European startup funding Jan 2024
Monthly report · 2024-01-01 – 2024-01-31 · vs Dec 2023
Monthly
Summary
auto-generatedIn Jan 2024, 340 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.9B, down 32.8% versus Dec 2023. Debt rounds added a further €11B.
Deal count moved +14.5% versus Dec 2023, with 854 named investors participating.
UK led by equity raised with €1.1B (22.8% of equity).
Energy was the most-funded sector at €1.2B in equity (23.6%).
The ten largest rounds accounted for 73.9% of disclosed capital, led by Northvolt's €4.6B.
66 exits were recorded this month worth a combined €793M.
Equity funding
€4.9B
▼ -32.8%excl. debt & grants · +€11B debt
Funding rounds
340
▲ +14.5%Companies funded
335
▲ +12.8%Named investors
854
▲ +19.6%Exits
66
▲ +22.2%Provenance: 87% of 340 rounds disclosed an amount · 96% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.37%
Methodology →Investments
Funding within Jan 2024
by dayFunding within Jan 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €0 | 0 |
| 02 | €1.4M | 3 |
| 03 | €45M | 7 |
| 04 | €67M | 9 |
| 05 | €469M | 8 |
| 06 | €0 | 0 |
| 07 | €0 | 0 |
| 08 | €74M | 7 |
| 09 | €215M | 25 |
| 10 | €1.4B | 19 |
| 11 | €355M | 20 |
| 12 | €190M | 10 |
| 13 | €0 | 0 |
| 14 | €0 | 0 |
| 15 | €583M | 16 |
| 16 | €5.5B | 27 |
| 17 | €368M | 22 |
| 18 | €285M | 16 |
| 19 | €63M | 15 |
| 20 | €0 | 0 |
| 21 | €0 | 0 |
| 22 | €4.7B | 17 |
| 23 | €773M | 24 |
| 24 | €138M | 20 |
| 25 | €577M | 13 |
| 26 | €29M | 11 |
| 27 | €0 | 0 |
| 28 | €0 | 0 |
| 29 | €243M | 13 |
| 30 | €129M | 18 |
| 31 | €358M | 20 |
Biggest deals
top 10 by amount- 1NorthvoltDebt · Sweden · Jan 2024€4.6B
- 2Stegra (H2 Green Steel)Debt · Sweden · Jan 2024€4.5B
- 3NorthvoltGrant · Sweden · Jan 2024€902M
- 4Volvo Car CorporationDebt · Sweden · Jan 2024€420M
- 5WildstoneDebt · UK · Jan 2024€407M
- 6PicnicOther · Netherlands · Jan 2024€355M
- 7ElectraSeries B · France · Jan 2024€304M
- 8EverphoneSeries D+ · Germany · Jan 2024€270M
- 9NebeusDebt · Spain · Jan 2024€250M
- 10Kao DataDebt · UK · Jan 2024€241M
Concentration
top 10 deals73.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€12B
Period total
€17B
Countries
Top countries
equity raisedJan 2024 — top countries — interactive chart.
Data table
| Jan 2024 — top countries | |
|---|---|
| UK | €1.1B |
| Germany | €930M |
| Netherlands | €561M |
| France | €543M |
| Switzerland | €417M |
| Italy | €349M |
| Sweden | €297M |
| Spain | €228M |
| Norway | €104M |
| Denmark | €102M |
Capital by country
share of equityJan 2024 — capital by country — interactive chart.
Data table
| Jan 2024 — capital by country | |
|---|---|
| UK | €1.1B |
| Germany | €930M |
| Netherlands | €561M |
| France | €543M |
| Switzerland | €417M |
| Italy | €349M |
| Sweden | €297M |
| Spain | €228M |
| Norway | €104M |
| Denmark | €102M |
| Other | €252M |
Geographic distribution
European countries shown · click a countryJan 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedJan 2024 — top sectors — interactive chart.
Data table
| Jan 2024 — top sectors | |
|---|---|
| Energy | €1.2B |
| Software | €802M |
| Fintech | €590M |
| Healthtech | €410M |
| E-commerce | €361M |
| Telecom | €278M |
| Transportation | €202M |
| Space | €181M |
| AI | €134M |
| Gaming | €108M |
Capital by sector
share of equityJan 2024 — capital by sector — interactive chart.
Data table
| Jan 2024 — capital by sector | |
|---|---|
| Energy | €1.2B |
| Software | €802M |
| Fintech | €590M |
| Healthtech | €410M |
| E-commerce | €361M |
| Telecom | €278M |
| Transportation | €202M |
| Space | €181M |
| Other | €931M |
Stages
Funding by stage
total euro raised by round typeJan 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €30M |
| Seed | €78M |
| Series A | €228M |
| Series B | €1.0B |
| Series C | €393M |
| Series D+ | €432M |
| Growth/Late | €154M |
| Debt | €11B |
| Grant | €926M |
| Crowdfunding | €3.5M |
| Other | €2.6B |
Exits
Exit activity
66
exits recorded
€793M
combined disclosed value
Exits breakdown
by typeJan 2024 — exits by type — interactive chart.
Data table
| Jan 2024 — exits by type | |
|---|---|
| Acquisition | 65 |
| Merger | 1 |