European startup funding Jul 2023
Monthly report · 2023-07-01 – 2023-07-31 · vs Jun 2023
Monthly
Summary
auto-generatedIn Jul 2023, 356 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.0B, down 16.6% versus Jun 2023. Debt rounds added a further €1.6B.
Deal count moved -15.6% versus Jun 2023, with 881 named investors participating.
UK led by equity raised with €1.1B (36.4% of equity).
Energy was the most-funded sector at €400M in equity (13.5%).
The ten largest rounds accounted for 48.2% of disclosed capital, led by LendInvest's €582M.
71 exits were recorded this month worth a combined €7.0B.
Equity funding
€3.0B
▼ -16.6%excl. debt & grants · +€1.6B debt
Funding rounds
356
▼ -15.6%Companies funded
356
▼ -15.2%Named investors
881
▼ -19.9%Exits
71
▼ -12.3%Provenance: 83% of 356 rounds disclosed an amount · 97% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.03%
Methodology →Investments
Funding within Jul 2023
by dayFunding within Jul 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €700k | 1 |
| 02 | €0 | 0 |
| 03 | €621M | 14 |
| 04 | €81M | 15 |
| 05 | €565M | 27 |
| 06 | €78M | 18 |
| 07 | €120M | 7 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €119M | 16 |
| 11 | €163M | 23 |
| 12 | €247M | 28 |
| 13 | €378M | 20 |
| 14 | €300M | 10 |
| 15 | €0 | 0 |
| 16 | €0 | 0 |
| 17 | €93M | 10 |
| 18 | €357M | 23 |
| 19 | €649M | 15 |
| 20 | €66M | 21 |
| 21 | €131M | 14 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €74M | 14 |
| 25 | €70M | 15 |
| 26 | €290M | 17 |
| 27 | €124M | 17 |
| 28 | €103M | 15 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
| 31 | €29M | 16 |
Biggest deals
top 10 by amount- 1LendInvestDebt · UK · Jul 2023€582M
- 2TP24Debt · Switzerland · Jul 2023€397M
- 3FieldOther · UK · Jul 2023€233M
- 4eGymSeries D+ · Germany · Jul 2023€207M
- 5SilvrDebt · France · Jul 2023€200M
- 6LiliumOther · Germany · Jul 2023€171M
- 7DefactoDebt · France · Jul 2023€167M
- 8SMART PhotonicsOther · Netherlands · Jul 2023€100M
- 9FREYRGrant · Norway · Jul 2023€100M
- 10NetcraftOther · UK · Jul 2023€89M
Concentration
top 10 deals48.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.2B
Period total
€4.7B
Countries
Top countries
equity raisedJul 2023 — top countries — interactive chart.
Data table
| Jul 2023 — top countries | |
|---|---|
| UK | €1.1B |
| Germany | €644M |
| Netherlands | €254M |
| France | €184M |
| Belgium | €143M |
| Spain | €125M |
| Lithuania | €98M |
| Italy | €89M |
| Sweden | €73M |
| Ukraine | €67M |
Capital by country
share of equityJul 2023 — capital by country — interactive chart.
Data table
| Jul 2023 — capital by country | |
|---|---|
| UK | €1.1B |
| Germany | €644M |
| Netherlands | €254M |
| France | €184M |
| Belgium | €143M |
| Spain | €125M |
| Lithuania | €98M |
| Italy | €89M |
| Sweden | €73M |
| Ukraine | €67M |
| Other | €203M |
Geographic distribution
European countries shown · click a countryJul 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedJul 2023 — top sectors — interactive chart.
Data table
| Jul 2023 — top sectors | |
|---|---|
| Energy | €400M |
| Transportation | €353M |
| Fintech | €345M |
| Healthtech | €275M |
| Cleantech | €240M |
| Software | €223M |
| Sports | €211M |
| Cybersecurity | €149M |
| Deeptech | €141M |
| Edtech | €95M |
Capital by sector
share of equityJul 2023 — capital by sector — interactive chart.
Data table
| Jul 2023 — capital by sector | |
|---|---|
| Energy | €400M |
| Transportation | €353M |
| Fintech | €345M |
| Healthtech | €275M |
| Cleantech | €240M |
| Software | €223M |
| Sports | €211M |
| Cybersecurity | €149M |
| Other | €776M |
Stages
Funding by stage
total euro raised by round typeJul 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €25M |
| Seed | €188M |
| Series A | €294M |
| Series B | €244M |
| Series C | €205M |
| Series D+ | €303M |
| Early VC | €0 |
| Growth/Late | €47M |
| Debt | €1.6B |
| Grant | €130M |
| Crowdfunding | €3.1M |
| ICO | €46M |
| Other | €1.6B |
Exits
Exit activity
71
exits recorded
€7.0B
combined disclosed value
Exits breakdown
by typeJul 2023 — exits by type — interactive chart.
Data table
| Jul 2023 — exits by type | |
|---|---|
| Acquisition | 69 |
| IPO | 1 |
| Merger | 1 |