European startup funding Q2 2022
Quarterly report · 2022-04-01 – 2022-06-30 · vs Q1 2022
Quarterly
Summary
auto-generatedIn Q2 2022, 1,317 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €23B, down 25.3% versus Q1 2022. Debt rounds added a further €4.3B.
Deal count moved +1.2% versus Q1 2022, with 3,047 named investors participating.
UK led by equity raised with €7.9B (34.1% of equity).
Fintech was the most-funded sector at €6.3B in equity (27.2%).
The ten largest rounds accounted for 21.3% of disclosed capital, led by Delivery Hero's €1.4B.
211 exits were recorded this quarter worth a combined €6.7B.
Equity funding
€23B
▼ -25.3%excl. debt & grants · +€4.3B debt
Funding rounds
1,317
▲ +1.2%Companies funded
1,300
▲ +0.9%Named investors
3,047
▼ -0.8%Exits
211
▼ -32.8%Provenance: 90% of 1,317 rounds disclosed an amount · 91% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.03%
Methodology →Investments
Funding within Q2 2022
by monthFunding within Q2 2022 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €10B | 383 |
| May | €6.4B | 419 |
| Jun | €11B | 515 |
Biggest deals
top 10 by amount- 1Delivery HeroDebt · Germany · Apr 2022€1.4B
- 2OcadoOther · UK · Jun 2022€672M
- 3ClimeworksOther · Switzerland · Apr 2022€593M
- 4SumUpOther · UK · Jun 2022€590M
- 5Rimac AutomobiliSeries D+ · Croatia · Jun 2022€500M
- 6Johnson MattheyDebt · UK · Apr 2022€479M
- 7EcoVadisOther · France · Jun 2022€478M
- 8SonarSourceOther · Switzerland · Apr 2022€386M
- 9Razor GroupDebt · Germany · Jun 2022€378M
- 10NetomniaOther · UK · Apr 2022€354M
Concentration
top 10 deals21.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€5.8B
Period total
€27B
Countries
Top countries
equity raisedQ2 2022 — top countries — interactive chart.
Data table
| Q2 2022 — top countries | |
|---|---|
| UK | €7.9B |
| Germany | €3.4B |
| France | €2.9B |
| Switzerland | €1.5B |
| Sweden | €1.2B |
| Netherlands | €1.0B |
| Ireland | €629M |
| Croatia | €625M |
| Spain | €538M |
| Finland | €387M |
Capital by country
share of equityQ2 2022 — capital by country — interactive chart.
Data table
| Q2 2022 — capital by country | |
|---|---|
| UK | €7.9B |
| Germany | €3.4B |
| France | €2.9B |
| Switzerland | €1.5B |
| Sweden | €1.2B |
| Netherlands | €1.0B |
| Ireland | €629M |
| Croatia | €625M |
| Spain | €538M |
| Finland | €387M |
| Other | €3.1B |
Geographic distribution
European countries shown · click a countryQ2 2022 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2022 — top sectors — interactive chart.
Data table
| Q2 2022 — top sectors | |
|---|---|
| Fintech | €6.3B |
| Software | €3.9B |
| Transportation | €2.1B |
| Cleantech | €2.0B |
| Healthtech | €1.9B |
| Energy | €1.2B |
| HRtech | €1.0B |
| Foodtech | €906M |
| E-commerce | €816M |
| Edtech | €609M |
Capital by sector
share of equityQ2 2022 — capital by sector — interactive chart.
Data table
| Q2 2022 — capital by sector | |
|---|---|
| Fintech | €6.3B |
| Software | €3.9B |
| Transportation | €2.1B |
| Cleantech | €2.0B |
| Healthtech | €1.9B |
| Energy | €1.2B |
| HRtech | €1.0B |
| Foodtech | €906M |
| Other | €5.4B |
Stages
Funding by stage
total euro raised by round typeQ2 2022 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €105M |
| Seed | €939M |
| Series A | €3.0B |
| Series B | €2.5B |
| Series C | €2.0B |
| Series D+ | €2.6B |
| Early VC | €5.8M |
| Debt | €4.3B |
| Grant | €4.3M |
| Crowdfunding | €12M |
| ICO | €500k |
| Other | €12B |
Exits
Exit activity
211
exits recorded
€6.7B
combined disclosed value
Exits breakdown
by typeQ2 2022 — exits by type — interactive chart.
Data table
| Q2 2022 — exits by type | |
|---|---|
| Acquisition | 203 |
| Merger | 7 |
| IPO | 1 |