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.

02.01.2023

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*

Number and amounts of announced funding rounds February to January 2023.
* 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

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

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

Investors with the highest number of investments in January 2023.

Number and total volume of financing rounds per stage

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

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.

Table comparing investment rounds in January 2023.

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).
Map showcasing the countries with most investments in January 2023.

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

Company

Enpal logo.
Industry

Renewable (Solar) Energy

Founded in

2017, Berlin

One-Sentence-Pitch

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

Comment/Quote

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.

Bloomberg.com

Investors

Logos of Enpal's Investors.

Partner with us

Unlock the full potential of your financial strategy with Trustventure’s expert guidance. Whether you’re navigating challenges in the financial sector, seeking advice on corporate financing, or enhancing your planning and controlling processes, we’re here to empower your journey and help you create transparency and confidence for both you and your investors.

Ready to elevate your financial game? Reach out to us today using our contact form or drop us a direct message at office@trustventure.de. Work with us to achieve your financial success!

Other articles

Events Trustventure’s Successful Debut of FINE in Berlin Our Founders and Investors Networking Event (FINE) Berlin was a great success! Thanks to all the amazing people that attended, we managed to bring together a vibrant community of like-minded people. If you couldn't make it this time, here's a recap of everything you missed. February 28, 2024
Design for Trustventure's Investors and Founders event with Germany's map in the background Events Join our Founders and Investors Networking Event (FINE)! Together with French Tech Berlin we are happy to debut FINE, a Networking Event for Founders and Investors! Get your free ticket for an evening filled with drinks, music, and pitches! January 23, 2024
Black and white pine tree in a snowy scenerio VC Landscape European VC Landscape – December + 2023 Recap 2023 was an year of many ups and downs for Venture Capital, having ended with a 33% decrease of invested volume. To learn more, explore our analysis of this month's data plus an in-depth recap of 2023's scenerio. January 22, 2024
Black and white Winter scene with many trees and a clear lake VC Landscape European VC Landscape – November 2023 Even though November ended with a decrease in the number of investments, it also marked a 35% increase in the VC investment volume. Explore all the details in this month's analysis. December 12, 2023
Orbit of images around Trustventure and REHAU logos. Text: 'Trustventure's expertise empowers REHAU New Ventures. Partnership Trustventure’s expertise empowers REHAU New Ventures’ diverse portfolio REHAU New Ventures is a corporate venture arm of REHAU, dedicated to crafting and investing in business models aligned with the company's objectives. Discover how their partnership with Trustventure was decisive to empower strategic growth and calculated decisions. December 12, 2023
Black and white photo of a trail inside the closed woods VC Landscape European VC Landscape – October 2023 Following the surge in September, October recorded a notable decrease of 28% in VC investments. Explore our analysis to access all the key insights of October's investment landscape. November 21, 2023
Orbit of images around World Host Group and Wingu Networks logos. Text: 'Trustventure advised in the aquisition of aifora by CentricSoftware' M&A Trustventure advised in the acquisition of Wingu Networks by World Host Group World Host Group, a global leader in web hosting and cloud services, just announced the acquisition of Wingu Networks. Trustventure advised Wingu’s Management Team with Financial Due Dilligence. November 6, 2023
Design with post title and illustration of a hand reaching the right decision Valuation 2022 IPEV Guidelines Update: Impacts on PE and VC Valuations Unraveling the 2022 IPEV Guidelines Update: from governance enhancements to ESG integration, explore the critical shifts shaping Private Equity and Venture Capital investments. Read our analysis on the key changes and implications for fund managers, ensuring transparency in this dynamic financial landscape. October 16, 2023
Black and white photo of a mountain landscape with trees and rocks. VC Landscape European VC Landscape – September 2023 After experiencing two months of decline, September saw a substantial surge in VC investments when compared to the previous month. To gain a comprehensive understanding of the current month's scenario, we encourage you to read our in-depth analysis, where you can uncover all the details. October 6, 2023
Orbit of images around aifora and CentricSoftware logos next to the blog post's title. M&A Trustventure advised in the acquisition of aifora by Centric Software 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
All articles