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European Venture Capital: Q3 Flash Update

European companies raised €2.8 billion so far in Q3, Dealroom data shows. With one month still to go, this implies Q3 is on track for a solid quarter close to €4 billion. As always, the outcome will depend on a few large rounds. The below charts compares a few relevant quarters, or check our funding heatmap for more detail on each quarter.

3nrcomp Using the same Q1 and Q2 2016 data, the below chart compares average rounds sizes for US and European companies. The multiple signifies the difference factor. (Pre) Series-A rounds in the USA are 2x the size, while later stage rounds are 1.6x bigger, on average. USA EU avg size To review this comparison in more detail, please see this Google Sheet. Note: Dealroom includes Israel, Turkey and Russia in our European aggregate figures for practical reasons. Source for USA data: Mattermark and Pitchbook.'>European Venture Capital: Q3 Flash Update

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Q3 is extrapolated simply by multiplying July and August data by 3/2.

3nrcomp Using the same Q1 and Q2 2016 data, the below chart compares average rounds sizes for US and European companies. The multiple signifies the difference factor. (Pre) Series-A rounds in the USA are 2x the size, while later stage rounds are 1.6x bigger, on average. USA EU avg size To review this comparison in more detail, please see this Google Sheet. Note: Dealroom includes Israel, Turkey and Russia in our European aggregate figures for practical reasons. Source for USA data: Mattermark and Pitchbook.'>European Venture Capital: Q3 Flash Update

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UK companies raised over €600M in Q3 so far already, thanks partly to Deliveroo‘s $275M round. Overall, the VC tech ecosystem is looking quite solid in Europe in terms of volume, but becoming more dependent on a few large rounds.

How does this compare with the USA? The below chart shows USA data from Pitchbook (left) and Mattermark (middle) with Dealroom data for Europe (right). In $ terms, the Mattermark and Pitchbook data conflict eachother. Pitchbook tracks a lot more rounds across all stages and especially in seed and angel stage.

Overall, VC funding in the USA is still 4x higher than Europe, despite the two economies being of similar size. The number of rounds is contracting both in the US and in Europe, while $ amount raised remains a volatile statistic, due to big rounds skewing the results for both.

3nrcomp Using the same Q1 and Q2 2016 data, the below chart compares average rounds sizes for US and European companies. The multiple signifies the difference factor. (Pre) Series-A rounds in the USA are 2x the size, while later stage rounds are 1.6x bigger, on average. USA EU avg size To review this comparison in more detail, please see this Google Sheet. Note: Dealroom includes Israel, Turkey and Russia in our European aggregate figures for practical reasons. Source for USA data: Mattermark and Pitchbook.'>European Venture Capital: Q3 Flash Update

USA EU

3nrcomp Using the same Q1 and Q2 2016 data, the below chart compares average rounds sizes for US and European companies. The multiple signifies the difference factor. (Pre) Series-A rounds in the USA are 2x the size, while later stage rounds are 1.6x bigger, on average. USA EU avg size To review this comparison in more detail, please see this Google Sheet. Note: Dealroom includes Israel, Turkey and Russia in our European aggregate figures for practical reasons. Source for USA data: Mattermark and Pitchbook.'>European Venture Capital: Q3 Flash Update

3nrcomp

Using the same Q1 and Q2 2016 data, the below chart compares average rounds sizes for US and European companies. The multiple signifies the difference factor. (Pre) Series-A rounds in the USA are 2x the size, while later stage rounds are 1.6x bigger, on average.

3nrcomp Using the same Q1 and Q2 2016 data, the below chart compares average rounds sizes for US and European companies. The multiple signifies the difference factor. (Pre) Series-A rounds in the USA are 2x the size, while later stage rounds are 1.6x bigger, on average. USA EU avg size To review this comparison in more detail, please see this Google Sheet. Note: Dealroom includes Israel, Turkey and Russia in our European aggregate figures for practical reasons. Source for USA data: Mattermark and Pitchbook.'>European Venture Capital: Q3 Flash Update

USA EU avg size

To review this comparison in more detail, please see this Google Sheet.

Note: Dealroom includes Israel, Turkey and Russia in our European aggregate figures for practical reasons.

Source for USA data: Mattermark and Pitchbook.