European startup funding H1 2017
Half-year report · 2017-01-01 – 2017-06-30 · vs H2 2016
Half-year
Summary
auto-generatedIn H1 2017, 1,978 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €13B, up 96.1% versus H2 2016. Debt rounds added a further €2.1B.
Deal count moved +16.3% versus H2 2016, with 2,567 named investors participating.
UK led by equity raised with €3.6B (26.7% of equity).
Software was the most-funded sector at €3.0B in equity (22.5%).
The ten largest rounds accounted for 27.5% of disclosed capital, led by Auxmoney's €1.5B.
304 exits were recorded this half-year worth a combined €36B.
Equity funding
€13B
▲ +96.1%excl. debt & grants · +€2.1B debt
Funding rounds
1,978
▲ +16.3%Companies funded
1,881
▲ +16.1%Named investors
2,567
▲ +78.1%Exits
304
▼ -5.0%Provenance: 86% of 1,978 rounds disclosed an amount · 63% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +3.50%
Methodology →Investments
Funding within H1 2017
by monthFunding within H1 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 |
Biggest deals
top 10 by amount- 1AuxmoneyDebt · Germany · Jan 2017€1.5B
- 2ImprobableSeries B · UK · May 2017€459M
- 3Delivery HeroOther · Germany · May 2017€387M
- 4Com HemOther · Sweden · Apr 2017€384M
- 5Auto1 GroupOther · Germany · May 2017€360M
- 6FarfetchOther · UK · Jun 2017€356M
- 74financeDebt · Latvia · May 2017€298M
- 8Gryphon Group HoldingsGrowth/Late · UK · Feb 2017€209M
- 9SoundCloudSeries D+ · Germany · Mar 2017€160M
- 10LetgoSeries C · Spain · Jan 2017€159M
Concentration
top 10 deals27.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.3B
Period total
€16B
Countries
Top countries
equity raisedH1 2017 — top countries — interactive chart.
Data table
| H1 2017 — top countries | |
|---|---|
| UK | €3.6B |
| Germany | €2.2B |
| Israel | €1.7B |
| France | €1.6B |
| Sweden | €1.3B |
| Spain | €558M |
| Switzerland | €353M |
| Netherlands | €295M |
| Russia | €214M |
| Finland | €204M |
Capital by country
share of equityH1 2017 — capital by country — interactive chart.
Data table
| H1 2017 — capital by country | |
|---|---|
| UK | €3.6B |
| Germany | €2.2B |
| Israel | €1.7B |
| France | €1.6B |
| Sweden | €1.3B |
| Spain | €558M |
| Switzerland | €353M |
| Netherlands | €295M |
| Russia | €214M |
| Finland | €204M |
| Other | €1.4B |
Geographic distribution
European countries shown · click a countryH1 2017 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2017 — top sectors — interactive chart.
Data table
| H1 2017 — top sectors | |
|---|---|
| Software | €3.0B |
| Fintech | €2.9B |
| Healthtech | €1.8B |
| E-commerce | €1.1B |
| Transportation | €1.0B |
| Fashion | €808M |
| Telecom | €743M |
| Media | €733M |
| Marketing | €695M |
| Cybersecurity | €648M |
Capital by sector
share of equityH1 2017 — capital by sector — interactive chart.
Data table
| H1 2017 — capital by sector | |
|---|---|
| Software | €3.0B |
| Fintech | €2.9B |
| Healthtech | €1.8B |
| E-commerce | €1.1B |
| Transportation | €1.0B |
| Fashion | €808M |
| Telecom | €743M |
| Media | €733M |
| Other | €6.0B |
Stages
Funding by stage
total euro raised by round typeH1 2017 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €272M |
| Series A | €1.0B |
| Series B | €1.5B |
| Series C | €910M |
| Series D+ | €841M |
| Early VC | €920M |
| Growth/Late | €1.3B |
| Debt | €2.1B |
| Grant | €13M |
| Crowdfunding | €32M |
| ICO | €21M |
| Other | €6.6B |
Exits
Exit activity
304
exits recorded
€36B
combined disclosed value
Exits breakdown
by typeH1 2017 — exits by type — interactive chart.
Data table
| H1 2017 — exits by type | |
|---|---|
| Acquisition | 268 |
| IPO | 19 |
| Merger | 10 |
| ICO | 6 |
| Leveraged buyout | 1 |