European startup funding 2019
Annual report · 2019-01-01 – 2019-12-31 · vs 2018
Annual
Summary
auto-generatedIn 2019, 2,690 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €37B, up 60.9% versus 2018. Debt rounds added a further €62M.
Deal count moved -9.3% versus 2018, with 1,561 named investors participating.
UK led by equity raised with €8.9B (24.0% of equity).
Software was the most-funded sector at €10B in equity (27.3%).
The ten largest rounds accounted for 13.7% of disclosed capital, led by Wirecard's €900M.
366 exits were recorded this year worth a combined €25B.
Equity funding
€37B
▲ +60.9%excl. debt & grants · +€62M debt
Funding rounds
2,690
▼ -9.3%Companies funded
2,592
▼ -8.5%Named investors
1,561
▼ -49.0%Exits
366
▲ +18.8%Provenance: 90% of 2,690 rounds disclosed an amount · 72% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +3.20%
Methodology →Investments
Funding within 2019
by monthFunding within 2019 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €8.6B | 652 |
| Feb | €13M | 2 |
| Mar | €1.0M | 1 |
| Apr | €11B | 728 |
| May | €228M | 3 |
| Jun | €15M | 1 |
| Jul | €6.9B | 325 |
| Aug | €37M | 2 |
| Sep | €18M | 2 |
| Oct | €10B | 958 |
| Nov | €1.3M | 1 |
| Dec | €73M | 15 |
Biggest deals
top 10 by amount- 1WirecardOther · Germany · Apr 2019€900M
- 2DeliverooSeries D+ · UK · Apr 2019€515M
- 3UiPathSeries D+ · Romania · Apr 2019€506M
- 4GetYourGuideOther · Germany · Apr 2019€500M
- 5BabylonOther · UK · Jul 2019€483M
- 6NuCom GroupOther · Germany · Jan 2019€480M
- 7FlixMobilitySeries D+ · Germany · Jul 2019€467M
- 8VeeamOther · Switzerland · Jan 2019€437M
- 9KlarnaOther · Sweden · Jul 2019€405M
- 10ironSourceOther · Israel · Jul 2019€395M
Concentration
top 10 deals13.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€5.1B
Period total
€37B
Countries
Top countries
equity raised2019 — top countries — interactive chart.
Data table
| 2019 — top countries | |
|---|---|
| UK | €8.9B |
| Germany | €7.1B |
| Israel | €6.0B |
| France | €3.3B |
| Sweden | €2.5B |
| Switzerland | €1.4B |
| Spain | €1.3B |
| Netherlands | €1.0B |
| Ireland | €808M |
| Romania | €684M |
Capital by country
share of equity2019 — capital by country — interactive chart.
Data table
| 2019 — capital by country | |
|---|---|
| UK | €8.9B |
| Germany | €7.1B |
| Israel | €6.0B |
| France | €3.3B |
| Sweden | €2.5B |
| Switzerland | €1.4B |
| Spain | €1.3B |
| Netherlands | €1.0B |
| Ireland | €808M |
| Romania | €684M |
| Other | €4.2B |
Geographic distribution
European countries shown · click a country2019 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2019 — top sectors — interactive chart.
Data table
| 2019 — top sectors | |
|---|---|
| Software | €10B |
| Fintech | €9.7B |
| Healthtech | €4.1B |
| Transportation | €3.4B |
| Cybersecurity | €2.2B |
| E-commerce | €2.0B |
| Media | €1.6B |
| Marketing | €1.5B |
| Foodtech | €1.3B |
| Travel | €1.2B |
Capital by sector
share of equity2019 — capital by sector — interactive chart.
Data table
| 2019 — capital by sector | |
|---|---|
| Software | €10B |
| Fintech | €9.7B |
| Healthtech | €4.1B |
| Transportation | €3.4B |
| Cybersecurity | €2.2B |
| E-commerce | €2.0B |
| Media | €1.6B |
| Marketing | €1.5B |
| Other | €13B |
Stages
Funding by stage
total euro raised by round type2019 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €21M |
| Seed | €1.1B |
| Series A | €4.8B |
| Series B | €5.3B |
| Series C | €4.8B |
| Series D+ | €6.2B |
| Early VC | €143M |
| Growth/Late | €190M |
| Debt | €62M |
| Grant | €35M |
| ICO | €23M |
| Other | €14B |
Exits
Exit activity
366
exits recorded
€25B
combined disclosed value
Exits breakdown
by type2019 — exits by type — interactive chart.
Data table
| 2019 — exits by type | |
|---|---|
| Acquisition | 345 |
| IPO | 10 |
| Merger | 10 |
| Unknown | 1 |