European startup funding H1 2018
Half-year report · 2018-01-01 – 2018-06-30 · vs H2 2017
Half-year
Summary
auto-generatedIn H1 2018, 1,769 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €13B, up 14.6% versus H2 2017. Debt rounds added a further €277M.
Deal count moved +30.4% versus H2 2017, with 2,175 named investors participating.
UK led by equity raised with €3.0B (24.0% of equity).
Software was the most-funded sector at €3.1B in equity (24.7%).
The ten largest rounds accounted for 15.9% of disclosed capital, led by Auto1's €460M.
231 exits were recorded this half-year worth a combined €34B.
Equity funding
€13B
▲ +14.6%excl. debt & grants · +€277M debt
Funding rounds
1,769
▲ +30.4%Companies funded
1,737
▲ +32.1%Named investors
2,175
▲ +21.8%Exits
231
▼ -26.0%Provenance: 86% of 1,769 rounds disclosed an amount · 64% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -4.92%
Methodology →Investments
Funding within H1 2018
by monthFunding within H1 2018 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €5.6B | 780 |
| Feb | €5.6B | 804 |
| Mar | €1.3B | 175 |
| Apr | €323M | 2 |
| May | €21M | 3 |
| Jun | €34M | 5 |
Biggest deals
top 10 by amount- 1Auto1Other · Germany · Jan 2018€460M
- 2OutSystemsOther · Portugal · Feb 2018€289M
- 3INEADebt · Poland · Apr 2018€223M
- 4RevolutOther · UK · Feb 2018€201M
- 5Atom BankOther · UK · Jan 2018€168M
- 6VoodooOther · France · Feb 2018€161M
- 7TaxifyOther · Estonia · Feb 2018€140M
- 8CabifyOther · Spain · Jan 2018€133M
- 9N26Series C · Germany · Jan 2018€133M
- 10UiPathSeries B · Romania · Jan 2018€128M
Concentration
top 10 deals15.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.0B
Period total
€13B
Countries
Top countries
equity raisedH1 2018 — top countries — interactive chart.
Data table
| H1 2018 — top countries | |
|---|---|
| UK | €3.0B |
| France | €2.0B |
| Germany | €1.9B |
| Israel | €1.6B |
| Sweden | €571M |
| Spain | €564M |
| Netherlands | €309M |
| Portugal | €303M |
| Switzerland | €265M |
| Estonia | €263M |
Capital by country
share of equityH1 2018 — capital by country — interactive chart.
Data table
| H1 2018 — capital by country | |
|---|---|
| UK | €3.0B |
| France | €2.0B |
| Germany | €1.9B |
| Israel | €1.6B |
| Sweden | €571M |
| Spain | €564M |
| Netherlands | €309M |
| Portugal | €303M |
| Switzerland | €265M |
| Estonia | €263M |
| Other | €1.7B |
Geographic distribution
European countries shown · click a countryH1 2018 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2018 — top sectors — interactive chart.
Data table
| H1 2018 — top sectors | |
|---|---|
| Software | €3.1B |
| Fintech | €2.2B |
| Transportation | €1.6B |
| Healthtech | €1.5B |
| Cybersecurity | €821M |
| Media | €777M |
| Travel | €752M |
| Marketing | €644M |
| E-commerce | €453M |
| Foodtech | €409M |
Capital by sector
share of equityH1 2018 — capital by sector — interactive chart.
Data table
| H1 2018 — capital by sector | |
|---|---|
| Software | €3.1B |
| Fintech | €2.2B |
| Transportation | €1.6B |
| Healthtech | €1.5B |
| Cybersecurity | €821M |
| Media | €777M |
| Travel | €752M |
| Marketing | €644M |
| Other | €4.8B |
Stages
Funding by stage
total euro raised by round typeH1 2018 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €171M |
| Series A | €712M |
| Series B | €1.4B |
| Series C | €650M |
| Series D+ | €608M |
| Early VC | €9.0M |
| Debt | €277M |
| Grant | €0 |
| ICO | €68M |
| Other | €8.9B |
Exits
Exit activity
231
exits recorded
€34B
combined disclosed value
Exits breakdown
by typeH1 2018 — exits by type — interactive chart.
Data table
| H1 2018 — exits by type | |
|---|---|
| Acquisition | 215 |
| IPO | 8 |
| Unknown | 5 |
| Merger | 2 |
| ICO | 1 |