European startup funding Nov 2022
Monthly report · 2022-11-01 – 2022-11-30 · vs Oct 2022
Monthly
Summary
auto-generatedIn Nov 2022, 418 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.5B, up 3.9% versus Oct 2022. Debt rounds added a further €2.2B.
Deal count moved +1.5% versus Oct 2022, with 1,200 named investors participating.
UK led by equity raised with €1.3B (28.6% of equity).
Fintech was the most-funded sector at €709M in equity (15.8%).
The ten largest rounds accounted for 46.5% of disclosed capital, led by Polestar's €1.6B.
97 exits were recorded this month worth a combined €3.0B.
Equity funding
€4.5B
▲ +3.9%excl. debt & grants · +€2.2B debt
Funding rounds
418
▲ +1.5%Companies funded
415
▲ +1.7%Named investors
1,200
▲ +8.4%Exits
97
▲ +15.5%Provenance: 89% of 418 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 Nov 2022
by dayFunding within Nov 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €349M | 10 |
| 02 | €265M | 30 |
| 03 | €1.8B | 21 |
| 04 | €465M | 11 |
| 05 | €0 | 0 |
| 06 | €0 | 0 |
| 07 | €332M | 18 |
| 08 | €382M | 25 |
| 09 | €283M | 27 |
| 10 | €47M | 17 |
| 11 | €38M | 13 |
| 12 | €0 | 0 |
| 13 | €0 | 0 |
| 14 | €232M | 13 |
| 15 | €215M | 25 |
| 16 | €400M | 24 |
| 17 | €92M | 24 |
| 18 | €153M | 13 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €418M | 19 |
| 22 | €193M | 25 |
| 23 | €109M | 21 |
| 24 | €112M | 15 |
| 25 | €199M | 16 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €330M | 19 |
| 29 | €93M | 14 |
| 30 | €255M | 18 |
Biggest deals
top 10 by amount- 1PolestarDebt · Sweden · Nov 2022€1.6B
- 2VerkorOther · France · Nov 2022€250M
- 3ABB E-mobilityOther · Switzerland · Nov 2022€204M
- 4OVHcloudDebt · France · Nov 2022€200M
- 5Matter LabsSeries C · Germany · Nov 2022€192M
- 6VolocopterSeries D+ · Germany · Nov 2022€183M
- 7Statera EnergyDebt · UK · Nov 2022€133M
- 8Be.EVOther · UK · Nov 2022€128M
- 9UnavetsOther · Spain · Nov 2022€116M
- 10TauRx PharmaceuticalsOther · UK · Nov 2022€115M
Concentration
top 10 deals46.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.1B
Period total
€6.7B
Countries
Top countries
equity raisedNov 2022 — top countries — interactive chart.
Data table
| Nov 2022 — top countries | |
|---|---|
| UK | €1.3B |
| Germany | €881M |
| France | €751M |
| Switzerland | €356M |
| Spain | €336M |
| Belgium | €258M |
| Netherlands | €118M |
| Sweden | €99M |
| Romania | €78M |
| Finland | €67M |
Capital by country
share of equityNov 2022 — capital by country — interactive chart.
Data table
| Nov 2022 — capital by country | |
|---|---|
| UK | €1.3B |
| Germany | €881M |
| France | €751M |
| Switzerland | €356M |
| Spain | €336M |
| Belgium | €258M |
| Netherlands | €118M |
| Sweden | €99M |
| Romania | €78M |
| Finland | €67M |
| Other | €272M |
Geographic distribution
European countries shown · click a countryNov 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedNov 2022 — top sectors — interactive chart.
Data table
| Nov 2022 — top sectors | |
|---|---|
| Fintech | €709M |
| Healthtech | €607M |
| Energy | €569M |
| Software | €557M |
| Transportation | €427M |
| Proptech | €221M |
| Robotics | €198M |
| Marketing | €155M |
| Consumer | €142M |
| Foodtech | €129M |
Capital by sector
share of equityNov 2022 — capital by sector — interactive chart.
Data table
| Nov 2022 — capital by sector | |
|---|---|
| Fintech | €709M |
| Healthtech | €607M |
| Energy | €569M |
| Software | €557M |
| Transportation | €427M |
| Proptech | €221M |
| Robotics | €198M |
| Marketing | €155M |
| Other | €1.3B |
Stages
Funding by stage
total euro raised by round typeNov 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €34M |
| Seed | €323M |
| Series A | €707M |
| Series B | €488M |
| Series C | €571M |
| Series D+ | €183M |
| Early VC | €2.8M |
| Growth/Late | €67M |
| Debt | €2.2B |
| Grant | €6.0M |
| Crowdfunding | €8.4M |
| Other | €2.1B |
Exits
Exit activity
97
exits recorded
€3.0B
combined disclosed value
Exits breakdown
by typeNov 2022 — exits by type — interactive chart.
Data table
| Nov 2022 — exits by type | |
|---|---|
| Acquisition | 89 |
| IPO | 3 |
| Buyout | 2 |
| Merger | 2 |
| Unknown | 1 |