European startup funding H2 2017
Half-year report · 2017-07-01 – 2017-12-31 · vs H1 2017
Half-year
Summary
auto-generatedIn H2 2017, 1,357 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €11B, down 18.9% versus H1 2017.
Deal count moved -31.4% versus H1 2017, with 1,786 named investors participating.
UK led by equity raised with €3.3B (29.9% of equity).
Software was the most-funded sector at €2.2B in equity (19.7%).
The ten largest rounds accounted for 29.2% of disclosed capital, led by Roivant Sciences's €938M.
312 exits were recorded this half-year worth a combined €48B.
Equity funding
€11B
▼ -18.9%excl. debt & grants
Funding rounds
1,357
▼ -31.4%Companies funded
1,315
▼ -30.1%Named investors
1,786
▼ -30.4%Exits
312
▲ +2.6%Provenance: 88% of 1,357 rounds disclosed an amount · 61% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -4.64%
Methodology →Investments
Funding within H2 2017
by monthFunding within H2 2017 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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- 1Roivant SciencesGrowth/Late · Switzerland · Aug 2017€938M
- 2Delivery HeroOther · Germany · Aug 2017€656M
- 3DeliverooSeries D+ · UK · Aug 2017€328M
- 4TruphoneOther · UK · Oct 2017€289M
- 5WiseSeries D+ · Estonia · Nov 2017€241M
- 6ViaOther · Israel · Sep 2017€213M
- 7OakNorthOther · UK · Oct 2017€172M
- 8Skybox SecurityOther · Israel · Oct 2017€127M
- 9NeyberOther · UK · Sep 2017€125M
- 10OakNorthOther · UK · Nov 2017€101M
Concentration
top 10 deals29.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.2B
Period total
€11B
Countries
Top countries
equity raisedH2 2017 — top countries — interactive chart.
Data table
| H2 2017 — top countries | |
|---|---|
| UK | €3.3B |
| Germany | €1.5B |
| Israel | €1.5B |
| France | €1.2B |
| Switzerland | €1.1B |
| Sweden | €345M |
| Estonia | €297M |
| Spain | €267M |
| Finland | €172M |
| Norway | €155M |
Capital by country
share of equityH2 2017 — capital by country — interactive chart.
Data table
| H2 2017 — capital by country | |
|---|---|
| UK | €3.3B |
| Germany | €1.5B |
| Israel | €1.5B |
| France | €1.2B |
| Switzerland | €1.1B |
| Sweden | €345M |
| Estonia | €297M |
| Spain | €267M |
| Finland | €172M |
| Norway | €155M |
| Other | €1.1B |
Geographic distribution
European countries shown · click a countryH2 2017 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH2 2017 — top sectors — interactive chart.
Data table
| H2 2017 — top sectors | |
|---|---|
| Software | €2.2B |
| Fintech | €2.1B |
| Healthtech | €1.7B |
| E-commerce | €1.4B |
| Foodtech | €1.2B |
| Transportation | €921M |
| Hardware | €724M |
| Cybersecurity | €640M |
| Telecom | €498M |
| Marketing | €416M |
Capital by sector
share of equityH2 2017 — capital by sector — interactive chart.
Data table
| H2 2017 — capital by sector | |
|---|---|
| Software | €2.2B |
| Fintech | €2.1B |
| Healthtech | €1.7B |
| E-commerce | €1.4B |
| Foodtech | €1.2B |
| Transportation | €921M |
| Hardware | €724M |
| Cybersecurity | €640M |
| Other | €4.1B |
Stages
Funding by stage
total euro raised by round typeH2 2017 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €276M |
| Series A | €920M |
| Series B | €1.2B |
| Series C | €530M |
| Series D+ | €1.4B |
| Early VC | €41M |
| Growth/Late | €938M |
| Grant | €1.6M |
| ICO | €169M |
| Other | €5.4B |
Exits
Exit activity
312
exits recorded
€48B
combined disclosed value
Exits breakdown
by typeH2 2017 — exits by type — interactive chart.
Data table
| H2 2017 — exits by type | |
|---|---|
| Acquisition | 264 |
| IPO | 23 |
| ICO | 16 |
| Merger | 7 |
| Pre-ico | 2 |