European startup funding Sep 2024
Monthly report · 2024-09-01 – 2024-09-30 · vs Aug 2024
Monthly
Summary
auto-generatedIn Sep 2024, 348 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.6B, up 135.4% versus Aug 2024. Debt rounds added a further €498M.
Deal count moved +70.6% versus Aug 2024, with 914 named investors participating.
UK led by equity raised with €947M (26.7% of equity).
Fintech was the most-funded sector at €646M in equity (18.2%).
The ten largest rounds accounted for 34.2% of disclosed capital, led by Nexi Group's €220M.
53 exits were recorded this month worth a combined €3.3B.
Equity funding
€3.6B
▲ +135.4%excl. debt & grants · +€498M debt
Funding rounds
348
▲ +70.6%Companies funded
348
▲ +70.6%Named investors
914
▲ +78.2%Exits
53
▲ +10.4%Provenance: 88% of 348 rounds disclosed an amount · 92% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.06%
Methodology →Investments
Funding within Sep 2024
by dayFunding within Sep 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €0 | 0 |
| 02 | €8.6M | 5 |
| 03 | €95M | 16 |
| 04 | €37M | 14 |
| 05 | €118M | 14 |
| 06 | €21M | 6 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €194M | 12 |
| 10 | €293M | 29 |
| 11 | €163M | 15 |
| 12 | €213M | 30 |
| 13 | €160M | 13 |
| 14 | €0 | 0 |
| 15 | €0 | 0 |
| 16 | €236M | 20 |
| 17 | €284M | 18 |
| 18 | €106M | 17 |
| 19 | €130M | 16 |
| 20 | €246M | 15 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €184M | 20 |
| 24 | €138M | 14 |
| 25 | €343M | 21 |
| 26 | €572M | 27 |
| 27 | €92M | 10 |
| 28 | €0 | 0 |
| 29 | €0 | 0 |
| 30 | €534M | 16 |
Biggest deals
top 10 by amount- 1Nexi GroupDebt · Italy · Sep 2024€220M
- 2eGymOther · Germany · Sep 2024€179M
- 3AlanSeries D+ · France · Sep 2024€173M
- 4LockallOther · France · Sep 2024€155M
- 5NewcleoSeries A · UK · Sep 2024€135M
- 6FlinkOther · Germany · Sep 2024€135M
- 7CarmoolaDebt · UK · Sep 2024€120M
- 8Akur8Series C · France · Sep 2024€108M
- 9SafetyCultureOther · UK · Sep 2024€101M
- 10Stegra (H2 Green Steel)Grant · Sweden · Sep 2024€100M
Concentration
top 10 deals34.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.4B
Period total
€4.2B
Countries
Top countries
equity raisedSep 2024 — top countries — interactive chart.
Data table
| Sep 2024 — top countries | |
|---|---|
| UK | €947M |
| Germany | €886M |
| France | €784M |
| Netherlands | €187M |
| Italy | €152M |
| Spain | €140M |
| Switzerland | €93M |
| Sweden | €92M |
| Belgium | €57M |
| Austria | €27M |
Capital by country
share of equitySep 2024 — capital by country — interactive chart.
Data table
| Sep 2024 — capital by country | |
|---|---|
| UK | €947M |
| Germany | €886M |
| France | €784M |
| Netherlands | €187M |
| Italy | €152M |
| Spain | €140M |
| Switzerland | €93M |
| Sweden | €92M |
| Belgium | €57M |
| Austria | €27M |
| Other | €189M |
Geographic distribution
European countries shown · click a countrySep 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedSep 2024 — top sectors — interactive chart.
Data table
| Sep 2024 — top sectors | |
|---|---|
| Fintech | €646M |
| Software | €440M |
| Transportation | €418M |
| Energy | €368M |
| Healthtech | €354M |
| Sports | €185M |
| E-commerce | €158M |
| Cleantech | €129M |
| Travel | €129M |
| Deeptech | €124M |
Capital by sector
share of equitySep 2024 — capital by sector — interactive chart.
Data table
| Sep 2024 — capital by sector | |
|---|---|
| Fintech | €646M |
| Software | €440M |
| Transportation | €418M |
| Energy | €368M |
| Healthtech | €354M |
| Sports | €185M |
| E-commerce | €158M |
| Cleantech | €129M |
| Other | €856M |
Stages
Funding by stage
total euro raised by round typeSep 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €40M |
| Seed | €208M |
| Series A | €623M |
| Series B | €455M |
| Series C | €332M |
| Series D+ | €173M |
| Debt | €498M |
| Grant | €114M |
| Other | €1.7B |
Exits
Exit activity
53
exits recorded
€3.3B
combined disclosed value
Exits breakdown
by typeSep 2024 — exits by type — interactive chart.
Data table
| Sep 2024 — exits by type | |
|---|---|
| Acquisition | 51 |
| Merger | 2 |