European startup funding Feb 2020
Monthly report · 2020-02-01 – 2020-02-29 · vs Jan 2020
Monthly
Summary
auto-generatedIn Feb 2020, 238 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €2.8B, down 48.9% versus Jan 2020. Debt rounds added a further €26M.
Deal count moved -12.2% versus Jan 2020, with 186 named investors participating.
UK led by equity raised with €1.4B (50.5% of equity).
Fintech was the most-funded sector at €918M in equity (33.0%).
The ten largest rounds accounted for 48.6% of disclosed capital, led by Revolut's €461M.
45 exits were recorded this month worth a combined €1.3B.
Equity funding
€2.8B
▼ -48.9%excl. debt & grants · +€26M debt
Funding rounds
238
▼ -12.2%Companies funded
237
▼ -11.9%Named investors
186
▼ -8.4%Exits
45
▼ -27.4%Provenance: 87% of 238 rounds disclosed an amount · 74% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.36%
Methodology →Investments
Funding within Feb 2020
by dayFunding within Feb 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €18M | 3 |
| 02 | €69M | 2 |
| 03 | €273M | 18 |
| 04 | €244M | 19 |
| 05 | €7.3M | 5 |
| 06 | €142M | 17 |
| 07 | €130M | 17 |
| 08 | €0 | 0 |
| 09 | €19M | 1 |
| 10 | €87M | 6 |
| 11 | €228M | 1 |
| 12 | €593k | 1 |
| 13 | €71M | 16 |
| 14 | €106M | 10 |
| 15 | €0 | 0 |
| 16 | €17M | 1 |
| 17 | €503M | 8 |
| 18 | €20M | 7 |
| 19 | €61M | 11 |
| 20 | €182M | 16 |
| 21 | €87M | 10 |
| 22 | €0 | 0 |
| 23 | €0 | 1 |
| 24 | €60M | 16 |
| 25 | €81M | 15 |
| 26 | €168M | 14 |
| 27 | €199M | 15 |
| 28 | €31M | 8 |
| 29 | €0 | 0 |
Biggest deals
top 10 by amount- 1RevolutSeries D+ · UK · Feb 2020€461M
- 2FarfetchOther · UK · Feb 2020€228M
- 3CollibraSeries D+ · Belgium · Feb 2020€102M
- 4iwocaOther · UK · Feb 2020€100M
- 5KinéisEarly VC · France · Feb 2020€100M
- 6StorytelGrowth/Late · Sweden · Feb 2020€88M
- 7Thought MachineSeries B · UK · Feb 2020€75M
- 8Starling BankOther · UK · Feb 2020€71M
- 9ClimeworksEarly VC · Switzerland · Feb 2020€69M
- 10GraphcoreSeries D+ · UK · Feb 2020€68M
Concentration
top 10 deals48.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.4B
Period total
€2.8B
Countries
Top countries
equity raisedFeb 2020 — top countries — interactive chart.
Data table
| Feb 2020 — top countries | |
|---|---|
| UK | €1.4B |
| France | €301M |
| Israel | €291M |
| Sweden | €176M |
| Switzerland | €166M |
| Germany | €141M |
| Belgium | €139M |
| Netherlands | €36M |
| Spain | €35M |
| Denmark | €24M |
Capital by country
share of equityFeb 2020 — capital by country — interactive chart.
Data table
| Feb 2020 — capital by country | |
|---|---|
| UK | €1.4B |
| France | €301M |
| Israel | €291M |
| Sweden | €176M |
| Switzerland | €166M |
| Germany | €141M |
| Belgium | €139M |
| Netherlands | €36M |
| Spain | €35M |
| Denmark | €24M |
| Other | €68M |
Geographic distribution
European countries shown · click a countryFeb 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedFeb 2020 — top sectors — interactive chart.
Data table
| Feb 2020 — top sectors | |
|---|---|
| Fintech | €918M |
| Software | €477M |
| Healthtech | €365M |
| Fashion | €243M |
| Transportation | €173M |
| Media | €142M |
| Hardware | €134M |
| Edtech | €126M |
| Cleantech | €120M |
| Semiconductors | €88M |
Capital by sector
share of equityFeb 2020 — capital by sector — interactive chart.
Data table
| Feb 2020 — capital by sector | |
|---|---|
| Fintech | €918M |
| Software | €477M |
| Healthtech | €365M |
| Fashion | €243M |
| Transportation | €173M |
| Media | €142M |
| Hardware | €134M |
| Edtech | €126M |
| Other | €698M |
Stages
Funding by stage
total euro raised by round typeFeb 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €0 |
| Seed | €126M |
| Series A | €276M |
| Series B | €256M |
| Series C | €126M |
| Series D+ | €670M |
| Early VC | €200M |
| Growth/Late | €180M |
| Debt | €26M |
| Grant | €180k |
| Crowdfunding | €1.5M |
| Other | €941M |
Exits
Exit activity
45
exits recorded
€1.3B
combined disclosed value
Exits breakdown
by typeFeb 2020 — exits by type — interactive chart.
Data table
| Feb 2020 — exits by type | |
|---|---|
| Acquisition | 44 |
| IPO | 1 |