European startup funding H2 2015
Half-year report · 2015-07-01 – 2015-12-31 · vs H1 2015
Half-year
Summary
auto-generatedIn H2 2015, 1,398 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €8.0B, up 8.5% versus H1 2015. Debt rounds added a further €170M.
Deal count moved +8.3% versus H1 2015, with 954 named investors participating.
UK led by equity raised with €2.3B (29.1% of equity).
Software was the most-funded sector at €1.7B in equity (20.9%).
The ten largest rounds accounted for 21.1% of disclosed capital, led by O3b Networks's €435M.
368 exits were recorded this half-year worth a combined €60B.
Equity funding
€8.0B
▲ +8.5%excl. debt & grants · +€170M debt
Funding rounds
1,398
▲ +8.3%Companies funded
1,357
▲ +10.9%Named investors
954
▲ +15.5%Exits
368
▲ +9.2%Provenance: 78% of 1,398 rounds disclosed an amount · 23% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.86%
Methodology →Investments
Funding within H2 2015
by monthFunding within H2 2015 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €1.7B | 241 |
| Aug | €910M | 171 |
| Sep | €1.7B | 248 |
| Oct | €1.2B | 236 |
| Nov | €1.5B | 251 |
| Dec | €1.4B | 251 |
Biggest deals
top 10 by amount- 1O3b NetworksGrowth/Late · Netherlands · Dec 2015€435M
- 2FanDuelSeries D+ · UK · Jul 2015€246M
- 3BlaBlaCarSeries D+ · France · Sep 2015€178M
- 4Reward GatewayGrowth/Late · UK · Jul 2015€169M
- 5Global Fashion GroupGrowth/Late · Germany · Jul 2015€150M
- 6AuxmoneySeries C · Germany · Oct 2015€150M
- 7Atom BankGrowth/Late · UK · Nov 2015€114M
- 8AfrimaxGrowth/Late · Netherlands · Sep 2015€107M
- 9CureVacSeries D+ · Germany · Nov 2015€100M
- 10Prodigy FinanceGrowth/Late · UK · Aug 2015€91M
Concentration
top 10 deals21.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.7B
Period total
€8.2B
Countries
Top countries
equity raisedH2 2015 — top countries — interactive chart.
Data table
| H2 2015 — top countries | |
|---|---|
| UK | €2.3B |
| Germany | €1.1B |
| Israel | €915M |
| France | €854M |
| Netherlands | €799M |
| Switzerland | €418M |
| Spain | €307M |
| Sweden | €296M |
| Belgium | €161M |
| Russia | €141M |
Capital by country
share of equityH2 2015 — capital by country — interactive chart.
Data table
| H2 2015 — capital by country | |
|---|---|
| UK | €2.3B |
| Germany | €1.1B |
| Israel | €915M |
| France | €854M |
| Netherlands | €799M |
| Switzerland | €418M |
| Spain | €307M |
| Sweden | €296M |
| Belgium | €161M |
| Russia | €141M |
| Other | €666M |
Geographic distribution
European countries shown · click a countryH2 2015 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH2 2015 — top sectors — interactive chart.
Data table
| H2 2015 — top sectors | |
|---|---|
| Software | €1.7B |
| Healthtech | €1.3B |
| Fintech | €1.1B |
| E-commerce | €762M |
| Telecom | €702M |
| Transportation | €527M |
| Sports | €468M |
| Marketing | €456M |
| Fashion | €417M |
| Media | €377M |
Capital by sector
share of equityH2 2015 — capital by sector — interactive chart.
Data table
| H2 2015 — capital by sector | |
|---|---|
| Software | €1.7B |
| Healthtech | €1.3B |
| Fintech | €1.1B |
| E-commerce | €762M |
| Telecom | €702M |
| Transportation | €527M |
| Sports | €468M |
| Marketing | €456M |
| Other | €3.7B |
Stages
Funding by stage
total euro raised by round typeH2 2015 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €515M |
| Series A | €1.3B |
| Series B | €1.1B |
| Series C | €1.2B |
| Series D+ | €1.1B |
| Early VC | €530M |
| Growth/Late | €2.3B |
| Debt | €170M |
| Grant | €27M |
| Crowdfunding | €7.0M |
| Other | €51M |
Exits
Exit activity
368
exits recorded
€60B
combined disclosed value
Exits breakdown
by typeH2 2015 — exits by type — interactive chart.
Data table
| H2 2015 — exits by type | |
|---|---|
| Acquisition | 326 |
| Buyout | 19 |
| IPO | 14 |
| Merger | 9 |