European startup funding Q2 2020
Quarterly report · 2020-04-01 – 2020-06-30 · vs Q1 2020
Quarterly
Summary
auto-generatedIn Q2 2020, 641 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €8.5B, down 19.5% versus Q1 2020. Debt rounds added a further €207M.
Deal count moved -6.3% versus Q1 2020, with 368 named investors participating.
UK led by equity raised with €2.4B (28.5% of equity).
Healthtech was the most-funded sector at €1.5B in equity (18.1%).
The ten largest rounds accounted for 21.9% of disclosed capital, led by Travelport's €461M.
97 exits were recorded this quarter worth a combined €6.2B.
Equity funding
€8.5B
▼ -19.5%excl. debt & grants · +€207M debt
Funding rounds
641
▼ -6.3%Companies funded
640
▼ -5.9%Named investors
368
▼ -21.7%Exits
97
▼ -41.9%Leading country
€2.4B
28.5% of equity
Leading sector
€1.5B
18.1% of equity
Provenance: 93% of 641 rounds disclosed an amount · 78% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.42%
Methodology →Investments
Funding within Q2 2020
by monthFunding within Q2 2020 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €2.7B | 214 |
| May | €3.0B | 204 |
| Jun | €3.1B | 223 |
Biggest deals
top 10 by amount- 1TravelportOther · UK · May 2020€461M
- 2CureVacEarly VC · Germany · Jun 2020€300M
- 3ColoniesSeries B · France · Apr 2020€180M
- 4InfarmSeries C · Germany · Jun 2020€178M
- 5ContentSquareSeries D+ · France · May 2020€174M
- 6CheckoutSeries B · UK · Jun 2020€134M
- 7BioCatchSeries C · Israel · Apr 2020€132M
- 8Oxford Nanopore TechnologiesOther · UK · Apr 2020€124M
- 9Bike24Other · Germany · Jun 2020€120M
- 10Blue PrismOther · UK · Apr 2020€114M
Concentration
top 10 deals21.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.9B
Period total
€8.8B
Countries
Top countries
equity raisedQ2 2020 — top countries — interactive chart.
Data table
| Q2 2020 — top countries | |
|---|---|
| UK | €2.4B |
| Germany | €1.4B |
| Israel | €1.2B |
| France | €1.1B |
| Sweden | €419M |
| Switzerland | €298M |
| Finland | €234M |
| Ireland | €213M |
| United States | €205M |
| Spain | €170M |
Capital by country
share of equityQ2 2020 — capital by country — interactive chart.
Data table
| Q2 2020 — capital by country | |
|---|---|
| UK | €2.4B |
| Germany | €1.4B |
| Israel | €1.2B |
| France | €1.1B |
| Sweden | €419M |
| Switzerland | €298M |
| Finland | €234M |
| Ireland | €213M |
| United States | €205M |
| Spain | €170M |
| Other | €754M |
Geographic distribution
European countries shown · click a countryQ2 2020 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2020 — top sectors — interactive chart.
Data table
| Q2 2020 — top sectors | |
|---|---|
| Healthtech | €1.5B |
| Software | €1.5B |
| Fintech | €1.3B |
| Cybersecurity | €743M |
| Travel | €658M |
| Transportation | €570M |
| Media | €505M |
| AI | €396M |
| Hardware | €339M |
| E-commerce | €294M |
Capital by sector
share of equityQ2 2020 — capital by sector — interactive chart.
Data table
| Q2 2020 — capital by sector | |
|---|---|
| Healthtech | €1.5B |
| Software | €1.5B |
| Fintech | €1.3B |
| Cybersecurity | €743M |
| Travel | €658M |
| Transportation | €570M |
| Media | €505M |
| AI | €396M |
| Other | €3.2B |
Stages
Funding by stage
total euro raised by round typeQ2 2020 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €6.9M |
| Seed | €426M |
| Series A | €1.2B |
| Series B | €1.4B |
| Series C | €1.4B |
| Series D+ | €1.0B |
| Early VC | €725M |
| Growth/Late | €326M |
| Debt | €207M |
| Grant | €66M |
| Crowdfunding | €37M |
| Other | €1.9B |
Exits
Exit activity
97
exits recorded
€6.2B
combined disclosed value
Exits breakdown
by typeQ2 2020 — exits by type — interactive chart.
Data table
| Q2 2020 — exits by type | |
|---|---|
| Acquisition | 84 |
| Unknown | 9 |
| Leveraged buyout | 3 |
| Merger | 1 |