European startup funding Sep 2020
Monthly report · 2020-09-01 – 2020-09-30 · vs Aug 2020
Monthly
Summary
auto-generatedIn Sep 2020, 372 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.7B, up 150.8% versus Aug 2020. Debt rounds added a further €39M.
Deal count moved +83.3% versus Aug 2020, with 232 named investors participating.
Poland led by equity raised with €2.0B (25.8% of equity).
E-commerce was the most-funded sector at €2.1B in equity (26.9%).
The ten largest rounds accounted for 56.6% of disclosed capital, led by Allegro's €2.0B.
67 exits were recorded this month worth a combined €46B.
Equity funding
€7.7B
▲ +150.8%excl. debt & grants · +€39M debt
Funding rounds
372
▲ +83.3%Companies funded
369
▲ +82.7%Named investors
232
▲ +70.6%Exits
67
▲ +19.6%Leading country
€2.0B
25.8% of equity
Leading sector
€2.1B
26.9% of equity
Provenance: 92% of 372 rounds disclosed an amount · 72% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.40%
Methodology →Investments
Funding within Sep 2020
by dayFunding within Sep 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €332M | 21 |
| 02 | €330M | 15 |
| 03 | €140M | 31 |
| 04 | €339M | 23 |
| 05 | €10.0M | 1 |
| 06 | €59M | 10 |
| 07 | €121M | 12 |
| 08 | €289M | 13 |
| 09 | €198M | 16 |
| 10 | €380M | 24 |
| 11 | €70M | 6 |
| 12 | €0 | 0 |
| 13 | €0 | 0 |
| 14 | €135M | 8 |
| 15 | €685M | 15 |
| 16 | €223M | 27 |
| 17 | €350M | 21 |
| 18 | €27M | 6 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €40M | 9 |
| 22 | €415M | 17 |
| 23 | €512M | 28 |
| 24 | €105M | 17 |
| 25 | €82M | 9 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €2.0B | 7 |
| 29 | €739M | 18 |
| 30 | €247M | 18 |
Biggest deals
top 10 by amount- 1AllegroOther · Poland · Sep 2020€2.0B
- 2KlarnaGrowth/Late · Sweden · Sep 2020€547M
- 3NorthvoltOther · Sweden · Sep 2020€514M
- 4Auto1Other · Germany · Sep 2020€300M
- 5MiraklSeries D+ · France · Sep 2020€255M
- 6Next InsuranceSeries D+ · United States · Sep 2020€213M
- 7SnykSeries D+ · UK · Sep 2020€170M
- 8EcoVadisOther · France · Sep 2020€168M
- 9AuxmoneyGrowth/Late · Germany · Sep 2020€150M
- 10InfarmSeries C · Germany · Sep 2020€143M
Concentration
top 10 deals56.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.4B
Period total
€7.8B
Countries
Top countries
equity raisedSep 2020 — top countries — interactive chart.
Data table
| Sep 2020 — top countries | |
|---|---|
| Poland | €2.0B |
| Sweden | €1.2B |
| France | €916M |
| Germany | €787M |
| UK | €762M |
| Netherlands | €444M |
| Israel | €437M |
| Switzerland | €276M |
| United States | €240M |
| Spain | €187M |
Capital by country
share of equitySep 2020 — capital by country — interactive chart.
Data table
| Sep 2020 — capital by country | |
|---|---|
| Poland | €2.0B |
| Sweden | €1.2B |
| France | €916M |
| Germany | €787M |
| UK | €762M |
| Netherlands | €444M |
| Israel | €437M |
| Switzerland | €276M |
| United States | €240M |
| Spain | €187M |
| Other | €452M |
Geographic distribution
European countries shown · click a countrySep 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedSep 2020 — top sectors — interactive chart.
Data table
| Sep 2020 — top sectors | |
|---|---|
| E-commerce | €2.1B |
| Fintech | €1.5B |
| Healthtech | €834M |
| Software | €820M |
| Cleantech | €805M |
| Transportation | €465M |
| Cybersecurity | €457M |
| Marketing | €442M |
| Cloud | €183M |
| Agritech | €176M |
Capital by sector
share of equitySep 2020 — capital by sector — interactive chart.
Data table
| Sep 2020 — capital by sector | |
|---|---|
| E-commerce | €2.1B |
| Fintech | €1.5B |
| Healthtech | €834M |
| Software | €820M |
| Cleantech | €805M |
| Transportation | €465M |
| Cybersecurity | €457M |
| Marketing | €442M |
| Other | €1.3B |
Stages
Funding by stage
total euro raised by round typeSep 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €5.8M |
| Seed | €187M |
| Series A | €628M |
| Series B | €832M |
| Series C | €538M |
| Series D+ | €738M |
| Early VC | €40M |
| Growth/Late | €788M |
| Debt | €39M |
| Grant | €70M |
| Crowdfunding | €18M |
| Other | €3.9B |
Exits
Exit activity
67
exits recorded
€46B
combined disclosed value
Exits breakdown
by typeSep 2020 — exits by type — interactive chart.
Data table
| Sep 2020 — exits by type | |
|---|---|
| Acquisition | 56 |
| IPO | 5 |
| Unknown | 4 |
| Merger | 2 |