Blog Posts

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

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

M&A European Roll-Up Market Report – September 2025 September 2025 presented a 4% year-over-year decrease in the number of PE-backed acquisitions. In addition to software, private equity investors are also targeting consulting and health care. Learn all about it in our report and case study, including Bionexo’s acquisition of Overmind. October 30, 2025
VC Landscape Germany Venture Capital Landscape – Q3 2025 Between an decrease of 44% in invested VC volume and a €134mn funding round in the SaaS space, Germany is closing its venture capital landscape Q3 2025. Learn all about it in our latest analysis. October 29, 2025
VC Landscape European Venture Capital Landscape – September 2025 September 2025 saw a rebound in VC activity, with 409 investments and $7.4 billion raised across Europe, representing a 409% increase in volume and 118% growth in deal count month over month. The largest round of the month was a $1.99 billion Series C Round by Paris-based AI platform Mistral AI, which offers large language models and AI services tailored to diverse enterprise applications. October 28, 2025
M&A European Roll-Up Market Report – August 2025 August 2025 presented a 17% year-over-year decrease in the number of PE-backed acquisitions. In addition to software, private equity investors are also targeting marketing and retail. Learn all about it in our report and case study, including Pursuit Aerospace’s acquisition of Aeromet International. September 9, 2025
VC Landscape European Venture Capital Landscape – August 2025 August 2025 saw a sharper pullback in VC activity, with 188 investments and $1.5 billion raised across Europe, representing a 56% decline in volume and 49% decline in deal count month over month. The largest round of the month was a $175 million Venture Round by Stockholm-based clean energy-tech company Aira, which provides heat pumps and home energy-saving solutions. Explore our full analysis for more. September 8, 2025
M&A European Roll-Up Market Report – July 2025 July 2025 presented a 17 % year-over-year decrease in the number of PE-backed acquisitions. In addition to software and FinTech, private equity investors are also targeting health care. Learn all about it in our report and case study, including Xeinadin’s acquisition of FCC Chartered Accountants. August 6, 2025
VC Landscape European Venture Capital Landscape – July 2025 July 2025 saw a pullback in VC activity, with 366 investments and $3.3 billion raised across Europe, a decline from June’s levels (volume fell 24% and deal count fell 9% month over month). The largest round of the month was a $200 million Series A by Stockholm-based AI startup Lovable, which became a unicorn with this investment; the company’s platform lets users build applications without extensive coding. Explore our full analysis for more. August 4, 2025
VC Landscape Germany Venture Capital Landscape – Q2 2025 Between an increase of 59% in invested VC volume and a €150mn funding round in the clean energy space, Germany is closing its venture capital landscape Q2 2025. Learn all about it in our latest analysis. July 21, 2025
M&A European Roll-Up Market Report – June 2025 June 2025 presented a 50 % year-over-year increase in the number of PE-backed acquisitions. In addition to software and FinTech, private equity investors are also targeting consulting services. Learn all about it in our report and case study, including ClearCourse’s acquisition of Rezcontrol. July 16, 2025
VC Landscape European Venture Capital Landscape – June 2025 June 2025 saw a rebound in VC activity, with 401 investments and $4.4bn raised across Europe, marking an increase from May's lows. The largest round of the month came from Helsing, which raised $694 million (€590 million) in a Series D to advance AI-powered defense systems. Explore our full analysis for more. July 14, 2025
All articles