“It’s an excellent time to be an entrepreneur.
#European venture capital fund series
And cloud communications company MessageBird from Amsterdam raised an $800 million Series C. Berlin-based Trade Republic, a commission-free broker, raised a $900 million Series C. Execution management company Celonis, headquartered in Munich, raised a billion-dollar funding round. Lithium ion battery company Northvolt, headquartered in Sweden, raised a $2.7 billion funding last quarter. Europe’s late-stage funding is half the size of late-stage funding invested in North American companies in the second quarter. Late-stage funding in the second quarter of 2021 is up by a massive 466 percent year over year. The firm set up shop in London in 2020 and has been flexing its growth fund. Sequoia Capital is the single multistage venture firm to make this list. Investors that led or co-led fundings in the first half of 2021 in European companies by amounts are headed up by the Softbank Vision Fund, followed up by Goldman Sachs and third on the list is General Catalyst, all growth-stage investors. This totaled $41.4 billion, up over 300 percent year over year and more than 200 percent compared to the second half of 2020.Īll other funding stages were up year over year as well, with early-stage funding up 96 percent and seed capital up 66 percent, per Crunchbase data. The lion’s share of funding was invested in late-stage venture - Series C and beyond funding rounds - and private equity into venture-backed startups.
Venture funding to startups in Europe totaled an unprecedented $59 billion, Crunchbase data shows, up from $18.5 billion for the first half of 2020 and $24.5 billion for the second half of that year.įor the first half of 2021, European startups captured 20 percent of global capital, up from around 13 percent to 14 percent since the first half of 2019. European startups got a bigger slice of a bigger venture funding pie in the first half of 2021.
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