European startup funding Mar 2021
Monthly report · 2021-03-01 – 2021-03-31 · vs Feb 2021
Monthly
Summary
auto-generatedIn Mar 2021, 304 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €8.6B, up 47.5% versus Feb 2021. Debt rounds added a further €781M.
Deal count moved +3.8% versus Feb 2021, with 187 named investors participating.
UK led by equity raised with €2.1B (24.3% of equity).
Fintech was the most-funded sector at €2.4B in equity (27.7%).
The ten largest rounds accounted for 43.2% of disclosed capital, led by Klarna's €830M.
56 exits were recorded this month worth a combined €6.7B.
Equity funding
€8.6B
▲ +47.5%excl. debt & grants · +€781M debt
Funding rounds
304
▲ +3.8%Companies funded
304
▲ +4.1%Named investors
187
▲ +11.3%Exits
56
▼ -1.8%Provenance: 93% of 304 rounds disclosed an amount · 82% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -1.07%
Methodology →Investments
Funding within Mar 2021
by dayFunding within Mar 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €1.1B | 16 |
| 02 | €262M | 8 |
| 03 | €434M | 15 |
| 04 | €596M | 12 |
| 05 | €139M | 4 |
| 06 | €0 | 0 |
| 07 | €0 | 0 |
| 08 | €394M | 4 |
| 09 | €251M | 17 |
| 10 | €506M | 10 |
| 11 | €563M | 15 |
| 12 | €116M | 7 |
| 13 | €0 | 0 |
| 14 | €18M | 1 |
| 15 | €42M | 11 |
| 16 | €1.3B | 17 |
| 17 | €553M | 31 |
| 18 | €353M | 15 |
| 19 | €14M | 3 |
| 20 | €0 | 0 |
| 21 | €0 | 0 |
| 22 | €217M | 16 |
| 23 | €376M | 11 |
| 24 | €519M | 19 |
| 25 | €265M | 17 |
| 26 | €264M | 7 |
| 27 | €0 | 0 |
| 28 | €5.1M | 1 |
| 29 | €153M | 10 |
| 30 | €345M | 23 |
| 31 | €602M | 14 |
Biggest deals
top 10 by amount- 1KlarnaOther · Sweden · Mar 2021€830M
- 2SumUpDebt · UK · Mar 2021€750M
- 3GlovoSeries D+ · Spain · Mar 2021€450M
- 4Epidemic SoundOther · Sweden · Mar 2021€378M
- 5HopinSeries C · UK · Mar 2021€332M
- 6Starling BankSeries D+ · UK · Mar 2021€315M
- 7Blockchain.comOther · UK · Mar 2021€252M
- 8SnykSeries D+ · UK · Mar 2021€252M
- 9PatsnapOther · UK · Mar 2021€252M
- 10GorillasSeries B · Germany · Mar 2021€246M
Concentration
top 10 deals43.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.1B
Period total
€9.4B
Countries
Top countries
equity raisedMar 2021 — top countries — interactive chart.
Data table
| Mar 2021 — top countries | |
|---|---|
| UK | €2.1B |
| Sweden | €1.4B |
| Germany | €1.3B |
| Israel | €1.2B |
| Spain | €562M |
| France | €420M |
| Italy | €295M |
| Netherlands | €289M |
| Austria | €223M |
| Czech Republic | €190M |
Capital by country
share of equityMar 2021 — capital by country — interactive chart.
Data table
| Mar 2021 — capital by country | |
|---|---|
| UK | €2.1B |
| Sweden | €1.4B |
| Germany | €1.3B |
| Israel | €1.2B |
| Spain | €562M |
| France | €420M |
| Italy | €295M |
| Netherlands | €289M |
| Austria | €223M |
| Czech Republic | €190M |
| Other | €583M |
Geographic distribution
European countries shown · click a countryMar 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2021 — top sectors — interactive chart.
Data table
| Mar 2021 — top sectors | |
|---|---|
| Fintech | €2.4B |
| Software | €1.6B |
| Transportation | €1.0B |
| E-commerce | €880M |
| Cybersecurity | €867M |
| Media | €795M |
| Edtech | €561M |
| Healthtech | €497M |
| Foodtech | €485M |
| Cloud | €454M |
Capital by sector
share of equityMar 2021 — capital by sector — interactive chart.
Data table
| Mar 2021 — capital by sector | |
|---|---|
| Fintech | €2.4B |
| Software | €1.6B |
| Transportation | €1.0B |
| E-commerce | €880M |
| Cybersecurity | €867M |
| Media | €795M |
| Edtech | €561M |
| Healthtech | €497M |
| Other | €3.4B |
Stages
Funding by stage
total euro raised by round typeMar 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €3.5M |
| Seed | €208M |
| Series A | €444M |
| Series B | €1.2B |
| Series C | €1.2B |
| Series D+ | €2.0B |
| Early VC | €7.3M |
| Growth/Late | €118M |
| Debt | €781M |
| Grant | €26M |
| Crowdfunding | €2.3M |
| Other | €3.5B |
Exits
Exit activity
56
exits recorded
€6.7B
combined disclosed value
Exits breakdown
by typeMar 2021 — exits by type — interactive chart.
Data table
| Mar 2021 — exits by type | |
|---|---|
| Acquisition | 44 |
| Leveraged buyout | 7 |
| IPO | 3 |
| Merger | 1 |
| Unknown | 1 |