European startup funding Q3 2016
Quarterly report · 2016-07-01 – 2016-09-30 · vs Q2 2016
Quarterly
Summary
auto-generatedIn Q3 2016, 797 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.4B, down 20.7% versus Q2 2016. Debt rounds added a further €774M.
Deal count moved -7.2% versus Q2 2016, with 858 named investors participating.
UK led by equity raised with €862M (25.6% of equity).
Software was the most-funded sector at €655M in equity (19.5%).
The ten largest rounds accounted for 35.3% of disclosed capital, led by Masmovil's €481M.
170 exits were recorded this quarter worth a combined €24B.
Equity funding
€3.4B
▼ -20.7%excl. debt & grants · +€774M debt
Funding rounds
797
▼ -7.2%Companies funded
777
▼ -7.6%Named investors
858
▼ -1.5%Exits
170
▲ +1.8%Provenance: 80% of 797 rounds disclosed an amount · 41% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -1.01%
Methodology →Investments
Funding within Q3 2016
by monthFunding within Q3 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €1.4B | 242 |
| Aug | €1.5B | 225 |
| Sep | €1.2B | 330 |
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
- 5OurCrowdSeries C · Israel · Sep 2016€65M
- 6SabioGrowth/Late · UK · Jul 2016€60M
- 7DarktraceSeries C · UK · Jul 2016€58M
- 8LINKBYNETGrowth/Late · France · Jul 2016€50M
- 9Jumia (Africa Internet Group)Growth/Late · France · Jul 2016€50M
- 10KalturaSeries D+ · Israel · Aug 2016€46M
Concentration
top 10 deals35.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.5B
Period total
€4.2B
Countries
Top countries
equity raisedQ3 2016 — top countries — interactive chart.
Data table
| Q3 2016 — top countries | |
|---|---|
| UK | €862M |
| France | €703M |
| Israel | €653M |
| Germany | €392M |
| Switzerland | €128M |
| Sweden | €113M |
| Spain | €73M |
| Netherlands | €69M |
| Russia | €61M |
| Ireland | €56M |
Capital by country
share of equityQ3 2016 — capital by country — interactive chart.
Data table
| Q3 2016 — capital by country | |
|---|---|
| UK | €862M |
| France | €703M |
| Israel | €653M |
| Germany | €392M |
| Switzerland | €128M |
| Sweden | €113M |
| Spain | €73M |
| Netherlands | €69M |
| Russia | €61M |
| Ireland | €56M |
| Other | €258M |
Geographic distribution
European countries shown · click a countryQ3 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ3 2016 — top sectors — interactive chart.
Data table
| Q3 2016 — top sectors | |
|---|---|
| Software | €655M |
| Healthtech | €393M |
| Fintech | €378M |
| E-commerce | €377M |
| Marketing | €358M |
| Foodtech | €327M |
| Cloud | €313M |
| Cybersecurity | €288M |
| Transportation | €223M |
| Telecom | €191M |
Capital by sector
share of equityQ3 2016 — capital by sector — interactive chart.
Data table
| Q3 2016 — capital by sector | |
|---|---|
| Software | €655M |
| Healthtech | €393M |
| Fintech | €378M |
| E-commerce | €377M |
| Marketing | €358M |
| Foodtech | €327M |
| Cloud | €313M |
| Cybersecurity | €288M |
| Other | €1.8B |
Stages
Funding by stage
total euro raised by round typeQ3 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €196M |
| Series A | €719M |
| Series B | €510M |
| Series C | €285M |
| Series D+ | €509M |
| Early VC | €256M |
| Growth/Late | €829M |
| Debt | €774M |
| Grant | €27M |
| Crowdfunding | €13M |
| Other | €51M |
Exits
Exit activity
170
exits recorded
€24B
combined disclosed value
Exits breakdown
by typeQ3 2016 — exits by type — interactive chart.
Data table
| Q3 2016 — exits by type | |
|---|---|
| Acquisition | 154 |
| IPO | 9 |
| Merger | 5 |
| Buyout | 2 |