European startup funding 2022
Annual report · 2022-01-01 – 2022-12-31 · vs 2021
Annual
Summary
auto-generatedIn 2022, 4,968 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €82B, down 26.0% versus 2021. Debt rounds added a further €19B.
Deal count moved -2.1% versus 2021, with 8,794 named investors participating.
UK led by equity raised with €28B (33.8% of equity).
Fintech was the most-funded sector at €19B in equity (22.8%).
The ten largest rounds accounted for 12.5% of disclosed capital, led by DAZN's €3.8B.
1,009 exits were recorded this year worth a combined €74B.
Equity funding
€82B
▼ -26.0%excl. debt & grants · +€19B debt
Funding rounds
4,968
▼ -2.1%Companies funded
4,707
▼ -1.2%Named investors
8,794
▲ +25.6%Exits
1,009
▼ -1.8%Provenance: 89% of 4,968 rounds disclosed an amount · 92% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.02%
Methodology →Investments
Funding within 2022
by monthFunding within 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €12B | 455 |
| Feb | €13B | 440 |
| Mar | €8.7B | 407 |
| Apr | €10B | 383 |
| May | €6.4B | 419 |
| Jun | €11B | 515 |
| Jul | €9.5B | 404 |
| Aug | €5.1B | 326 |
| Sep | €6.7B | 449 |
| Oct | €5.7B | 412 |
| Nov | €6.7B | 418 |
| Dec | €7.5B | 340 |
Biggest deals
top 10 by amount- 1DAZNOther · UK · Feb 2022€3.8B
- 2PolestarDebt · Sweden · Nov 2022€1.6B
- 3Delivery HeroDebt · Germany · Apr 2022€1.4B
- 4NorthvoltDebt · Sweden · Jul 2022€1.1B
- 5CurveDebt · UK · Dec 2022€1.0B
- 6Checkout.comSeries D+ · UK · Jan 2022€880M
- 7EnpalDebt · Germany · Dec 2022€855M
- 8KlarnaOther · Sweden · Jul 2022€792M
- 9GetirSeries D+ · Türkiye · Mar 2022€695M
- 10OcadoOther · UK · Jun 2022€672M
Concentration
top 10 deals12.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€13B
Period total
€102B
Countries
Top countries
equity raised2022 — top countries — interactive chart.
Data table
| 2022 — top countries | |
|---|---|
| UK | €28B |
| France | €12B |
| Germany | €11B |
| Sweden | €4.2B |
| Switzerland | €4.1B |
| Netherlands | €3.7B |
| Spain | €3.3B |
| Ireland | €1.8B |
| Italy | €1.7B |
| Finland | €1.7B |
Capital by country
share of equity2022 — capital by country — interactive chart.
Data table
| 2022 — capital by country | |
|---|---|
| UK | €28B |
| France | €12B |
| Germany | €11B |
| Sweden | €4.2B |
| Switzerland | €4.1B |
| Netherlands | €3.7B |
| Spain | €3.3B |
| Ireland | €1.8B |
| Italy | €1.7B |
| Finland | €1.7B |
| Other | €12B |
Geographic distribution
European countries shown · click a country2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2022 — top sectors — interactive chart.
Data table
| 2022 — top sectors | |
|---|---|
| Fintech | €19B |
| Software | €16B |
| Healthtech | €7.6B |
| Transportation | €6.7B |
| Energy | €5.7B |
| E-commerce | €3.9B |
| Cleantech | €3.9B |
| Foodtech | €2.4B |
| HRtech | €1.8B |
| Marketing | €1.7B |
Capital by sector
share of equity2022 — capital by sector — interactive chart.
Data table
| 2022 — capital by sector | |
|---|---|
| Fintech | €19B |
| Software | €16B |
| Healthtech | €7.6B |
| Transportation | €6.7B |
| Energy | €5.7B |
| E-commerce | €3.9B |
| Cleantech | €3.9B |
| Foodtech | €2.4B |
| Other | €22B |
Stages
Funding by stage
total euro raised by round type2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €393M |
| Seed | €3.0B |
| Series A | €9.4B |
| Series B | €9.9B |
| Series C | €6.8B |
| Series D+ | €11B |
| Early VC | €16M |
| Growth/Late | €465M |
| Debt | €19B |
| Grant | €276M |
| Crowdfunding | €66M |
| ICO | €33M |
| Other | €41B |
Exits
Exit activity
1,009
exits recorded
€74B
combined disclosed value
Exits breakdown
by type2022 — exits by type — interactive chart.
Data table
| 2022 — exits by type | |
|---|---|
| Acquisition | 955 |
| Merger | 32 |
| IPO | 13 |
| Unknown | 4 |
| Buyout | 4 |
| Management buyout | 1 |