European startup funding Q2 2019
Quarterly report · 2019-04-01 – 2019-06-30 · vs Q1 2019
Quarterly
Summary
auto-generatedIn Q2 2019, 732 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €11B, up 29.5% versus Q1 2019. Debt rounds added a further €58M.
Deal count moved +11.8% versus Q1 2019, with 481 named investors participating.
UK led by equity raised with €2.4B (21.4% of equity).
Fintech was the most-funded sector at €3.4B in equity (30.5%).
The ten largest rounds accounted for 34.6% of disclosed capital, led by Wirecard's €900M.
91 exits were recorded this quarter worth a combined €2.8B.
Equity funding
€11B
▲ +29.5%excl. debt & grants · +€58M debt
Funding rounds
732
▲ +11.8%Companies funded
731
▲ +11.6%Named investors
481
▼ -20.8%Exits
91
▼ -41.7%Provenance: 90% of 732 rounds disclosed an amount · 71% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +3.30%
Methodology →Investments
Funding within Q2 2019
by monthFunding within Q2 2019 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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
- 5NorthvoltOther · Sweden · Apr 2019€350M
- 6LemonadeSeries D+ · Israel · Apr 2019€267M
- 7WiseOther · Estonia · Apr 2019€260M
- 8MeeroSeries C · France · Apr 2019€205M
- 9CheckoutSeries A · UK · Apr 2019€205M
- 10AdjustOther · Germany · Apr 2019€202M
Concentration
top 10 deals34.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.9B
Period total
€11B
Countries
Top countries
equity raisedQ2 2019 — top countries — interactive chart.
Data table
| Q2 2019 — top countries | |
|---|---|
| UK | €2.4B |
| Germany | €2.3B |
| Israel | €1.6B |
| France | €1.1B |
| Sweden | €769M |
| Romania | €681M |
| Spain | €346M |
| Estonia | €289M |
| Belgium | €247M |
| Ireland | €193M |
Capital by country
share of equityQ2 2019 — capital by country — interactive chart.
Data table
| Q2 2019 — capital by country | |
|---|---|
| UK | €2.4B |
| Germany | €2.3B |
| Israel | €1.6B |
| France | €1.1B |
| Sweden | €769M |
| Romania | €681M |
| Spain | €346M |
| Estonia | €289M |
| Belgium | €247M |
| Ireland | €193M |
| Other | €1.3B |
Geographic distribution
European countries shown · click a countryQ2 2019 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2019 — top sectors — interactive chart.
Data table
| Q2 2019 — top sectors | |
|---|---|
| Fintech | €3.4B |
| Software | €2.9B |
| Transportation | €904M |
| E-commerce | €869M |
| Consumer | €839M |
| Healthtech | €826M |
| Foodtech | €770M |
| Cybersecurity | €739M |
| Travel | €732M |
| AI | €540M |
Capital by sector
share of equityQ2 2019 — capital by sector — interactive chart.
Data table
| Q2 2019 — capital by sector | |
|---|---|
| Fintech | €3.4B |
| Software | €2.9B |
| Transportation | €904M |
| E-commerce | €869M |
| Consumer | €839M |
| Healthtech | €826M |
| Foodtech | €770M |
| Cybersecurity | €739M |
| Other | €5.1B |
Stages
Funding by stage
total euro raised by round typeQ2 2019 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €5.2M |
| Seed | €226M |
| Series A | €1.3B |
| Series B | €1.3B |
| Series C | €1.2B |
| Series D+ | €2.6B |
| Early VC | €4.5M |
| Growth/Late | €190M |
| Debt | €58M |
| Grant | €20M |
| ICO | €23M |
| Other | €4.3B |
Exits
Exit activity
91
exits recorded
€2.8B
combined disclosed value
Exits breakdown
by typeQ2 2019 — exits by type — interactive chart.
Data table
| Q2 2019 — exits by type | |
|---|---|
| Acquisition | 83 |
| IPO | 4 |
| Merger | 3 |
| Unknown | 1 |