European startup funding May 2021
Monthly report · 2021-05-01 – 2021-05-31 · vs Apr 2021
Monthly
Summary
auto-generatedIn May 2021, 372 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €11B, up 47.6% versus Apr 2021. Debt rounds added a further €580M.
Deal count moved +36.3% versus Apr 2021, with 832 named investors participating.
UK led by equity raised with €2.4B (22.4% of equity).
Software was the most-funded sector at €3.0B in equity (28.7%).
The ten largest rounds accounted for 43.4% of disclosed capital, led by Cinch's €1.2B.
40 exits were recorded this month worth a combined €1.6B.
Equity funding
€11B
▲ +47.6%excl. debt & grants · +€580M debt
Funding rounds
372
▲ +36.3%Companies funded
368
▲ +35.3%Named investors
832
▲ +106.5%Exits
40
▲ +0.0%Provenance: 87% of 372 rounds disclosed an amount · 73% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.29%
Methodology →Investments
Funding within May 2021
by dayFunding within May 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €4.2M | 1 |
| 02 | €2.9M | 1 |
| 03 | €28M | 8 |
| 04 | €818M | 24 |
| 05 | €455M | 19 |
| 06 | €611M | 19 |
| 07 | €137M | 10 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €132M | 6 |
| 11 | €95M | 14 |
| 12 | €1.2B | 28 |
| 13 | €57M | 5 |
| 14 | €309M | 19 |
| 15 | €73M | 24 |
| 16 | €0 | 0 |
| 17 | €235M | 39 |
| 18 | €7.0M | 4 |
| 19 | €336M | 8 |
| 20 | €3.0B | 48 |
| 21 | €22M | 4 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €46M | 1 |
| 25 | €53M | 4 |
| 26 | €1.6B | 21 |
| 27 | €1.5B | 47 |
| 28 | €357M | 17 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
| 31 | €50M | 1 |
Biggest deals
top 10 by amount- 1CinchGrowth/Late · UK · May 2021€1.2B
- 2SinchGrowth/Late · Sweden · May 2021€900M
- 3Trade RepublicSeries C · Germany · May 2021€738M
- 4ContentSquareSeries D+ · France · May 2021€410M
- 5Redwood SoftwareOther · Netherlands · May 2021€315M
- 6Razor GroupDebt · Germany · May 2021€312M
- 7Back MarketSeries D+ · France · May 2021€274M
- 8VintedSeries D+ · Lithuania · May 2021€250M
- 9ForterSeries D+ · Israel · May 2021€246M
- 10Oxford Nanopore TechnologiesOther · UK · May 2021€225M
Concentration
top 10 deals43.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.8B
Period total
€11B
Countries
Top countries
equity raisedMay 2021 — top countries — interactive chart.
Data table
| May 2021 — top countries | |
|---|---|
| UK | €2.4B |
| France | €1.5B |
| Germany | €1.3B |
| Israel | €1.3B |
| Sweden | €1.2B |
| Netherlands | €442M |
| Denmark | €295M |
| Switzerland | €285M |
| Belgium | €282M |
| Lithuania | €280M |
Capital by country
share of equityMay 2021 — capital by country — interactive chart.
Data table
| May 2021 — capital by country | |
|---|---|
| UK | €2.4B |
| France | €1.5B |
| Germany | €1.3B |
| Israel | €1.3B |
| Sweden | €1.2B |
| Netherlands | €442M |
| Denmark | €295M |
| Switzerland | €285M |
| Belgium | €282M |
| Lithuania | €280M |
| Other | €1.3B |
Geographic distribution
European countries shown · click a countryMay 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMay 2021 — top sectors — interactive chart.
Data table
| May 2021 — top sectors | |
|---|---|
| Software | €3.0B |
| Fintech | €2.2B |
| E-commerce | €2.0B |
| Cybersecurity | €1.1B |
| Healthtech | €864M |
| Media | €691M |
| Marketing | €521M |
| Cleantech | €322M |
| Fashion | €320M |
| Transportation | €311M |
Capital by sector
share of equityMay 2021 — capital by sector — interactive chart.
Data table
| May 2021 — capital by sector | |
|---|---|
| Software | €3.0B |
| Fintech | €2.2B |
| E-commerce | €2.0B |
| Cybersecurity | €1.1B |
| Healthtech | €864M |
| Media | €691M |
| Marketing | €521M |
| Cleantech | €322M |
| Other | €1.6B |
Stages
Funding by stage
total euro raised by round typeMay 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €5.4M |
| Seed | €157M |
| Series A | €675M |
| Series B | €1.1B |
| Series C | €1.3B |
| Series D+ | €1.9B |
| Early VC | €4.2M |
| Growth/Late | €2.1B |
| Debt | €580M |
| Crowdfunding | €26M |
| Other | €3.3B |
Exits
Exit activity
40
exits recorded
€1.6B
combined disclosed value
Exits breakdown
by typeMay 2021 — exits by type — interactive chart.
Data table
| May 2021 — exits by type | |
|---|---|
| Acquisition | 32 |
| IPO | 4 |
| Unknown | 4 |