European startup funding Sep 2022
Monthly report · 2022-09-01 – 2022-09-30 · vs Aug 2022
Monthly
Summary
auto-generatedIn Sep 2022, 449 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.7B, up 100.0% versus Aug 2022. Debt rounds added a further €1.0B.
Deal count moved +37.7% versus Aug 2022, with 1,139 named investors participating.
France led by equity raised with €1.4B (24.1% of equity).
Software was the most-funded sector at €1.2B in equity (21.3%).
The ten largest rounds accounted for 37.7% of disclosed capital, led by Bending Spoons's €355M.
79 exits were recorded this month worth a combined €4.9B.
Equity funding
€5.7B
▲ +100.0%excl. debt & grants · +€1.0B debt
Funding rounds
449
▲ +37.7%Companies funded
447
▲ +38.8%Named investors
1,139
▲ +35.0%Exits
79
▼ -15.1%Provenance: 91% of 449 rounds disclosed an amount · 94% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.11%
Methodology →Investments
Funding within Sep 2022
by dayFunding within Sep 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €445M | 18 |
| 02 | €615M | 12 |
| 03 | €0 | 0 |
| 04 | €0 | 0 |
| 05 | €94M | 12 |
| 06 | €97M | 14 |
| 07 | €450M | 29 |
| 08 | €224M | 28 |
| 09 | €64M | 7 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €114M | 16 |
| 13 | €288M | 26 |
| 14 | €256M | 24 |
| 15 | €314M | 31 |
| 16 | €56M | 13 |
| 17 | €0 | 0 |
| 18 | €0 | 0 |
| 19 | €76M | 18 |
| 20 | €502M | 26 |
| 21 | €430M | 22 |
| 22 | €321M | 30 |
| 23 | €142M | 14 |
| 24 | €0 | 0 |
| 25 | €0 | 0 |
| 26 | €221M | 19 |
| 27 | €327M | 19 |
| 28 | €1.2B | 30 |
| 29 | €348M | 26 |
| 30 | €56M | 15 |
Biggest deals
top 10 by amount- 1Bending SpoonsOther · Italy · Sep 2022€355M
- 2SatispaySeries D+ · Italy · Sep 2022€320M
- 3MAHLEDebt · Germany · Sep 2022€300M
- 4GroverOther · Germany · Sep 2022€270M
- 5InnovafeedSeries D+ · France · Sep 2022€250M
- 6MoneyflowDebt · Denmark · Sep 2022€250M
- 7ZeplugOther · France · Sep 2022€240M
- 8WayflyerDebt · Ireland · Sep 2022€200M
- 9BumpSeries A · France · Sep 2022€180M
- 10LiberisOther · UK · Sep 2022€156M
Concentration
top 10 deals37.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.5B
Period total
€6.7B
Countries
Top countries
equity raisedSep 2022 — top countries — interactive chart.
Data table
| Sep 2022 — top countries | |
|---|---|
| France | €1.4B |
| UK | €1.2B |
| Germany | €872M |
| Italy | €676M |
| Switzerland | €318M |
| Netherlands | €222M |
| Sweden | €178M |
| Norway | €136M |
| Denmark | €112M |
| Spain | €106M |
Capital by country
share of equitySep 2022 — capital by country — interactive chart.
Data table
| Sep 2022 — capital by country | |
|---|---|
| France | €1.4B |
| UK | €1.2B |
| Germany | €872M |
| Italy | €676M |
| Switzerland | €318M |
| Netherlands | €222M |
| Sweden | €178M |
| Norway | €136M |
| Denmark | €112M |
| Spain | €106M |
| Other | €481M |
Geographic distribution
European countries shown · click a countrySep 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedSep 2022 — top sectors — interactive chart.
Data table
| Sep 2022 — top sectors | |
|---|---|
| Software | €1.2B |
| Fintech | €1.0B |
| Transportation | €574M |
| Healthtech | €522M |
| E-commerce | €507M |
| Energy | €477M |
| Agritech | €319M |
| Foodtech | €255M |
| Media | €182M |
| Hardware | €152M |
Capital by sector
share of equitySep 2022 — capital by sector — interactive chart.
Data table
| Sep 2022 — capital by sector | |
|---|---|
| Software | €1.2B |
| Fintech | €1.0B |
| Transportation | €574M |
| Healthtech | €522M |
| E-commerce | €507M |
| Energy | €477M |
| Agritech | €319M |
| Foodtech | €255M |
| Other | €1.3B |
Stages
Funding by stage
total euro raised by round typeSep 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €31M |
| Seed | €262M |
| Series A | €1.0B |
| Series B | €834M |
| Series C | €163M |
| Series D+ | €630M |
| Growth/Late | €6.3M |
| Debt | €1.0B |
| Grant | €20M |
| Crowdfunding | €11M |
| ICO | €5.3M |
| Other | €2.7B |
Exits
Exit activity
79
exits recorded
€4.9B
combined disclosed value
Exits breakdown
by typeSep 2022 — exits by type — interactive chart.
Data table
| Sep 2022 — exits by type | |
|---|---|
| Acquisition | 71 |
| Merger | 6 |
| Buyout | 1 |
| Unknown | 1 |