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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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.
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)
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.