European startup funding Q1 2019
Quarterly report · 2019-01-01 – 2019-03-31 · vs Q4 2018
Quarterly
Summary
auto-generatedIn Q1 2019, 655 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €8.7B, up 28.1% versus Q4 2018.
Deal count moved -5.9% versus Q4 2018, with 607 named investors participating.
UK led by equity raised with €2.0B (23.2% of equity).
Software was the most-funded sector at €2.6B in equity (30.3%).
The ten largest rounds accounted for 30.6% of disclosed capital, led by NuCom Group's €480M.
156 exits were recorded this quarter worth a combined €15B.
Equity funding
€8.7B
▲ +28.1%excl. debt & grants
Funding rounds
655
▼ -5.9%Companies funded
655
▼ -4.2%Named investors
607
▼ -8.9%Exits
156
▲ +524.0%Provenance: 93% of 655 rounds disclosed an amount · 68% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.11%
Methodology →Investments
Funding within Q1 2019
by monthFunding within Q1 2019 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €8.6B | 652 |
| Feb | €13M | 2 |
| Mar | €1.0M | 1 |
Biggest deals
top 10 by amount- 1NuCom GroupOther · Germany · Jan 2019€480M
- 2VeeamOther · Switzerland · Jan 2019€437M
- 3OakNorthOther · UK · Jan 2019€384M
- 4N26Series D+ · Germany · Jan 2019€262M
- 5About YouOther · Germany · Jan 2019€262M
- 6Al Rayan BankOther · UK · Jan 2019€255M
- 7Relex SolutionsOther · Finland · Jan 2019€175M
- 8DoctolibSeries D+ · France · Jan 2019€150M
- 9YnsectSeries C · France · Jan 2019€125M
- 10InnovizSeries C · Israel · Jan 2019€115M
Concentration
top 10 deals30.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.6B
Period total
€8.7B
Countries
Top countries
equity raisedQ1 2019 — top countries — interactive chart.
Data table
| Q1 2019 — top countries | |
|---|---|
| UK | €2.0B |
| Germany | €1.9B |
| Israel | €1.1B |
| France | €1.0B |
| Switzerland | €681M |
| Sweden | €427M |
| Denmark | €276M |
| Finland | €252M |
| Spain | €212M |
| Ireland | €190M |
Capital by country
share of equityQ1 2019 — capital by country — interactive chart.
Data table
| Q1 2019 — capital by country | |
|---|---|
| UK | €2.0B |
| Germany | €1.9B |
| Israel | €1.1B |
| France | €1.0B |
| Switzerland | €681M |
| Sweden | €427M |
| Denmark | €276M |
| Finland | €252M |
| Spain | €212M |
| Ireland | €190M |
| Other | €662M |
Geographic distribution
European countries shown · click a countryQ1 2019 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2019 — top sectors — interactive chart.
Data table
| Q1 2019 — top sectors | |
|---|---|
| Software | €2.6B |
| Fintech | €2.5B |
| Healthtech | €1.3B |
| Media | €702M |
| E-commerce | €604M |
| Transportation | €457M |
| Marketing | €382M |
| Cybersecurity | €325M |
| Foodtech | €213M |
| Cleantech | €166M |
Capital by sector
share of equityQ1 2019 — capital by sector — interactive chart.
Data table
| Q1 2019 — capital by sector | |
|---|---|
| Software | €2.6B |
| Fintech | €2.5B |
| Healthtech | €1.3B |
| Media | €702M |
| E-commerce | €604M |
| Transportation | €457M |
| Marketing | €382M |
| Cybersecurity | €325M |
| Other | €1.8B |
Stages
Funding by stage
total euro raised by round typeQ1 2019 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €469k |
| Seed | €278M |
| Series A | €1.1B |
| Series B | €1.3B |
| Series C | €1.1B |
| Series D+ | €1.0B |
| Early VC | €19M |
| Other | €3.9B |
Exits
Exit activity
156
exits recorded
€15B
combined disclosed value
Exits breakdown
by typeQ1 2019 — exits by type — interactive chart.
Data table
| Q1 2019 — exits by type | |
|---|---|
| Acquisition | 146 |
| IPO | 5 |
| Merger | 5 |