Sectors/Hardware/2016

Hardware funding in 2016

European Hardware startup funding raised during 2016.

In 2016, 177 European Hardware companies raised a combined €845M across 198 funding rounds. Israel led by capital raised, and Bpifrance was the most active investor. Data as of 21 Aug 2026.

Total funding

€845M

disclosed, € normalized

Funding rounds

198

Companies

177

Top country

Israel

Break down 2016 by period

Half-year

H1 H2

Quarters

Q1 Q2 Q3 Q4

Months

Jan Mar May Jun Sep Oct Nov Dec

Rank among sectors

#13

3.5% of sector funding

Debt financing

€2.4M

0.3% of total

Top-10 round share

42.9%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top countries

by € raised

Top deals

largest disclosed rounds in 2016

Company	Stage	Date	Amount
SIGFOX	Series D+	Oct 2016	€150M
Lumus	Series C	Dec 2016	€41M
Airobotics	Series B	Jun 2016	€26M
SatixFy	Series B	Nov 2016

View all 198 Hardware deals in 2016 →

Top investors

most active in 2016, by deal count

Bpifrance5 deals
Chalmers Ventures3 deals
Credit Agricole3 deals
Environmental Technologies Fund3 deals
Intel Capital3 deals
Almi Invest2 deals
Bessemer Venture Partners2 deals
BOM Capital - Brabantse Ontwikkelings Maatschappij2 deals
CEA Investissement2 deals
Crystal Optech2 deals

← All-time Hardware funding

Exits & M&A

11 Acquisition · 4 IPO · 2 Merger

17 exits · €4.0B disclosed.

Philips Lighting	IPO	Feb 2016	€3.0B
Heptagon	Acquisition	Jun 2016	€845M
Prox Dynamics	Acquisition	Jun 2016	€122M
Vector Watch	Acquisition	Aug 2016	€14M
Kerlink	IPO	Feb 2016	€10M
Plejd	IPO	Feb 2016	€3.9M