Sectors/Software/2020

Software funding in 2020

European Software startup funding raised during 2020.

In 2020, 625 European Software companies raised a combined €8.4B across 646 funding rounds. Israel led by capital raised, and Insight Partners was the most active investor. Data as of 21 Aug 2026.

Total funding

€8.4B

disclosed, € normalized

Funding rounds

646

Companies

625

Top country

Israel

Break down 2020 by period

Half-year

H1 H2

Quarters

Q1 Q2 Q3 Q4

Months

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Rank among sectors

13.0% of sector funding

Debt financing

€80M

1.0% of total

Top-10 round share

25.5%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top countries

by € raised

Top deals

largest disclosed rounds in 2020

Company	Stage	Date	Amount
Stillfront	Growth/Late	Dec 2020	€365M
Sinch	Growth/Late	Dec 2020	€320M
Mirakl	Series D+	Sep 2020	€255M
Acrelec	Other	Jan 2020

View all 646 Software deals in 2020 →

Top investors

most active in 2020, by deal count

← All-time Software funding

Exits & M&A

116 Acquisition · 6 Buyout · 5 Merger · 3 IPO

137 exits · €48B disclosed.

IHS Markit	Merger	Nov 2020	€37B
Veeam Software	Acquisition	Jan 2020	€4.5B
OSIsoft	Acquisition	Aug 2020	€4.2B
Bisnode	Acquisition	Jul 2020	€693M
ID Analytics	Acquisition	Jan 2020	€337M
OptimalPlus	Acquisition	Jun 2020	€326M