European startup funding Q3 2015
Quarterly report · 2015-07-01 – 2015-09-30 · vs Q2 2015
Quarterly
Summary
auto-generatedIn Q3 2015, 660 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.2B, up 1.9% versus Q2 2015. Debt rounds added a further €50M.
Deal count moved +10.4% versus Q2 2015, with 549 named investors participating.
UK led by equity raised with €1.4B (33.6% of equity).
Software was the most-funded sector at €930M in equity (22.3%).
The ten largest rounds accounted for 30.2% of disclosed capital, led by FanDuel's €246M.
193 exits were recorded this quarter worth a combined €39B.
Equity funding
€4.2B
▲ +1.9%excl. debt & grants · +€50M debt
Funding rounds
660
▲ +10.4%Companies funded
649
▲ +10.8%Named investors
549
▲ +6.6%Exits
193
▲ +10.9%Provenance: 78% of 660 rounds disclosed an amount · 19% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.90%
Methodology →Investments
Funding within Q3 2015
by monthFunding within Q3 2015 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €1.7B | 241 |
| Aug | €910M | 171 |
| Sep | €1.7B | 248 |
Biggest deals
top 10 by amount- 1FanDuelSeries D+ · UK · Jul 2015€246M
- 2BlaBlaCarSeries D+ · France · Sep 2015€178M
- 3Reward GatewayGrowth/Late · UK · Jul 2015€169M
- 4Global Fashion GroupGrowth/Late · Germany · Jul 2015€150M
- 5AfrimaxGrowth/Late · Netherlands · Sep 2015€107M
- 6Prodigy FinanceGrowth/Late · UK · Aug 2015€91M
- 7LetgoSeries A · Spain · Sep 2015€89M
- 8CeQurSeries C · Switzerland · Sep 2015€89M
- 9KreditechSeries C · Germany · Sep 2015€83M
- 10BenevolentGrowth/Late · UK · Aug 2015€80M
Concentration
top 10 deals30.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.3B
Period total
€4.2B
Countries
Top countries
equity raisedQ3 2015 — top countries — interactive chart.
Data table
| Q3 2015 — top countries | |
|---|---|
| UK | €1.4B |
| Germany | €561M |
| France | €552M |
| Israel | €373M |
| Netherlands | €286M |
| Switzerland | €230M |
| Sweden | €193M |
| Spain | €191M |
| Ireland | €72M |
| Belgium | €72M |
Capital by country
share of equityQ3 2015 — capital by country — interactive chart.
Data table
| Q3 2015 — capital by country | |
|---|---|
| UK | €1.4B |
| Germany | €561M |
| France | €552M |
| Israel | €373M |
| Netherlands | €286M |
| Switzerland | €230M |
| Sweden | €193M |
| Spain | €191M |
| Ireland | €72M |
| Belgium | €72M |
| Other | €238M |
Geographic distribution
European countries shown · click a countryQ3 2015 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ3 2015 — top sectors — interactive chart.
Data table
| Q3 2015 — top sectors | |
|---|---|
| Software | €930M |
| Healthtech | €718M |
| Fintech | €591M |
| E-commerce | €542M |
| Fashion | €334M |
| Transportation | €310M |
| Gaming | €305M |
| Sports | €268M |
| Wellness & Beauty | €251M |
| Consumer | €211M |
Capital by sector
share of equityQ3 2015 — capital by sector — interactive chart.
Data table
| Q3 2015 — capital by sector | |
|---|---|
| Software | €930M |
| Healthtech | €718M |
| Fintech | €591M |
| E-commerce | €542M |
| Fashion | €334M |
| Transportation | €310M |
| Gaming | €305M |
| Sports | €268M |
| Other | €1.7B |
Stages
Funding by stage
total euro raised by round typeQ3 2015 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €194M |
| Series A | €718M |
| Series B | €511M |
| Series C | €705M |
| Series D+ | €761M |
| Early VC | €195M |
| Growth/Late | €1.1B |
| Debt | €50M |
| Grant | €23M |
| Crowdfunding | €7.0M |
| Other | €22M |
Exits
Exit activity
193
exits recorded
€39B
combined disclosed value
Exits breakdown
by typeQ3 2015 — exits by type — interactive chart.
Data table
| Q3 2015 — exits by type | |
|---|---|
| Acquisition | 165 |
| Buyout | 14 |
| IPO | 11 |
| Merger | 3 |