European startup funding Dec 2018
Monthly report · 2018-12-01 – 2018-12-31 · vs Nov 2018
Monthly
Summary
auto-generatedIn Dec 2018, 227 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €2.0B, down 27.5% versus Nov 2018. Debt rounds added a further €30M.
Deal count moved +0.9% versus Nov 2018, with 207 named investors participating.
UK led by equity raised with €493M (25.0% of equity).
Software was the most-funded sector at €909M in equity (46.1%).
The ten largest rounds accounted for 34.7% of disclosed capital, led by Graphcore's €176M.
14 exits were recorded this month worth a combined €396M.
Equity funding
€2.0B
▼ -27.5%excl. debt & grants · +€30M debt
Funding rounds
227
▲ +0.9%Companies funded
224
▲ +0.0%Named investors
207
▲ +9.5%Exits
14
▲ +27.3%Provenance: 91% of 227 rounds disclosed an amount · 56% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.63%
Methodology →Investments
Funding within Dec 2018
by dayFunding within Dec 2018 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €52M | 5 |
| 02 | €43M | 5 |
| 03 | €78M | 12 |
| 04 | €128M | 16 |
| 05 | €180M | 11 |
| 06 | €68M | 8 |
| 07 | €32M | 7 |
| 08 | €0 | 0 |
| 09 | €13M | 2 |
| 10 | €69M | 8 |
| 11 | €79M | 12 |
| 12 | €195M | 13 |
| 13 | €118M | 11 |
| 14 | €173M | 10 |
| 15 | €3.1M | 3 |
| 16 | €1.0M | 1 |
| 17 | €82M | 14 |
| 18 | €336M | 19 |
| 19 | €91M | 12 |
| 20 | €25M | 17 |
| 21 | €53M | 23 |
| 22 | €5.9M | 2 |
| 23 | €48M | 5 |
| 24 | €8.0M | 1 |
| 25 | €0 | 0 |
| 26 | €6.7M | 5 |
| 27 | €115M | 4 |
| 28 | €168k | 1 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1GraphcoreSeries D+ · UK · Dec 2018€176M
- 2CityBeeOther · Lithuania · Dec 2018€110M
- 3Vostok ProjectSeries A · Russia · Dec 2018€105M
- 4NexthinkSeries C · Switzerland · Dec 2018€85M
- 5FreeleticsSeries A · Germany · Dec 2018€39M
- 6UltrahapticsSeries C · UK · Dec 2018€39M
- 7EgressSeries C · UK · Dec 2018€35M
- 8FinalcadSeries C · France · Dec 2018€35M
- 9OptibusSeries B · Israel · Dec 2018€35M
- 10CazooSeed · UK · Dec 2018€34M
Concentration
top 10 deals34.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€695M
Period total
€2.0B
Countries
Top countries
equity raisedDec 2018 — top countries — interactive chart.
Data table
| Dec 2018 — top countries | |
|---|---|
| UK | €493M |
| France | €298M |
| Israel | €251M |
| Germany | €241M |
| Switzerland | €123M |
| Lithuania | €110M |
| Russia | €106M |
| Netherlands | €95M |
| Ireland | €68M |
| Sweden | €57M |
Capital by country
share of equityDec 2018 — capital by country — interactive chart.
Data table
| Dec 2018 — capital by country | |
|---|---|
| UK | €493M |
| France | €298M |
| Israel | €251M |
| Germany | €241M |
| Switzerland | €123M |
| Lithuania | €110M |
| Russia | €106M |
| Netherlands | €95M |
| Ireland | €68M |
| Sweden | €57M |
| Other | €129M |
Geographic distribution
European countries shown · click a countryDec 2018 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedDec 2018 — top sectors — interactive chart.
Data table
| Dec 2018 — top sectors | |
|---|---|
| Software | €909M |
| Transportation | €265M |
| Healthtech | €250M |
| Semiconductors | €232M |
| Fintech | €150M |
| Media | €109M |
| Marketing | €106M |
| Cybersecurity | €53M |
| Sports | €51M |
| Proptech | €47M |
Capital by sector
share of equityDec 2018 — capital by sector — interactive chart.
Data table
| Dec 2018 — capital by sector | |
|---|---|
| Software | €909M |
| Transportation | €265M |
| Healthtech | €250M |
| Semiconductors | €232M |
| Fintech | €150M |
| Media | €109M |
| Marketing | €106M |
| Cybersecurity | €53M |
| Other | €483M |
Stages
Funding by stage
total euro raised by round typeDec 2018 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €133M |
| Series A | €328M |
| Series B | €281M |
| Series C | €363M |
| Series D+ | €208M |
| Debt | €30M |
| Other | €659M |
Exits
Exit activity
14
exits recorded
€396M
combined disclosed value
Exits breakdown
by typeDec 2018 — exits by type — interactive chart.
Data table
| Dec 2018 — exits by type | |
|---|---|
| Acquisition | 13 |
| Merger | 1 |