European startup funding Dec 2022
Monthly report · 2022-12-01 – 2022-12-31 · vs Nov 2022
Monthly
Summary
auto-generatedIn Dec 2022, 340 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.6B, down 20.4% versus Nov 2022. Debt rounds added a further €3.9B.
Deal count moved -18.7% versus Nov 2022, with 925 named investors participating.
UK led by equity raised with €949M (26.5% of equity).
Software was the most-funded sector at €691M in equity (19.3%).
The ten largest rounds accounted for 53.4% of disclosed capital, led by Curve's €1.0B.
68 exits were recorded this month worth a combined €3.3B.
Equity funding
€3.6B
▼ -20.4%excl. debt & grants · +€3.9B debt
Funding rounds
340
▼ -18.7%Companies funded
334
▼ -19.5%Named investors
925
▼ -22.9%Exits
68
▼ -29.9%Provenance: 90% of 340 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.06%
Methodology →Investments
Funding within Dec 2022
by dayFunding within Dec 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €145M | 20 |
| 02 | €591M | 13 |
| 03 | €0 | 0 |
| 04 | €0 | 0 |
| 05 | €52M | 11 |
| 06 | €1.4B | 31 |
| 07 | €748M | 25 |
| 08 | €154M | 18 |
| 09 | €121M | 10 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €85M | 13 |
| 13 | €948M | 26 |
| 14 | €343M | 21 |
| 15 | €1.2B | 31 |
| 16 | €527M | 17 |
| 17 | €0 | 0 |
| 18 | €0 | 0 |
| 19 | €162M | 19 |
| 20 | €113M | 24 |
| 21 | €217M | 24 |
| 22 | €110M | 13 |
| 23 | €530M | 5 |
| 24 | €0 | 0 |
| 25 | €0 | 0 |
| 26 | €939k | 2 |
| 27 | €54M | 8 |
| 28 | €9.3M | 2 |
| 29 | €50M | 5 |
| 30 | €17M | 2 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1CurveDebt · UK · Dec 2022€1.0B
- 2EnpalDebt · Germany · Dec 2022€855M
- 3ILOS ProjectsDebt · Germany · Dec 2022€500M
- 4GreenDebt · Switzerland · Dec 2022€488M
- 5EinrideDebt · Sweden · Dec 2022€285M
- 6NoviCapDebt · Spain · Dec 2022€200M
- 7EinrideSeries C · Sweden · Dec 2022€190M
- 8DataikuSeries D+ · France · Dec 2022€190M
- 9MewsOther · Netherlands · Dec 2022€174M
- 10ZappiGrowth/Late · UK · Dec 2022€161M
Concentration
top 10 deals53.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.0B
Period total
€7.5B
Countries
Top countries
equity raisedDec 2022 — top countries — interactive chart.
Data table
| Dec 2022 — top countries | |
|---|---|
| UK | €949M |
| Germany | €486M |
| France | €450M |
| Netherlands | €418M |
| Sweden | €372M |
| Norway | €200M |
| Switzerland | €198M |
| Denmark | €147M |
| Spain | €78M |
| Belgium | €45M |
Capital by country
share of equityDec 2022 — capital by country — interactive chart.
Data table
| Dec 2022 — capital by country | |
|---|---|
| UK | €949M |
| Germany | €486M |
| France | €450M |
| Netherlands | €418M |
| Sweden | €372M |
| Norway | €200M |
| Switzerland | €198M |
| Denmark | €147M |
| Spain | €78M |
| Belgium | €45M |
| Other | €242M |
Geographic distribution
European countries shown · click a countryDec 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedDec 2022 — top sectors — interactive chart.
Data table
| Dec 2022 — top sectors | |
|---|---|
| Software | €691M |
| Fintech | €496M |
| Healthtech | €388M |
| E-commerce | €330M |
| Transportation | €315M |
| Travel | €260M |
| AI | €234M |
| Marketing | €151M |
| Proptech | €148M |
| Energy | €126M |
Capital by sector
share of equityDec 2022 — capital by sector — interactive chart.
Data table
| Dec 2022 — capital by sector | |
|---|---|
| Software | €691M |
| Fintech | €496M |
| Healthtech | €388M |
| E-commerce | €330M |
| Transportation | €315M |
| Travel | €260M |
| AI | €234M |
| Marketing | €151M |
| Other | €1.0B |
Stages
Funding by stage
total euro raised by round typeDec 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €23M |
| Seed | €143M |
| Series A | €365M |
| Series B | €437M |
| Series C | €388M |
| Series D+ | €250M |
| Growth/Late | €161M |
| Debt | €3.9B |
| Grant | €33M |
| Crowdfunding | €2.0M |
| Other | €1.8B |
Exits
Exit activity
68
exits recorded
€3.3B
combined disclosed value
Exits breakdown
by typeDec 2022 — exits by type — interactive chart.
Data table
| Dec 2022 — exits by type | |
|---|---|
| Acquisition | 63 |
| Merger | 3 |
| IPO | 2 |