European startup funding H1 2022
Half-year report · 2022-01-01 – 2022-06-30 · vs H2 2021
Half-year
Summary
auto-generatedIn H1 2022, 2,619 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €54B, down 9.8% versus H2 2021. Debt rounds added a further €6.8B.
Deal count moved -15.9% versus H2 2021, with 5,327 named investors participating.
UK led by equity raised with €20B (36.7% of equity).
Fintech was the most-funded sector at €13B in equity (24.9%).
The ten largest rounds accounted for 17.1% of disclosed capital, led by DAZN's €3.8B.
525 exits were recorded this half-year worth a combined €19B.
Equity funding
€54B
▼ -9.8%excl. debt & grants · +€6.8B debt
Funding rounds
2,619
▼ -15.9%Companies funded
2,558
▼ -15.4%Named investors
5,327
▼ -6.6%Exits
525
▼ -23.6%Provenance: 90% of 2,619 rounds disclosed an amount · 91% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.01%
Methodology →Investments
Funding within H1 2022
by monthFunding within H1 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €12B | 455 |
| Feb | €13B | 440 |
| Mar | €8.7B | 407 |
| Apr | €10B | 383 |
| May | €6.4B | 419 |
| Jun | €11B | 515 |
Biggest deals
top 10 by amount- 1DAZNOther · UK · Feb 2022€3.8B
- 2Delivery HeroDebt · Germany · Apr 2022€1.4B
- 3Checkout.comSeries D+ · UK · Jan 2022€880M
- 4GetirSeries D+ · Türkiye · Mar 2022€695M
- 5OcadoOther · UK · Jun 2022€672M
- 6BoltSeries D+ · Estonia · Jan 2022€628M
- 7ClimeworksOther · Switzerland · Apr 2022€593M
- 8SumUpOther · UK · Jun 2022€590M
- 9Mainstream Renewable PowerOther · Ireland · Mar 2022€575M
- 10CazooDebt · UK · Feb 2022€551M
Concentration
top 10 deals17.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€10B
Period total
€61B
Countries
Top countries
equity raisedH1 2022 — top countries — interactive chart.
Data table
| H1 2022 — top countries | |
|---|---|
| UK | €20B |
| France | €7.3B |
| Germany | €6.3B |
| Switzerland | €2.5B |
| Netherlands | €2.3B |
| Spain | €1.9B |
| Sweden | €1.9B |
| Ireland | €1.5B |
| Türkiye | €1.4B |
| Finland | €1.3B |
Capital by country
share of equityH1 2022 — capital by country — interactive chart.
Data table
| H1 2022 — capital by country | |
|---|---|
| UK | €20B |
| France | €7.3B |
| Germany | €6.3B |
| Switzerland | €2.5B |
| Netherlands | €2.3B |
| Spain | €1.9B |
| Sweden | €1.9B |
| Ireland | €1.5B |
| Türkiye | €1.4B |
| Finland | €1.3B |
| Other | €7.8B |
Geographic distribution
European countries shown · click a countryH1 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2022 — top sectors — interactive chart.
Data table
| H1 2022 — top sectors | |
|---|---|
| Fintech | €13B |
| Software | €11B |
| Transportation | €4.6B |
| Healthtech | €4.1B |
| E-commerce | €2.8B |
| Energy | €2.6B |
| Cleantech | €2.6B |
| Foodtech | €1.7B |
| HRtech | €1.3B |
| Edtech | €1.2B |
Capital by sector
share of equityH1 2022 — capital by sector — interactive chart.
Data table
| H1 2022 — capital by sector | |
|---|---|
| Fintech | €13B |
| Software | €11B |
| Transportation | €4.6B |
| Healthtech | €4.1B |
| E-commerce | €2.8B |
| Energy | €2.6B |
| Cleantech | €2.6B |
| Foodtech | €1.7B |
| Other | €13B |
Stages
Funding by stage
total euro raised by round typeH1 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €191M |
| Seed | €1.6B |
| Series A | €5.6B |
| Series B | €6.6B |
| Series C | €4.9B |
| Series D+ | €9.1B |
| Early VC | €9.8M |
| Debt | €6.8B |
| Grant | €25M |
| Crowdfunding | €25M |
| ICO | €28M |
| Other | €26B |
Exits
Exit activity
525
exits recorded
€19B
combined disclosed value
Exits breakdown
by typeH1 2022 — exits by type — interactive chart.
Data table
| H1 2022 — exits by type | |
|---|---|
| Acquisition | 505 |
| Merger | 13 |
| IPO | 6 |
| Buyout | 1 |