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European VC Landscape – August 2023

With the largest round amounting to $1.9bn, August shows a decrease in the number of founding rounds compared to July. Learn more in our assessment of this month's trends to uncover all the details.

05.08.2023

Following a decline in July, VC investments have once again decreased in August

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

Chart comparing the number and amounts of announced funding rounds from Mars to August 2023.
* All data from crunchbase, as of September 4, 2023

IT startups take the second place for the most popular investment industry

  • During the month of August, 262 financing rounds were announced.
  • The total amount invested in the announced financing rounds was $1.9bn.
  • Similar to June and July, most investments this month were made in Software companies, amounting to 65 investments, followed by Information Technology (38). Investments in Artificial Intelligence companies make up the third place (31).

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

Chart of the top 10 industries of financed startups according to the number of conducted investments August 2023.

High-tech grunderfonds is the most active investor of August

Investors with the highest number of investments in August

Investors with the highest number of investments in August 2023.

Number and total volume of financing rounds per stage

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

Largest round of August was a Venture Round of $200mn

In August, most investment rounds were Seed Rounds (~39%), while 50 investments were in the Pre Seed Rounds (19%). A volume of $918mn was invested in 66 venture rounds that are not further classified.

Table comparing investment rounds in August 2023.

London is the european venture capital industry hotspot, while Berlin takes the second spot

  • Not only were the most investments conducted in the UK (#71), but the highest volume was also invested there during August ($596.7mn).
  • When ranking by investment volume instead of the number of conducted investments, Dublin takes first place. Germany ranks second by volume ($339.2mn), and also has the second most investments (#48).
Map showcasing the countries with most investments in August 2023.

In the spotlight: TechMet raised $200mn in august in a venture funding round

Company

Techmet logo
Industry

Energy

Founded in

2017, Dublin

One-Sentence-Pitch

As a private industrial company, TechMet is building projects to secure the supply of key metals, that are essential for advanced technologies, such as EVs, renewable energy systems, and energy storage devices.

Financing round

Money raised

$200mn

Type of financing round

Venture

Comment/Quote

On August 15, TechMet announced its closing of a $200mn equity raise to further develop critical minerals. This successful funding puts the company on track to exceed a billion-dollar valuation in the next few months.

Investors

Logos of Techmet's Investors.

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