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Record breaking €4.6 billion funding in Q1 2016

A record €4.6 billion of venture capital was raised by European companies during the first quarter. Robust numbers, as we anticipated back in February.

Below follows a full breakdown by industry, by country, by city and by business model.

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FUNDING BY INDUSTRY
Music €1.1 B
Fintech €647M
Security €519M
Analytics €460M
Food €380M
Fashion €339M
Travel €294M
Storage €264M
Learning €226M
(Other industries)

Out of Music’s €1.1 billion, the vast majority (€0.9 billion) came from Spotify’s convertible, but SoundCloud and Deezer also raised strategically important rounds. Most other figures such as FinTech’s €0.7 billion consist of a longer list of sizeable rounds.

FUNDING BY COUNTRY
Europe €4.6 B
United Kingdom €1.1 B
Sweden €1.1 B
France €704 M
Israel €596 M
Germany €324 M
Ireland €202 M
(Other countries)

BUSINESS MODEL
Subscription €2.1 B
Freemium €1.2 B
Commission €721 M
eCommerce / trade €491 M
Manufacturing €430 M
Virtual items €303 M
Lead generation €266 M
Software license €242 M
(Other business models)

FUNDING BY CITY
Stockholm €1.1 B
London €680 M
Paris €265 M
Berlin €194 M
Dublin €192 M
Tel Aviv-Yafo €146 M
Copenhagen €38 M
Madrid €33 M
(Other cities)

We will leave it others to convert our data into wonderful visual charts and insights. Researchers: please let us know if you’d like an export to use for research purposes and we will consider your request!

Note: funding by industry and business model includes deals beyond Europe.