European startup funding Apr 2023
Monthly report · 2023-04-01 – 2023-04-30 · vs Mar 2023
Monthly
Summary
auto-generatedIn Apr 2023, 372 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.1B, down 35.5% versus Mar 2023. Debt rounds added a further €858M.
Deal count moved -10.4% versus Mar 2023, with 908 named investors participating.
UK led by equity raised with €1.1B (34.6% of equity).
Fintech was the most-funded sector at €607M in equity (19.5%).
The ten largest rounds accounted for 42.1% of disclosed capital, led by AtlasEdge's €725M.
63 exits were recorded this month worth a combined €709M.
Equity funding
€3.1B
▼ -35.5%excl. debt & grants · +€858M debt
Funding rounds
372
▼ -10.4%Companies funded
371
▼ -10.6%Named investors
908
▼ -20.0%Exits
63
▼ -18.2%Provenance: 88% of 372 rounds disclosed an amount · 93% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.35%
Methodology →Investments
Funding within Apr 2023
by dayFunding within Apr 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €2.5M | 1 |
| 02 | €0 | 0 |
| 03 | €217M | 20 |
| 04 | €435M | 31 |
| 05 | €142M | 20 |
| 06 | €47M | 12 |
| 07 | €11M | 6 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €4.6M | 2 |
| 11 | €128M | 11 |
| 12 | €154M | 21 |
| 13 | €278M | 24 |
| 14 | €106M | 15 |
| 15 | €0 | 0 |
| 16 | €0 | 0 |
| 17 | €539M | 22 |
| 18 | €123M | 26 |
| 19 | €157M | 29 |
| 20 | €102M | 23 |
| 21 | €216M | 13 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €79M | 16 |
| 25 | €135M | 17 |
| 26 | €868M | 21 |
| 27 | €166M | 21 |
| 28 | €74M | 21 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
Biggest deals
top 10 by amount- 1AtlasEdgeDebt · UK · Apr 2023€725M
- 2ŸnsectOther · France · Apr 2023€160M
- 3DistalMotionOther · Switzerland · Apr 2023€137M
- 4QuantexaSeries D+ · UK · Apr 2023€118M
- 5Sme FinanceDebt · Lithuania · Apr 2023€100M
- 6TerraPaySeries B · UK · Apr 2023€92M
- 7SiPearlSeries A · France · Apr 2023€90M
- 8TrustlyOther · Sweden · Apr 2023€89M
- 9VirtaOther · Finland · Apr 2023€85M
- 10InfogridSeries B · UK · Apr 2023€83M
Concentration
top 10 deals42.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.7B
Period total
€4.0B
Countries
Top countries
equity raisedApr 2023 — top countries — interactive chart.
Data table
| Apr 2023 — top countries | |
|---|---|
| UK | €1.1B |
| France | €492M |
| Germany | €465M |
| Netherlands | €252M |
| Sweden | €197M |
| Switzerland | €160M |
| Spain | €127M |
| Finland | €127M |
| Italy | €42M |
| Türkiye | €40M |
Capital by country
share of equityApr 2023 — capital by country — interactive chart.
Data table
| Apr 2023 — capital by country | |
|---|---|
| UK | €1.1B |
| France | €492M |
| Germany | €465M |
| Netherlands | €252M |
| Sweden | €197M |
| Switzerland | €160M |
| Spain | €127M |
| Finland | €127M |
| Italy | €42M |
| Türkiye | €40M |
| Other | €131M |
Geographic distribution
European countries shown · click a countryApr 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedApr 2023 — top sectors — interactive chart.
Data table
| Apr 2023 — top sectors | |
|---|---|
| Fintech | €607M |
| Software | €516M |
| Healthtech | €405M |
| Energy | €389M |
| Cleantech | €184M |
| Agritech | €165M |
| Transportation | €148M |
| Deeptech | €145M |
| E-commerce | €87M |
| Hardware | €83M |
Capital by sector
share of equityApr 2023 — capital by sector — interactive chart.
Data table
| Apr 2023 — capital by sector | |
|---|---|
| Fintech | €607M |
| Software | €516M |
| Healthtech | €405M |
| Energy | €389M |
| Cleantech | €184M |
| Agritech | €165M |
| Transportation | €148M |
| Deeptech | €145M |
| Other | €589M |
Stages
Funding by stage
total euro raised by round typeApr 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €16M |
| Seed | €196M |
| Series A | €573M |
| Series B | €419M |
| Series C | €105M |
| Series D+ | €118M |
| Early VC | €2.5M |
| Growth/Late | €10M |
| Debt | €858M |
| Grant | €18M |
| Crowdfunding | €5.5M |
| Other | €1.7B |
Exits
Exit activity
63
exits recorded
€709M
combined disclosed value
Exits breakdown
by typeApr 2023 — exits by type — interactive chart.
Data table
| Apr 2023 — exits by type | |
|---|---|
| Acquisition | 61 |
| Merger | 2 |