European startup funding Q2 2017
Quarterly report · 2017-04-01 – 2017-06-30 · vs Q1 2017
Quarterly
Summary
auto-generatedIn Q2 2017, 1,150 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €8.8B, up 87.3% versus Q1 2017. Debt rounds added a further €301M.
Deal count moved +38.9% versus Q1 2017, with 1,524 named investors participating.
UK led by equity raised with €2.3B (26.1% of equity).
Software was the most-funded sector at €2.0B in equity (22.7%).
The ten largest rounds accounted for 30.6% of disclosed capital, led by Improbable's €459M.
149 exits were recorded this quarter worth a combined €8.9B.
Equity funding
€8.8B
▲ +87.3%excl. debt & grants · +€301M debt
Funding rounds
1,150
▲ +38.9%Companies funded
1,108
▲ +36.5%Named investors
1,524
▲ +16.5%Exits
149
▼ -3.9%Provenance: 85% of 1,150 rounds disclosed an amount · 66% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +3.26%
Methodology →Investments
Funding within Q2 2017
by monthFunding within Q2 2017 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €3.5B | 572 |
| May | €3.7B | 300 |
| Jun | €1.9B | 278 |
Biggest deals
top 10 by amount- 1ImprobableSeries B · UK · May 2017€459M
- 2Delivery HeroOther · Germany · May 2017€387M
- 3Com HemOther · Sweden · Apr 2017€384M
- 4Auto1 GroupOther · Germany · May 2017€360M
- 5FarfetchOther · UK · Jun 2017€356M
- 64financeDebt · Latvia · May 2017€298M
- 7ShowroompriveOther · France · May 2017€157M
- 8InsightecSeries D+ · Israel · Apr 2017€140M
- 9GigaclearOther · UK · May 2017€131M
- 10KreditechOther · Germany · May 2017€110M
Concentration
top 10 deals30.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.8B
Period total
€9.1B
Countries
Top countries
equity raisedQ2 2017 — top countries — interactive chart.
Data table
| Q2 2017 — top countries | |
|---|---|
| UK | €2.3B |
| Germany | €1.4B |
| Israel | €1.1B |
| Sweden | €1.1B |
| France | €1.1B |
| Spain | €258M |
| Switzerland | €253M |
| Netherlands | €161M |
| Russia | €159M |
| Finland | €139M |
Capital by country
share of equityQ2 2017 — capital by country — interactive chart.
Data table
| Q2 2017 — capital by country | |
|---|---|
| UK | €2.3B |
| Germany | €1.4B |
| Israel | €1.1B |
| Sweden | €1.1B |
| France | €1.1B |
| Spain | €258M |
| Switzerland | €253M |
| Netherlands | €161M |
| Russia | €159M |
| Finland | €139M |
| Other | €768M |
Geographic distribution
European countries shown · click a countryQ2 2017 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2017 — top sectors — interactive chart.
Data table
| Q2 2017 — top sectors | |
|---|---|
| Software | €2.0B |
| Fintech | €1.5B |
| Healthtech | €1.4B |
| Transportation | €807M |
| Fashion | €709M |
| Telecom | €702M |
| E-commerce | €680M |
| Gaming | €589M |
| Foodtech | €495M |
| Hardware | €419M |
Capital by sector
share of equityQ2 2017 — capital by sector — interactive chart.
Data table
| Q2 2017 — capital by sector | |
|---|---|
| Software | €2.0B |
| Fintech | €1.5B |
| Healthtech | €1.4B |
| Transportation | €807M |
| Fashion | €709M |
| Telecom | €702M |
| E-commerce | €680M |
| Gaming | €589M |
| Other | €3.8B |
Stages
Funding by stage
total euro raised by round typeQ2 2017 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €60M |
| Series A | €565M |
| Series B | €945M |
| Series C | €436M |
| Series D+ | €351M |
| Early VC | €102M |
| Growth/Late | €0 |
| Debt | €301M |
| Grant | €12M |
| ICO | €21M |
| Other | €6.3B |
Exits
Exit activity
149
exits recorded
€8.9B
combined disclosed value
Exits breakdown
by typeQ2 2017 — exits by type — interactive chart.
Data table
| Q2 2017 — exits by type | |
|---|---|
| Acquisition | 134 |
| Merger | 7 |
| ICO | 6 |
| IPO | 2 |