European startup funding Dec 2020
Monthly report · 2020-12-01 – 2020-12-31 · vs Nov 2020
Monthly
Summary
auto-generatedIn Dec 2020, 369 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.7B, down 3.4% versus Nov 2020. Debt rounds added a further €478M.
Deal count moved -3.4% versus Nov 2020, with 216 named investors participating.
UK led by equity raised with €1.1B (20.1% of equity).
Software was the most-funded sector at €1.2B in equity (20.7%).
The ten largest rounds accounted for 32.6% of disclosed capital, led by Stillfront's €365M.
61 exits were recorded this month worth a combined €5.4B.
Equity funding
€5.7B
▼ -3.4%excl. debt & grants · +€478M debt
Funding rounds
369
▼ -3.4%Companies funded
364
▼ -2.4%Named investors
216
▼ -4.0%Exits
61
▼ -48.3%Provenance: 93% of 369 rounds disclosed an amount · 77% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +6.81%
Methodology →Investments
Funding within Dec 2020
by dayFunding within Dec 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €605M | 22 |
| 02 | €852M | 39 |
| 03 | €244M | 34 |
| 04 | €33M | 9 |
| 05 | €94M | 12 |
| 06 | €27M | 5 |
| 07 | €730M | 17 |
| 08 | €254M | 17 |
| 09 | €338M | 25 |
| 10 | €436M | 20 |
| 11 | €498M | 13 |
| 12 | €0 | 0 |
| 13 | €726k | 2 |
| 14 | €83M | 15 |
| 15 | €146M | 18 |
| 16 | €483M | 25 |
| 17 | €541M | 27 |
| 18 | €135M | 13 |
| 19 | €1.3M | 1 |
| 20 | €17M | 4 |
| 21 | €171M | 10 |
| 22 | €103M | 7 |
| 23 | €58M | 10 |
| 24 | €260M | 6 |
| 25 | €3.3M | 1 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €5.0M | 2 |
| 29 | €4.4M | 5 |
| 30 | €18M | 8 |
| 31 | €2.2M | 2 |
Biggest deals
top 10 by amount- 1StillfrontDebt · Sweden · Dec 2020€365M
- 2SinchGrowth/Late · Sweden · Dec 2020€320M
- 3Nano DimensionGrowth/Late · Israel · Dec 2020€280M
- 4Octopus EnergyGrowth/Late · UK · Dec 2020€228M
- 5CatawikiGrowth/Late · Netherlands · Dec 2020€150M
- 6BoltSeries D+ · Estonia · Dec 2020€148M
- 7Voi TechnologySeries C · Sweden · Dec 2020€134M
- 8ZenotiSeries D+ · Sweden · Dec 2020€132M
- 9Voi TechnologyOther · Sweden · Dec 2020€132M
- 10BizzaboSeries D+ · Israel · Dec 2020€115M
Concentration
top 10 deals32.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.0B
Period total
€6.1B
Countries
Top countries
equity raisedDec 2020 — top countries — interactive chart.
Data table
| Dec 2020 — top countries | |
|---|---|
| UK | €1.1B |
| Israel | €1.1B |
| Sweden | €1.0B |
| Germany | €695M |
| France | €314M |
| Netherlands | €220M |
| Switzerland | €171M |
| Estonia | €156M |
| Spain | €150M |
| Ireland | €136M |
Capital by country
share of equityDec 2020 — capital by country — interactive chart.
Data table
| Dec 2020 — capital by country | |
|---|---|
| UK | €1.1B |
| Israel | €1.1B |
| Sweden | €1.0B |
| Germany | €695M |
| France | €314M |
| Netherlands | €220M |
| Switzerland | €171M |
| Estonia | €156M |
| Spain | €150M |
| Ireland | €136M |
| Other | €583M |
Geographic distribution
European countries shown · click a countryDec 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedDec 2020 — top sectors — interactive chart.
Data table
| Dec 2020 — top sectors | |
|---|---|
| Software | €1.2B |
| Fintech | €1.1B |
| Transportation | €625M |
| Cybersecurity | €565M |
| Cleantech | €553M |
| Consumer | €473M |
| E-commerce | €390M |
| Healthtech | €317M |
| Media | €308M |
| Energy | €263M |
Capital by sector
share of equityDec 2020 — capital by sector — interactive chart.
Data table
| Dec 2020 — capital by sector | |
|---|---|
| Software | €1.2B |
| Fintech | €1.1B |
| Transportation | €625M |
| Cybersecurity | €565M |
| Cleantech | €553M |
| Consumer | €473M |
| E-commerce | €390M |
| Healthtech | €317M |
| Other | €2.2B |
Stages
Funding by stage
total euro raised by round typeDec 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €8.0M |
| Seed | €163M |
| Series A | €606M |
| Series B | €857M |
| Series C | €359M |
| Series D+ | €680M |
| Early VC | €1.0M |
| Growth/Late | €1.3B |
| Debt | €478M |
| Crowdfunding | €4.4M |
| Other | €1.7B |
Exits
Exit activity
61
exits recorded
€5.4B
combined disclosed value
Exits breakdown
by typeDec 2020 — exits by type — interactive chart.
Data table
| Dec 2020 — exits by type | |
|---|---|
| Acquisition | 54 |
| IPO | 4 |
| Leveraged buyout | 3 |