European startup funding Q2 2016
Quarterly report · 2016-04-01 – 2016-06-30 · vs Q1 2016
Quarterly
Summary
auto-generatedIn Q2 2016, 859 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.2B, up 15.1% versus Q1 2016. Debt rounds added a further €185M.
Deal count moved -8.2% versus Q1 2016, with 871 named investors participating.
Israel led by equity raised with €916M (21.6% of equity).
Software was the most-funded sector at €743M in equity (17.5%).
The ten largest rounds accounted for 29.7% of disclosed capital, led by Global Fashion Group's €330M.
167 exits were recorded this quarter worth a combined €19B.
Equity funding
€4.2B
▲ +15.1%excl. debt & grants · +€185M debt
Funding rounds
859
▼ -8.2%Companies funded
841
▼ -7.8%Named investors
871
▲ +38.0%Exits
167
▲ +6.4%Provenance: 86% of 859 rounds disclosed an amount · 32% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -2.23%
Methodology →Investments
Funding within Q2 2016
by monthFunding within Q2 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €1.5B | 259 |
| May | €1.7B | 295 |
| Jun | €1.2B | 305 |
Biggest deals
top 10 by amount- 1Global Fashion GroupGrowth/Late · Germany · Apr 2016€330M
- 2Gett (GetTaxi)Growth/Late · Israel · May 2016€263M
- 3Oxford Nanopore TechnologiesGrowth/Late · UK · Apr 2016€111M
- 4CabifySeries C · Spain · Apr 2016€105M
- 54financeDebt · Latvia · May 2016€100M
- 6FarfetchSeries D+ · UK · May 2016€96M
- 7LetgoSeries B · Spain · May 2016€88M
- 8SoundCloudSeries D+ · Germany · Jun 2016€87M
- 9Jumia (Africa Internet Group)Growth/Late · France · Apr 2016€75M
- 10SIRIN LabsGrowth/Late · Israel · Apr 2016€63M
Concentration
top 10 deals29.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.3B
Period total
€4.4B
Countries
Top countries
equity raisedQ2 2016 — top countries — interactive chart.
Data table
| Q2 2016 — top countries | |
|---|---|
| Israel | €916M |
| UK | €797M |
| Germany | €767M |
| France | €426M |
| Spain | €345M |
| Switzerland | €190M |
| Sweden | €159M |
| Belgium | €110M |
| Netherlands | €105M |
| Russia | €68M |
Capital by country
share of equityQ2 2016 — capital by country — interactive chart.
Data table
| Q2 2016 — capital by country | |
|---|---|
| Israel | €916M |
| UK | €797M |
| Germany | €767M |
| France | €426M |
| Spain | €345M |
| Switzerland | €190M |
| Sweden | €159M |
| Belgium | €110M |
| Netherlands | €105M |
| Russia | €68M |
| Other | €363M |
Geographic distribution
European countries shown · click a countryQ2 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2016 — top sectors — interactive chart.
Data table
| Q2 2016 — top sectors | |
|---|---|
| Software | €743M |
| Healthtech | €735M |
| E-commerce | €597M |
| Fashion | €587M |
| Transportation | €562M |
| Fintech | €497M |
| Travel | €482M |
| Media | €267M |
| Hardware | €237M |
| Cybersecurity | €197M |
Capital by sector
share of equityQ2 2016 — capital by sector — interactive chart.
Data table
| Q2 2016 — capital by sector | |
|---|---|
| Software | €743M |
| Healthtech | €735M |
| E-commerce | €597M |
| Fashion | €587M |
| Transportation | €562M |
| Fintech | €497M |
| Travel | €482M |
| Media | €267M |
| Other | €1.7B |
Stages
Funding by stage
total euro raised by round typeQ2 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €306M |
| Series A | €613M |
| Series B | €709M |
| Series C | €570M |
| Series D+ | €318M |
| Early VC | €268M |
| Growth/Late | €1.4B |
| Debt | €185M |
| Grant | €8.7M |
| Crowdfunding | €3.0M |
| Other | €70M |
Exits
Exit activity
167
exits recorded
€19B
combined disclosed value
Exits breakdown
by typeQ2 2016 — exits by type — interactive chart.
Data table
| Q2 2016 — exits by type | |
|---|---|
| Acquisition | 152 |
| Merger | 9 |
| IPO | 4 |
| Buyout | 2 |