Number and amounts of announced funding rounds over the past 6 months*
(1) All data from crunchbase, as of March 6, 2024
AI startups are overtaken by IT startups for the second place for the most popular investment industry
- During February, 409 financing rounds were announced.
- The total amount invested in the announced financing rounds was $3.0bn, amounting to only 76% of the previously invested capital.
- Similar to previous months, most investments were made in Software companies, amounting to 101 investments. Investments in IT (59) take second place in front of AI startups (46).
Top 10 industries of financed startups according to the number of conducted investments
EIC Accelerator takes Bpifrance’s place as most active VC investor of the month
Investors with the highest number of investments in February
Number and total volume of financing rounds per stage
Largest round of February was a Series B round of $200.6mn
In February, most investment rounds were Seed Rounds (~41%), while no Series D rounds were conducted. Despite that, the largest volume of $718.5mn was invested in 85 Venture Rounds.
London is the European venture capital industry hotspot, while Paris takes the second spot; Barcelona places third by number of investments
- By far, the most investments in February were conducted in the UK (113), more than doubling the investments in Germany (53).
- When ranking by investment volume instead of the number of conducted investments, London ($323mn) and Paris ($288mn) would keep their positions. However, Frankfurt ($201mn), Milano ($157mn), and Amsterdam ($132mn) would follow in positions 3 to 5.
In the spotlight: Enviria raised €185mn in February in a Series B round
Company
Industry
Renewable Energy, Solar
Founded in
2017, Frankfurt (GER)
One-Sentence-Pitch
Enviria offers solar-centric projects and energy-as-a-service solutions for businesses.
Financing round
Money raised
$201mn (€185mn)
Type of financing round
Series B Round
Comment/Quote
Frankfurt-based ENVIRIA, a commercial and industrial (C&I) decentralized energy solutions provider, announced […] that it has secured over $200M (approximately €185M) equity investment. The capital comes from BlackRock through its Global Renewable Power IV (GRP IV) fund. – silicon canals
Investors
After a PE acquisitions peak in January, the number of acquisitions declined by 39% in February
Number of PE acquisitions decreases stronger than VC investments
- In February, 17 PE acquisitions were announced, representing a share of about 4% of all investment rounds (VC + PE) in February (426).
- The relation of acquisitions to investments slightly decreased again in February, following an increase to 6% in January.
- The 17 acquisitions include the acquisitions of 4 Spain-based companies as well as 3 German-based companies.
Highlight of European PE acquisitions in February
Largest known acquisition – €80mn
Aquirer
(PE based in the Czech Republic)
Acquiree
(Denmark-based restaurant group)
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