European startup funding Q1 2016
Quarterly report · 2016-01-01 – 2016-03-31 · vs Q4 2015
Quarterly
Summary
auto-generatedIn Q1 2016, 936 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.7B, down 4.8% versus Q4 2015. Debt rounds added a further €1.1B.
Deal count moved +26.8% versus Q4 2015, with 631 named investors participating.
UK led by equity raised with €1.1B (28.6% of equity).
Software was the most-funded sector at €788M in equity (21.4%).
The ten largest rounds accounted for 41.1% of disclosed capital, led by Spotify's €918M.
157 exits were recorded this quarter worth a combined €51B.
Equity funding
€3.7B
▼ -4.8%excl. debt & grants · +€1.1B debt
Funding rounds
936
▲ +26.8%Companies funded
912
▲ +24.9%Named investors
631
▲ +1.0%Exits
157
▼ -10.3%Provenance: 81% of 936 rounds disclosed an amount · 25% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +2.47%
Methodology →Investments
Funding within Q1 2016
by monthFunding within Q1 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €1.5B | 321 |
| Feb | €940M | 300 |
| Mar | €2.3B | 315 |
Biggest deals
top 10 by amount- 1SpotifyDebt · Sweden · Mar 2016€918M
- 2Jumia (Africa Internet Group)Growth/Late · France · Mar 2016€300M
- 3SkyscannerSeries C · UK · Jan 2016€174M
- 4Cool BlueSeries D+ · Netherlands · Mar 2016€140M
- 5DeezerSeries D+ · France · Jan 2016€100M
- 6MindMazeGrowth/Late · Switzerland · Feb 2016€92M
- 7Starling BankSeries A · UK · Jan 2016€65M
- 8WISeKeyGrowth/Late · Switzerland · Jan 2016€55M
- 9Student.comSeries C · UK · Feb 2016€55M
- 10BlipparSeries D+ · UK · Mar 2016€50M
Concentration
top 10 deals41.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.9B
Period total
€4.7B
Countries
Top countries
equity raisedQ1 2016 — top countries — interactive chart.
Data table
| Q1 2016 — top countries | |
|---|---|
| UK | €1.1B |
| France | €717M |
| Israel | €515M |
| Germany | €296M |
| Switzerland | €228M |
| Netherlands | €206M |
| Sweden | €146M |
| Finland | €72M |
| Spain | €63M |
| Denmark | €59M |
Capital by country
share of equityQ1 2016 — capital by country — interactive chart.
Data table
| Q1 2016 — capital by country | |
|---|---|
| UK | €1.1B |
| France | €717M |
| Israel | €515M |
| Germany | €296M |
| Switzerland | €228M |
| Netherlands | €206M |
| Sweden | €146M |
| Finland | €72M |
| Spain | €63M |
| Denmark | €59M |
| Other | €331M |
Geographic distribution
European countries shown · click a countryQ1 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2016 — top sectors — interactive chart.
Data table
| Q1 2016 — top sectors | |
|---|---|
| Software | €788M |
| Fintech | €526M |
| E-commerce | €376M |
| Foodtech | €369M |
| Fashion | €337M |
| Marketing | €336M |
| Healthtech | €317M |
| Media | €295M |
| Travel | €267M |
| Cybersecurity | €242M |
Capital by sector
share of equityQ1 2016 — capital by sector — interactive chart.
Data table
| Q1 2016 — capital by sector | |
|---|---|
| Software | €788M |
| Fintech | €526M |
| E-commerce | €376M |
| Foodtech | €369M |
| Fashion | €337M |
| Marketing | €336M |
| Healthtech | €317M |
| Media | €295M |
| Other | €2.0B |
Stages
Funding by stage
total euro raised by round typeQ1 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €367M |
| Series A | €554M |
| Series B | €577M |
| Series C | €567M |
| Series D+ | €423M |
| Early VC | €281M |
| Growth/Late | €885M |
| Debt | €1.1B |
| Grant | €3.9M |
| Other | €34M |
Exits
Exit activity
157
exits recorded
€51B
combined disclosed value
Exits breakdown
by typeQ1 2016 — exits by type — interactive chart.
Data table
| Q1 2016 — exits by type | |
|---|---|
| Acquisition | 133 |
| Merger | 11 |
| IPO | 10 |
| Buyout | 3 |