European startup funding Aug 2024
Monthly report · 2024-08-01 – 2024-08-31 · vs Jul 2024
Monthly
Summary
auto-generatedIn Aug 2024, 204 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.5B, down 64.8% versus Jul 2024. Debt rounds added a further €348M.
Deal count moved -40.2% versus Jul 2024, with 513 named investors participating.
UK led by equity raised with €581M (38.4% of equity).
Healthtech was the most-funded sector at €364M in equity (24.1%).
The ten largest rounds accounted for 58.6% of disclosed capital, led by Sunly's €300M.
48 exits were recorded this month worth a combined €925M.
Equity funding
€1.5B
▼ -64.8%excl. debt & grants · +€348M debt
Funding rounds
204
▼ -40.2%Companies funded
204
▼ -40.0%Named investors
513
▼ -39.6%Exits
48
▼ -5.9%Leading country
€581M
38.4% of equity
Leading sector
€364M
24.1% of equity
Provenance: 78% of 204 rounds disclosed an amount · 97% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.09%
Methodology →Investments
Funding within Aug 2024
by dayFunding within Aug 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €170M | 12 |
| 02 | €55M | 6 |
| 03 | €0 | 0 |
| 04 | €0 | 0 |
| 05 | €111M | 8 |
| 06 | €171M | 14 |
| 07 | €49M | 14 |
| 08 | €17M | 4 |
| 09 | €287M | 10 |
| 10 | €0 | 0 |
| 11 | €0 | 0 |
| 12 | €33M | 9 |
| 13 | €33M | 10 |
| 14 | €79M | 15 |
| 15 | €35M | 9 |
| 16 | €176M | 8 |
| 17 | €0 | 0 |
| 18 | €0 | 0 |
| 19 | €33M | 5 |
| 20 | €35M | 14 |
| 21 | €86M | 12 |
| 22 | €44M | 14 |
| 23 | €0 | 1 |
| 24 | €0 | 0 |
| 25 | €0 | 0 |
| 26 | €0 | 0 |
| 27 | €58M | 12 |
| 28 | €11M | 4 |
| 29 | €347M | 15 |
| 30 | €40M | 8 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1SunlyDebt · Estonia · Aug 2024€300M
- 2PowerdotOther · Portugal · Aug 2024€165M
- 3CaresyntaxSeries C · Germany · Aug 2024€164M
- 4CloudPayOther · UK · Aug 2024€110M
- 5YodelOther · UK · Aug 2024€99M
- 6RiverlaneSeries C · UK · Aug 2024€69M
- 7Oxford Nanopore TechnologiesOther · UK · Aug 2024€59M
- 8MorphoOther · France · Aug 2024€46M
- 9HealxOther · UK · Aug 2024€44M
- 10MYNESeries A · Germany · Aug 2024€40M
Concentration
top 10 deals58.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.1B
Period total
€1.9B
Countries
Top countries
equity raisedAug 2024 — top countries — interactive chart.
Data table
| Aug 2024 — top countries | |
|---|---|
| UK | €581M |
| Germany | €306M |
| Portugal | €179M |
| Switzerland | €112M |
| Sweden | €73M |
| France | €73M |
| Netherlands | €31M |
| Finland | €30M |
| Italy | €23M |
| Lithuania | €17M |
Capital by country
share of equityAug 2024 — capital by country — interactive chart.
Data table
| Aug 2024 — capital by country | |
|---|---|
| UK | €581M |
| Germany | €306M |
| Portugal | €179M |
| Switzerland | €112M |
| Sweden | €73M |
| France | €73M |
| Netherlands | €31M |
| Finland | €30M |
| Italy | €23M |
| Lithuania | €17M |
| Other | €86M |
Geographic distribution
European countries shown · click a countryAug 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedAug 2024 — top sectors — interactive chart.
Data table
| Aug 2024 — top sectors | |
|---|---|
| Healthtech | €364M |
| Transportation | €300M |
| Software | €293M |
| Deeptech | €86M |
| Energy | €79M |
| Fintech | €76M |
| Proptech | €62M |
| AI | €42M |
| Cleantech | €41M |
| Gaming | €36M |
Capital by sector
share of equityAug 2024 — capital by sector — interactive chart.
Data table
| Aug 2024 — capital by sector | |
|---|---|
| Healthtech | €364M |
| Transportation | €300M |
| Software | €293M |
| Deeptech | €86M |
| Energy | €79M |
| Fintech | €76M |
| Proptech | €62M |
| AI | €42M |
| Other | €212M |
Stages
Funding by stage
total euro raised by round typeAug 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €23M |
| Seed | €124M |
| Series A | €221M |
| Series B | €0 |
| Series C | €232M |
| Early VC | €2.3M |
| Growth/Late | €4.0M |
| Debt | €348M |
| Grant | €11M |
| Crowdfunding | €80k |
| Other | €903M |
Exits
Exit activity
48
exits recorded
€925M
combined disclosed value
Exits breakdown
by typeAug 2024 — exits by type — interactive chart.
Data table
| Aug 2024 — exits by type | |
|---|---|
| Acquisition | 45 |
| Unknown | 2 |
| Merger | 1 |