Dealroom.co – European Spinouts Report Nov 2025

The report focuses on spinouts from European universities and research centers, particularly in Deep Tech and Life Sciences sectors.

Key findings include a combined enterprise value of nearly $400 billion, creation of over 160,000 jobs across more than 7,300 startups, and spinouts accounting for 40% of new Deep Tech and Life Sciences startups since 2019. The UK leads in spinout value creation, followed by Germany, France, and Switzerland, with Switzerland leading in value created per capita. Strong activity is noted in AI x Deep Tech, Medical Devices, Climate Tech & Energy, and Semiconductors. M&A activity peaked in 2024-2025, while IPOs declined after 2021.