European startup funding Mar 2024
Monthly report · 2024-03-01 – 2024-03-31 · vs Feb 2024
Monthly
Summary
auto-generatedIn Mar 2024, 306 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.3B, up 10.8% versus Feb 2024. Debt rounds added a further €1.1B.
Deal count moved -8.7% versus Feb 2024, with 857 named investors participating.
UK led by equity raised with €1.0B (30.9% of equity).
Fintech was the most-funded sector at €1.1B in equity (34.1%).
The ten largest rounds accounted for 59.0% of disclosed capital, led by Enpal's €1.1B.
67 exits were recorded this month worth a combined €3.5B.
Equity funding
€3.3B
▲ +10.8%excl. debt & grants · +€1.1B debt
Funding rounds
306
▼ -8.7%Companies funded
305
▼ -9.0%Named investors
857
▼ -2.3%Exits
67
▲ +13.6%Provenance: 87% of 306 rounds disclosed an amount · 96% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.04%
Methodology →Investments
Funding within Mar 2024
by dayFunding within Mar 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €36M | 7 |
| 02 | €0 | 0 |
| 03 | €0 | 0 |
| 04 | €154M | 14 |
| 05 | €1.1B | 21 |
| 06 | €44M | 11 |
| 07 | €103M | 10 |
| 08 | €24M | 10 |
| 09 | €0 | 0 |
| 10 | €0 | 0 |
| 11 | €261M | 18 |
| 12 | €79M | 12 |
| 13 | €164M | 30 |
| 14 | €100M | 14 |
| 15 | €68M | 7 |
| 16 | €0 | 0 |
| 17 | €0 | 0 |
| 18 | €41M | 8 |
| 19 | €305M | 23 |
| 20 | €1.2B | 18 |
| 21 | €166M | 21 |
| 22 | €25M | 10 |
| 23 | €0 | 0 |
| 24 | €0 | 0 |
| 25 | €22M | 7 |
| 26 | €223M | 27 |
| 27 | €114M | 13 |
| 28 | €157M | 20 |
| 29 | €53M | 5 |
| 30 | €0 | 0 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1EnpalDebt · Germany · Mar 2024€1.1B
- 2SunfireOther · Germany · Mar 2024€500M
- 3MonzoOther · UK · Mar 2024€397M
- 4FlagstoneOther · UK · Mar 2024€127M
- 5MewsOther · Netherlands · Mar 2024€101M
- 6Carbon EquityOther · Netherlands · Mar 2024€100M
- 7SolarisBankSeries D+ · Germany · Mar 2024€96M
- 8PPROOther · UK · Mar 2024€85M
- 9ZamaSeries A · France · Mar 2024€67M
- 10ELEMENTOther · Germany · Mar 2024€50M
Concentration
top 10 deals59.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.6B
Period total
€4.5B
Countries
Top countries
equity raisedMar 2024 — top countries — interactive chart.
Data table
| Mar 2024 — top countries | |
|---|---|
| UK | €1.0B |
| Germany | €938M |
| Netherlands | €380M |
| France | €327M |
| Sweden | €141M |
| Austria | €87M |
| Switzerland | €86M |
| Spain | €58M |
| Finland | €46M |
| Greece | €42M |
Capital by country
share of equityMar 2024 — capital by country — interactive chart.
Data table
| Mar 2024 — capital by country | |
|---|---|
| UK | €1.0B |
| Germany | €938M |
| Netherlands | €380M |
| France | €327M |
| Sweden | €141M |
| Austria | €87M |
| Switzerland | €86M |
| Spain | €58M |
| Finland | €46M |
| Greece | €42M |
| Other | €173M |
Geographic distribution
European countries shown · click a countryMar 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2024 — top sectors — interactive chart.
Data table
| Mar 2024 — top sectors | |
|---|---|
| Fintech | €1.1B |
| Energy | €626M |
| Software | €331M |
| Healthtech | €195M |
| Transportation | €165M |
| Cleantech | €120M |
| Travel | €101M |
| Proptech | €88M |
| Deeptech | €79M |
| Semiconductors | €77M |
Capital by sector
share of equityMar 2024 — capital by sector — interactive chart.
Data table
| Mar 2024 — capital by sector | |
|---|---|
| Fintech | €1.1B |
| Energy | €626M |
| Software | €331M |
| Healthtech | €195M |
| Transportation | €165M |
| Cleantech | €120M |
| Travel | €101M |
| Proptech | €88M |
| Other | €588M |
Stages
Funding by stage
total euro raised by round typeMar 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €37M |
| Seed | €228M |
| Series A | €341M |
| Series B | €172M |
| Series D+ | €211M |
| Growth/Late | €1.5M |
| Debt | €1.1B |
| Grant | €20M |
| Crowdfunding | €4.9M |
| Other | €2.3B |
Exits
Exit activity
67
exits recorded
€3.5B
combined disclosed value
Exits breakdown
by typeMar 2024 — exits by type — interactive chart.
Data table
| Mar 2024 — exits by type | |
|---|---|
| Acquisition | 66 |
| Merger | 1 |