European startup funding 2017
Annual report · 2017-01-01 – 2017-12-31 · vs 2016
Annual
Summary
auto-generatedIn 2017, 3,335 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €24B, up 64.8% versus 2016. Debt rounds added a further €2.1B.
Deal count moved -4.6% versus 2016, with 3,907 named investors participating.
UK led by equity raised with €6.9B (28.1% of equity).
Software was the most-funded sector at €5.2B in equity (21.2%).
The ten largest rounds accounted for 21.4% of disclosed capital, led by Auxmoney's €1.5B.
616 exits were recorded this year worth a combined €83B.
Equity funding
€24B
▲ +64.8%excl. debt & grants · +€2.1B debt
Funding rounds
3,335
▼ -4.6%Companies funded
3,095
▼ -2.8%Named investors
3,907
▲ +83.5%Exits
616
▼ -4.3%Provenance: 87% of 3,335 rounds disclosed an amount · 62% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -1.24%
Methodology →Investments
Funding within 2017
by monthFunding within 2017 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €3.4B | 299 |
| Feb | €1.2B | 277 |
| Mar | €1.8B | 252 |
| Apr | €3.5B | 572 |
| May | €3.7B | 300 |
| Jun | €1.9B | 278 |
| Jul | €1.9B | 306 |
| Aug | €2.8B | 242 |
| Sep | €2.4B | 333 |
| Oct | €2.3B | 314 |
| Nov | €1.3B | 156 |
| Dec | €91M | 6 |
Biggest deals
top 10 by amount- 1AuxmoneyDebt · Germany · Jan 2017€1.5B
- 2Roivant SciencesGrowth/Late · Switzerland · Aug 2017€938M
- 3Delivery HeroOther · Germany · Aug 2017€656M
- 4ImprobableSeries B · UK · May 2017€459M
- 5Delivery HeroOther · Germany · May 2017€387M
- 6Com HemOther · Sweden · Apr 2017€384M
- 7Auto1 GroupOther · Germany · May 2017€360M
- 8FarfetchOther · UK · Jun 2017€356M
- 9DeliverooSeries D+ · UK · Aug 2017€328M
- 104financeDebt · Latvia · May 2017€298M
Concentration
top 10 deals21.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€5.7B
Period total
€26B
Countries
Top countries
equity raised2017 — top countries — interactive chart.
Data table
| 2017 — top countries | |
|---|---|
| UK | €6.9B |
| Germany | €3.7B |
| Israel | €3.2B |
| France | €2.8B |
| Sweden | €1.7B |
| Switzerland | €1.5B |
| Spain | €825M |
| Netherlands | €448M |
| Finland | €375M |
| Estonia | €368M |
Capital by country
share of equity2017 — capital by country — interactive chart.
Data table
| 2017 — capital by country | |
|---|---|
| UK | €6.9B |
| Germany | €3.7B |
| Israel | €3.2B |
| France | €2.8B |
| Sweden | €1.7B |
| Switzerland | €1.5B |
| Spain | €825M |
| Netherlands | €448M |
| Finland | €375M |
| Estonia | €368M |
| Other | €2.6B |
Geographic distribution
European countries shown · click a country2017 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2017 — top sectors — interactive chart.
Data table
| 2017 — top sectors | |
|---|---|
| Software | €5.2B |
| Fintech | €5.0B |
| Healthtech | €3.5B |
| E-commerce | €2.5B |
| Transportation | €2.0B |
| Foodtech | €1.8B |
| Cybersecurity | €1.3B |
| Hardware | €1.3B |
| Telecom | €1.2B |
| Media | €1.1B |
Capital by sector
share of equity2017 — capital by sector — interactive chart.
Data table
| 2017 — capital by sector | |
|---|---|
| Software | €5.2B |
| Fintech | €5.0B |
| Healthtech | €3.5B |
| E-commerce | €2.5B |
| Transportation | €2.0B |
| Foodtech | €1.8B |
| Cybersecurity | €1.3B |
| Hardware | €1.3B |
| Other | €11B |
Stages
Funding by stage
total euro raised by round type2017 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €548M |
| Series A | €2.0B |
| Series B | €2.7B |
| Series C | €1.4B |
| Series D+ | €2.3B |
| Early VC | €1.0B |
| Growth/Late | €2.3B |
| Debt | €2.1B |
| Grant | €15M |
| Crowdfunding | €32M |
| ICO | €190M |
| Other | €12B |
Exits
Exit activity
616
exits recorded
€83B
combined disclosed value
Exits breakdown
by type2017 — exits by type — interactive chart.
Data table
| 2017 — exits by type | |
|---|---|
| Acquisition | 532 |
| IPO | 42 |
| ICO | 22 |
| Merger | 17 |
| Pre-ico | 2 |
| Leveraged buyout | 1 |