AI innovation wave ignites Europe’s Seed scene Looking more closely at the most popular sectors at the earliest stages, we see other key trends starting to take off as well for Seed investments. Not surprisingly, the most notable one is the rise of AI, with a huge number of companies popping up to capitalise on the wave of innovation ignited by breakthroughs in large language models (LLMs). This has catapulted AI/ML to the top of the charts as the number one earliest-stage category, as ranked by the count of rounds of investment of $5M or less. Though things are certainly incredibly active at the earliest stages in AI, Europe already has a growing and maturing ecosystem of growth stage companies with AI at their core. Top themes ranked by capital invested for rounds of less than