European startup funding Q1 2017
Quarterly report · 2017-01-01 – 2017-03-31 · vs Q4 2016
Quarterly
Summary
auto-generatedIn Q1 2017, 828 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.7B, up 33.8% versus Q4 2016. Debt rounds added a further €1.8B.
Deal count moved -8.4% versus Q4 2016, with 1,308 named investors participating.
UK led by equity raised with €1.3B (27.8% of equity).
Fintech was the most-funded sector at €1.4B in equity (29.2%).
The ten largest rounds accounted for 41.1% of disclosed capital, led by Auxmoney's €1.5B.
155 exits were recorded this quarter worth a combined €27B.
Equity funding
€4.7B
▲ +33.8%excl. debt & grants · +€1.8B debt
Funding rounds
828
▼ -8.4%Companies funded
812
▼ -7.1%Named investors
1,308
▲ +51.2%Exits
155
▲ +3.3%Provenance: 87% of 828 rounds disclosed an amount · 59% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +5.15%
Methodology →Investments
Funding within Q1 2017
by monthFunding within Q1 2017 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €3.4B | 299 |
| Feb | €1.2B | 277 |
| Mar | €1.8B | 252 |
Biggest deals
top 10 by amount- 1AuxmoneyDebt · Germany · Jan 2017€1.5B
- 2Gryphon Group HoldingsGrowth/Late · UK · Feb 2017€209M
- 3SoundCloudSeries D+ · Germany · Mar 2017€160M
- 4LetgoSeries C · Spain · Jan 2017€159M
- 5TricentisSeries B · Austria · Jan 2017€150M
- 6LampenweltGrowth/Late · Germany · Mar 2017€120M
- 7Options TechnologyOther · UK · Mar 2017€94M
- 8Atom BankGrowth/Late · UK · Mar 2017€93M
- 9Funding CircleSeries D+ · UK · Jan 2017€91M
- 10KaminarioSeries D+ · Israel · Jan 2017€68M
Concentration
top 10 deals41.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.6B
Period total
€6.4B
Countries
Top countries
equity raisedQ1 2017 — top countries — interactive chart.
Data table
| Q1 2017 — top countries | |
|---|---|
| UK | €1.3B |
| Germany | €847M |
| Israel | €542M |
| France | €536M |
| Spain | €300M |
| Sweden | €221M |
| Austria | €166M |
| Netherlands | €135M |
| Switzerland | €100M |
| Ireland | €97M |
Capital by country
share of equityQ1 2017 — capital by country — interactive chart.
Data table
| Q1 2017 — capital by country | |
|---|---|
| UK | €1.3B |
| Germany | €847M |
| Israel | €542M |
| France | €536M |
| Spain | €300M |
| Sweden | €221M |
| Austria | €166M |
| Netherlands | €135M |
| Switzerland | €100M |
| Ireland | €97M |
| Other | €443M |
Geographic distribution
European countries shown · click a countryQ1 2017 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2017 — top sectors — interactive chart.
Data table
| Q1 2017 — top sectors | |
|---|---|
| Fintech | €1.4B |
| Software | €1.0B |
| Healthtech | €406M |
| Media | €389M |
| Marketing | €380M |
| E-commerce | €373M |
| Cybersecurity | €314M |
| Consumer | €268M |
| Transportation | €242M |
| Hardware | €138M |
Capital by sector
share of equityQ1 2017 — capital by sector — interactive chart.
Data table
| Q1 2017 — capital by sector | |
|---|---|
| Fintech | €1.4B |
| Software | €1.0B |
| Healthtech | €406M |
| Media | €389M |
| Marketing | €380M |
| E-commerce | €373M |
| Cybersecurity | €314M |
| Consumer | €268M |
| Other | €1.4B |
Stages
Funding by stage
total euro raised by round typeQ1 2017 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €212M |
| Series A | €483M |
| Series B | €574M |
| Series C | €474M |
| Series D+ | €490M |
| Early VC | €818M |
| Growth/Late | €1.3B |
| Debt | €1.8B |
| Grant | €0.9M |
| Crowdfunding | €32M |
| Other | €282M |
Exits
Exit activity
155
exits recorded
€27B
combined disclosed value
Exits breakdown
by typeQ1 2017 — exits by type — interactive chart.
Data table
| Q1 2017 — exits by type | |
|---|---|
| Acquisition | 134 |
| IPO | 17 |
| Merger | 3 |
| Leveraged buyout | 1 |