European startup funding Feb 2024
Monthly report · 2024-02-01 – 2024-02-29 · vs Jan 2024
Monthly
Summary
auto-generatedIn Feb 2024, 335 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.0B, down 39.3% versus Jan 2024. Debt rounds added a further €5.5B.
Deal count moved -1.5% versus Jan 2024, with 877 named investors participating.
Germany led by equity raised with €464M (15.6% of equity).
Transportation was the most-funded sector at €366M in equity (12.3%).
The ten largest rounds accounted for 72.9% of disclosed capital, led by Automotive Cells Company (ACC)'s €4.4B.
59 exits were recorded this month worth a combined €1.0B.
Equity funding
€3.0B
▼ -39.3%excl. debt & grants · +€5.5B debt
Funding rounds
335
▼ -1.5%Companies funded
335
▲ +0.0%Named investors
877
▲ +2.7%Exits
59
▼ -10.6%Leading country
€464M
15.6% of equity
Leading sector
€366M
12.3% of equity
Provenance: 88% of 335 rounds disclosed an amount · 96% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.11%
Methodology →Investments
Funding within Feb 2024
by dayFunding within Feb 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €259M | 19 |
| 02 | €16M | 11 |
| 03 | €0 | 0 |
| 04 | €0 | 0 |
| 05 | €20M | 9 |
| 06 | €401M | 24 |
| 07 | €159M | 14 |
| 08 | €99M | 16 |
| 09 | €70M | 8 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €162M | 10 |
| 13 | €4.6B | 17 |
| 14 | €173M | 12 |
| 15 | €132M | 16 |
| 16 | €27M | 10 |
| 17 | €0 | 0 |
| 18 | €0 | 0 |
| 19 | €33M | 13 |
| 20 | €182M | 26 |
| 21 | €224M | 18 |
| 22 | €37M | 20 |
| 23 | €119M | 9 |
| 24 | €0 | 0 |
| 25 | €0 | 0 |
| 26 | €68M | 10 |
| 27 | €424M | 27 |
| 28 | €1.0B | 29 |
| 29 | €391M | 17 |
Biggest deals
top 10 by amount- 1Automotive Cells Company (ACC)Debt · France · Feb 2024€4.4B
- 2PolestarDebt · Sweden · Feb 2024€879M
- 3EnviriaSeries B · Germany · Feb 2024€185M
- 4ID FinanceDebt · Spain · Feb 2024€140M
- 5Magic.devSeries B · Austria · Feb 2024€109M
- 6MMISeries C · Italy · Feb 2024€102M
- 7PowerdotOther · Portugal · Feb 2024€100M
- 8Project 3 MobilitySeries A · Croatia · Feb 2024€100M
- 9OmneticOther · Czech Republic · Feb 2024€100M
- 10Heart AerospaceSeries B · Sweden · Feb 2024€99M
Concentration
top 10 deals72.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€6.2B
Period total
€8.5B
Countries
Top countries
equity raisedFeb 2024 — top countries — interactive chart.
Data table
| Feb 2024 — top countries | |
|---|---|
| Germany | €464M |
| UK | €460M |
| France | €456M |
| Netherlands | €279M |
| Sweden | €161M |
| Austria | €138M |
| Italy | €126M |
| Estonia | €110M |
| Portugal | €106M |
| Czech Republic | €106M |
Capital by country
share of equityFeb 2024 — capital by country — interactive chart.
Data table
| Feb 2024 — capital by country | |
|---|---|
| Germany | €464M |
| UK | €460M |
| France | €456M |
| Netherlands | €279M |
| Sweden | €161M |
| Austria | €138M |
| Italy | €126M |
| Estonia | €110M |
| Portugal | €106M |
| Czech Republic | €106M |
| Other | €572M |
Geographic distribution
European countries shown · click a countryFeb 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedFeb 2024 — top sectors — interactive chart.
Data table
| Feb 2024 — top sectors | |
|---|---|
| Transportation | €366M |
| AI | €360M |
| Energy | €351M |
| Healthtech | €325M |
| Software | €321M |
| Fintech | €321M |
| Robotics | €227M |
| E-commerce | €160M |
| Cleantech | €158M |
| Foodtech | €90M |
Capital by sector
share of equityFeb 2024 — capital by sector — interactive chart.
Data table
| Feb 2024 — capital by sector | |
|---|---|
| Transportation | €366M |
| AI | €360M |
| Energy | €351M |
| Healthtech | €325M |
| Software | €321M |
| Fintech | €321M |
| Robotics | €227M |
| E-commerce | €160M |
| Other | €553M |
Stages
Funding by stage
total euro raised by round typeFeb 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €36M |
| Seed | €163M |
| Series A | €341M |
| Series B | €781M |
| Series C | €222M |
| Early VC | €3.0M |
| Growth/Late | €45M |
| Debt | €5.5B |
| Grant | €53M |
| Other | €1.4B |
Exits
Exit activity
59
exits recorded
€1.0B
combined disclosed value
Exits breakdown
by typeFeb 2024 — exits by type — interactive chart.
Data table
| Feb 2024 — exits by type | |
|---|---|
| Acquisition | 56 |
| Merger | 3 |