# Method

Source: FundingWatcher startup file, data as of 2026-10-12.
166,059 companies whose most recent round is a named stage: pre-seed, angel, seed, Series A to Series J.

Rows used: companies whose most recent round is dated 2026-01-01 to 2026-09-30 (15,185 rounds).
Money: the disclosed amount of that round in USD. A round with no amount counts as a round and adds 0.

Limits:
- One round per company (the latest). A company that raised twice in 2026 counts once.
- Debt, grants, corporate rounds, private equity, secondary sales and "series unknown" rounds are not in the file.
  OpenAI (latest entry a secondary sale), Anthropic (latest entry debt) and Databricks (private equity) are out.
- Country = headquarters country. 555 rounds have no country.

Columns:
- rounds_100m_plus: rounds of 100,000,000 USD or more.
- total_under_100m_usd_m: money in rounds under 100M USD.
- early_*: pre_seed, seed, angel and series_a rounds under 100M USD.
- share_in_100m_plus_pct: share of the country's money in rounds of 100M USD or more.

Europe (region table): United Kingdom, Germany, France, Netherlands, Spain, Switzerland, Sweden, Italy, Belgium,
Denmark, Ireland, Finland, Portugal, Poland, Austria, Norway, Czech Republic, Estonia, Lithuania, Latvia, Greece,
Romania, Hungary, Bulgaria, Croatia, Slovenia, Slovakia, Luxembourg, Iceland, Ukraine, Serbia, Cyprus, Malta.

License: CC BY 4.0. Cite as FundingWatcher, October 2026.