European startup funding Jun 2023
Monthly report · 2023-06-01 – 2023-06-30 · vs May 2023
Monthly
Summary
auto-generatedIn Jun 2023, 422 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.5B, up 1.0% versus May 2023. Debt rounds added a further €2.1B.
Deal count moved +16.9% versus May 2023, with 1,100 named investors participating.
UK led by equity raised with €938M (26.4% of equity).
Software was the most-funded sector at €757M in equity (21.3%).
The ten largest rounds accounted for 49.9% of disclosed capital, led by TagEnergy's €570M.
81 exits were recorded this month worth a combined €3.9B.
Equity funding
€3.5B
▲ +1.0%excl. debt & grants · +€2.1B debt
Funding rounds
422
▲ +16.9%Companies funded
420
▲ +17.0%Named investors
1,100
▲ +21.1%Exits
81
▲ +3.8%Provenance: 86% of 422 rounds disclosed an amount · 98% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.02%
Methodology →Investments
Funding within Jun 2023
by dayFunding within Jun 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €552M | 23 |
| 02 | €32M | 12 |
| 03 | €0 | 0 |
| 04 | €0 | 0 |
| 05 | €143M | 18 |
| 06 | €146M | 24 |
| 07 | €200M | 20 |
| 08 | €162M | 21 |
| 09 | €476M | 9 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €149M | 16 |
| 13 | €206M | 20 |
| 14 | €503M | 27 |
| 15 | €73M | 19 |
| 16 | €156M | 10 |
| 17 | €0 | 0 |
| 18 | €0 | 0 |
| 19 | €46M | 13 |
| 20 | €567M | 30 |
| 21 | €378M | 19 |
| 22 | €658M | 23 |
| 23 | €490M | 10 |
| 24 | €0 | 0 |
| 25 | €0 | 0 |
| 26 | €285M | 25 |
| 27 | €93M | 20 |
| 28 | €259M | 23 |
| 29 | €138M | 22 |
| 30 | €62M | 18 |
Biggest deals
top 10 by amount- 1TagEnergyDebt · Portugal · Jun 2023€570M
- 21Komma5°Series B · Germany · Jun 2023€430M
- 3EnpalDebt · Germany · Jun 2023€430M
- 4NorthvoltDebt · Sweden · Jun 2023€366M
- 5WayflyerDebt · Ireland · Jun 2023€278M
- 6TeylorDebt · Switzerland · Jun 2023€275M
- 7Octopus EnergyOther · UK · Jun 2023€175M
- 8odooOther · Belgium · Jun 2023€150M
- 9Mistral AISeed · France · Jun 2023€105M
- 10GetYourGuideDebt · Germany · Jun 2023€102M
Concentration
top 10 deals49.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.9B
Period total
€5.8B
Countries
Top countries
equity raisedJun 2023 — top countries — interactive chart.
Data table
| Jun 2023 — top countries | |
|---|---|
| UK | €938M |
| Germany | €867M |
| France | €537M |
| Belgium | €162M |
| Spain | €150M |
| Netherlands | €131M |
| Sweden | €126M |
| Switzerland | €96M |
| Norway | €96M |
| Luxembourg | €64M |
Capital by country
share of equityJun 2023 — capital by country — interactive chart.
Data table
| Jun 2023 — capital by country | |
|---|---|
| UK | €938M |
| Germany | €867M |
| France | €537M |
| Belgium | €162M |
| Spain | €150M |
| Netherlands | €131M |
| Sweden | €126M |
| Switzerland | €96M |
| Norway | €96M |
| Luxembourg | €64M |
| Other | €381M |
Geographic distribution
European countries shown · click a countryJun 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedJun 2023 — top sectors — interactive chart.
Data table
| Jun 2023 — top sectors | |
|---|---|
| Software | €757M |
| Transportation | €533M |
| Fintech | €425M |
| Energy | €334M |
| Healthtech | €307M |
| Cleantech | €236M |
| AI | €234M |
| Travel | €97M |
| Consumer | €96M |
| Deeptech | €94M |
Capital by sector
share of equityJun 2023 — capital by sector — interactive chart.
Data table
| Jun 2023 — capital by sector | |
|---|---|
| Software | €757M |
| Transportation | €533M |
| Fintech | €425M |
| Energy | €334M |
| Healthtech | €307M |
| Cleantech | €236M |
| AI | €234M |
| Travel | €97M |
| Other | €732M |
Stages
Funding by stage
total euro raised by round typeJun 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €43M |
| Seed | €446M |
| Series A | €445M |
| Series B | €734M |
| Series C | €248M |
| Series D+ | €79M |
| Growth/Late | €0 |
| Debt | €2.1B |
| Grant | €107M |
| Crowdfunding | €2.4M |
| Other | €1.5B |
Exits
Exit activity
81
exits recorded
€3.9B
combined disclosed value
Exits breakdown
by typeJun 2023 — exits by type — interactive chart.
Data table
| Jun 2023 — exits by type | |
|---|---|
| Acquisition | 80 |
| Merger | 1 |