European startup funding Q2 2021
Quarterly report · 2021-04-01 – 2021-06-30 · vs Q1 2021
Quarterly
Summary
auto-generatedIn Q2 2021, 1,097 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €32B, up 61.4% versus Q1 2021. Debt rounds added a further €1.2B.
Deal count moved +27.0% versus Q1 2021, with 1,995 named investors participating.
UK led by equity raised with €5.6B (17.7% of equity).
Software was the most-funded sector at €7.5B in equity (23.8%).
The ten largest rounds accounted for 26.8% of disclosed capital, led by Northvolt's €2.3B.
163 exits were recorded this quarter worth a combined €15B.
Equity funding
€32B
▲ +61.4%excl. debt & grants · +€1.2B debt
Funding rounds
1,097
▲ +27.0%Companies funded
1,086
▲ +26.4%Named investors
1,995
▲ +339.4%Exits
163
▼ -7.9%Provenance: 91% of 1,097 rounds disclosed an amount · 74% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.50%
Methodology →Investments
Funding within Q2 2021
by monthFunding within Q2 2021 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €7.7B | 273 |
| May | €11B | 372 |
| Jun | €14B | 452 |
Biggest deals
top 10 by amount- 1NorthvoltOther · Sweden · Jun 2021€2.3B
- 2CinchGrowth/Late · UK · May 2021€1.2B
- 3SinchGrowth/Late · Sweden · May 2021€900M
- 4CelonisSeries D+ · Germany · Jun 2021€821M
- 5Trade RepublicSeries C · Germany · May 2021€738M
- 6MollieSeries C · Netherlands · Jun 2021€665M
- 7MessageBirdSeries C · Netherlands · Apr 2021€663M
- 8TraxSeries D+ · Israel · Apr 2021€542M
- 9FlixMobilitySeries D+ · Germany · Jun 2021€533M
- 10WefoxSeries C · Germany · Jun 2021€532M
Concentration
top 10 deals26.8%
of disclosed capital came from the ten largest rounds.
Top 10 total
€8.8B
Period total
€33B
Countries
Top countries
equity raisedQ2 2021 — top countries — interactive chart.
Data table
| Q2 2021 — top countries | |
|---|---|
| UK | €5.6B |
| Sweden | €5.5B |
| Germany | €4.8B |
| Israel | €4.8B |
| France | €2.9B |
| Netherlands | €2.2B |
| Türkiye | €890M |
| Norway | €692M |
| Denmark | €559M |
| Belgium | €540M |
Capital by country
share of equityQ2 2021 — capital by country — interactive chart.
Data table
| Q2 2021 — capital by country | |
|---|---|
| UK | €5.6B |
| Sweden | €5.5B |
| Germany | €4.8B |
| Israel | €4.8B |
| France | €2.9B |
| Netherlands | €2.2B |
| Türkiye | €890M |
| Norway | €692M |
| Denmark | €559M |
| Belgium | €540M |
| Other | €3.2B |
Geographic distribution
European countries shown · click a countryQ2 2021 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2021 — top sectors — interactive chart.
Data table
| Q2 2021 — top sectors | |
|---|---|
| Software | €7.5B |
| Fintech | €6.9B |
| E-commerce | €3.7B |
| Cleantech | €2.7B |
| Healthtech | €2.3B |
| Cybersecurity | €2.3B |
| Transportation | €2.1B |
| Media | €1.2B |
| Marketing | €914M |
| Edtech | €836M |
Capital by sector
share of equityQ2 2021 — capital by sector — interactive chart.
Data table
| Q2 2021 — capital by sector | |
|---|---|
| Software | €7.5B |
| Fintech | €6.9B |
| E-commerce | €3.7B |
| Cleantech | €2.7B |
| Healthtech | €2.3B |
| Cybersecurity | €2.3B |
| Transportation | €2.1B |
| Media | €1.2B |
| Other | €7.0B |
Stages
Funding by stage
total euro raised by round typeQ2 2021 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €17M |
| Seed | €494M |
| Series A | €2.5B |
| Series B | €2.6B |
| Series C | €5.0B |
| Series D+ | €6.2B |
| Early VC | €6.1M |
| Growth/Late | €2.3B |
| Debt | €1.2B |
| Grant | €1.7M |
| Crowdfunding | €44M |
| Other | €13B |
Exits
Exit activity
163
exits recorded
€15B
combined disclosed value
Exits breakdown
by typeQ2 2021 — exits by type — interactive chart.
Data table
| Q2 2021 — exits by type | |
|---|---|
| Acquisition | 137 |
| IPO | 14 |
| Unknown | 7 |
| Merger | 4 |
| Leveraged buyout | 1 |