European startup funding H1 2019
Half-year report · 2019-01-01 – 2019-06-30 · vs H2 2018
Half-year
Summary
auto-generatedIn H1 2019, 1,387 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €20B, up 90.2% versus H2 2018. Debt rounds added a further €58M.
Deal count moved +15.9% versus H2 2018, with 975 named investors participating.
UK led by equity raised with €4.4B (22.2% of equity).
Fintech was the most-funded sector at €5.9B in equity (29.6%).
The ten largest rounds accounted for 23.1% of disclosed capital, led by Wirecard's €900M.
247 exits were recorded this half-year worth a combined €17B.
Equity funding
€20B
▲ +90.2%excl. debt & grants · +€58M debt
Funding rounds
1,387
▲ +15.9%Companies funded
1,382
▲ +17.9%Named investors
975
▼ -21.8%Exits
247
▲ +220.8%Provenance: 92% of 1,387 rounds disclosed an amount · 69% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +2.16%
Methodology →Investments
Funding within H1 2019
by monthFunding within H1 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 |
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
- 5NuCom GroupOther · Germany · Jan 2019€480M
- 6VeeamOther · Switzerland · Jan 2019€437M
- 7OakNorthOther · UK · Jan 2019€384M
- 8NorthvoltOther · Sweden · Apr 2019€350M
- 9LemonadeSeries D+ · Israel · Apr 2019€267M
- 10About YouOther · Germany · Jan 2019€262M
Concentration
top 10 deals23.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.6B
Period total
€20B
Countries
Top countries
equity raisedH1 2019 — top countries — interactive chart.
Data table
| H1 2019 — top countries | |
|---|---|
| UK | €4.4B |
| Germany | €4.1B |
| Israel | €2.7B |
| France | €2.1B |
| Sweden | €1.2B |
| Switzerland | €748M |
| Romania | €682M |
| Spain | €558M |
| Finland | €445M |
| Ireland | €383M |
Capital by country
share of equityH1 2019 — capital by country — interactive chart.
Data table
| H1 2019 — capital by country | |
|---|---|
| UK | €4.4B |
| Germany | €4.1B |
| Israel | €2.7B |
| France | €2.1B |
| Sweden | €1.2B |
| Switzerland | €748M |
| Romania | €682M |
| Spain | €558M |
| Finland | €445M |
| Ireland | €383M |
| Other | €2.5B |
Geographic distribution
European countries shown · click a countryH1 2019 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2019 — top sectors — interactive chart.
Data table
| H1 2019 — top sectors | |
|---|---|
| Fintech | €5.9B |
| Software | €5.5B |
| Healthtech | €2.1B |
| E-commerce | €1.5B |
| Transportation | €1.4B |
| Media | €1.2B |
| Cybersecurity | €1.1B |
| Foodtech | €1.0B |
| Consumer | €898M |
| Travel | €865M |
Capital by sector
share of equityH1 2019 — capital by sector — interactive chart.
Data table
| H1 2019 — capital by sector | |
|---|---|
| Fintech | €5.9B |
| Software | €5.5B |
| Healthtech | €2.1B |
| E-commerce | €1.5B |
| Transportation | €1.4B |
| Media | €1.2B |
| Cybersecurity | €1.1B |
| Foodtech | €1.0B |
| Other | €7.4B |
Stages
Funding by stage
total euro raised by round typeH1 2019 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €5.7M |
| Seed | €504M |
| Series A | €2.4B |
| Series B | €2.6B |
| Series C | €2.3B |
| Series D+ | €3.6B |
| Early VC | €23M |
| Growth/Late | €190M |
| Debt | €58M |
| Grant | €20M |
| ICO | €23M |
| Other | €8.2B |
Exits
Exit activity
247
exits recorded
€17B
combined disclosed value
Exits breakdown
by typeH1 2019 — exits by type — interactive chart.
Data table
| H1 2019 — exits by type | |
|---|---|
| Acquisition | 229 |
| IPO | 9 |
| Merger | 8 |
| Unknown | 1 |