European startup funding Mar 2016
Monthly report · 2016-03-01 – 2016-03-31 · vs Feb 2016
Monthly
Summary
auto-generatedIn Mar 2016, 315 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.4B, up 55.5% versus Feb 2016. Debt rounds added a further €922M.
Deal count moved +5.0% versus Feb 2016, with 302 named investors participating.
France led by equity raised with €408M (29.4% of equity).
Foodtech was the most-funded sector at €330M in equity (23.9%).
The ten largest rounds accounted for 68.4% of disclosed capital, led by Spotify's €918M.
60 exits were recorded this month worth a combined €5.4B.
Equity funding
€1.4B
▲ +55.5%excl. debt & grants · +€922M debt
Funding rounds
315
▲ +5.0%Companies funded
310
▲ +3.3%Named investors
302
▲ +17.5%Exits
60
▲ +33.3%Provenance: 82% of 315 rounds disclosed an amount · 42% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.52%
Methodology →Investments
Funding within Mar 2016
by dayFunding within Mar 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €2.3B | 311 |
| 02 | €0 | 0 |
| 03 | €0 | 0 |
| 04 | €0 | 0 |
| 05 | €0 | 0 |
| 06 | €0 | 0 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €0 | 0 |
| 14 | €0 | 0 |
| 15 | €0 | 0 |
| 16 | €0 | 0 |
| 17 | €0 | 0 |
| 18 | €155k | 1 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €25M | 1 |
| 25 | €0 | 0 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €0 | 0 |
| 29 | €7.2M | 2 |
| 30 | €0 | 0 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1SpotifyDebt · Sweden · Mar 2016€918M
- 2Jumia (Africa Internet Group)Growth/Late · France · Mar 2016€300M
- 3Cool BlueSeries D+ · Netherlands · Mar 2016€140M
- 4BlipparSeries D+ · UK · Mar 2016€50M
- 5eGymSeries C · Germany · Mar 2016€41M
- 6M-FilesSeries B · Finland · Mar 2016€33M
- 7ezbobSeries C · UK · Mar 2016€25M
- 8ATMGrowth/Late · Poland · Mar 2016€25M
- 9StratoscaleSeries C · Israel · Mar 2016€25M
- 10XJetGrowth/Late · Israel · Mar 2016€23M
Concentration
top 10 deals68.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.6B
Period total
€2.3B
Countries
Top countries
equity raisedMar 2016 — top countries — interactive chart.
Data table
| Mar 2016 — top countries | |
|---|---|
| France | €408M |
| UK | €241M |
| Israel | €164M |
| Netherlands | €157M |
| Germany | €143M |
| Finland | €41M |
| Sweden | €39M |
| Switzerland | €30M |
| Poland | €27M |
| Denmark | €18M |
Capital by country
share of equityMar 2016 — capital by country — interactive chart.
Data table
| Mar 2016 — capital by country | |
|---|---|
| France | €408M |
| UK | €241M |
| Israel | €164M |
| Netherlands | €157M |
| Germany | €143M |
| Finland | €41M |
| Sweden | €39M |
| Switzerland | €30M |
| Poland | €27M |
| Denmark | €18M |
| Other | €117M |
Geographic distribution
European countries shown · click a countryMar 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2016 — top sectors — interactive chart.
Data table
| Mar 2016 — top sectors | |
|---|---|
| Foodtech | €330M |
| Fashion | €302M |
| Software | €221M |
| Consumer | €197M |
| Fintech | €187M |
| Marketing | €108M |
| Media | €99M |
| Healthtech | €87M |
| Sports | €70M |
| Transportation | €69M |
Capital by sector
share of equityMar 2016 — capital by sector — interactive chart.
Data table
| Mar 2016 — capital by sector | |
|---|---|
| Foodtech | €330M |
| Fashion | €302M |
| Software | €221M |
| Consumer | €197M |
| Fintech | €187M |
| Marketing | €108M |
| Media | €99M |
| Healthtech | €87M |
| Other | €541M |
Stages
Funding by stage
total euro raised by round typeMar 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €159M |
| Series A | €162M |
| Series B | €210M |
| Series C | €150M |
| Series D+ | €203M |
| Early VC | €72M |
| Growth/Late | €414M |
| Debt | €922M |
| Grant | €3.1M |
| Other | €14M |
Exits
Exit activity
60
exits recorded
€5.4B
combined disclosed value
Exits breakdown
by typeMar 2016 — exits by type — interactive chart.
Data table
| Mar 2016 — exits by type | |
|---|---|
| Acquisition | 50 |
| Merger | 8 |
| IPO | 2 |