European startup funding Nov 2023
Monthly report · 2023-11-01 – 2023-11-30 · vs Oct 2023
Monthly
Summary
auto-generatedIn Nov 2023, 367 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.9B, up 94.1% versus Oct 2023. Debt rounds added a further €680M.
Deal count moved -5.9% versus Oct 2023, with 967 named investors participating.
UK led by equity raised with €1.5B (30.3% of equity).
Energy was the most-funded sector at €1.1B in equity (22.5%).
The ten largest rounds accounted for 41.4% of disclosed capital, led by ABB E-mobility's €501M.
54 exits were recorded this month worth a combined €110M.
Equity funding
€4.9B
▲ +94.1%excl. debt & grants · +€680M debt
Funding rounds
367
▼ -5.9%Companies funded
365
▼ -6.4%Named investors
967
▼ -8.2%Exits
54
▼ -20.6%Provenance: 87% of 367 rounds disclosed an amount · 94% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.04%
Methodology →Investments
Funding within Nov 2023
by dayFunding within Nov 2023 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €136M | 5 |
| 02 | €84M | 14 |
| 03 | €261M | 12 |
| 04 | €0 | 0 |
| 05 | €0 | 0 |
| 06 | €537M | 22 |
| 07 | €337M | 18 |
| 08 | €74M | 15 |
| 09 | €145M | 25 |
| 10 | €310M | 11 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €112M | 17 |
| 14 | €243M | 16 |
| 15 | €288M | 18 |
| 16 | €228M | 21 |
| 17 | €388M | 10 |
| 18 | €0 | 0 |
| 19 | €0 | 0 |
| 20 | €124M | 17 |
| 21 | €177M | 25 |
| 22 | €44M | 18 |
| 23 | €62M | 16 |
| 24 | €894M | 10 |
| 25 | €0 | 0 |
| 26 | €0 | 0 |
| 27 | €432M | 16 |
| 28 | €250M | 22 |
| 29 | €259M | 22 |
| 30 | €188M | 17 |
Biggest deals
top 10 by amount- 1ABB E-mobilityOther · Switzerland · Nov 2023€501M
- 2Aleph AlphaSeries B · Germany · Nov 2023€466M
- 3Statera EnergyDebt · UK · Nov 2023€346M
- 4Technique SolaireOther · France · Nov 2023€200M
- 5SkyNRGOther · Netherlands · Nov 2023€175M
- 6UrbanicSeries C · UK · Nov 2023€138M
- 7NorthvoltOther · Sweden · Nov 2023€138M
- 8Atom BankOther · UK · Nov 2023€115M
- 9OxburyOther · UK · Nov 2023€115M
- 10EnableSeries D+ · UK · Nov 2023€112M
Concentration
top 10 deals41.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.3B
Period total
€5.6B
Countries
Top countries
equity raisedNov 2023 — top countries — interactive chart.
Data table
| Nov 2023 — top countries | |
|---|---|
| UK | €1.5B |
| France | €848M |
| Germany | €731M |
| Switzerland | €544M |
| Netherlands | €299M |
| Sweden | €217M |
| Italy | €133M |
| Finland | €122M |
| Austria | €106M |
| Spain | €100M |
Capital by country
share of equityNov 2023 — capital by country — interactive chart.
Data table
| Nov 2023 — capital by country | |
|---|---|
| UK | €1.5B |
| France | €848M |
| Germany | €731M |
| Switzerland | €544M |
| Netherlands | €299M |
| Sweden | €217M |
| Italy | €133M |
| Finland | €122M |
| Austria | €106M |
| Spain | €100M |
| Other | €301M |
Geographic distribution
European countries shown · click a countryNov 2023 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedNov 2023 — top sectors — interactive chart.
Data table
| Nov 2023 — top sectors | |
|---|---|
| Energy | €1.1B |
| Fintech | €1.0B |
| AI | €547M |
| Cleantech | €526M |
| Software | €238M |
| Healthtech | €234M |
| Deeptech | €181M |
| Fashion | €144M |
| Transportation | €138M |
| E-commerce | €129M |
Capital by sector
share of equityNov 2023 — capital by sector — interactive chart.
Data table
| Nov 2023 — capital by sector | |
|---|---|
| Energy | €1.1B |
| Fintech | €1.0B |
| AI | €547M |
| Cleantech | €526M |
| Software | €238M |
| Healthtech | €234M |
| Deeptech | €181M |
| Fashion | €144M |
| Other | €938M |
Stages
Funding by stage
total euro raised by round typeNov 2023 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €58M |
| Seed | €180M |
| Series A | €479M |
| Series B | €794M |
| Series C | €358M |
| Series D+ | €214M |
| Growth/Late | €83M |
| Debt | €680M |
| Grant | €13M |
| Other | €2.7B |
Exits
Exit activity
54
exits recorded
€110M
combined disclosed value
Exits breakdown
by typeNov 2023 — exits by type — interactive chart.
Data table
| Nov 2023 — exits by type | |
|---|---|
| Acquisition | 54 |