European startup funding H2 2016
Half-year report · 2016-07-01 – 2016-12-31 · vs H1 2016
Half-year
Summary
auto-generatedIn H2 2016, 1,701 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €6.9B, down 13.4% versus H1 2016. Debt rounds added a further €1.3B.
Deal count moved -5.2% versus H1 2016, with 1,441 named investors participating.
France led by equity raised with €1.5B (22.4% of equity).
Software was the most-funded sector at €1.4B in equity (19.7%).
The ten largest rounds accounted for 23.0% of disclosed capital, led by Masmovil's €481M.
320 exits were recorded this half-year worth a combined €26B.
Equity funding
€6.9B
▼ -13.4%excl. debt & grants · +€1.3B debt
Funding rounds
1,701
▼ -5.2%Companies funded
1,620
▼ -5.9%Named investors
1,441
▲ +16.6%Exits
320
▼ -1.2%Provenance: 81% of 1,701 rounds disclosed an amount · 45% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -1.27%
Methodology →Investments
Funding within H2 2016
by monthFunding within H2 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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- 1MasmovilDebt · Spain · Aug 2016€481M
- 2OVHGrowth/Late · France · Jul 2016€250M
- 3DeliverooSeries D+ · UK · Aug 2016€247M
- 4MasmovilDebt · Spain · Jul 2016€165M
- 5PayoneerSeries D+ · Israel · Oct 2016€164M
- 6SIGFOXSeries D+ · France · Oct 2016€150M
- 7AuxmoneyDebt · Germany · Dec 2016€150M
- 8DevialetSeries C · France · Nov 2016€100M
- 9Voyager LabsGrowth/Late · Israel · Nov 2016€91M
- 10Gett (GetTaxi)Debt · Israel · Nov 2016€91M
Concentration
top 10 deals23.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.9B
Period total
€8.2B
Countries
Top countries
equity raisedH2 2016 — top countries — interactive chart.
Data table
| H2 2016 — top countries | |
|---|---|
| France | €1.5B |
| UK | €1.4B |
| Israel | €1.2B |
| Germany | €799M |
| Sweden | €336M |
| Ireland | €280M |
| Switzerland | €221M |
| Russia | €192M |
| Spain | €156M |
| Finland | €154M |
Capital by country
share of equityH2 2016 — capital by country — interactive chart.
Data table
| H2 2016 — capital by country | |
|---|---|
| France | €1.5B |
| UK | €1.4B |
| Israel | €1.2B |
| Germany | €799M |
| Sweden | €336M |
| Ireland | €280M |
| Switzerland | €221M |
| Russia | €192M |
| Spain | €156M |
| Finland | €154M |
| Other | €617M |
Geographic distribution
European countries shown · click a countryH2 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH2 2016 — top sectors — interactive chart.
Data table
| H2 2016 — top sectors | |
|---|---|
| Software | €1.4B |
| Fintech | €885M |
| Healthtech | €870M |
| Marketing | €603M |
| Media | €535M |
| Transportation | €511M |
| E-commerce | €505M |
| Foodtech | €481M |
| Hardware | €459M |
| Telecom | €443M |
Capital by sector
share of equityH2 2016 — capital by sector — interactive chart.
Data table
| H2 2016 — capital by sector | |
|---|---|
| Software | €1.4B |
| Fintech | €885M |
| Healthtech | €870M |
| Marketing | €603M |
| Media | €535M |
| Transportation | €511M |
| E-commerce | €505M |
| Foodtech | €481M |
| Other | €4.0B |
Stages
Funding by stage
total euro raised by round typeH2 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €429M |
| Series A | €1.4B |
| Series B | €932M |
| Series C | €700M |
| Series D+ | €1.0B |
| Early VC | €1.0B |
| Growth/Late | €1.3B |
| Debt | €1.3B |
| Grant | €59M |
| Crowdfunding | €13M |
| Other | €126M |
Exits
Exit activity
320
exits recorded
€26B
combined disclosed value
Exits breakdown
by typeH2 2016 — exits by type — interactive chart.
Data table
| H2 2016 — exits by type | |
|---|---|
| Acquisition | 291 |
| IPO | 15 |
| Merger | 6 |
| Buyout | 5 |
| Post ipo equity | 3 |