads the way in developing, manufacturing and commercializing flexible electrophoretic displays (EPD). *Founded* 2000 Dresden, Germany **$196M** last round Aug 2008
- 21 [**mOm Incubators** mOm is an inexpensive, electronically controlled, inflatable incubator constructed to decrease the number of premature child deaths.](https://millionrounds.com/company/mom-incubators) mOm is an inexpensive, electronically controlled, inflatable incubator constructed to decrease the number of premature child deaths. *Founded* 2014 London, United Kingdom **$191M** last round Oct 2026
- 22 [**Jolt Energy** JOLT Energy is a Munich-based company founded in 2018 that specializes in ultra-fast electric vehicle (EV) charging infrastructure.](https://millionrounds.com/company/jolt-energy) JOLT Energy is a Munich-based company founded in 2018 that specializes in ultra-fast electric vehicle (EV) charging infrastructure. *Founded* 2018 Muenchen, Germany **$169M** last round Dec 2024
- 23 [**Quobly** Quobly is a French quantum computing company founded in 2022 in Grenoble, known for its innovative approach to quantum technology.](https://millionrounds.com/company/quobly) Quobly is a French quantum computing company founded in 2022 in Grenoble, known for its innovative approach to quantum technology. *Founded* 2022 Grenoble, France **$151M** last round Jun 2026
- 24 [**Indra Renewable Technologies** Indra Renewable Technologies is a UK-based manufacturer specializing in smart electric vehicle (EV) charging and energy management solutions.](https://millionrounds.com/company/indra-renewable-technologies) Indra Renewable Technologies is a UK-based manufacturer specializing in smart electric vehicle (EV) charging and energy management solutions. *Founded* 2013 Great Malvern, United Kingdom **$120M** last round Jul 2023
- 25 [**SiPearl** SiPearl is a European fabless semiconductor company founded in June 2019 and based in Maisons-Laffitte, France.](https://millionrounds.com/company/sipearl) SiPearl is a European fabless semiconductor company founded in June 2019 and based in Maisons-Laffitte, France. *Founded* 2019 Maisons-Laffitte, France **$119M** last round Jul 2025
- 26 [**tado°** tado° is a German energy technology company based in Munich, specializing in home energy management.](https://millionrounds.com/company/tado) tado° is a German energy technology company based in Munich, specializing in home energy management. *Founded* 2011 Muenchen, Germany **$116M** last round Mar 2025
- 27 [**Alice & Bob** Alice&Bob build Universal, Error-free, Quantum Computers to help industries and researchers solve the hardest problems.](https://millionrounds.com/company/alice-and-bob) Alice&Bob build Universal, Error-free, Quantum Computers to help industries and researchers solve the hardest problems. *Founded* 2020 Paris, France **$104M** last round May 2026
- 28 [**eXo**](https://millionrounds.com/company/exo) *Founded* - France **$101M** last round May 2025
- 29 [**Griffin** Griffin provides services like consulting, E-commerce, Design production, WEB production and many more.](https://millionrounds.com/company/griffin) Griffin provides services like consulting, E-commerce, Design production, WEB production and many more. *Founded* 2012 United Kingdom **$98M** last round Nov 2026
- 30 [**Remarkable** We're on a mission to empower Disability Tech innovators by providing the training, capital and networks they need to create a future that is accessible, equita](https://millionrounds.com/company/remarkable) We're on a mission to empower Disability Tech innovators by providing the training, capital and networks they need to create a future that is accessible, equita *Founded* - Norway **$95M** last round Jun 2025
- 31 [**CoreOptics** CoreOptics designs and develops digital signal processing solutions for high-speed optical networking applications.](https://millionrounds.com/company/coreoptics) CoreOptics designs and develops digital signal processing solutions for high-speed optical networking applications. *Founded* 2001 Germany **$90M** last round Apr 2008
- 32 [**Ferroelectric Memory Company** Ferroelectric Memory Company (FMC), founded in 2016 and based in Dresden, Germany, is a semiconductor startup focused on developing next-generation non-volatile](https://millionrounds.com/company/ferroelectric-memory-company) Ferroelectric Memory Company (FMC), founded in 2016 and based in Dresden, Germany, is a semiconductor startup focused on developing next-generation non-volatile *Founded* 2016 Dresden, Germany **$89M** last round Nov 2025
- 33 [**Beko Europe** Beko Europe manufacturers and markets home appliances and electronics.](https://millionrounds.com/company/beko-europe) Beko Europe manufacturers and markets home appliances and electronics. *Founded* 2024 Amsterdam, Netherlands **$82M** last round Jun 2026
- 34 [**Flow Engineering** Flow Engineering is a software development company founded in 2016 and based in Los Angeles, California, with an additional office in London, United Kingdom.](https://millionrounds.com/company/flow-engineering) Flow Engineering is a software development company founded in 2016 and based in Los Angeles, California, with an additional office in London, United Kingdom. *Founded* 2023 San Francisco, United Kingdom **$73M** last round Sept 2026
- 35 [**EleQtron** eleQtron GmbH, founded in 2020, is a pioneering German start-up focused on developing and operating trapped-ion quantum computers.](https://millionrounds.com/company/eleqtron) eleQtron GmbH, founded in 2020, is a pioneering German start-up focused on developing and operating trapped-ion quantum computers. *Founded* 2020 Siegen, Germany **$67M** last round Jun 2026
- 36 [**Scintil Photonics** SCINTIL Photonics is a fabless semiconductor company based in Grenoble, France, founded in 2018 by Sylvie Menezo.](https://millionrounds.com/company/scintil-photonics) SCINTIL Photonics is a fabless semiconductor company based in Grenoble, France, founded in 2018 by Sylvie Menezo. *Founded* 2018 Grenoble, France **$62M** last round Sept 2025
- 37 [**Living Optics** Living Optics is a private deep-tech company founded in 2020, specializing in the development and manufacturing of affordable, portable hyperspectral imaging (H](https://millionrounds.com/company/living-optics) Living Optics is a private deep-tech company founded in 2020, specializing in the development and manufacturing of affordable, portable hyperspectral imaging (H *Founded* 2020 Milton, United Kingdom **$61M** last round Oct 2026
- 38 [**Light Blue Optics** Light Blue Optics (LBO) was a technology company based in Cambridge, UK, with additional offices in San Mateo, CA.](https://millionrounds.com/company/light-blue-optics) Light Blue Optics (LBO) was a technology company based in Cambridge, UK, with additional offices in San Mateo, CA. *Founded* 2004 Cambridge, United Kingdom **$59M** last round Oct 2010
- 39 [**Morphotonics** Morphotonics is a Dutch company based in Veldhoven, specializing in large-area nanoimprinting technology.](https://millionrounds.com/company/morphotonics) Morphotonics is a Dutch company based in Veldhoven, specializing in large-area nanoimprinting technology. *Founded* 2014 Veldhoven, Netherlands **$57M** last round Sept 2026
- 40 [**Lendis** Lendis is a German SaaS company founded in 2018, headquartered in Berlin.](https://millionrounds.com/company/lendis) Lendis is a German SaaS company founded in 2018, headquartered in Berlin. *Founded* 2018 Berlin, Germany **$57M** last round Jan 2022
- 41 [**USound** USound is a fabless audio company offering high-performance silicon speakers and sound solutions based on MEMS technology.](https://millionrounds.com/company/usound) USound is a fabless audio company offering high-performance silicon speakers and sound solutions based on MEMS technology. *Founded* 2014 Graz, Austria **$56M** last round Aug 2023
- 42 [**ISORG** Isorg is a French technology company founded in 2010, specializing in organic and printed electronics.](https://millionrounds.com/company/isorg) Isorg is a French technology company founded in 2010, specializing in organic and printed electronics. *Founded* 2010 Grenoble, France **$56M** last round Jun 2021
- 43 [**Semble**](https://millionrounds.com/company/semble) *Founded* 2017 United Kingdom **$56M** last round Jun 2026
- 44 [**Enecsys** Enecsys engages in designing, manufacturing, and marketing micro-inverter systems for solar modules.](https://millionrounds.com/company/enecsys) Enecsys engages in designing, manufacturing, and marketing micro-inverter systems for solar modules. *Founded* 2003 Cambridge, United Kingdom **$55M** last round May 2011
- 45 [**Spot My Energy** Spot My Energy increases the value of smart power by making energy flows transparent.](https://millionrounds.com/company/spot-my-energy) Spot My Energy increases the value of smart power by making energy flows transparent. *Founded* 2023 Cologne, Germany **$55M** last round Mar 2025
- 46 [**Marvel Fusion** Marvel Fusion is a developer of fusion energy technology used to offer environment-friendly and safe energy.](https://millionrounds.com/company/marvel-fusion) Marvel Fusion is a developer of fusion energy technology used to offer environment-friendly and safe energy. *Founded* 2019 Munich, Germany **$54M** last round Mar 2025
- 47 [**Quandela** Quandela designs quantum computers and generators to deliver quantum-secure communication networks and scalable quantum processors.](https://millionrounds.com/company/quandela) Quandela designs quantum computers and generators to deliver quantum-secure communication networks and scalable quantum processors. *Founded* 2017 Massy, France **$54M** last round Nov 2023
- 48 [**Rabot Energy** Rabot Energy is a smart energy and electricity provider based in Hamburg, founded in 2021.](https://millionrounds.com/company/rabot-energy) Rabot Energy is a smart energy and electricity provider based in Hamburg, founded in 2021. *Founded* 2021 Hamburg, Germany **$50M** last round Oct 2026
- 49 [**Orbital Industries** Orbital Industries is an AI industrial company founded in 2022, specializing in the integration of artificial intelligence into the discovery of advanced materi](https://millionrounds.com/company/orbital-industries) Orbital Industries is an AI industrial company founded in 2022, specializing in the integration of artificial intelligence into the discovery of advanced materi *Founded* 2022 London, United Kingdom **$50M** last round May 2026
- 50 [**Tingbot** Tingbot transforms your Raspberry Pi into a platform for creative applications.](https://millionrounds.com/company/tingbot) Tingbot transforms your Raspberry Pi into a platform for creative applications. *Founded* 2015 London, United Kingdom **$48M** last round Nov 2015

**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 hardware 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 hardware lists

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

[*AI* *G* *T* **Hardware startups worldwide** 1,733 companies · $66B](https://millionrounds.com/top-lists/hardware-startups)[*AI* *G* *T* **Hardware startups in the United States** 815 companies · $50B](https://millionrounds.com/top-lists/hardware-startups-united-states)[*F* *G* *O* **Hardware startups in the United Kingdom** 140 companies · $5.7B](https://millionrounds.com/top-lists/hardware-startups-united-kingdom)[*BM* *A* *Q* **Hardware startups in France** 79 companies · $1.9B](https://millionrounds.com/top-lists/hardware-startups-france)[*T* *P* *ET* **Hardware startups in Canada** 59 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-canada)[*H* *Q* *PL* **Hardware startups in Germany** 47 companies · $1.6B](https://millionrounds.com/top-lists/hardware-startups-germany)[*NI* *Q* *BE* **Hardware startups in the Netherlands** 24 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-netherlands)[*C* *F* *T* **Hardware startups in Sweden** 18 companies · $1.4B](https://millionrounds.com/top-lists/hardware-startups-sweden)

## 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)