Blog Posts

European VC Landscape – January 2023

Could the prevalence of seed rounds, accounting for 40% of all the conducted rounds in January, indicate a strategic shift in investment preferences? Discover more insights in our latest analysis.


2023 starts with 430 VC investments in January, showing a slight decline in the number of investments.

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

* All data as of February 9th, 2023

Software startups are once again the most popular investment

  • During the month of January, 430 financing rounds were announced.
  • The total amount invested in the announced financing rounds decreased to $3.4bn from $3.6bn in December.
  • Once again, most investments were made in Software companies, amounting to 99 investments, followed by information technology (54). In January , investments in health care companies make up the third place  (48).

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

image 2

BPIFRANCE is the most active investor of January; 40% of the month’s rounds were seed rounds.

Investors with the highest number of investments in January

Number and total volume of financing rounds per stage

Largest round was a Series D Round of $230.8mn

In January, most investments rounds were Seed rounds. Despite that, the largest volume of invested money was in Venture Rounds ($1,170mn). Only 1 large Series D round was conducted.

London, UK, is once again the European startup hotspot of the month

  • Not only were the most investments conducted in the UK (#107), but the highest volume was also invested there during January ($1,158.6mn).
  • Second most active country to raise venture capital is
    France (54 investments, $683.3mn) and then Germany
    (48 investments, $541.7mn).

In the spotlight: Enpal raised $230.8MN in January with the help of 6 investors.



Renewable (Solar) Energy

Founded in

2017, Berlin


Enpal is a photovoltaics leasing firm that provides solar power systems for homeowners.

Financing round

Money raised

€215mn ($230.8mn)

Company valuation

€2bn (pre-money)

Type of financing round

Series D


Enpal raised €215mn ($231mn) in their 13th funding round.  Since 2017, Enpal raised a total of €1.7bn with the help of 30 investors. During the latest Series D round, the company was valued at €2bn.


Falls Sie mehr über Risikokapitalfinanzierung erfahren möchten, sollten Sie unseren umfassenden Ratgeber zu diesem Thema lesen: Risikokapitalfinanzierung: Ein Leitfaden für Anfänger

Trustventure berät junge Unternehmen zu Herausforderung im Finanzbereich und bietet CFO-As-A-Service-Leistungen an. Die Expertise in Fragen zur Unternehmensfinanzierung, Planung und zum Controlling schafft Transparenz und Sicherheit für Sie und Ihre Investoren. Melden Sie sich gerne über unser Kontaktformular oder schreiben Sie uns direkt an

Other articles

Uncategorized Trustventure advised in the acquisition of aifora by CentricSoftware Centric Software®, the foremost leader in Product Lifecycle Management (PLM), just announced the acquisition of aifora™. Trustventure advised aifora's Management Team on the preparation and execution of the Exit process with active support in Due Diligence, Q&A and SPA-Negotiation within the transaction. September 19, 2023
VC Landscape European VC Landscape – July 2023 With the largest round amounting to $1.8bn, July still shows a decrease in the number of founding rounds compared to June. Explore our comprehensive assessment of this month's trends to uncover the nuances. July 2, 2023
VC Landscape European VC Landscape – June 2023 June persists in following the downward trend in the number of financial rounds since its peak in March. Notably, Artificial Intelligence and healthcare now jointly occupy the third position as the most invested industries. You can explore these and other insights in this month's evaluation. June 2, 2023
VC Landscape European VC Landscape – May 2023 With a Series D round of $250mn, May brought some significant investments and influential figures. Read everything about this month's VC Landscape in our examination. May 2, 2023
VC Landscape 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. April 2, 2023
VC Landscape European VC Landscape – March 2023 Following a prolonged period of decline, could the recent upswing in VC investments during March mark a turning point for the industry? Delve into our blog post to uncover a comprehensive analysis of this month's landscape. March 2, 2023
VC Landscape European VC Landscape – February 2023 With 410 investments, February continues following the decline of European VC investments. In our exploration of this month's landscape, we illuminate the current trends, noteworthy investments, and key personalities shaping the dynamic entrepreneurial environment. February 2, 2023
All articles