European startup funding Q1 2018
Quarterly report · 2018-01-01 – 2018-03-31 · vs Q4 2017
Quarterly
Summary
auto-generatedIn Q1 2018, 1,759 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €12B, up 229.0% versus Q4 2017. Debt rounds added a further €54M.
Deal count moved +269.5% versus Q4 2017, with 2,167 named investors participating.
UK led by equity raised with €3.0B (24.3% of equity).
Software was the most-funded sector at €3.1B in equity (25.0%).
The ten largest rounds accounted for 15.6% of disclosed capital, led by Auto1's €460M.
165 exits were recorded this quarter worth a combined €25B.
Equity funding
€12B
▲ +229.0%excl. debt & grants · +€54M debt
Funding rounds
1,759
▲ +269.5%Companies funded
1,727
▲ +265.1%Named investors
2,167
▲ +225.9%Exits
165
▲ +17.0%Provenance: 86% of 1,759 rounds disclosed an amount · 65% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -5.27%
Methodology →Investments
Funding within Q1 2018
by monthFunding within Q1 2018 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €5.6B | 780 |
| Feb | €5.6B | 804 |
| Mar | €1.3B | 175 |
Biggest deals
top 10 by amount- 1Auto1Other · Germany · Jan 2018€460M
- 2OutSystemsOther · Portugal · Feb 2018€289M
- 3RevolutOther · UK · Feb 2018€201M
- 4Atom BankOther · UK · Jan 2018€168M
- 5VoodooOther · France · Feb 2018€161M
- 6TaxifyOther · Estonia · Feb 2018€140M
- 7N26Series C · Germany · Jan 2018€133M
- 8CabifyOther · Spain · Jan 2018€133M
- 9UiPathSeries B · Romania · Jan 2018€128M
- 10InsightecSeries D+ · Israel · Jan 2018€125M
Concentration
top 10 deals15.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.9B
Period total
€12B
Countries
Top countries
equity raisedQ1 2018 — top countries — interactive chart.
Data table
| Q1 2018 — top countries | |
|---|---|
| UK | €3.0B |
| France | €2.0B |
| Germany | €1.9B |
| Israel | €1.6B |
| Sweden | €571M |
| Spain | €564M |
| Portugal | €303M |
| Switzerland | €265M |
| Finland | €262M |
| Ireland | €261M |
Capital by country
share of equityQ1 2018 — capital by country — interactive chart.
Data table
| Q1 2018 — capital by country | |
|---|---|
| UK | €3.0B |
| France | €2.0B |
| Germany | €1.9B |
| Israel | €1.6B |
| Sweden | €571M |
| Spain | €564M |
| Portugal | €303M |
| Switzerland | €265M |
| Finland | €262M |
| Ireland | €261M |
| Other | €1.6B |
Geographic distribution
European countries shown · click a countryQ1 2018 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2018 — top sectors — interactive chart.
Data table
| Q1 2018 — top sectors | |
|---|---|
| Software | €3.1B |
| Fintech | €2.2B |
| Transportation | €1.6B |
| Healthtech | €1.5B |
| Cybersecurity | €821M |
| Media | €777M |
| Travel | €752M |
| Marketing | €644M |
| Foodtech | €400M |
| Consumer | €396M |
Capital by sector
share of equityQ1 2018 — capital by sector — interactive chart.
Data table
| Q1 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 | €4.7B |
Stages
Funding by stage
total euro raised by round typeQ1 2018 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €150M |
| Series A | €712M |
| Series B | €1.3B |
| Series C | €650M |
| Series D+ | €608M |
| Debt | €54M |
| ICO | €68M |
| Other | €8.9B |
Exits
Exit activity
165
exits recorded
€25B
combined disclosed value
Exits breakdown
by typeQ1 2018 — exits by type — interactive chart.
Data table
| Q1 2018 — exits by type | |
|---|---|
| Acquisition | 156 |
| IPO | 5 |
| Merger | 2 |
| ICO | 1 |
| Unknown | 1 |