European startup funding Sep 2021
Monthly report · 2021-09-01 – 2021-09-30 · vs Aug 2021
Monthly
Summary
auto-generatedIn Sep 2021, 587 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €12B, up 12.7% versus Aug 2021. Debt rounds added a further €2.3B.
Deal count moved +34.3% versus Aug 2021, with 1,427 named investors participating.
UK led by equity raised with €4.2B (35.7% of equity).
Software was the most-funded sector at €2.6B in equity (22.3%).
The ten largest rounds accounted for 39.7% of disclosed capital, led by Delivery Hero's €1.3B.
103 exits were recorded this month worth a combined €5.7B.
Equity funding
€12B
▲ +12.7%excl. debt & grants · +€2.3B debt
Funding rounds
587
▲ +34.3%Companies funded
580
▲ +33.9%Named investors
1,427
▲ +28.6%Exits
103
▼ -11.2%Provenance: 88% of 587 rounds disclosed an amount · 73% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.22%
Methodology →Investments
Funding within Sep 2021
by dayFunding within Sep 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €673M | 26 |
| 02 | €922M | 26 |
| 03 | €1.4B | 26 |
| 04 | €389k | 1 |
| 05 | €12M | 6 |
| 06 | €259M | 26 |
| 07 | €300M | 32 |
| 08 | €220M | 22 |
| 09 | €919M | 30 |
| 10 | €1.1B | 31 |
| 11 | €120M | 3 |
| 12 | €7.5M | 3 |
| 13 | €585M | 17 |
| 14 | €98M | 7 |
| 15 | €284M | 43 |
| 16 | €1.4B | 39 |
| 17 | €190M | 9 |
| 18 | €3.4M | 1 |
| 19 | €2.2M | 1 |
| 20 | €555M | 38 |
| 21 | €1.5B | 35 |
| 22 | €765M | 21 |
| 23 | €237M | 28 |
| 24 | €453M | 10 |
| 25 | €3.6M | 2 |
| 26 | €0 | 0 |
| 27 | €503M | 37 |
| 28 | €1.1B | 28 |
| 29 | €78M | 19 |
| 30 | €302M | 20 |
Biggest deals
top 10 by amount- 1Delivery HeroDebt · Germany · Sep 2021€1.3B
- 2PicnicSeries D+ · Netherlands · Sep 2021€600M
- 3Berlin Brands GroupOther · Germany · Sep 2021€591M
- 4SorareSeries B · France · Sep 2021€579M
- 5Octopus EnergyOther · UK · Sep 2021€514M
- 6MiraklSeries D+ · France · Sep 2021€473M
- 7SnykSeries D+ · UK · Sep 2021€448M
- 8Prodigy FinanceOther · UK · Sep 2021€426M
- 9DivideBuyOther · UK · Sep 2021€352M
- 10EnpalDebt · Germany · Sep 2021€345M
Concentration
top 10 deals39.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€5.6B
Period total
€14B
Countries
Top countries
equity raisedSep 2021 — top countries — interactive chart.
Data table
| Sep 2021 — top countries | |
|---|---|
| UK | €4.2B |
| France | €1.8B |
| Germany | €1.5B |
| Netherlands | €1.3B |
| Sweden | €568M |
| Switzerland | €541M |
| Spain | €323M |
| Cyprus | €302M |
| Russia | €253M |
| Finland | €236M |
Capital by country
share of equitySep 2021 — capital by country — interactive chart.
Data table
| Sep 2021 — capital by country | |
|---|---|
| UK | €4.2B |
| France | €1.8B |
| Germany | €1.5B |
| Netherlands | €1.3B |
| Sweden | €568M |
| Switzerland | €541M |
| Spain | €323M |
| Cyprus | €302M |
| Russia | €253M |
| Finland | €236M |
| Other | €754M |
Geographic distribution
European countries shown · click a countrySep 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedSep 2021 — top sectors — interactive chart.
Data table
| Sep 2021 — top sectors | |
|---|---|
| Software | €2.6B |
| Fintech | €1.9B |
| E-commerce | €1.8B |
| Energy | €1.0B |
| Transportation | €1.0B |
| Healthtech | €894M |
| Gaming | €842M |
| Marketing | €705M |
| Sports | €633M |
| Cybersecurity | €628M |
Capital by sector
share of equitySep 2021 — capital by sector — interactive chart.
Data table
| Sep 2021 — capital by sector | |
|---|---|
| Software | €2.6B |
| Fintech | €1.9B |
| E-commerce | €1.8B |
| Energy | €1.0B |
| Transportation | €1.0B |
| Healthtech | €894M |
| Gaming | €842M |
| Marketing | €705M |
| Other | €4.2B |
Stages
Funding by stage
total euro raised by round typeSep 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €20M |
| Seed | €206M |
| Series A | €1.0B |
| Series B | €1.7B |
| Series C | €1.4B |
| Series D+ | €1.7B |
| Early VC | €1.2M |
| Growth/Late | €5.0M |
| Debt | €2.3B |
| Grant | €480k |
| Crowdfunding | €3.8M |
| ICO | €10M |
| Other | €5.8B |
Exits
Exit activity
103
exits recorded
€5.7B
combined disclosed value
Exits breakdown
by typeSep 2021 — exits by type — interactive chart.
Data table
| Sep 2021 — exits by type | |
|---|---|
| Acquisition | 95 |
| Merger | 5 |
| IPO | 3 |