European startup funding Q3 2018
Quarterly report · 2018-07-01 – 2018-09-30 · vs Q2 2018
Quarterly
Summary
auto-generatedIn Q3 2018, 501 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.7B, up 2282.4% versus Q2 2018. Debt rounds added a further €6.0M.
Deal count moved +4910.0% versus Q2 2018, with 700 named investors participating.
UK led by equity raised with €870M (23.6% of equity).
Software was the most-funded sector at €762M in equity (20.7%).
The ten largest rounds accounted for 35.1% of disclosed capital, led by Letgo's €431M.
52 exits were recorded this quarter worth a combined €1.5B.
Equity funding
€3.7B
▲ +2282.4%excl. debt & grants · +€6.0M debt
Funding rounds
501
▲ +4910.0%Companies funded
495
▲ +4850.0%Named investors
700
▲ +6900.0%Exits
52
▼ -21.2%Provenance: 83% of 501 rounds disclosed an amount · 65% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.35%
Methodology →Investments
Funding within Q3 2018
by monthFunding within Q3 2018 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €307M | 69 |
| Aug | €1.6B | 202 |
| Sep | €1.8B | 230 |
Biggest deals
top 10 by amount- 1LetgoOther · Spain · Aug 2018€431M
- 2UiPathSeries C · Romania · Sep 2018€227M
- 3DeezerSeries D+ · France · Aug 2018€160M
- 4Desposit SolutionsOther · Germany · Aug 2018€88M
- 5OakNorthOther · UK · Sep 2018€86M
- 6EvaneosSeries D+ · France · Sep 2018€70M
- 7WayRaySeries C · Switzerland · Sep 2018€69M
- 8MeMedSeries C · Israel · Sep 2018€60M
- 9DoclyOther · France · Sep 2018€54M
- 10MoneseSeries B · UK · Sep 2018€52M
Concentration
top 10 deals35.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.3B
Period total
€3.7B
Countries
Top countries
equity raisedQ3 2018 — top countries — interactive chart.
Data table
| Q3 2018 — top countries | |
|---|---|
| UK | €870M |
| France | €636M |
| Spain | €489M |
| Germany | €389M |
| Israel | €231M |
| Romania | €227M |
| Switzerland | €197M |
| Sweden | €185M |
| Denmark | €86M |
| Norway | €54M |
Capital by country
share of equityQ3 2018 — capital by country — interactive chart.
Data table
| Q3 2018 — capital by country | |
|---|---|
| UK | €870M |
| France | €636M |
| Spain | €489M |
| Germany | €389M |
| Israel | €231M |
| Romania | €227M |
| Switzerland | €197M |
| Sweden | €185M |
| Denmark | €86M |
| Norway | €54M |
| Other | €325M |
Geographic distribution
European countries shown · click a countryQ3 2018 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ3 2018 — top sectors — interactive chart.
Data table
| Q3 2018 — top sectors | |
|---|---|
| Software | €762M |
| Fintech | €675M |
| E-commerce | €520M |
| Healthtech | €333M |
| Robotics | €289M |
| Transportation | €266M |
| AI | €237M |
| Media | €226M |
| Marketing | €186M |
| Cybersecurity | €150M |
Capital by sector
share of equityQ3 2018 — capital by sector — interactive chart.
Data table
| Q3 2018 — capital by sector | |
|---|---|
| Software | €762M |
| Fintech | €675M |
| E-commerce | €520M |
| Healthtech | €333M |
| Robotics | €289M |
| Transportation | €266M |
| AI | €237M |
| Media | €226M |
| Other | €1.5B |
Stages
Funding by stage
total euro raised by round typeQ3 2018 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €215k |
| Seed | €107M |
| Series A | €309M |
| Series B | €567M |
| Series C | €447M |
| Series D+ | €419M |
| Early VC | €3.3M |
| Growth/Late | €43M |
| Debt | €6.0M |
| Other | €1.8B |
Exits
Exit activity
52
exits recorded
€1.5B
combined disclosed value
Exits breakdown
by typeQ3 2018 — exits by type — interactive chart.
Data table
| Q3 2018 — exits by type | |
|---|---|
| Acquisition | 51 |
| Merger | 1 |