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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.

02.07.2023

Following a rise in June, VC investments have once again decreased in July

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

Number and amounts of announced funding rounds February to July 2023.
* All data from crunchbase, as of August 1, 2023

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

  • During the month of July, 362 financing rounds were announced.
  • The total amount invested in the announced financing rounds was $4.8bn.
  • Once again, most investments were made in Software companies, amounting to 99 investments, followed by Information Technology (53). Similar to last month, investments in Artificial Intelligence companies make up the third place (33).

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 July 2023.

Bpifrance is the most active investor of July; no Series D round was conducted

Investors with the highest number of investments in July

Investors with the highest number of investments in July 2023.

Number and total volume of financing rounds per stage

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

Largest round of July was a Venture Round of $1.8bn

In July, most investment rounds were Seed Rounds (~38%). Despite that, a volume of over $3.3 billion was invested in 106 Venture Rounds.

Table comparing investment rounds in July 2023

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

  • Not only were the most investments conducted in the UK (#94), but the highest volume was also invested there during July ($2.9bn).
  • When ranking by investment volume instead of the number of conducted investments, Amsterdam takes second place. The Netherlands ranks second by volume ($360.9mn)
    while Germany has the second most investments
    (#47).
Map showcasing the countries with most investments in July 2023

In the spotlight: nexfibre raised $1.8bn in July in a venture funding round

Company

Nexfibre logo
Industry

Internet/Software

Founded in

2022, London

One-Sentence-Pitch

Nexfibre is a fiber-to-the-home (FTTH) broadband company that delivers high-speed internet service connections to homes and businesses.

Financing round

Money raised

$1.8bn (£1.4bn)

Type of financing round

Venture

Comment/Quote

Nexfibre announced a newly raised Venture funding round on July 17th. The company is a joint venture between InfraVia and Liberty Global/ Telefónica, who are also the leading investors for this round.

Investors

Logos of Nexfibre's Investors

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