European startup funding May 2024
Monthly report · 2024-05-01 – 2024-05-31 · vs Apr 2024
Monthly
Summary
auto-generatedIn May 2024, 316 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.2B, up 112.9% versus Apr 2024. Debt rounds added a further €3.5B.
Deal count moved -4.2% versus Apr 2024, with 825 named investors participating.
Belgium led by equity raised with €2.5B (35.2% of equity).
Deeptech was the most-funded sector at €2.5B in equity (34.9%).
The ten largest rounds accounted for 73.0% of disclosed capital, led by Imec's €2.5B.
48 exits were recorded this month worth a combined €305M.
Equity funding
€7.2B
▲ +112.9%excl. debt & grants · +€3.5B debt
Funding rounds
316
▼ -4.2%Companies funded
316
▼ -4.2%Named investors
825
▼ -1.0%Exits
48
▼ -20.0%Provenance: 89% of 316 rounds disclosed an amount · 98% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.47%
Methodology →Investments
Funding within May 2024
by dayFunding within May 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €1.4B | 9 |
| 02 | €162M | 15 |
| 03 | €237M | 6 |
| 04 | €0 | 0 |
| 05 | €0 | 0 |
| 06 | €250M | 11 |
| 07 | €1.4B | 24 |
| 08 | €1.0B | 17 |
| 09 | €266M | 12 |
| 10 | €36M | 7 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €57M | 16 |
| 14 | €94M | 16 |
| 15 | €106M | 13 |
| 16 | €131M | 29 |
| 17 | €45M | 12 |
| 18 | €0 | 0 |
| 19 | €0 | 0 |
| 20 | €28M | 10 |
| 21 | €539M | 17 |
| 22 | €398M | 13 |
| 23 | €367M | 15 |
| 24 | €3.1B | 10 |
| 25 | €0 | 0 |
| 26 | €0 | 0 |
| 27 | €22M | 7 |
| 28 | €186M | 22 |
| 29 | €579M | 18 |
| 30 | €104M | 12 |
| 31 | €159M | 5 |
Biggest deals
top 10 by amount- 1ImecOther · Belgium · May 2024€2.5B
- 2SumUpDebt · UK · May 2024€1.4B
- 3WayveSeries C · UK · May 2024€1.0B
- 4AboundDebt · UK · May 2024€929M
- 5Bicycle TherapeuticsOther · UK · May 2024€512M
- 6Zenobe EnergyDebt · UK · May 2024€481M
- 7iwocaDebt · UK · May 2024€315M
- 8DeepLOther · Germany · May 2024€277M
- 9BoltDebt · Estonia · May 2024€220M
- 10HOther · France · May 2024€205M
Concentration
top 10 deals73.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€7.8B
Period total
€11B
Countries
Top countries
equity raisedMay 2024 — top countries — interactive chart.
Data table
| May 2024 — top countries | |
|---|---|
| Belgium | €2.5B |
| UK | €2.3B |
| Germany | €851M |
| France | €472M |
| Sweden | €223M |
| Netherlands | €182M |
| Switzerland | €110M |
| Türkiye | €108M |
| Spain | €92M |
| Finland | €51M |
Capital by country
share of equityMay 2024 — capital by country — interactive chart.
Data table
| May 2024 — capital by country | |
|---|---|
| Belgium | €2.5B |
| UK | €2.3B |
| Germany | €851M |
| France | €472M |
| Sweden | €223M |
| Netherlands | €182M |
| Switzerland | €110M |
| Türkiye | €108M |
| Spain | €92M |
| Finland | €51M |
| Other | €253M |
Geographic distribution
European countries shown · click a countryMay 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMay 2024 — top sectors — interactive chart.
Data table
| May 2024 — top sectors | |
|---|---|
| Deeptech | €2.5B |
| Transportation | €1.3B |
| Healthtech | €862M |
| AI | €508M |
| Fintech | €507M |
| Software | €424M |
| Cleantech | €239M |
| Energy | €205M |
| Cloud | €138M |
| Edtech | €103M |
Capital by sector
share of equityMay 2024 — capital by sector — interactive chart.
Data table
| May 2024 — capital by sector | |
|---|---|
| Deeptech | €2.5B |
| Transportation | €1.3B |
| Healthtech | €862M |
| AI | €508M |
| Fintech | €507M |
| Software | €424M |
| Cleantech | €239M |
| Energy | €205M |
| Other | €656M |
Stages
Funding by stage
total euro raised by round typeMay 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €35M |
| Seed | €243M |
| Series A | €411M |
| Series B | €327M |
| Series C | €1.2B |
| Series D+ | €29M |
| Debt | €3.5B |
| Grant | €7.8M |
| Crowdfunding | €286k |
| Other | €5.0B |
Exits
Exit activity
48
exits recorded
€305M
combined disclosed value
Exits breakdown
by typeMay 2024 — exits by type — interactive chart.
Data table
| May 2024 — exits by type | |
|---|---|
| Acquisition | 46 |
| Merger | 2 |