European startup funding Mar 2020
Monthly report · 2020-03-01 – 2020-03-31 · vs Feb 2020
Monthly
Summary
auto-generatedIn Mar 2020, 175 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €2.3B, down 15.7% versus Feb 2020.
Deal count moved -26.5% versus Feb 2020, with 117 named investors participating.
UK led by equity raised with €858M (36.6% of equity).
Transportation was the most-funded sector at €737M in equity (31.5%).
The ten largest rounds accounted for 68.6% of disclosed capital, led by Kilter Finance's €450M.
60 exits were recorded this month worth a combined €12B.
Equity funding
€2.3B
▼ -15.7%excl. debt & grants
Funding rounds
175
▼ -26.5%Companies funded
175
▼ -26.2%Named investors
117
▼ -37.1%Exits
60
▲ +33.3%Leading country
€858M
36.6% of equity
Leading sector
€737M
31.5% of equity
Provenance: 88% of 175 rounds disclosed an amount · 84% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.37%
Methodology →Investments
Funding within Mar 2020
by dayFunding within Mar 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €90M | 3 |
| 02 | €21M | 10 |
| 03 | €73M | 8 |
| 04 | €480M | 9 |
| 05 | €0 | 0 |
| 06 | €203M | 20 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €20M | 8 |
| 14 | €0 | 0 |
| 15 | €68M | 1 |
| 16 | €22M | 9 |
| 17 | €90M | 16 |
| 18 | €32M | 5 |
| 19 | €49M | 9 |
| 20 | €18M | 6 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €351M | 11 |
| 24 | €20M | 6 |
| 25 | €72M | 7 |
| 26 | €112M | 10 |
| 27 | €28M | 9 |
| 28 | €320k | 1 |
| 29 | €1.0M | 1 |
| 30 | €380M | 9 |
| 31 | €221M | 17 |
Biggest deals
top 10 by amount- 1Kilter FinanceGrowth/Late · UK · Mar 2020€450M
- 2Via TransportationOther · Israel · Mar 2020€364M
- 3LiliumSeries C · Germany · Mar 2020€224M
- 4OzonOther · Russia · Mar 2020€136M
- 5CazooOther · UK · Mar 2020€110M
- 6Team8Series B · Israel · Mar 2020€93M
- 7CompugenOther · Israel · Mar 2020€68M
- 8Receipt BankSeries C · UK · Mar 2020€64M
- 9AxoniusSeries C · Israel · Mar 2020€53M
- 10MwmOther · France · Mar 2020€50M
Concentration
top 10 deals68.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.6B
Period total
€2.4B
Countries
Top countries
equity raisedMar 2020 — top countries — interactive chart.
Data table
| Mar 2020 — top countries | |
|---|---|
| UK | €858M |
| Israel | €665M |
| Germany | €291M |
| Russia | €136M |
| France | €72M |
| Denmark | €44M |
| Sweden | €43M |
| Netherlands | €37M |
| Austria | €30M |
| Finland | €28M |
Capital by country
share of equityMar 2020 — capital by country — interactive chart.
Data table
| Mar 2020 — capital by country | |
|---|---|
| UK | €858M |
| Israel | €665M |
| Germany | €291M |
| Russia | €136M |
| France | €72M |
| Denmark | €44M |
| Sweden | €43M |
| Netherlands | €37M |
| Austria | €30M |
| Finland | €28M |
| Other | €139M |
Geographic distribution
European countries shown · click a countryMar 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2020 — top sectors — interactive chart.
Data table
| Mar 2020 — top sectors | |
|---|---|
| Transportation | €737M |
| Fintech | €701M |
| Software | €386M |
| Cybersecurity | €334M |
| Media | €219M |
| Healthtech | €164M |
| E-commerce | €151M |
| Consumer | €136M |
| Cleantech | €68M |
| Hardware | €66M |
Capital by sector
share of equityMar 2020 — capital by sector — interactive chart.
Data table
| Mar 2020 — capital by sector | |
|---|---|
| Transportation | €737M |
| Fintech | €701M |
| Software | €386M |
| Cybersecurity | €334M |
| Media | €219M |
| Healthtech | €164M |
| E-commerce | €151M |
| Consumer | €136M |
| Other | €303M |
Stages
Funding by stage
total euro raised by round typeMar 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €2.8M |
| Seed | €92M |
| Series A | €223M |
| Series B | €249M |
| Series C | €373M |
| Early VC | €7.5M |
| Growth/Late | €450M |
| Grant | €8.7M |
| Crowdfunding | €1.2M |
| Other | €943M |
Exits
Exit activity
60
exits recorded
€12B
combined disclosed value
Exits breakdown
by typeMar 2020 — exits by type — interactive chart.
Data table
| Mar 2020 — exits by type | |
|---|---|
| Acquisition | 56 |
| Unknown | 3 |
| Leveraged buyout | 1 |