European startup funding Feb 2023
Monthly report · 2023-02-01 – 2023-02-28 · vs Jan 2023
Monthly
Summary
auto-generatedIn Feb 2023, 387 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.4B, up 3.8% versus Jan 2023. Debt rounds added a further €1.1B.
Deal count moved -0.3% versus Jan 2023, with 987 named investors participating.
UK led by equity raised with €949M (28.0% of equity).
Energy was the most-funded sector at €539M in equity (15.9%).
The ten largest rounds accounted for 39.5% of disclosed capital, led by PowerField's €500M.
79 exits were recorded this month worth a combined €759M.
Equity funding
€3.4B
▲ +3.8%excl. debt & grants · +€1.1B debt
Funding rounds
387
▼ -0.3%Companies funded
384
▲ +0.0%Named investors
987
▲ +1.3%Exits
79
▼ -22.5%Provenance: 86% of 387 rounds disclosed an amount · 93% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.10%
Methodology →Investments
Funding within Feb 2023
by dayFunding within Feb 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €187M | 25 |
| 02 | €685M | 24 |
| 03 | €124M | 9 |
| 04 | €0 | 0 |
| 05 | €0 | 0 |
| 06 | €191M | 18 |
| 07 | €116M | 24 |
| 08 | €155M | 15 |
| 09 | €336M | 25 |
| 10 | €332M | 15 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €151M | 14 |
| 14 | €141M | 11 |
| 15 | €137M | 16 |
| 16 | €120M | 19 |
| 17 | €114M | 25 |
| 18 | €0 | 0 |
| 19 | €0 | 0 |
| 20 | €441M | 14 |
| 21 | €300M | 29 |
| 22 | €440M | 28 |
| 23 | €195M | 24 |
| 24 | €195M | 24 |
| 25 | €0 | 0 |
| 26 | €0 | 0 |
| 27 | €72M | 15 |
| 28 | €38M | 13 |
Biggest deals
top 10 by amount- 1PowerFieldOther · Netherlands · Feb 2023€500M
- 2AuxmoneyDebt · Germany · Feb 2023€350M
- 3EvotecDebt · Germany · Feb 2023€150M
- 4APKOther · Germany · Feb 2023€130M
- 5Hemab TherapeuticsSeries B · Denmark · Feb 2023€127M
- 6ArrivalDebt · UK · Feb 2023€115M
- 7CarmoolaDebt · UK · Feb 2023€108M
- 8Merchant MoneyDebt · UK · Feb 2023€107M
- 9TOKHITOther · Romania · Feb 2023€94M
- 10ZopaOther · UK · Feb 2023€84M
Concentration
top 10 deals39.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.8B
Period total
€4.5B
Countries
Top countries
equity raisedFeb 2023 — top countries — interactive chart.
Data table
| Feb 2023 — top countries | |
|---|---|
| UK | €949M |
| Netherlands | €603M |
| Germany | €500M |
| France | €280M |
| Denmark | €186M |
| Switzerland | €153M |
| Spain | €149M |
| Austria | €127M |
| Romania | €102M |
| Sweden | €87M |
Capital by country
share of equityFeb 2023 — capital by country — interactive chart.
Data table
| Feb 2023 — capital by country | |
|---|---|
| UK | €949M |
| Netherlands | €603M |
| Germany | €500M |
| France | €280M |
| Denmark | €186M |
| Switzerland | €153M |
| Spain | €149M |
| Austria | €127M |
| Romania | €102M |
| Sweden | €87M |
| Other | €247M |
Geographic distribution
European countries shown · click a countryFeb 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedFeb 2023 — top sectors — interactive chart.
Data table
| Feb 2023 — top sectors | |
|---|---|
| Energy | €539M |
| Software | €513M |
| Fintech | €486M |
| Healthtech | €412M |
| Cleantech | €349M |
| Transportation | €332M |
| Foodtech | €106M |
| Cybersecurity | €93M |
| Deeptech | €72M |
| Robotics | €70M |
Capital by sector
share of equityFeb 2023 — capital by sector — interactive chart.
Data table
| Feb 2023 — capital by sector | |
|---|---|
| Energy | €539M |
| Software | €513M |
| Fintech | €486M |
| Healthtech | €412M |
| Cleantech | €349M |
| Transportation | €332M |
| Foodtech | €106M |
| Cybersecurity | €93M |
| Other | €731M |
Stages
Funding by stage
total euro raised by round typeFeb 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €31M |
| Seed | €296M |
| Series A | €410M |
| Series B | €498M |
| Series C | €45M |
| Series D+ | €83M |
| Early VC | €4.6M |
| Growth/Late | €11M |
| Debt | €1.1B |
| Grant | €24M |
| Crowdfunding | €1.0M |
| Other | €2.0B |
Exits
Exit activity
79
exits recorded
€759M
combined disclosed value
Exits breakdown
by typeFeb 2023 — exits by type — interactive chart.
Data table
| Feb 2023 — exits by type | |
|---|---|
| Acquisition | 77 |
| Merger | 1 |
| Unknown | 1 |