European startup funding Nov 2024
Monthly report · 2024-11-01 – 2024-11-30 · vs Oct 2024
Monthly
Summary
auto-generatedIn Nov 2024, 339 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.9B, up 22.4% versus Oct 2024. Debt rounds added a further €292M.
Deal count moved +6.3% versus Oct 2024, with 812 named investors participating.
UK led by equity raised with €1.2B (25.4% of equity).
Software was the most-funded sector at €1.5B in equity (29.8%).
The ten largest rounds accounted for 49.4% of disclosed capital, led by odoo's €500M.
56 exits were recorded this month worth a combined €2.0B.
Equity funding
€4.9B
▲ +22.4%excl. debt & grants · +€292M debt
Funding rounds
339
▲ +6.3%Companies funded
338
▲ +6.0%Named investors
812
▼ -1.7%Exits
56
▲ +19.1%Provenance: 87% of 339 rounds disclosed an amount · 96% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.05%
Methodology →Investments
Funding within Nov 2024
by dayFunding within Nov 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €495M | 7 |
| 02 | €0 | 0 |
| 03 | €0 | 0 |
| 04 | €107M | 15 |
| 05 | €51M | 10 |
| 06 | €88M | 15 |
| 07 | €58M | 13 |
| 08 | €73M | 12 |
| 09 | €0 | 0 |
| 10 | €0 | 0 |
| 11 | €426M | 21 |
| 12 | €166M | 15 |
| 13 | €304M | 28 |
| 14 | €313M | 17 |
| 15 | €87M | 18 |
| 16 | €0 | 0 |
| 17 | €0 | 0 |
| 18 | €299M | 16 |
| 19 | €195M | 19 |
| 20 | €1.4B | 29 |
| 21 | €461M | 18 |
| 22 | €186M | 15 |
| 23 | €0 | 0 |
| 24 | €0 | 0 |
| 25 | €80M | 8 |
| 26 | €205M | 17 |
| 27 | €50M | 14 |
| 28 | €59M | 17 |
| 29 | €74M | 15 |
| 30 | €0 | 0 |
Biggest deals
top 10 by amount- 1odooOther · Belgium · Nov 2024€500M
- 2InsiderSeries D+ · Türkiye · Nov 2024€459M
- 3SequraOther · Spain · Nov 2024€410M
- 4LighthouseSeries C · UK · Nov 2024€352M
- 5iwocaDebt · UK · Nov 2024€242M
- 6The Exploration CompanySeries B · Germany · Nov 2024€152M
- 7Tokamak EnergyOther · UK · Nov 2024€120M
- 8TesslSeries A · UK · Nov 2024€119M
- 9ImpressOther · Spain · Nov 2024€110M
- 10NorthvoltOther · Sweden · Nov 2024€96M
Concentration
top 10 deals49.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.6B
Period total
€5.2B
Countries
Top countries
equity raisedNov 2024 — top countries — interactive chart.
Data table
| Nov 2024 — top countries | |
|---|---|
| UK | €1.2B |
| Spain | €579M |
| Germany | €537M |
| Belgium | €518M |
| Türkiye | €484M |
| France | €481M |
| Netherlands | €254M |
| Sweden | €208M |
| Finland | €124M |
| Switzerland | €94M |
Capital by country
share of equityNov 2024 — capital by country — interactive chart.
Data table
| Nov 2024 — capital by country | |
|---|---|
| UK | €1.2B |
| Spain | €579M |
| Germany | €537M |
| Belgium | €518M |
| Türkiye | €484M |
| France | €481M |
| Netherlands | €254M |
| Sweden | €208M |
| Finland | €124M |
| Switzerland | €94M |
| Other | €361M |
Geographic distribution
European countries shown · click a countryNov 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedNov 2024 — top sectors — interactive chart.
Data table
| Nov 2024 — top sectors | |
|---|---|
| Software | €1.5B |
| Fintech | €816M |
| Marketing | €474M |
| Healthtech | €407M |
| Cleantech | €317M |
| Energy | €268M |
| Space | €154M |
| Wellness & Beauty | €115M |
| E-commerce | €114M |
| Transportation | €99M |
Capital by sector
share of equityNov 2024 — capital by sector — interactive chart.
Data table
| Nov 2024 — capital by sector | |
|---|---|
| Software | €1.5B |
| Fintech | €816M |
| Marketing | €474M |
| Healthtech | €407M |
| Cleantech | €317M |
| Energy | €268M |
| Space | €154M |
| Wellness & Beauty | €115M |
| Other | €936M |
Stages
Funding by stage
total euro raised by round typeNov 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €61M |
| Seed | €240M |
| Series A | €473M |
| Series B | €417M |
| Series C | €445M |
| Series D+ | €612M |
| Early VC | €0 |
| Growth/Late | €2.0M |
| Debt | €292M |
| Grant | €1.9M |
| Crowdfunding | €847k |
| Other | €2.6B |
Exits
Exit activity
56
exits recorded
€2.0B
combined disclosed value
Exits breakdown
by typeNov 2024 — exits by type — interactive chart.
Data table
| Nov 2024 — exits by type | |
|---|---|
| Acquisition | 50 |
| Merger | 6 |