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European VC Landscape – September 2023

After experiencing two months of decline, September saw a substantial surge in VC investments when compared to the previous month. To gain a comprehensive understanding of the current month's scenario, we encourage you to read our in-depth analysis, where you can uncover all the details.

06.10.2023

VC investments increased by 57% in September compared to the previous month

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

Number and amounts of announced funding rounds April to September 2023
* All data from crunchbase, as of Oktober 2, 2023

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

  • During the month of September, 455 financing rounds were announced.
  • The total amount invested in the announced financing rounds was $7.2bn, increasing by 280% compared to previous month.
  • Similar to previous months, most investments were made in Software companies, amounting to 109 investments, followed by Information Technology (71).

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 September 2023

Bpifrance is the most active investor of September

Investors with the highest number of investments in September

Investors with the highest number of investments in September 2023

Number and total volume of financing rounds per stage

Number and total volume of financing rounds per stage September 2023

Largest round of September was a Series C Round of $2.1bn

In September, most investment rounds were Seed Rounds (~42%). Despite that, a volume of $1.5bn was invested in 86 Venture Rounds.

Table comparing investment rounds in September 2023

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

  • The most investments in September were conducted in the UK (120), followed by Germany (67) and France (64).
  • When ranking by investment volume instead of the number of conducted investments, France takes first place ($2.8bn). UK ranks second by volume ($1.9bn).
Map showcasing the countries with most investments in September 2023

In the spotlight: Verkor raised $2.15bn in September in a Series C round

Company

Verkor logo
Industry

Battery

Founded in

2020, Grenoble

One-Sentence-Pitch

Verkor is a battery cell manufacturer whose goal is to increase the production of low-carbon batteries to fulfill the growing demand for electric vehicles.

Financing round

Money raised

$2.15bn / €2.00bn

Type of financing round

Series C

Comment/Quote

On September 14, Verkor secures $2.15bn to launch a high-performance battery gigafactory in France and accelerate future sustainable mobility. The largest equity raise for a French start-up.

Investors

Logos of Verkors's Investors

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