European startup funding Oct 2021
Monthly report · 2021-10-01 – 2021-10-31 · vs Sep 2021
Monthly
Summary
auto-generatedIn Oct 2021, 509 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €8.5B, down 27.8% versus Sep 2021. Debt rounds added a further €136M.
Deal count moved -13.3% versus Sep 2021, with 1,212 named investors participating.
Germany led by equity raised with €3.0B (35.5% of equity).
Fintech was the most-funded sector at €3.1B in equity (36.2%).
The ten largest rounds accounted for 41.8% of disclosed capital, led by Gorillas's €858M.
96 exits were recorded this month worth a combined €12B.
Equity funding
€8.5B
▼ -27.8%excl. debt & grants · +€136M debt
Funding rounds
509
▼ -13.3%Companies funded
507
▼ -12.6%Named investors
1,212
▼ -15.1%Exits
96
▼ -6.8%Provenance: 91% of 509 rounds disclosed an amount · 74% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.15%
Methodology →Investments
Funding within Oct 2021
by dayFunding within Oct 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €166M | 19 |
| 02 | €0 | 0 |
| 03 | €15M | 4 |
| 04 | €210M | 35 |
| 05 | €354M | 28 |
| 06 | €544M | 31 |
| 07 | €114M | 19 |
| 08 | €217M | 11 |
| 09 | €0 | 0 |
| 10 | €0 | 0 |
| 11 | €460M | 45 |
| 12 | €475M | 30 |
| 13 | €907M | 18 |
| 14 | €155M | 31 |
| 15 | €53M | 7 |
| 16 | €0 | 0 |
| 17 | €0 | 0 |
| 18 | €940M | 4 |
| 19 | €1.4B | 36 |
| 20 | €15M | 1 |
| 21 | €1.0B | 67 |
| 22 | €67M | 10 |
| 23 | €0 | 0 |
| 24 | €0 | 0 |
| 25 | €200M | 4 |
| 26 | €267M | 38 |
| 27 | €641M | 27 |
| 28 | €98M | 13 |
| 29 | €333M | 29 |
| 30 | €1.0M | 2 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1GorillasSeries C · Germany · Oct 2021€858M
- 2N26Series D+ · Germany · Oct 2021€776M
- 3StorfundOther · UK · Oct 2021€355M
- 4Celsius NetworkOther · UK · Oct 2021€346M
- 5Global Processing ServicesOther · UK · Oct 2021€259M
- 6ZopaOther · UK · Oct 2021€257M
- 7PersonioSeries D+ · Germany · Oct 2021€234M
- 8Smart PensionSeries D+ · UK · Oct 2021€194M
- 9SwileSeries D+ · France · Oct 2021€173M
- 10Tier MobilitySeries D+ · Germany · Oct 2021€172M
Concentration
top 10 deals41.8%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.6B
Period total
€8.7B
Countries
Top countries
equity raisedOct 2021 — top countries — interactive chart.
Data table
| Oct 2021 — top countries | |
|---|---|
| Germany | €3.0B |
| UK | €2.9B |
| France | €1.0B |
| Sweden | €334M |
| Switzerland | €237M |
| Spain | €189M |
| Netherlands | €132M |
| Austria | €108M |
| Türkiye | €83M |
| Norway | €69M |
Capital by country
share of equityOct 2021 — capital by country — interactive chart.
Data table
| Oct 2021 — capital by country | |
|---|---|
| Germany | €3.0B |
| UK | €2.9B |
| France | €1.0B |
| Sweden | €334M |
| Switzerland | €237M |
| Spain | €189M |
| Netherlands | €132M |
| Austria | €108M |
| Türkiye | €83M |
| Norway | €69M |
| Other | €361M |
Geographic distribution
European countries shown · click a countryOct 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedOct 2021 — top sectors — interactive chart.
Data table
| Oct 2021 — top sectors | |
|---|---|
| Fintech | €3.1B |
| Software | €1.9B |
| Transportation | €1.2B |
| Healthtech | €853M |
| HRtech | €415M |
| Cleantech | €409M |
| Foodtech | €363M |
| Energy | €290M |
| Cloud | €248M |
| Proptech | €242M |
Capital by sector
share of equityOct 2021 — capital by sector — interactive chart.
Data table
| Oct 2021 — capital by sector | |
|---|---|
| Fintech | €3.1B |
| Software | €1.9B |
| Transportation | €1.2B |
| Healthtech | €853M |
| HRtech | €415M |
| Cleantech | €409M |
| Foodtech | €363M |
| Energy | €290M |
| Other | €1.8B |
Stages
Funding by stage
total euro raised by round typeOct 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €63M |
| Seed | €245M |
| Series A | €822M |
| Series B | €667M |
| Series C | €1.5B |
| Series D+ | €1.6B |
| Early VC | €1.0M |
| Growth/Late | €28M |
| Debt | €136M |
| Grant | €11M |
| Crowdfunding | €32M |
| ICO | €3.1M |
| Other | €3.6B |
Exits
Exit activity
96
exits recorded
€12B
combined disclosed value
Exits breakdown
by typeOct 2021 — exits by type — interactive chart.
Data table
| Oct 2021 — exits by type | |
|---|---|
| Acquisition | 84 |
| IPO | 5 |
| Merger | 4 |
| Unknown | 3 |