European startup funding Nov 2021
Monthly report · 2021-11-01 – 2021-11-30 · vs Oct 2021
Monthly
Summary
auto-generatedIn Nov 2021, 530 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.6B, down 10.5% versus Oct 2021. Debt rounds added a further €330M.
Deal count moved +4.1% versus Oct 2021, with 1,332 named investors participating.
UK led by equity raised with €2.7B (34.8% of equity).
Fintech was the most-funded sector at €1.4B in equity (17.9%).
The ten largest rounds accounted for 29.1% of disclosed capital, led by IONITY's €700M.
158 exits were recorded this month worth a combined €28B.
Equity funding
€7.6B
▼ -10.5%excl. debt & grants · +€330M debt
Funding rounds
530
▲ +4.1%Companies funded
530
▲ +4.5%Named investors
1,332
▲ +9.9%Exits
158
▲ +64.6%Provenance: 87% of 530 rounds disclosed an amount · 79% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.07%
Methodology →Investments
Funding within Nov 2021
by dayFunding within Nov 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €40M | 17 |
| 02 | €6.5M | 1 |
| 03 | €559M | 66 |
| 04 | €128M | 18 |
| 05 | €108M | 10 |
| 06 | €0 | 0 |
| 07 | €0 | 0 |
| 08 | €445M | 28 |
| 09 | €258M | 26 |
| 10 | €511M | 26 |
| 11 | €245M | 19 |
| 12 | €87M | 11 |
| 13 | €0 | 0 |
| 14 | €0 | 0 |
| 15 | €363M | 23 |
| 16 | €442M | 24 |
| 17 | €223M | 25 |
| 18 | €442M | 28 |
| 19 | €337M | 27 |
| 20 | €0 | 0 |
| 21 | €2.2M | 2 |
| 22 | €335M | 25 |
| 23 | €356M | 24 |
| 24 | €1.0B | 32 |
| 25 | €451M | 26 |
| 26 | €206M | 20 |
| 27 | €0 | 0 |
| 28 | €19M | 1 |
| 29 | €1.1B | 25 |
| 30 | €301M | 26 |
Biggest deals
top 10 by amount- 1IONITYOther · Germany · Nov 2021€700M
- 2GroverDebt · Germany · Nov 2021€222M
- 3CollibraSeries D+ · Belgium · Nov 2021€216M
- 4JokrOther · Germany · Nov 2021€200M
- 5Thought MachineSeries C · UK · Nov 2021€177M
- 6Vertical AerospaceOther · UK · Nov 2021€177M
- 7MotorwaySeries C · UK · Nov 2021€168M
- 8OwkinOther · France · Nov 2021€159M
- 9Accel ClubOther · Netherlands · Nov 2021€151M
- 10Plastic EnergyOther · UK · Nov 2021€145M
Concentration
top 10 deals29.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.3B
Period total
€8.0B
Countries
Top countries
equity raisedNov 2021 — top countries — interactive chart.
Data table
| Nov 2021 — top countries | |
|---|---|
| UK | €2.7B |
| Germany | €1.9B |
| France | €778M |
| Sweden | €295M |
| Belgium | €240M |
| Netherlands | €222M |
| Ireland | €220M |
| Switzerland | €204M |
| Denmark | €190M |
| Portugal | €161M |
Capital by country
share of equityNov 2021 — capital by country — interactive chart.
Data table
| Nov 2021 — capital by country | |
|---|---|
| UK | €2.7B |
| Germany | €1.9B |
| France | €778M |
| Sweden | €295M |
| Belgium | €240M |
| Netherlands | €222M |
| Ireland | €220M |
| Switzerland | €204M |
| Denmark | €190M |
| Portugal | €161M |
| Other | €758M |
Geographic distribution
European countries shown · click a countryNov 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedNov 2021 — top sectors — interactive chart.
Data table
| Nov 2021 — top sectors | |
|---|---|
| Fintech | €1.4B |
| Software | €1.2B |
| Healthtech | €1.0B |
| E-commerce | €927M |
| Energy | €894M |
| Transportation | €564M |
| Cleantech | €282M |
| AI | €179M |
| Marketing | €162M |
| Telecom | €158M |
Capital by sector
share of equityNov 2021 — capital by sector — interactive chart.
Data table
| Nov 2021 — capital by sector | |
|---|---|
| Fintech | €1.4B |
| Software | €1.2B |
| Healthtech | €1.0B |
| E-commerce | €927M |
| Energy | €894M |
| Transportation | €564M |
| Cleantech | €282M |
| AI | €179M |
| Other | €1.2B |
Stages
Funding by stage
total euro raised by round typeNov 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €42M |
| Seed | €286M |
| Series A | €636M |
| Series B | €1.4B |
| Series C | €931M |
| Series D+ | €526M |
| Early VC | €1.2M |
| Growth/Late | €23M |
| Debt | €330M |
| Grant | €9.9M |
| Crowdfunding | €25M |
| Other | €3.8B |
Exits
Exit activity
158
exits recorded
€28B
combined disclosed value
Exits breakdown
by typeNov 2021 — exits by type — interactive chart.
Data table
| Nov 2021 — exits by type | |
|---|---|
| Acquisition | 153 |
| IPO | 3 |
| Merger | 2 |