European startup funding Q1 2022
Quarterly report · 2022-01-01 – 2022-03-31 · vs Q4 2021
Quarterly
Summary
auto-generatedIn Q1 2022, 1,302 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €31B, up 26.9% versus Q4 2021. Debt rounds added a further €2.4B.
Deal count moved -14.5% versus Q4 2021, with 3,073 named investors participating.
UK led by equity raised with €12B (38.6% of equity).
Software was the most-funded sector at €7.6B in equity (24.7%).
The ten largest rounds accounted for 27.1% of disclosed capital, led by DAZN's €3.8B.
314 exits were recorded this quarter worth a combined €12B.
Equity funding
€31B
▲ +26.9%excl. debt & grants · +€2.4B debt
Funding rounds
1,302
▼ -14.5%Companies funded
1,288
▼ -14.5%Named investors
3,073
▼ -3.9%Exits
314
▼ -14.7%Provenance: 89% of 1,302 rounds disclosed an amount · 91% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.00%
Methodology →Investments
Funding within Q1 2022
by monthFunding within Q1 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €12B | 455 |
| Feb | €13B | 440 |
| Mar | €8.7B | 407 |
Biggest deals
top 10 by amount- 1DAZNOther · UK · Feb 2022€3.8B
- 2Checkout.comSeries D+ · UK · Jan 2022€880M
- 3GetirSeries D+ · Türkiye · Mar 2022€695M
- 4BoltSeries D+ · Estonia · Jan 2022€628M
- 5Mainstream Renewable PowerOther · Ireland · Mar 2022€575M
- 6CazooDebt · UK · Feb 2022€551M
- 7Relex SolutionsOther · Finland · Feb 2022€500M
- 8DoctolibDebt · France · Mar 2022€500M
- 9QontoSeries D+ · France · Jan 2022€486M
- 10Back MarketSeries D+ · France · Jan 2022€450M
Concentration
top 10 deals27.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€9.1B
Period total
€33B
Countries
Top countries
equity raisedQ1 2022 — top countries — interactive chart.
Data table
| Q1 2022 — top countries | |
|---|---|
| UK | €12B |
| France | €4.5B |
| Germany | €2.9B |
| Spain | €1.3B |
| Netherlands | €1.3B |
| Türkiye | €1.1B |
| Switzerland | €1.0B |
| Finland | €945M |
| Estonia | €903M |
| Ireland | €901M |
Capital by country
share of equityQ1 2022 — capital by country — interactive chart.
Data table
| Q1 2022 — capital by country | |
|---|---|
| UK | €12B |
| France | €4.5B |
| Germany | €2.9B |
| Spain | €1.3B |
| Netherlands | €1.3B |
| Türkiye | €1.1B |
| Switzerland | €1.0B |
| Finland | €945M |
| Estonia | €903M |
| Ireland | €901M |
| Other | €4.1B |
Geographic distribution
European countries shown · click a countryQ1 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2022 — top sectors — interactive chart.
Data table
| Q1 2022 — top sectors | |
|---|---|
| Software | €7.6B |
| Fintech | €7.1B |
| Transportation | €2.5B |
| Healthtech | €2.2B |
| E-commerce | €2.0B |
| Energy | €1.4B |
| Foodtech | €801M |
| Robotics | €772M |
| Cybersecurity | €719M |
| Telecom | €682M |
Capital by sector
share of equityQ1 2022 — capital by sector — interactive chart.
Data table
| Q1 2022 — capital by sector | |
|---|---|
| Software | €7.6B |
| Fintech | €7.1B |
| Transportation | €2.5B |
| Healthtech | €2.2B |
| E-commerce | €2.0B |
| Energy | €1.4B |
| Foodtech | €801M |
| Robotics | €772M |
| Other | €7.1B |
Stages
Funding by stage
total euro raised by round typeQ1 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €86M |
| Seed | €692M |
| Series A | €2.6B |
| Series B | €4.0B |
| Series C | €2.9B |
| Series D+ | €6.5B |
| Early VC | €4.0M |
| Debt | €2.4B |
| Grant | €21M |
| Crowdfunding | €12M |
| ICO | €27M |
| Other | €14B |
Exits
Exit activity
314
exits recorded
€12B
combined disclosed value
Exits breakdown
by typeQ1 2022 — exits by type — interactive chart.
Data table
| Q1 2022 — exits by type | |
|---|---|
| Acquisition | 302 |
| Merger | 6 |
| IPO | 5 |
| Buyout | 1 |