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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.

02.05.2023

Since the peak in March, the number of VC investments continues to decrease again in April and May

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

Number and amounts of announced funding rounds December 2022 to May 2023.
*All data from crunchbase, as of June 6th, 2023

IT startups take 2. place for most popular investment industry

  • During the month of May, 429 financing rounds were announced.
  • The total amount invested in the announced financing rounds stayed at $3.4bn from from April.
  • Once again, most investments were made in Software companies, amounting to 108 investments, followed by information technology (64). In May, investments in health care companies once again make up the third place (58).

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 May 2023.

Antler is the most active investor of May; 178 seed rounds were conducted

Investors with the highest number of investments in May

Investors with the highest number of investments in May 2023.

Number and total volume of financing rounds per stage

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

Largest round of May was a Series D Round of $250.0mn

In May, most investments rounds were Seed Rounds (~42%). Despite that, over a volume of over $1 billion was invested in 96 Venture Rounds.

Table comparing investment rounds in May 2023.

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

  • Not only were the most investments conducted in the UK (#98), but the highest volume was also invested there during May ($969.5mn).
  • When ranking by investment volume instead of number of conducted investments, Berlin takes the second place. The total of Germany ranking second by volume ($598.0) and number of investments (#63).
Map showcasing the countries with most investments in May 2023.

In the spotlight: Builder.Ai raised $250.0mn in may in a series d funding round

Company

Builder.ai logo.
Industry

Artificial Intelligence/Software

Founded in

2016, London

One-Sentence-Pitch

Builder.ai offers a no-code AI-powered app development platform designed to build and operate software projects.

Financing round

Money raised

$250.0mn

Type of financing round

Series D

Comment/Quote

Builder.ai announced a newly raised a Series D funding round on May 23rd. Jungle Ventures and Insight Partners invested in the company before, while ICONIQ Capital and Quatar Investment Authority represent new investors.

Investors

Logos of Builder.ai's Investors.

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