European startup funding Feb 2021
Monthly report · 2021-02-01 – 2021-02-28 · vs Jan 2021
Monthly
Summary
auto-generatedIn Feb 2021, 293 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.8B, up 11.5% versus Jan 2021. Debt rounds added a further €1.3B.
Deal count moved +9.7% versus Jan 2021, with 168 named investors participating.
Sweden led by equity raised with €1.2B (21.4% of equity).
Software was the most-funded sector at €1.8B in equity (30.3%).
The ten largest rounds accounted for 55.2% of disclosed capital, led by Just Eat Takeaway's €1.1B.
57 exits were recorded this month worth a combined €8.1B.
Equity funding
€5.8B
▲ +11.5%excl. debt & grants · +€1.3B debt
Funding rounds
293
▲ +9.7%Companies funded
292
▲ +9.4%Named investors
168
▼ -1.8%Exits
57
▼ -10.9%Provenance: 94% of 293 rounds disclosed an amount · 74% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.02%
Methodology →Investments
Funding within Feb 2021
by dayFunding within Feb 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €672M | 13 |
| 02 | €1.2B | 18 |
| 03 | €351M | 26 |
| 04 | €155M | 16 |
| 05 | €245M | 8 |
| 06 | €0 | 0 |
| 07 | €0 | 0 |
| 08 | €277M | 11 |
| 09 | €214M | 13 |
| 10 | €525M | 29 |
| 11 | €267M | 15 |
| 12 | €29M | 3 |
| 13 | €0 | 0 |
| 14 | €0 | 0 |
| 15 | €169M | 11 |
| 16 | €184M | 11 |
| 17 | €258M | 18 |
| 18 | €61M | 12 |
| 19 | €107M | 6 |
| 20 | €0 | 0 |
| 21 | €68M | 2 |
| 22 | €176M | 15 |
| 23 | €179M | 17 |
| 24 | €1.5B | 17 |
| 25 | €350M | 17 |
| 26 | €179M | 11 |
| 27 | €0 | 1 |
| 28 | €6.4M | 3 |
Biggest deals
top 10 by amount- 1Just Eat TakeawayDebt · Netherlands · Feb 2021€1.1B
- 2SpotifyOther · Sweden · Feb 2021€1.1B
- 3UiPathSeries D+ · Romania · Feb 2021€618M
- 4IdealistaOther · Spain · Feb 2021€250M
- 5ImmunocoreDebt · UK · Feb 2021€190M
- 6WallapopSeries D+ · Spain · Feb 2021€157M
- 7NexthinkSeries D+ · Switzerland · Feb 2021€150M
- 8FastnedGrowth/Late · Netherlands · Feb 2021€150M
- 9ZegoSeries C · UK · Feb 2021€132M
- 10VivinoSeries D+ · Denmark · Feb 2021€129M
Concentration
top 10 deals55.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.9B
Period total
€7.1B
Countries
Top countries
equity raisedFeb 2021 — top countries — interactive chart.
Data table
| Feb 2021 — top countries | |
|---|---|
| Sweden | €1.2B |
| UK | €1.0B |
| Spain | €634M |
| Romania | €620M |
| Israel | €573M |
| France | €432M |
| Denmark | €291M |
| Germany | €267M |
| Netherlands | €231M |
| Switzerland | €185M |
Capital by country
share of equityFeb 2021 — capital by country — interactive chart.
Data table
| Feb 2021 — capital by country | |
|---|---|
| Sweden | €1.2B |
| UK | €1.0B |
| Spain | €634M |
| Romania | €620M |
| Israel | €573M |
| France | €432M |
| Denmark | €291M |
| Germany | €267M |
| Netherlands | €231M |
| Switzerland | €185M |
| Other | €337M |
Geographic distribution
European countries shown · click a countryFeb 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedFeb 2021 — top sectors — interactive chart.
Data table
| Feb 2021 — top sectors | |
|---|---|
| Software | €1.8B |
| Media | €1.1B |
| AI | €743M |
| Fintech | €704M |
| Robotics | €644M |
| E-commerce | €435M |
| Proptech | €315M |
| Healthtech | €286M |
| Cybersecurity | €250M |
| Transportation | €214M |
Capital by sector
share of equityFeb 2021 — capital by sector — interactive chart.
Data table
| Feb 2021 — capital by sector | |
|---|---|
| Software | €1.8B |
| Media | €1.1B |
| AI | €743M |
| Fintech | €704M |
| Robotics | €644M |
| E-commerce | €435M |
| Proptech | €315M |
| Healthtech | €286M |
| Other | €1.9B |
Stages
Funding by stage
total euro raised by round typeFeb 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €6.0M |
| Seed | €177M |
| Series A | €519M |
| Series B | €397M |
| Series C | €336M |
| Series D+ | €1.4B |
| Growth/Late | €150M |
| Debt | €1.3B |
| Grant | €12M |
| Crowdfunding | €7.6M |
| Other | €2.8B |
Exits
Exit activity
57
exits recorded
€8.1B
combined disclosed value
Exits breakdown
by typeFeb 2021 — exits by type — interactive chart.
Data table
| Feb 2021 — exits by type | |
|---|---|
| Acquisition | 51 |
| Leveraged buyout | 4 |
| IPO | 1 |
| Unknown | 1 |