European startup funding May 2020
Monthly report · 2020-05-01 – 2020-05-31 · vs Apr 2020
Monthly
Summary
auto-generatedIn May 2020, 204 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €2.8B, up 6.6% versus Apr 2020. Debt rounds added a further €164M.
Deal count moved -4.7% versus Apr 2020, with 131 named investors participating.
UK led by equity raised with €1.0B (34.6% of equity).
Travel was the most-funded sector at €622M in equity (22.1%).
The ten largest rounds accounted for 45.0% of disclosed capital, led by Travelport's €461M.
38 exits were recorded this month worth a combined €3.6B.
Equity funding
€2.8B
▲ +6.6%excl. debt & grants · +€164M debt
Funding rounds
204
▼ -4.7%Companies funded
204
▼ -4.7%Named investors
131
▼ -6.4%Exits
38
▲ +111.1%Provenance: 96% of 204 rounds disclosed an amount · 77% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.17%
Methodology →Investments
Funding within May 2020
by dayFunding within May 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €2.6M | 2 |
| 02 | €50M | 9 |
| 03 | €120M | 14 |
| 04 | €0 | 0 |
| 05 | €322M | 17 |
| 06 | €487M | 6 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €161M | 19 |
| 14 | €182M | 12 |
| 15 | €118M | 5 |
| 16 | €550k | 1 |
| 17 | €0 | 0 |
| 18 | €73M | 11 |
| 19 | €284M | 14 |
| 20 | €258M | 13 |
| 21 | €110M | 18 |
| 22 | €98M | 6 |
| 23 | €0 | 0 |
| 24 | €2.0M | 1 |
| 25 | €196M | 16 |
| 26 | €203M | 11 |
| 27 | €142M | 7 |
| 28 | €166M | 15 |
| 29 | €21M | 4 |
| 30 | €300k | 1 |
| 31 | €871k | 2 |
Biggest deals
top 10 by amount- 1TravelportOther · UK · May 2020€461M
- 2ContentSquareSeries D+ · France · May 2020€174M
- 3Back MarketOther · France · May 2020€110M
- 4BoltDebt · Estonia · May 2020€100M
- 5CarTrawlerGrowth/Late · Ireland · May 2020€100M
- 6WoltSeries D+ · Finland · May 2020€100M
- 7N26Series D+ · Germany · May 2020€92M
- 8Xsight LabsSeries A · Israel · May 2020€74M
- 9ScanditSeries C · Switzerland · May 2020€73M
- 10CyberbitEarly VC · Israel · May 2020€65M
Concentration
top 10 deals45.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.3B
Period total
€3.0B
Countries
Top countries
equity raisedMay 2020 — top countries — interactive chart.
Data table
| May 2020 — top countries | |
|---|---|
| UK | €1.0B |
| France | €473M |
| Israel | €298M |
| Germany | €248M |
| Switzerland | €131M |
| Ireland | €129M |
| Sweden | €120M |
| Finland | €114M |
| Netherlands | €65M |
| Spain | €52M |
Capital by country
share of equityMay 2020 — capital by country — interactive chart.
Data table
| May 2020 — capital by country | |
|---|---|
| UK | €1.0B |
| France | €473M |
| Israel | €298M |
| Germany | €248M |
| Switzerland | €131M |
| Ireland | €129M |
| Sweden | €120M |
| Finland | €114M |
| Netherlands | €65M |
| Spain | €52M |
| Other | €210M |
Geographic distribution
European countries shown · click a countryMay 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMay 2020 — top sectors — interactive chart.
Data table
| May 2020 — top sectors | |
|---|---|
| Travel | €622M |
| Software | €498M |
| Healthtech | €401M |
| Fintech | €394M |
| Transportation | €226M |
| Media | €191M |
| Cybersecurity | €189M |
| Marketing | €187M |
| AI | €167M |
| E-commerce | €152M |
Capital by sector
share of equityMay 2020 — capital by sector — interactive chart.
Data table
| May 2020 — capital by sector | |
|---|---|
| Travel | €622M |
| Software | €498M |
| Healthtech | €401M |
| Fintech | €394M |
| Transportation | €226M |
| Media | €191M |
| Cybersecurity | €189M |
| Marketing | €187M |
| Other | €852M |
Stages
Funding by stage
total euro raised by round typeMay 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €2.3M |
| Seed | €132M |
| Series A | €404M |
| Series B | €320M |
| Series C | €367M |
| Series D+ | €416M |
| Early VC | €267M |
| Growth/Late | €149M |
| Debt | €164M |
| Grant | €18M |
| Crowdfunding | €20M |
| Other | €735M |
Exits
Exit activity
38
exits recorded
€3.6B
combined disclosed value
Exits breakdown
by typeMay 2020 — exits by type — interactive chart.
Data table
| May 2020 — exits by type | |
|---|---|
| Acquisition | 32 |
| Unknown | 3 |
| Leveraged buyout | 2 |
| Merger | 1 |