European startup funding H1 2016
Half-year report · 2016-01-01 – 2016-06-30 · vs H2 2015
Half-year
Summary
auto-generatedIn H1 2016, 1,795 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.9B, down 1.4% versus H2 2015. Debt rounds added a further €1.2B.
Deal count moved +28.4% versus H2 2015, with 1,236 named investors participating.
UK led by equity raised with €1.9B (23.3% of equity).
Software was the most-funded sector at €1.5B in equity (19.3%).
The ten largest rounds accounted for 27.7% of disclosed capital, led by Spotify's €918M.
324 exits were recorded this half-year worth a combined €70B.
Equity funding
€7.9B
▼ -1.4%excl. debt & grants · +€1.2B debt
Funding rounds
1,795
▲ +28.4%Companies funded
1,722
▲ +26.9%Named investors
1,236
▲ +29.6%Exits
324
▼ -12.0%Provenance: 83% of 1,795 rounds disclosed an amount · 28% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.78%
Methodology →Investments
Funding within H1 2016
by monthFunding within H1 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 |
Biggest deals
top 10 by amount- 1SpotifyDebt · Sweden · Mar 2016€918M
- 2Global Fashion GroupGrowth/Late · Germany · Apr 2016€330M
- 3Jumia (Africa Internet Group)Growth/Late · France · Mar 2016€300M
- 4Gett (GetTaxi)Growth/Late · Israel · May 2016€263M
- 5SkyscannerSeries C · UK · Jan 2016€174M
- 6Cool BlueSeries D+ · Netherlands · Mar 2016€140M
- 7Oxford Nanopore TechnologiesGrowth/Late · UK · Apr 2016€111M
- 8CabifySeries C · Spain · Apr 2016€105M
- 9DeezerSeries D+ · France · Jan 2016€100M
- 104financeDebt · Latvia · May 2016€100M
Concentration
top 10 deals27.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.5B
Period total
€9.2B
Countries
Top countries
equity raisedH1 2016 — top countries — interactive chart.
Data table
| H1 2016 — top countries | |
|---|---|
| UK | €1.9B |
| Israel | €1.4B |
| France | €1.1B |
| Germany | €1.1B |
| Switzerland | €418M |
| Spain | €408M |
| Netherlands | €311M |
| Sweden | €305M |
| Belgium | €139M |
| Finland | €118M |
Capital by country
share of equityH1 2016 — capital by country — interactive chart.
Data table
| H1 2016 — capital by country | |
|---|---|
| UK | €1.9B |
| Israel | €1.4B |
| France | €1.1B |
| Germany | €1.1B |
| Switzerland | €418M |
| Spain | €408M |
| Netherlands | €311M |
| Sweden | €305M |
| Belgium | €139M |
| Finland | €118M |
| Other | €746M |
Geographic distribution
European countries shown · click a countryH1 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2016 — top sectors — interactive chart.
Data table
| H1 2016 — top sectors | |
|---|---|
| Software | €1.5B |
| Healthtech | €1.1B |
| Fintech | €1.0B |
| E-commerce | €1.0B |
| Fashion | €924M |
| Travel | €748M |
| Transportation | €738M |
| Media | €563M |
| Marketing | €520M |
| Foodtech | €486M |
Capital by sector
share of equityH1 2016 — capital by sector — interactive chart.
Data table
| H1 2016 — capital by sector | |
|---|---|
| Software | €1.5B |
| Healthtech | €1.1B |
| Fintech | €1.0B |
| E-commerce | €1.0B |
| Fashion | €924M |
| Travel | €748M |
| Transportation | €738M |
| Media | €563M |
| Other | €4.0B |
Stages
Funding by stage
total euro raised by round typeH1 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €673M |
| Series A | €1.2B |
| Series B | €1.3B |
| Series C | €1.1B |
| Series D+ | €741M |
| Early VC | €549M |
| Growth/Late | €2.3B |
| Debt | €1.2B |
| Grant | €13M |
| Crowdfunding | €3.0M |
| Other | €104M |
Exits
Exit activity
324
exits recorded
€70B
combined disclosed value
Exits breakdown
by typeH1 2016 — exits by type — interactive chart.
Data table
| H1 2016 — exits by type | |
|---|---|
| Acquisition | 285 |
| Merger | 20 |
| IPO | 14 |
| Buyout | 5 |