European startup funding Q4 2017
Quarterly report · 2017-10-01 – 2017-12-31 · vs Q3 2017
Quarterly
Summary
auto-generatedIn Q4 2017, 476 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.8B, down 47.5% versus Q3 2017.
Deal count moved -46.0% versus Q3 2017, with 665 named investors participating.
UK led by equity raised with €1.4B (36.5% of equity).
Fintech was the most-funded sector at €1.2B in equity (31.7%).
The ten largest rounds accounted for 36.0% of disclosed capital, led by Truphone's €289M.
141 exits were recorded this quarter worth a combined €43B.
Equity funding
€3.8B
▼ -47.5%excl. debt & grants
Funding rounds
476
▼ -46.0%Companies funded
473
▼ -45.0%Named investors
665
▼ -48.0%Exits
141
▼ -17.5%Provenance: 88% of 476 rounds disclosed an amount · 64% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -3.04%
Methodology →Investments
Funding within Q4 2017
by monthFunding within Q4 2017 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Oct | €2.3B | 314 |
| Nov | €1.3B | 156 |
| Dec | €91M | 6 |
Biggest deals
top 10 by amount- 1TruphoneOther · UK · Oct 2017€289M
- 2WiseSeries D+ · Estonia · Nov 2017€241M
- 3OakNorthOther · UK · Oct 2017€172M
- 4Skybox SecurityOther · Israel · Oct 2017€127M
- 5OakNorthOther · UK · Nov 2017€101M
- 6Secret EscapesSeries D+ · UK · Oct 2017€93M
- 7DeliverooOther · UK · Nov 2017€85M
- 8BankeraICO · Lithuania · Nov 2017€84M
- 9INFINIDATSeries C · Israel · Oct 2017€81M
- 10MonzoSeries D+ · UK · Nov 2017€81M
Concentration
top 10 deals36.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.4B
Period total
€3.8B
Countries
Top countries
equity raisedQ4 2017 — top countries — interactive chart.
Data table
| Q4 2017 — top countries | |
|---|---|
| UK | €1.4B |
| Israel | €464M |
| Germany | €408M |
| France | €392M |
| Estonia | €293M |
| Spain | €142M |
| Sweden | €135M |
| Netherlands | €100M |
| Lithuania | €86M |
| Switzerland | €77M |
Capital by country
share of equityQ4 2017 — capital by country — interactive chart.
Data table
| Q4 2017 — capital by country | |
|---|---|
| UK | €1.4B |
| Israel | €464M |
| Germany | €408M |
| France | €392M |
| Estonia | €293M |
| Spain | €142M |
| Sweden | €135M |
| Netherlands | €100M |
| Lithuania | €86M |
| Switzerland | €77M |
| Other | €292M |
Geographic distribution
European countries shown · click a countryQ4 2017 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2017 — top sectors — interactive chart.
Data table
| Q4 2017 — top sectors | |
|---|---|
| Fintech | €1.2B |
| Software | €890M |
| Hardware | €423M |
| Telecom | €305M |
| E-commerce | €298M |
| Cybersecurity | €253M |
| Healthtech | €245M |
| Travel | €233M |
| Transportation | €189M |
| Media | €183M |
Capital by sector
share of equityQ4 2017 — capital by sector — interactive chart.
Data table
| Q4 2017 — capital by sector | |
|---|---|
| Fintech | €1.2B |
| Software | €890M |
| Hardware | €423M |
| Telecom | €305M |
| E-commerce | €298M |
| Cybersecurity | €253M |
| Healthtech | €245M |
| Travel | €233M |
| Other | €1.3B |
Stages
Funding by stage
total euro raised by round typeQ4 2017 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €63M |
| Series A | €256M |
| Series B | €402M |
| Series C | €140M |
| Series D+ | €568M |
| Early VC | €4.7M |
| Grant | €50k |
| ICO | €169M |
| Other | €2.2B |
Exits
Exit activity
141
exits recorded
€43B
combined disclosed value
Exits breakdown
by typeQ4 2017 — exits by type — interactive chart.
Data table
| Q4 2017 — exits by type | |
|---|---|
| Acquisition | 126 |
| IPO | 11 |
| ICO | 2 |
| Pre-ico | 1 |
| Merger | 1 |