European startup funding Nov 2020
Monthly report · 2020-11-01 – 2020-11-30 · vs Oct 2020
Monthly
Summary
auto-generatedIn Nov 2020, 382 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.9B, up 44.8% versus Oct 2020. Debt rounds added a further €618M.
Deal count moved +10.7% versus Oct 2020, with 225 named investors participating.
UK led by equity raised with €2.7B (46.3% of equity).
Fashion was the most-funded sector at €1.2B in equity (21.3%).
The ten largest rounds accounted for 44.7% of disclosed capital, led by Farfetch's €1.1B.
118 exits were recorded this month worth a combined €80B.
Equity funding
€5.9B
▲ +44.8%excl. debt & grants · +€618M debt
Funding rounds
382
▲ +10.7%Companies funded
373
▲ +8.4%Named investors
225
▼ -7.4%Exits
118
▲ +21.6%Provenance: 91% of 382 rounds disclosed an amount · 76% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.82%
Methodology →Investments
Funding within Nov 2020
by dayFunding within Nov 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €10M | 5 |
| 02 | €284M | 28 |
| 03 | €144M | 22 |
| 04 | €25M | 9 |
| 05 | €370M | 31 |
| 06 | €219M | 25 |
| 07 | €0 | 0 |
| 08 | €33M | 1 |
| 09 | €74M | 8 |
| 10 | €867M | 14 |
| 11 | €1.3B | 21 |
| 12 | €100M | 13 |
| 13 | €25M | 10 |
| 14 | €0 | 0 |
| 15 | €0 | 0 |
| 16 | €217M | 21 |
| 17 | €278M | 23 |
| 18 | €942M | 30 |
| 19 | €815M | 26 |
| 20 | €76M | 8 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €141M | 12 |
| 24 | €69M | 15 |
| 25 | €94M | 19 |
| 26 | €102M | 9 |
| 27 | €22M | 10 |
| 28 | €0 | 0 |
| 29 | €0 | 0 |
| 30 | €277M | 22 |
Biggest deals
top 10 by amount- 1FarfetchGrowth/Late · UK · Nov 2020€1.1B
- 2AuxmoneyDebt · Germany · Nov 2020€418M
- 3ArrivalGrowth/Late · UK · Nov 2020€337M
- 4Tier MobilitySeries C · Germany · Nov 2020€210M
- 5StennOther · UK · Nov 2020€171M
- 6Zenobe EnergyGrowth/Late · UK · Nov 2020€168M
- 7InnovafeedOther · France · Nov 2020€140M
- 8Global Fashion GroupGrowth/Late · Germany · Nov 2020€120M
- 9Cato NetworksSeries D+ · Israel · Nov 2020€109M
- 10Atai Life SciencesSeries C · Germany · Nov 2020€105M
Concentration
top 10 deals44.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.9B
Period total
€6.5B
Countries
Top countries
equity raisedNov 2020 — top countries — interactive chart.
Data table
| Nov 2020 — top countries | |
|---|---|
| UK | €2.7B |
| Germany | €890M |
| Israel | €643M |
| France | €460M |
| Switzerland | €226M |
| Sweden | €184M |
| Spain | €174M |
| Italy | €172M |
| Netherlands | €72M |
| Finland | €58M |
Capital by country
share of equityNov 2020 — capital by country — interactive chart.
Data table
| Nov 2020 — capital by country | |
|---|---|
| UK | €2.7B |
| Germany | €890M |
| Israel | €643M |
| France | €460M |
| Switzerland | €226M |
| Sweden | €184M |
| Spain | €174M |
| Italy | €172M |
| Netherlands | €72M |
| Finland | €58M |
| Other | €268M |
Geographic distribution
European countries shown · click a countryNov 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedNov 2020 — top sectors — interactive chart.
Data table
| Nov 2020 — top sectors | |
|---|---|
| Fashion | €1.2B |
| Fintech | €877M |
| Transportation | €757M |
| Healthtech | €538M |
| Software | €536M |
| E-commerce | €412M |
| AI | €240M |
| Consumer | €234M |
| Cybersecurity | €222M |
| Energy | €214M |
Capital by sector
share of equityNov 2020 — capital by sector — interactive chart.
Data table
| Nov 2020 — capital by sector | |
|---|---|
| Fashion | €1.2B |
| Fintech | €877M |
| Transportation | €757M |
| Healthtech | €538M |
| Software | €536M |
| E-commerce | €412M |
| AI | €240M |
| Consumer | €234M |
| Other | €1.9B |
Stages
Funding by stage
total euro raised by round typeNov 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €6.0M |
| Seed | €363M |
| Series A | €509M |
| Series B | €351M |
| Series C | €1.0B |
| Series D+ | €222M |
| Early VC | €11M |
| Growth/Late | €1.9B |
| Debt | €618M |
| Grant | €14M |
| Crowdfunding | €19M |
| Other | €1.5B |
Exits
Exit activity
118
exits recorded
€80B
combined disclosed value
Exits breakdown
by typeNov 2020 — exits by type — interactive chart.
Data table
| Nov 2020 — exits by type | |
|---|---|
| Acquisition | 92 |
| IPO | 13 |
| Unknown | 7 |
| Merger | 4 |
| Leveraged buyout | 2 |