European startup funding 2016
Annual report · 2016-01-01 – 2016-12-31 · vs 2015
Annual
Summary
auto-generatedIn 2016, 3,496 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €15B, down 4.2% versus 2015. Debt rounds added a further €2.5B.
Deal count moved +30.0% versus 2015, with 2,129 named investors participating.
UK led by equity raised with €3.2B (21.6% of equity).
Software was the most-funded sector at €2.9B in equity (19.5%).
The ten largest rounds accounted for 18.9% of disclosed capital, led by Spotify's €918M.
644 exits were recorded this year worth a combined €96B.
Equity funding
€15B
▼ -4.2%excl. debt & grants · +€2.5B debt
Funding rounds
3,496
▲ +30.0%Companies funded
3,185
▲ +30.0%Named investors
2,129
▲ +51.0%Exits
644
▼ -8.7%Provenance: 82% of 3,496 rounds disclosed an amount · 36% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.29%
Methodology →Investments
Funding within 2016
by monthFunding within 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €1.5B | 321 |
| Feb | €940M | 300 |
| Mar | €2.3B | 315 |
| Apr | €1.5B | 259 |
| May | €1.7B | 295 |
| Jun | €1.2B | 305 |
| Jul | €1.4B | 242 |
| Aug | €1.5B | 225 |
| Sep | €1.2B | 330 |
| Oct | €1.7B | 344 |
| Nov | €1.3B | 335 |
| Dec | €1.1B | 225 |
Biggest deals
top 10 by amount- 1SpotifyDebt · Sweden · Mar 2016€918M
- 2MasmovilDebt · Spain · Aug 2016€481M
- 3Global Fashion GroupGrowth/Late · Germany · Apr 2016€330M
- 4Jumia (Africa Internet Group)Growth/Late · France · Mar 2016€300M
- 5Gett (GetTaxi)Growth/Late · Israel · May 2016€263M
- 6OVHGrowth/Late · France · Jul 2016€250M
- 7DeliverooSeries D+ · UK · Aug 2016€247M
- 8SkyscannerSeries C · UK · Jan 2016€174M
- 9MasmovilDebt · Spain · Jul 2016€165M
- 10PayoneerSeries D+ · Israel · Oct 2016€164M
Concentration
top 10 deals18.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.3B
Period total
€17B
Countries
Top countries
equity raised2016 — top countries — interactive chart.
Data table
| 2016 — top countries | |
|---|---|
| UK | €3.2B |
| France | €2.7B |
| Israel | €2.7B |
| Germany | €1.9B |
| Sweden | €641M |
| Switzerland | €639M |
| Spain | €565M |
| Netherlands | €414M |
| Ireland | €339M |
| Russia | €289M |
Capital by country
share of equity2016 — capital by country — interactive chart.
Data table
| 2016 — capital by country | |
|---|---|
| UK | €3.2B |
| France | €2.7B |
| Israel | €2.7B |
| Germany | €1.9B |
| Sweden | €641M |
| Switzerland | €639M |
| Spain | €565M |
| Netherlands | €414M |
| Ireland | €339M |
| Russia | €289M |
| Other | €1.5B |
Geographic distribution
European countries shown · click a country2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2016 — top sectors — interactive chart.
Data table
| 2016 — top sectors | |
|---|---|
| Software | €2.9B |
| Healthtech | €1.9B |
| Fintech | €1.9B |
| E-commerce | €1.5B |
| Transportation | €1.2B |
| Fashion | €1.2B |
| Marketing | €1.1B |
| Media | €1.1B |
| Foodtech | €1.0B |
| Travel | €1.0B |
Capital by sector
share of equity2016 — capital by sector — interactive chart.
Data table
| 2016 — capital by sector | |
|---|---|
| Software | €2.9B |
| Healthtech | €1.9B |
| Fintech | €1.9B |
| E-commerce | €1.5B |
| Transportation | €1.2B |
| Fashion | €1.2B |
| Marketing | €1.1B |
| Media | €1.1B |
| Other | €8.4B |
Stages
Funding by stage
total euro raised by round type2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €1.1B |
| Series A | €2.5B |
| Series B | €2.2B |
| Series C | €1.8B |
| Series D+ | €1.8B |
| Early VC | €1.5B |
| Growth/Late | €3.6B |
| Debt | €2.5B |
| Grant | €72M |
| Crowdfunding | €16M |
| Other | €230M |
Exits
Exit activity
644
exits recorded
€96B
combined disclosed value
Exits breakdown
by type2016 — exits by type — interactive chart.
Data table
| 2016 — exits by type | |
|---|---|
| Acquisition | 576 |
| IPO | 29 |
| Merger | 26 |
| Buyout | 10 |
| Post ipo equity | 3 |