European startup funding Q4 2016
Quarterly report · 2016-10-01 – 2016-12-31 · vs Q3 2016
Quarterly
Summary
auto-generatedIn Q4 2016, 904 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.5B, up 4.1% versus Q3 2016. Debt rounds added a further €491M.
Deal count moved +13.4% versus Q3 2016, with 865 named investors participating.
France led by equity raised with €840M (24.0% of equity).
Software was the most-funded sector at €697M in equity (19.9%).
The ten largest rounds accounted for 26.7% of disclosed capital, led by Payoneer's €164M.
150 exits were recorded this quarter worth a combined €2.8B.
Equity funding
€3.5B
▲ +4.1%excl. debt & grants · +€491M debt
Funding rounds
904
▲ +13.4%Companies funded
874
▲ +12.5%Named investors
865
▲ +0.8%Exits
150
▼ -11.8%Provenance: 82% of 904 rounds disclosed an amount · 49% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -1.52%
Methodology →Investments
Funding within Q4 2016
by monthFunding within Q4 2016 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Oct | €1.7B | 344 |
| Nov | €1.3B | 335 |
| Dec | €1.1B | 225 |
Biggest deals
top 10 by amount- 1PayoneerSeries D+ · Israel · Oct 2016€164M
- 2SIGFOXSeries D+ · France · Oct 2016€150M
- 3AuxmoneyDebt · Germany · Dec 2016€150M
- 4DevialetSeries C · France · Nov 2016€100M
- 5Voyager LabsGrowth/Late · Israel · Nov 2016€91M
- 6Gett (GetTaxi)Debt · Israel · Nov 2016€91M
- 7Carrick TherapeuticsSeries A · Ireland · Oct 2016€86M
- 8HelloFreshSeries D+ · Germany · Dec 2016€85M
- 9Giesecke & DevrientDebt · Germany · Dec 2016€80M
- 10SonnenbatterieSeries D+ · Germany · Oct 2016€77M
Concentration
top 10 deals26.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.1B
Period total
€4.0B
Countries
Top countries
equity raisedQ4 2016 — top countries — interactive chart.
Data table
| Q4 2016 — top countries | |
|---|---|
| France | €840M |
| Israel | €571M |
| UK | €488M |
| Germany | €406M |
| Ireland | €224M |
| Sweden | €223M |
| Russia | €131M |
| Finland | €106M |
| Switzerland | €93M |
| Spain | €84M |
Capital by country
share of equityQ4 2016 — capital by country — interactive chart.
Data table
| Q4 2016 — capital by country | |
|---|---|
| France | €840M |
| Israel | €571M |
| UK | €488M |
| Germany | €406M |
| Ireland | €224M |
| Sweden | €223M |
| Russia | €131M |
| Finland | €106M |
| Switzerland | €93M |
| Spain | €84M |
| Other | €337M |
Geographic distribution
European countries shown · click a countryQ4 2016 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2016 — top sectors — interactive chart.
Data table
| Q4 2016 — top sectors | |
|---|---|
| Software | €697M |
| Fintech | €506M |
| Healthtech | €477M |
| Hardware | €415M |
| Media | €374M |
| Transportation | €288M |
| Telecom | €252M |
| Marketing | €245M |
| Cleantech | €205M |
| Consumer | €192M |
Capital by sector
share of equityQ4 2016 — capital by sector — interactive chart.
Data table
| Q4 2016 — capital by sector | |
|---|---|
| Software | €697M |
| Fintech | €506M |
| Healthtech | €477M |
| Hardware | €415M |
| Media | €374M |
| Transportation | €288M |
| Telecom | €252M |
| Marketing | €245M |
| Other | €1.6B |
Stages
Funding by stage
total euro raised by round typeQ4 2016 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €233M |
| Series A | €646M |
| Series B | €422M |
| Series C | €416M |
| Series D+ | €517M |
| Early VC | €730M |
| Growth/Late | €466M |
| Debt | €491M |
| Grant | €32M |
| Crowdfunding | €0 |
| Other | €75M |
Exits
Exit activity
150
exits recorded
€2.8B
combined disclosed value
Exits breakdown
by typeQ4 2016 — exits by type — interactive chart.
Data table
| Q4 2016 — exits by type | |
|---|---|
| Acquisition | 137 |
| IPO | 6 |
| Buyout | 3 |
| Post ipo equity | 3 |
| Merger | 1 |