European startup funding Q3 2019
Quarterly report · 2019-07-01 – 2019-09-30 · vs Q2 2019
Quarterly
Summary
auto-generatedIn Q3 2019, 329 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.0B, down 37.7% versus Q2 2019.
Deal count moved -55.1% versus Q2 2019, with 267 named investors participating.
UK led by equity raised with €2.1B (30.4% of equity).
Fintech was the most-funded sector at €1.9B in equity (27.2%).
The ten largest rounds accounted for 45.5% of disclosed capital, led by Babylon's €483M.
41 exits were recorded this quarter worth a combined €88M.
Equity funding
€7.0B
▼ -37.7%excl. debt & grants
Funding rounds
329
▼ -55.1%Companies funded
328
▼ -55.1%Named investors
267
▼ -44.5%Exits
41
▼ -54.9%Provenance: 92% of 329 rounds disclosed an amount · 74% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +2.21%
Methodology →Investments
Funding within Q3 2019
by monthFunding within Q3 2019 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €6.9B | 325 |
| Aug | €37M | 2 |
| Sep | €18M | 2 |
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
- 5SumUpOther · UK · Jul 2019€330M
- 6CompassSeries D+ · Israel · Jul 2019€325M
- 7LendInvestOther · UK · Jul 2019€223M
- 8CMR SurgicalSeries C · UK · Jul 2019€218M
- 9CybereasonSeries D+ · Israel · Jul 2019€176M
- 10SignavioSeries C · Germany · Jul 2019€157M
Concentration
top 10 deals45.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.2B
Period total
€7.0B
Countries
Top countries
equity raisedQ3 2019 — top countries — interactive chart.
Data table
| Q3 2019 — top countries | |
|---|---|
| UK | €2.1B |
| Israel | €1.4B |
| Germany | €1.2B |
| Sweden | €577M |
| France | €316M |
| Switzerland | €281M |
| Spain | €280M |
| Ireland | €194M |
| Netherlands | €125M |
| Estonia | €104M |
Capital by country
share of equityQ3 2019 — capital by country — interactive chart.
Data table
| Q3 2019 — capital by country | |
|---|---|
| UK | €2.1B |
| Israel | €1.4B |
| Germany | €1.2B |
| Sweden | €577M |
| France | €316M |
| Switzerland | €281M |
| Spain | €280M |
| Ireland | €194M |
| Netherlands | €125M |
| Estonia | €104M |
| Other | €324M |
Geographic distribution
European countries shown · click a countryQ3 2019 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ3 2019 — top sectors — interactive chart.
Data table
| Q3 2019 — top sectors | |
|---|---|
| Fintech | €1.9B |
| Software | €1.5B |
| Healthtech | €1.0B |
| Transportation | €814M |
| Marketing | €422M |
| Proptech | €404M |
| Cybersecurity | €387M |
| HRtech | €309M |
| Energy | €200M |
| Cleantech | €178M |
Capital by sector
share of equityQ3 2019 — capital by sector — interactive chart.
Data table
| Q3 2019 — capital by sector | |
|---|---|
| Fintech | €1.9B |
| Software | €1.5B |
| Healthtech | €1.0B |
| Transportation | €814M |
| Marketing | €422M |
| Proptech | €404M |
| Cybersecurity | €387M |
| HRtech | €309M |
| Other | €1.4B |
Stages
Funding by stage
total euro raised by round typeQ3 2019 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €4.1M |
| Seed | €96M |
| Series A | €557M |
| Series B | €629M |
| Series C | €943M |
| Series D+ | €1.5B |
| Early VC | €4.0M |
| Other | €3.3B |
Exits
Exit activity
41
exits recorded
€88M
combined disclosed value
Exits breakdown
by typeQ3 2019 — exits by type — interactive chart.
Data table
| Q3 2019 — exits by type | |
|---|---|
| Acquisition | 40 |
| Merger | 1 |