2023
Annual report · 2023-01-01 – 2024-01-01 · vs 2022
Annual
Summary
auto-generatedIn 2023, disclosed funding reached €75B across 4,465 rounds, down -26.4% versus 2022.
Deal count moved -10.1% versus 2022, with 7,710 named investors participating.
UK led by capital with €26B (34.6% of disclosed total).
Fintech was the most-funded sector at €12B (16.2%).
The ten largest rounds accounted for 25.0% of disclosed capital, led by Arm's €4.7B.
878 exits were recorded this year worth a combined €35B.
Disclosed funding
€75B
▼ -26.4%€74,988,434,280
Funding rounds
4,465
▼ -10.1%Companies funded
4,250
▼ -9.7%Named investors
7,710
▼ -12.3%Exits
878
▼ -13.2%Provenance: 85% of 4,465 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.12%
Methodology →Investments
Funding within 2023
by monthBiggest deals
top 10 by amount- 1ArmOther · UK · Sep 2023€4.7B
- 2VismaOther · Norway · Dec 2023€3.0B
- 3PhilipsOther · Netherlands · Aug 2023€2.6B
- 4VerkorSeries C · France · Sep 2023€2.0B
- 5Stegra (H2 Green Steel)Other · Sweden · Sep 2023€1.5B
- 6NorthvoltDebt · Sweden · Aug 2023€1.1B
- 7NorthvoltDebt · Sweden · Dec 2023€1.1B
- 8Zenobe EnergyOther · UK · Sep 2023€1.0B
- 9WayflyerOther · Ireland · Sep 2023€932M
- 10ThinCatsDebt · UK · Sep 2023€807M
Concentration
top 10 deals25.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€19B
Period total
€75B
Countries
Top countries
total euro raisedCapital by country
share of disclosed totalGeographic distribution
European countries shown · click a countryIndustries
Top sectors
total euro raisedCapital by sector
share of disclosed totalStages
Funding by stage
total euro raised by round typeExits
Exit activity
878
exits recorded
€35B
combined disclosed value