European startup funding H1 2020
Half-year report · 2020-01-01 – 2020-06-30 · vs H2 2019
Half-year
Summary
auto-generatedIn H1 2020, 1,325 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €19B, up 11.3% versus H2 2019. Debt rounds added a further €233M.
Deal count moved +1.7% versus H2 2019, with 758 named investors participating.
UK led by equity raised with €5.5B (28.8% of equity).
Fintech was the most-funded sector at €3.8B in equity (20.2%).
The ten largest rounds accounted for 27.1% of disclosed capital, led by Delivery Hero's €2.3B.
264 exits were recorded this half-year worth a combined €32B.
Equity funding
€19B
▲ +11.3%excl. debt & grants · +€233M debt
Funding rounds
1,325
▲ +1.7%Companies funded
1,316
▲ +2.5%Named investors
758
▼ -8.0%Exits
264
▲ +121.8%Provenance: 91% of 1,325 rounds disclosed an amount · 78% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +2.37%
Methodology →Investments
Funding within H1 2020
by monthFunding within H1 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €5.4B | 271 |
| Feb | €2.8B | 238 |
| Mar | €2.4B | 175 |
| Apr | €2.7B | 214 |
| May | €3.0B | 204 |
| Jun | €3.1B | 223 |
Biggest deals
top 10 by amount- 1Delivery HeroOther · Germany · Jan 2020€2.3B
- 2RevolutSeries D+ · UK · Feb 2020€461M
- 3TravelportOther · UK · May 2020€461M
- 4Kilter FinanceGrowth/Late · UK · Mar 2020€450M
- 5Via TransportationOther · Israel · Mar 2020€364M
- 6CureVacEarly VC · Germany · Jun 2020€300M
- 7GroverOther · Germany · Jan 2020€250M
- 8FarfetchOther · UK · Feb 2020€228M
- 9LiliumSeries C · Germany · Mar 2020€224M
- 10AcrelecOther · France · Jan 2020€202M
Concentration
top 10 deals27.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€5.2B
Period total
€19B
Countries
Top countries
equity raisedH1 2020 — top countries — interactive chart.
Data table
| H1 2020 — top countries | |
|---|---|
| UK | €5.5B |
| Germany | €4.6B |
| Israel | €2.4B |
| France | €2.3B |
| Sweden | €1.1B |
| Switzerland | €545M |
| Finland | €303M |
| Belgium | €274M |
| Spain | €261M |
| Ireland | €252M |
Capital by country
share of equityH1 2020 — capital by country — interactive chart.
Data table
| H1 2020 — capital by country | |
|---|---|
| UK | €5.5B |
| Germany | €4.6B |
| Israel | €2.4B |
| France | €2.3B |
| Sweden | €1.1B |
| Switzerland | €545M |
| Finland | €303M |
| Belgium | €274M |
| Spain | €261M |
| Ireland | €252M |
| Other | €1.6B |
Geographic distribution
European countries shown · click a countryH1 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2020 — top sectors — interactive chart.
Data table
| H1 2020 — top sectors | |
|---|---|
| Fintech | €3.8B |
| E-commerce | €3.2B |
| Software | €3.1B |
| Foodtech | €2.6B |
| Healthtech | €2.4B |
| Transportation | €1.7B |
| Cybersecurity | €1.3B |
| Media | €869M |
| Travel | €742M |
| Hardware | €649M |
Capital by sector
share of equityH1 2020 — capital by sector — interactive chart.
Data table
| H1 2020 — capital by sector | |
|---|---|
| Fintech | €3.8B |
| E-commerce | €3.2B |
| Software | €3.1B |
| Foodtech | €2.6B |
| Healthtech | €2.4B |
| Transportation | €1.7B |
| Cybersecurity | €1.3B |
| Media | €869M |
| Other | €6.5B |
Stages
Funding by stage
total euro raised by round typeH1 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €19M |
| Seed | €775M |
| Series A | €2.1B |
| Series B | €2.3B |
| Series C | €2.4B |
| Series D+ | €1.9B |
| Early VC | €1.0B |
| Growth/Late | €1.0B |
| Debt | €233M |
| Grant | €75M |
| Crowdfunding | €39M |
| Other | €7.7B |
Exits
Exit activity
264
exits recorded
€32B
combined disclosed value
Exits breakdown
by typeH1 2020 — exits by type — interactive chart.
Data table
| H1 2020 — exits by type | |
|---|---|
| Acquisition | 245 |
| Unknown | 12 |
| Leveraged buyout | 4 |
| IPO | 2 |
| Merger | 1 |