European startup funding Jan 2023
Monthly report · 2023-01-01 – 2023-01-31 · vs Dec 2022
Monthly
Summary
auto-generatedIn Jan 2023, 388 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.3B, down 9.1% versus Dec 2022. Debt rounds added a further €1.4B.
Deal count moved +14.1% versus Dec 2022, with 974 named investors participating.
UK led by equity raised with €840M (25.8% of equity).
Healthtech was the most-funded sector at €509M in equity (15.6%).
The ten largest rounds accounted for 35.8% of disclosed capital, led by SES's €300M.
102 exits were recorded this month worth a combined €722M.
Equity funding
€3.3B
▼ -9.1%excl. debt & grants · +€1.4B debt
Funding rounds
388
▲ +14.1%Companies funded
384
▲ +15.0%Named investors
974
▲ +5.3%Exits
102
▲ +50.0%Leading country
€840M
25.8% of equity
Leading sector
€509M
15.6% of equity
Provenance: 82% of 388 rounds disclosed an amount · 94% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.08%
Methodology →Investments
Funding within Jan 2023
by dayFunding within Jan 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €0 | 0 |
| 02 | €0 | 0 |
| 03 | €42M | 11 |
| 04 | €81M | 12 |
| 05 | €58M | 7 |
| 06 | €89M | 8 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €360M | 17 |
| 10 | €516M | 32 |
| 11 | €289M | 22 |
| 12 | €400M | 16 |
| 13 | €225M | 19 |
| 14 | €0 | 0 |
| 15 | €0 | 0 |
| 16 | €107M | 20 |
| 17 | €167M | 22 |
| 18 | €136M | 13 |
| 19 | €142M | 23 |
| 20 | €203M | 14 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €146M | 21 |
| 24 | €410M | 25 |
| 25 | €313M | 26 |
| 26 | €228M | 24 |
| 27 | €62M | 18 |
| 28 | €0 | 0 |
| 29 | €0 | 0 |
| 30 | €449M | 12 |
| 31 | €246M | 26 |
Biggest deals
top 10 by amount- 1SESDebt · Luxembourg · Jan 2023€300M
- 2LiveMoreDebt · UK · Jan 2023€284M
- 3EnpalSeries D+ · Germany · Jan 2023€215M
- 4LendInvestOther · UK · Jan 2023€137M
- 5PolytechOther · Denmark · Jan 2023€136M
- 6OxboticaSeries C · UK · Jan 2023€131M
- 7Amolyt PharmaSeries C · France · Jan 2023€129M
- 8RayloDebt · UK · Jan 2023€125M
- 9OntoDebt · UK · Jan 2023€113M
- 10FeverOther · Spain · Jan 2023€102M
Concentration
top 10 deals35.8%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.7B
Period total
€4.7B
Countries
Top countries
equity raisedJan 2023 — top countries — interactive chart.
Data table
| Jan 2023 — top countries | |
|---|---|
| UK | €840M |
| France | €570M |
| Germany | €508M |
| Spain | €288M |
| Denmark | €229M |
| Netherlands | €177M |
| Norway | €132M |
| Sweden | €103M |
| Switzerland | €96M |
| Italy | €87M |
Capital by country
share of equityJan 2023 — capital by country — interactive chart.
Data table
| Jan 2023 — capital by country | |
|---|---|
| UK | €840M |
| France | €570M |
| Germany | €508M |
| Spain | €288M |
| Denmark | €229M |
| Netherlands | €177M |
| Norway | €132M |
| Sweden | €103M |
| Switzerland | €96M |
| Italy | €87M |
| Other | €230M |
Geographic distribution
European countries shown · click a countryJan 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedJan 2023 — top sectors — interactive chart.
Data table
| Jan 2023 — top sectors | |
|---|---|
| Healthtech | €509M |
| Software | €445M |
| Cleantech | €388M |
| Fintech | €341M |
| Energy | €288M |
| Transportation | €242M |
| Robotics | €202M |
| Deeptech | €158M |
| AI | €137M |
| E-commerce | €134M |
Capital by sector
share of equityJan 2023 — capital by sector — interactive chart.
Data table
| Jan 2023 — capital by sector | |
|---|---|
| Healthtech | €509M |
| Software | €445M |
| Cleantech | €388M |
| Fintech | €341M |
| Energy | €288M |
| Transportation | €242M |
| Robotics | €202M |
| Deeptech | €158M |
| Other | €1.1B |
Stages
Funding by stage
total euro raised by round typeJan 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €34M |
| Seed | €141M |
| Series A | €311M |
| Series B | €455M |
| Series C | €429M |
| Series D+ | €215M |
| Growth/Late | €63M |
| Debt | €1.4B |
| Grant | €3.7M |
| Crowdfunding | €1.6M |
| Other | €1.6B |
Exits
Exit activity
102
exits recorded
€722M
combined disclosed value
Exits breakdown
by typeJan 2023 — exits by type — interactive chart.
Data table
| Jan 2023 — exits by type | |
|---|---|
| Acquisition | 97 |
| Merger | 4 |
| IPO | 1 |