European startup funding Oct 2022
Monthly report · 2022-10-01 – 2022-10-31 · vs Sep 2022
Monthly
Summary
auto-generatedIn Oct 2022, 412 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.3B, down 23.4% versus Sep 2022. Debt rounds added a further €1.3B.
Deal count moved -8.2% versus Sep 2022, with 1,107 named investors participating.
UK led by equity raised with €1.3B (28.9% of equity).
Software was the most-funded sector at €732M in equity (16.9%).
The ten largest rounds accounted for 32.3% of disclosed capital, led by Wise's €345M.
84 exits were recorded this month worth a combined €585M.
Equity funding
€4.3B
▼ -23.4%excl. debt & grants · +€1.3B debt
Funding rounds
412
▼ -8.2%Companies funded
408
▼ -8.7%Named investors
1,107
▼ -2.8%Exits
84
▲ +6.3%Provenance: 89% of 412 rounds disclosed an amount · 96% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.08%
Methodology →Investments
Funding within Oct 2022
by dayFunding within Oct 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €9.5M | 1 |
| 02 | €0 | 0 |
| 03 | €102M | 12 |
| 04 | €600M | 26 |
| 05 | €214M | 20 |
| 06 | €86M | 25 |
| 07 | €90M | 18 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €197M | 23 |
| 11 | €605M | 31 |
| 12 | €372M | 20 |
| 13 | €461M | 23 |
| 14 | €36M | 14 |
| 15 | €0 | 0 |
| 16 | €0 | 0 |
| 17 | €198M | 18 |
| 18 | €416M | 25 |
| 19 | €428M | 25 |
| 20 | €385M | 23 |
| 21 | €222M | 8 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €334M | 15 |
| 25 | €258M | 29 |
| 26 | €162M | 20 |
| 27 | €452M | 15 |
| 28 | €25M | 8 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
| 31 | €28M | 13 |
Biggest deals
top 10 by amount- 1WiseDebt · Estonia · Oct 2022€345M
- 2DBTDebt · Sweden · Oct 2022€287M
- 3FluroDebt · UK · Oct 2022€228M
- 4SunlyOther · Estonia · Oct 2022€200M
- 5SiltronicDebt · Germany · Oct 2022€200M
- 6VectivbioOther · Switzerland · Oct 2022€127M
- 7FactorialSeries C · Spain · Oct 2022€123M
- 8Capital on TapDebt · UK · Oct 2022€115M
- 9Connex OneSeries C · UK · Oct 2022€106M
- 10Homa GamesSeries B · France · Oct 2022€103M
Concentration
top 10 deals32.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.8B
Period total
€5.7B
Countries
Top countries
equity raisedOct 2022 — top countries — interactive chart.
Data table
| Oct 2022 — top countries | |
|---|---|
| UK | €1.3B |
| France | €551M |
| Germany | €470M |
| Spain | €414M |
| Netherlands | €361M |
| Switzerland | €324M |
| Estonia | €287M |
| Sweden | €209M |
| Belgium | €190M |
| Ireland | €79M |
Capital by country
share of equityOct 2022 — capital by country — interactive chart.
Data table
| Oct 2022 — capital by country | |
|---|---|
| UK | €1.3B |
| France | €551M |
| Germany | €470M |
| Spain | €414M |
| Netherlands | €361M |
| Switzerland | €324M |
| Estonia | €287M |
| Sweden | €209M |
| Belgium | €190M |
| Ireland | €79M |
| Other | €196M |
Geographic distribution
European countries shown · click a countryOct 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedOct 2022 — top sectors — interactive chart.
Data table
| Oct 2022 — top sectors | |
|---|---|
| Software | €732M |
| Healthtech | €711M |
| Fintech | €585M |
| Energy | €353M |
| Cybersecurity | €234M |
| Gaming | €231M |
| Cleantech | €221M |
| Transportation | €182M |
| Deeptech | €136M |
| E-commerce | €133M |
Capital by sector
share of equityOct 2022 — capital by sector — interactive chart.
Data table
| Oct 2022 — capital by sector | |
|---|---|
| Software | €732M |
| Healthtech | €711M |
| Fintech | €585M |
| Energy | €353M |
| Cybersecurity | €234M |
| Gaming | €231M |
| Cleantech | €221M |
| Transportation | €182M |
| Other | €1.1B |
Stages
Funding by stage
total euro raised by round typeOct 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €39M |
| Seed | €257M |
| Series A | €702M |
| Series B | €476M |
| Series C | €483M |
| Series D+ | €57M |
| Growth/Late | €128M |
| Debt | €1.3B |
| Grant | €2.3M |
| Crowdfunding | €8.7M |
| Other | €2.2B |
Exits
Exit activity
84
exits recorded
€585M
combined disclosed value
Exits breakdown
by typeOct 2022 — exits by type — interactive chart.
Data table
| Oct 2022 — exits by type | |
|---|---|
| Acquisition | 78 |
| Merger | 3 |
| Unknown | 2 |
| IPO | 1 |