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European VC Landscape – April 2023

In contrast to March's upward trajectory, April witnessed a notable decrease in VC investment rounds, with a difference of over $1bn in the total amount invested compared to the previous month. Gain a comprehensive grasp of this month's dynamics through our in-depth analysis.

02.04.2023

After a short increase of VC investment rounds in March, their number declined again in April.

Number and amounts of announced funding rounds over the past 6 months*

Number and amounts of announced funding rounds November 2022 to April 2023.
* All data from crunchbase, as of May 2nd, 2023

Software startups are once again the most popular investments

  • During the month of April, 435 financing rounds were announced.
  • The total amount invested in the announced financing rounds decreased to $3.0bn from $4.4bn in March.
  • Once again, most investments were made in Software companies, amounting to 99 investments, followed by information technology (68). In April, investments in health care companies make up the third place (42).

Top 10 industries of financed startups according to the number of conducted investments

Top 10 industries of financed startups according to the number of conducted investments April 2023.

Y Combinator is the most active investor of April; 178 seed rounds were conducted

Investors with the highest number of investments in April

Investors with the highest number of investments in April 2023.

Number and total volume of financing rounds per stage

Number and total volume of financing rounds per stage April 2023.

Largest round of April was a Series D Round of $175.5mn

In April, most investments rounds were Seed Rounds (~41%). Despite that, the largest volume of invested money was in 87 Venture Rounds ($819.9mn).

Table comparing investment rounds in April 2023.

London is the European Venture Capital industry hotspot, with more than 2x investments than Paris

  • Not only were the most investments conducted in the UK (#120), but the highest volume was also invested there during April ($932.2mn).
  • France takes the second place in the country ranking for the number of investments (#61) as well as for the invested volume ($648.2).
Map showcasing the countries with most investments in April 2023.

In the spotlight: Ynsect raised $175.5mn in April in their 12th conducted funding round

Company

Ynsect logo.
Industry

Agriculture/Biotechnology

Founded in

2011, Paris

One-Sentence-Pitch

Ynsect provides products and services that operate in the agro-food and environmental biotech industries.

Financing round

Money raised

$175.5mn / €160mn

Type of financing round

Series D

Comment/Quote

(The company) is shifting away from animal feed (…) to high-margin pet food and food ingredients to boost profit amid soaring energy, raw materials and debt costs. (…) It’s seeking to follow an “asset-light,” less capital-intensive business model with a combination of joint ventures and licensing agreements.

Bloomberg.com

Investors

Logos of Ynsect's investors.

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