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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.

21.11.2023

VC investments decreased by 28% in October compared to the previous month

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

Number and amounts of announced funding rounds second semester 2023
* All data from crunchbase, as of Oktober 2, 2023

AI startups take the third place for the most popular investment industry

  • During the month of October, 421 financing rounds were announced.
  • The total amount invested in the announced financing rounds was $2.9bn, decreasing by 54% compared to previous month.
  • Similar to previous months, most investments were made in Software companies, amounting to 97 investments. Investments in AI (42) take third place.

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 October 2023

Bpifrance is once again the most active investor

Investors with the highest number of investments in October

Investors with the highest number of investments in October 2023

Number and total volume of financing rounds per stage

Number and total volume of financing rounds per stage October 2023

Largest round of October was a Venture Round of $365.1mn

In October, most investment rounds were Seed Rounds (~43%). Despite that, the largest volume of $1.1bn was invested in 92 Venture Rounds.

Table comparing investment rounds in October 2023

London is the european venture capital industry hotspot, while paris takes the second spot

  • The most investments in October were conducted in the UK (98), followed by France (79) and Germany (51).
  • When ranking by investment volume instead of the number of conducted investments, the UK remains on first place ($919mn). France ranks second by volume ($489mn), followed by Germany ($371mn).
Map showcasing the countries with most investments in October 2023

In the spotlight: Canary Wharf Group raised £300mn in October in a Venture round

Company

Canary Wharf Group logo
Industry

Real Estate

Founded in

2001, London

One-Sentence-Pitch

Canary Wharf Group is the developer of the largest urban regeneration project in Europe. CWG develops, manages and owns interests in ca. 9 million square feet of mixed-use space and over 1,100 apartments.
LinkedIn

Financing round

Money raised

$365.1mn / £300mn (equity)

Type of financing round

Venture Round

Comment/Quote

On October 25, Canary Wharf Group announced a £300mn equity investment from its existing shareholders as well as a £100mn revolving credit facility, used for strategic repositioning and project investments. – Canary Wharf Group

Investors

Logos of Canary Wharf Group's Investors

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