European startup funding Mar 2022
Monthly report · 2022-03-01 – 2022-03-31 · vs Feb 2022
Monthly
Summary
auto-generatedIn Mar 2022, 407 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.8B, down 32.8% versus Feb 2022. Debt rounds added a further €918M.
Deal count moved -7.5% versus Feb 2022, with 1,159 named investors participating.
UK led by equity raised with €2.4B (30.6% of equity).
Fintech was the most-funded sector at €1.8B in equity (23.0%).
The ten largest rounds accounted for 38.6% of disclosed capital, led by Getir's €695M.
104 exits were recorded this month worth a combined €2.7B.
Equity funding
€7.8B
▼ -32.8%excl. debt & grants · +€918M debt
Funding rounds
407
▼ -7.5%Companies funded
407
▼ -6.9%Named investors
1,159
▼ -4.4%Exits
104
▲ +20.9%Provenance: 88% of 407 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.07%
Methodology →Investments
Funding within Mar 2022
by dayFunding within Mar 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €503M | 20 |
| 02 | €118M | 18 |
| 03 | €129M | 12 |
| 04 | €219M | 10 |
| 05 | €0 | 0 |
| 06 | €210k | 1 |
| 07 | €365M | 12 |
| 08 | €215M | 11 |
| 09 | €548M | 28 |
| 10 | €861M | 24 |
| 11 | €135M | 12 |
| 12 | €0 | 0 |
| 13 | €2.9M | 1 |
| 14 | €216M | 12 |
| 15 | €933M | 28 |
| 16 | €184M | 13 |
| 17 | €1.0B | 21 |
| 18 | €12M | 4 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €265M | 15 |
| 22 | €357M | 28 |
| 23 | €183M | 20 |
| 24 | €512M | 23 |
| 25 | €625M | 10 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €52M | 18 |
| 29 | €838M | 30 |
| 30 | €337M | 21 |
| 31 | €105M | 15 |
Biggest deals
top 10 by amount- 1GetirSeries D+ · Türkiye · Mar 2022€695M
- 2Mainstream Renewable PowerOther · Ireland · Mar 2022€575M
- 3DoctolibDebt · France · Mar 2022€500M
- 4CityFibreOther · UK · Mar 2022€355M
- 5LendableOther · UK · Mar 2022€249M
- 6FortoSeries D+ · Germany · Mar 2022€229M
- 7ClearBankOther · UK · Mar 2022€209M
- 8SunfireOther · Germany · Mar 2022€195M
- 9finnDebt · Germany · Mar 2022€179M
- 10Currencies DirectOther · UK · Mar 2022€168M
Concentration
top 10 deals38.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.4B
Period total
€8.7B
Countries
Top countries
equity raisedMar 2022 — top countries — interactive chart.
Data table
| Mar 2022 — top countries | |
|---|---|
| UK | €2.4B |
| Germany | €1.3B |
| France | €917M |
| Türkiye | €828M |
| Ireland | €614M |
| Spain | €352M |
| Netherlands | €267M |
| Sweden | €177M |
| Switzerland | €149M |
| Norway | €130M |
Capital by country
share of equityMar 2022 — capital by country — interactive chart.
Data table
| Mar 2022 — capital by country | |
|---|---|
| UK | €2.4B |
| Germany | €1.3B |
| France | €917M |
| Türkiye | €828M |
| Ireland | €614M |
| Spain | €352M |
| Netherlands | €267M |
| Sweden | €177M |
| Switzerland | €149M |
| Norway | €130M |
| Other | €654M |
Geographic distribution
European countries shown · click a countryMar 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2022 — top sectors — interactive chart.
Data table
| Mar 2022 — top sectors | |
|---|---|
| Fintech | €1.8B |
| Software | €1.2B |
| E-commerce | €1.0B |
| Energy | €1.0B |
| Transportation | €487M |
| Healthtech | €416M |
| Telecom | €355M |
| Media | €296M |
| Robotics | €252M |
| Marketing | €245M |
Capital by sector
share of equityMar 2022 — capital by sector — interactive chart.
Data table
| Mar 2022 — capital by sector | |
|---|---|
| Fintech | €1.8B |
| Software | €1.2B |
| E-commerce | €1.0B |
| Energy | €1.0B |
| Transportation | €487M |
| Healthtech | €416M |
| Telecom | €355M |
| Media | €296M |
| Other | €1.7B |
Stages
Funding by stage
total euro raised by round typeMar 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €19M |
| Seed | €179M |
| Series A | €702M |
| Series B | €1.1B |
| Series C | €452M |
| Series D+ | €1.8B |
| Early VC | €2.5M |
| Debt | €918M |
| Grant | €503k |
| Crowdfunding | €1.9M |
| ICO | €27M |
| Other | €3.5B |
Exits
Exit activity
104
exits recorded
€2.7B
combined disclosed value
Exits breakdown
by typeMar 2022 — exits by type — interactive chart.
Data table
| Mar 2022 — exits by type | |
|---|---|
| Acquisition | 101 |
| Merger | 2 |
| IPO | 1 |