FCF Fox Corporate Finance GmbH is pleased to publish the new "FCF Healthcare & Life Sciences Venture Capital Monitor - Europe 02/2026".
The FCF Healthcare & Life Sciences Venture Capital Monitor - Europe is a monthly overview of financing trends in the venture capital sector with a focus on European healthcare & life sciences companies.
As of the end of February 2026, we identified the following current VC trends in Europe:
Total Healthcare & Life Sciences funding reached EUR 1,456m (-51% vs. 2025), which represents about half of the volume of the same period in 2025
Biotech/Pharma received 40% of the total investment volume (EUR 576m), with ophthalmology being the leading indication (47%)
In February, Immutrin (United Kingdom) secured the highest transaction volume with EUR 75m, followed by NEUROMARK (United States) with EUR 63m and Dawn Health (Denmark) with EUR 33m
EQT Life Sciences (Netherlands) is the most active investor (by deal volume in 2026), followed by F-Prime Capital (United States) and Sofinnova Partners (France)
So far in 2026, we see fewer large-ticket deals, which explains the steep decline in funding volume. We are only two months into 2026, so the market could still recover.