European startup funding H2 2019
Half-year report · 2019-07-01 – 2019-12-31 · vs H1 2019
Half-year
Summary
auto-generatedIn H2 2019, 1,303 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €17B, down 13.9% versus H1 2019. Debt rounds added a further €3.6M.
Deal count moved -6.1% versus H1 2019, with 824 named investors participating.
UK led by equity raised with €4.5B (26.1% of equity).
Software was the most-funded sector at €4.6B in equity (26.7%).
The ten largest rounds accounted for 20.7% of disclosed capital, led by Babylon's €483M.
119 exits were recorded this half-year worth a combined €7.6B.
Equity funding
€17B
▼ -13.9%excl. debt & grants · +€3.6M debt
Funding rounds
1,303
▼ -6.1%Companies funded
1,284
▼ -7.1%Named investors
824
▼ -15.5%Exits
119
▼ -51.8%Provenance: 89% of 1,303 rounds disclosed an amount · 75% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +4.34%
Methodology →Investments
Funding within H2 2019
by monthFunding within H2 2019 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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- 1BabylonOther · UK · Jul 2019€483M
- 2FlixMobilitySeries D+ · Germany · Jul 2019€467M
- 3KlarnaOther · Sweden · Jul 2019€405M
- 4ironSourceOther · Israel · Jul 2019€395M
- 5Frontier Car GroupSeries D+ · Sweden · Oct 2019€367M
- 6SumUpOther · UK · Jul 2019€330M
- 7CompassSeries D+ · Israel · Jul 2019€325M
- 8CelonisSeries C · Germany · Oct 2019€266M
- 9PicnicSeries C · Netherlands · Oct 2019€250M
- 10HasteeSeries A · UK · Oct 2019€248M
Concentration
top 10 deals20.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.5B
Period total
€17B
Countries
Top countries
equity raisedH2 2019 — top countries — interactive chart.
Data table
| H2 2019 — top countries | |
|---|---|
| UK | €4.5B |
| Israel | €3.2B |
| Germany | €2.9B |
| Sweden | €1.3B |
| France | €1.2B |
| Switzerland | €699M |
| Spain | €694M |
| Netherlands | €618M |
| Ireland | €425M |
| Belgium | €294M |
Capital by country
share of equityH2 2019 — capital by country — interactive chart.
Data table
| H2 2019 — capital by country | |
|---|---|
| UK | €4.5B |
| Israel | €3.2B |
| Germany | €2.9B |
| Sweden | €1.3B |
| France | €1.2B |
| Switzerland | €699M |
| Spain | €694M |
| Netherlands | €618M |
| Ireland | €425M |
| Belgium | €294M |
| Other | €1.3B |
Geographic distribution
European countries shown · click a countryH2 2019 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH2 2019 — top sectors — interactive chart.
Data table
| H2 2019 — top sectors | |
|---|---|
| Software | €4.6B |
| Fintech | €3.8B |
| Transportation | €2.0B |
| Healthtech | €2.0B |
| Cybersecurity | €1.1B |
| Marketing | €694M |
| Proptech | €609M |
| HRtech | €601M |
| E-commerce | €526M |
| Fashion | €444M |
Capital by sector
share of equityH2 2019 — capital by sector — interactive chart.
Data table
| H2 2019 — capital by sector | |
|---|---|
| Software | €4.6B |
| Fintech | €3.8B |
| Transportation | €2.0B |
| Healthtech | €2.0B |
| Cybersecurity | €1.1B |
| Marketing | €694M |
| Proptech | €609M |
| HRtech | €601M |
| Other | €4.9B |
Stages
Funding by stage
total euro raised by round typeH2 2019 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €15M |
| Seed | €625M |
| Series A | €2.4B |
| Series B | €2.7B |
| Series C | €2.5B |
| Series D+ | €2.7B |
| Early VC | €119M |
| Debt | €3.6M |
| Grant | €15M |
| Other | €6.1B |
Exits
Exit activity
119
exits recorded
€7.6B
combined disclosed value
Exits breakdown
by typeH2 2019 — exits by type — interactive chart.
Data table
| H2 2019 — exits by type | |
|---|---|
| Acquisition | 116 |
| Merger | 2 |
| IPO | 1 |