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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.

02.06.2023

Since the peak in March, the number of VC investments continues to decrease since April until June

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

Top 10 industries of financed startups according to the number of conducted investments June 2023.
* (1) All data from crunchbase, as of July 3rd, 2023

AI and Health Care startups share 3. place for most popular investment industry

  • During the month of June, 441 financing rounds were announced.
  • The total amount invested in the announced financing rounds decreased slightly to $3.3bn.
  • Last month, less than 100 investments were made in Software companies, which still take the lead. In June they were followed by investments in information technology (65), AI and Health Care (each 45) startups.

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 June 2023.

Bpifrance is the most active investor of june; no series D round was conducted

Investors with the highest number of investments in June

Investors with the highest number of investments in June 2023.

Number and total volume of financing rounds per stage

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

Largest round of June was a Series D Round of $469.4mn

In June, most investments rounds were Seed Rounds (~41.7%). Despite that, a volume of over $941mn was invested in only 19 Series B Rounds, driven by the largest round of $469.4mn.

Table comparing investment rounds in June 2023.

London, UK, is once again the European startup hotspot of the month with 76 investments and $734mn invested capital

  • Not only were the most investments conducted in the UK (#114), but the highest volume was also invested there during June ($881.7mn).
  • While Berlin takes the third place in the city ranking, based on the number of investments, Hamburg takes the third place based on invested volume with $470.6mn invested capital, driven by the 1KOMMA5° Series B Round.
Map showcasing the countries with most investments in June 2023.

In the spotlight: 1Komma5° raised $469.4mn in June in a series B funding round

Company

1Komma5° logo.

Industry

Renewable Energy/Climate Tech

Founded in

2021, Hamburg

One-Sentence-Pitch

1Komma5°is an electricity company offering solar panels, wall box chargers,  heat pumps and a smart energy management tool.

Financing round

Money raised

€430.0mn ($469.4mn)

Company valuation

> €1.0bn

Type of financing round

Series B

Comment/Quote

1KOMMA5° has raised €430mn in funding, comprised of €215mn in equity and €215mn in buyback options, less than two years after its foundation. With this round, the startup is therefore joining the club of tech unicorns. (techstartups.com)

Investors

Logos of 1Komma5°'s Investors.

Additional highlight: mistral ai raises €105.0, just weeks after being founded

Company

Mistral AI logo

Industry

Artificial Intelligence

Founded in

2023, Paris

One-Sentence-Pitch

Mistral AI is a platform that currently still assembles a team to develop generative AI models, planning to launch a large language model in early 2024.

Financing round

Money raised

€105.0mn ($113.4mn)

Company valuation

€135.0mn (Pre-Money)

Type of financing round

Seed

Comment/Quote

Mistral AI raised a Seed Round of €105.0mn, just one month after being founded by three former Meta and Google AI researchers in Paris. A total of 15 VC firms and business angels invested in the company. (reuters.com)

Investors

Logos of Mistral AI's Investors

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