European startup funding Aug 2023
Monthly report · 2023-08-01 – 2023-08-31 · vs Jul 2023
Monthly
Summary
auto-generatedIn Aug 2023, 315 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.2B, up 74.5% versus Jul 2023. Debt rounds added a further €1.7B.
Deal count moved -11.5% versus Jul 2023, with 679 named investors participating.
Netherlands led by equity raised with €2.6B (51.2% of equity).
Healthtech was the most-funded sector at €3.0B in equity (58.9%).
The ten largest rounds accounted for 74.1% of disclosed capital, led by Philips's €2.6B.
88 exits were recorded this month worth a combined €9.6B.
Equity funding
€5.2B
▲ +74.5%excl. debt & grants · +€1.7B debt
Funding rounds
315
▼ -11.5%Companies funded
313
▼ -12.1%Named investors
679
▼ -22.9%Exits
88
▲ +23.9%Leading country
€2.6B
51.2% of equity
Leading sector
€3.0B
58.9% of equity
Provenance: 82% of 315 rounds disclosed an amount · 87% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -1.04%
Methodology →Investments
Funding within Aug 2023
by dayFunding within Aug 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €164M | 20 |
| 02 | €68M | 9 |
| 03 | €86M | 19 |
| 04 | €102M | 10 |
| 05 | €0 | 0 |
| 06 | €0 | 0 |
| 07 | €55M | 10 |
| 08 | €48M | 10 |
| 09 | €280M | 20 |
| 10 | €105M | 14 |
| 11 | €27M | 6 |
| 12 | €0 | 0 |
| 13 | €0 | 0 |
| 14 | €2.6B | 12 |
| 15 | €198M | 13 |
| 16 | €60M | 17 |
| 17 | €607M | 11 |
| 18 | €117M | 13 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €78M | 10 |
| 22 | €1.2B | 14 |
| 23 | €151M | 11 |
| 24 | €37M | 20 |
| 25 | €669M | 14 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €132M | 9 |
| 29 | €27M | 13 |
| 30 | €46M | 22 |
| 31 | €88M | 18 |
Biggest deals
top 10 by amount- 1PhilipsOther · Netherlands · Aug 2023€2.6B
- 2NorthvoltDebt · Sweden · Aug 2023€1.1B
- 3Compass PathwaysOther · UK · Aug 2023€261M
- 4Hugging FaceSeries D+ · France · Aug 2023€217M
- 5AxactorDebt · Norway · Aug 2023€200M
- 6TechMetOther · Ireland · Aug 2023€183M
- 7BrskDebt · UK · Aug 2023€182M
- 8Venterra GroupOther · UK · Aug 2023€176M
- 9metrofibreDebt · Germany · Aug 2023€120M
- 10PoolsideSeed · France · Aug 2023€117M
Concentration
top 10 deals74.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€5.1B
Period total
€6.9B
Countries
Top countries
equity raisedAug 2023 — top countries — interactive chart.
Data table
| Aug 2023 — top countries | |
|---|---|
| Netherlands | €2.6B |
| UK | €904M |
| France | €460M |
| Germany | €318M |
| Ireland | €309M |
| Austria | €98M |
| Denmark | €80M |
| Portugal | €62M |
| Sweden | €57M |
| Switzerland | €52M |
Capital by country
share of equityAug 2023 — capital by country — interactive chart.
Data table
| Aug 2023 — capital by country | |
|---|---|
| Netherlands | €2.6B |
| UK | €904M |
| France | €460M |
| Germany | €318M |
| Ireland | €309M |
| Austria | €98M |
| Denmark | €80M |
| Portugal | €62M |
| Sweden | €57M |
| Switzerland | €52M |
| Other | €180M |
Geographic distribution
European countries shown · click a countryAug 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedAug 2023 — top sectors — interactive chart.
Data table
| Aug 2023 — top sectors | |
|---|---|
| Healthtech | €3.0B |
| Energy | €535M |
| Software | €530M |
| Fintech | €189M |
| Cleantech | €167M |
| AI | €144M |
| Marketing | €104M |
| Edtech | €96M |
| Foodtech | €92M |
| Deeptech | €71M |
Capital by sector
share of equityAug 2023 — capital by sector — interactive chart.
Data table
| Aug 2023 — capital by sector | |
|---|---|
| Healthtech | €3.0B |
| Energy | €535M |
| Software | €530M |
| Fintech | €189M |
| Cleantech | €167M |
| AI | €144M |
| Marketing | €104M |
| Edtech | €96M |
| Other | €485M |
Stages
Funding by stage
total euro raised by round typeAug 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €17M |
| Seed | €228M |
| Series A | €218M |
| Series B | €110M |
| Series D+ | €217M |
| Growth/Late | €42M |
| Debt | €1.7B |
| Grant | €11M |
| Crowdfunding | €592k |
| Other | €4.3B |
Exits
Exit activity
88
exits recorded
€9.6B
combined disclosed value
Exits breakdown
by typeAug 2023 — exits by type — interactive chart.
Data table
| Aug 2023 — exits by type | |
|---|---|
| Acquisition | 83 |
| Merger | 4 |
| IPO | 1 |