Take a look at the incredible report!

In the H1 2025 edition of the report

1. Introduction

• Executive summary
• Methodology and sources
• European cybersecurity market size 2025-2030

2. Private Investment in Cybersecurity

• Investment evolution by year
• Investment evolution by quarter
• Investment by round type
• Investment by country

3. European Cybersecurity Investment Ecosystem

• Investors by country of headquarters
• Top 10 investing European countries (by number of participated rounds)
• ECSO Members in the ecosystem
• Top 10 European cybersecurity investors (by number of participated rounds)
• Top 10 European cybersecurity investors (by total investment)
• European cybersecurity unicorns

4. European Cybersecurity M&A Overview

• M&A evolution by month
• M&A by country of acquired company’s headquarters
• M&A by country of acquirer company’s headquarters

5. European Cybersecurity M&A Ecosystem

• Acquirers by country
• Top 10 acquiring countries by number of acquirers
• ECSO Members in the M&A ecosystem
• Top 10 acquirers by number of M&As

6. ECSO Initiatives to Address the Cybersecurity Funding Gap

• European Defence and Cyber Security investment Platform
• Invest4Cyber Community
• The Cyberhive EUROPE
• ECSO Matchmaking Events
• ECSO Village
• ECSO Cybersecurity Market Analyses

7. Annexes

• Methodology
• Glossary of funding rounds and M&As
• ECCO Market Analysis on open-source data
• References

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About the report

The ECSO Cybersecurity Investment and M&A Reports track private investment in cybersecurity (equity and venture capital investments, including angel rounds, pre-seed/seed, series A through to series D+, and debt financing), and M&As (mergers, acquisitions, and buyouts). These reports understand cybersecurity as a broad concept. Consequently, they include any company that provides solutions to secure data, networks, identities, infrastructures, cloud, manage identities and access, protect brands and transactions, etc.

ECSO currently does not track IPOs. Furthermore, it only tracks deals that are publicly disclosed.​ Europe is understood as the EU27, EFTA and EEA countries plus the United Kingdom and Ukraine. ECSO also tracks M&As of European cybersecurity companies outside of Europe, and those of non-European companies in Europe. The full list of countries encompassed is available in the annex. The funding amount is converted from other currencies to Euros. The rate is based on the average exchange rate of the respective year between the different currencies and the EUR.​

About the ECSO Working Group on European Cybersecurity Market Development

The ECSO Working Group on European Cybersecurity Market Development works with companies of all sizes, investors, associations, and public administrations. Together, European-driven growth is facilitated by creating opportunities to form business partnerships, find investments, and access new markets in Europe and beyond. Gain visibility and access all the benefits of the working group by becoming an ECSO Member today.

Read more about the working group