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1、European venture capitalin 2023Funding Venture Conference.London,10 October 2023Funding Venture Conference.1The rise of European tech2Current state of European VC3The VC landscapePage/3 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA C
2、ONTENT/SOURCES/INSPIRATIONEuropes tech ecosystem has a combined value of$3.4 trillion.By comparison:Euronext$5.4T LSE$4.3TFrankfurt$2.0TView live 11%16%23%29%7%13%Dealroom.co.|Created with datawrapper.deSource:Page/4 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2
3、EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONAs a destination,Europes share of global VC is at a record 19%in 2023,up from 13%in 2013.View live Dealroom.co.|Created with datawrapper.deSource:Page/5 Big Tech virtually unchallenged in EuropeAmazon,Google,Facebook,Microsoft etc.Some excepti
4、ons:Skype,antivirus,Linux,Nokia38%of all seed capital is invested in EuropeDeepMind,Real competitionAdyen vs.StripeSpotify vs.NetflixJust Eat Takeaway vs.DoordashBolt vs.Uber 52015TodayEuropes share of global early-stage VC is at a record 24%in 2023.Late stage view dataBreakout view dataE
5、arly stage view dataDealroom.co.|Created with datawrapper.deSource:Page/6 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION80,900+companiesEarly stage($1M15M)view data 2,500+unicornsview data 18,100+companiesB
6、reakout stage($1540M)view data 5,600+companiesGrowth stage($100M+)view data Europe is catching up with the US at the very earliest stages.Each year 3,700 European startups receive their first cheque from a VC.Europe at 85%of US52%90%Dealroom.co.|Created with datawrapper.deSource:Page/7 Global VC-bac
7、ked companiesGlobal pre funding companies Global VC-backed$1B+companies founded since 1990$100B+companies$10B+companies$1B+companies3,500(3)$100B+$10B+$1B+340171.Dealroom estimate based on Dealroom Signal.2.Total number of funded startups is over 300K,but 150K is the number that is currently active.
8、3.Of the 3,500 there are about 1,400 unrealized unicorns and 1,300$1B+exits(the remaining 700 are unconfirmed$1B+companies).Europe produces unicorns and decacorns at a similar rate as the USA.No$100B+VC-backed outcomes yet,but a matter of time,given size of ecosystem today.Current pool of 40K(1)not
9、yet funded startups(last 3 years)12.5K startups raise their first VC round each year(about are in EMEA)Current pool of 150K active VC-backed startups founded since 2000(2)512 in Europe=15%42 in Europe=12%0 in Europe=0%B is$100B+company,fundamentally European company,not VC-backedSimilar to Europes s
10、hare of VC 10-agoMore experienced entrepreneurial talent than ever.Accel&Dealroom.coSource:Page/8 Number of founders coming out of European unicornsPage/9 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONEurop
11、e has the science and engineering talent.Amazon,Google,Facebook,Microsoft etc.Unchallenged in EuropeCategory leaders born in EuropeAdyen,Spotify,Klarna,Just Eat Takeaway,etc.Over 30%of all seed capital has been invested in Europe in the last 7 yearsExperienced VC scene,Startup mafia flywheel,Enginee
12、ring and scientific talentMore than half of the worlds top science clusters are in Europe(Dealroom)Highest concentration of AI talent(Sequoia)Highest share of highly-cited research publications(Clarivate)Europe excels in Computer Science and Engineering university rankings(THE 2022)European students
13、 are more into science than the US(Benedict Evans)European engineers are also much less costly(Y Combinator News)Page/10 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONA third of VC-backed startups have had
14、an exit via strategic sale,buyout or IPO.But it usually takes 1020 years.Year foundedPre-seed$01MSeed$14MSeries A$415MSeries B$1540M+Series C$40100MMegaround$100250MMegaround+$250M+20025105From Bootstrapping to VC backed.Every year,bootstrapped startups hop on the VC train at b
15、reakout or late stage.Over 2,000 startups have done so since 2018.Explore more Dealroom.co.|Created with datawrapper.de Preliminary data of European startups only.Source:Dealroom.co.|Created with datawrapper.deSource:Page/11 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH
16、1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONValue of European VC-backed exits is about$70 billion per year,which is about 3x the amount of VC invested a decade ago.View online Dealroom.co.|Created with datawrapper.deSource:1The rise of European tech2Current state of European VC3
17、The VC landscapePage/13 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONInfoCert Casavo Prima.itBending Spoons$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pre-seed)GrowthBreako
18、utEarly2018Q4Q32020Q4Q3Q2Q12021Q4Q3Q2Q12022Q4Q3Q2Q120232019Q4Q3Q2Q1Q3Q2Q1Investment into European startups is expected to reach over$77 billion this year(well over the previous pre-pandemic record).VC investment into European startups,2013 2023 YTD view online$200M$800M$600M$400M Q3Q4Q1Q2Q3Q4Q1Q2Q3Q
19、4Q1Q2Q3Q4Q1Q2Q3Q4Q20202120222023 YTD$415m(series A)$14m(seed)$01m(pre-seed)$250m+$100250m$40100m(series C)$1540m(series B)LateBreakoutEarlyDealroom.co.|Created with datawrapper.deSource:Page/14 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTEN
20、TALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONQ1RaisinAmarencoAmrytDeepLQ2SynthesiaVectivBioReward GatewayQuantexaQ3LeanIXZyber 365Kerecis11 new European unicorns in 2023 so far,of which three in Q3.Q2Q3Q1Dealroom.co.|Created with datawrapper.deSource:Page/15 Source:EXTRA CONTENTALIGN HERE EXTRA CONT
21、ENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2$415m(series A)$14m(seed)$01m(pre-seed)Its mainly late-stage investment that dried up in 2023.$100250mLate$40100m(series C)$1540m(series B)BreakoutEarly2001920212023E200192
22、0212023E2001920212023EScaleup stage query-select 6Breakout stage query-select 6early stage query-select 6Dealroom.co.|Created with datawrapper.deSource:Page/16 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/
23、INSPIRATIONMost countries are back to 2019 levels of activity,with some exceptions like France,Switzerland,Norway,and Italy.Dealroom.co.|Created with datawrapper.deSource:Page/17 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/
24、SOURCES/INSPIRATIONEuropean venture has pivoted to physical tech.VC investment by client focus view moreDealroom.co.|Created with datawrapper.deSource:Page/18 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIOND
25、eep Tech and Climate Tech have taken over.Deep Tech Climate Climate x Deep Tech Dealroom.co.|Created with datawrapper.deSource:Page/19 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONTop segments include ener
26、gy storage,clean energy and vehicle production.Dealroom.co.|Created with datawrapper.deSource:Page/20 EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2European Seed&Series A round sizes went up,and stayed up p
27、ost bubble.DESIGN CONTENTDESIGN CONTENTDealroom.co.|Created with datawrapper.deSource:1The rise of European tech2Current state of European VC3The VC landscapePage/22 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPI
28、RATIONNew funds raised by European Venture Capital funds.Unique number of active investors per investor type20000222023Dealroom.co.|Created with datawrapper.deSource:New funds raised by European VC funds view online Page/23 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TIT
29、LEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONModel:Chart:Dataset:Massive increase in the unique number of active investors into EMEA VC rounds,even into Q2 2023.Unique number of active investors per investor type20001920202021
30、20222023Dealroom.co.|Created with datawrapper.deSource:Alex in progressPage/24 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONModel:Chart:Dataset:Massive increase in the number of unique active EMEA VCs,even
31、 into Q2 2023.Unique number of active investors per investor type20000222023Dealroom.co.|Created with datawrapper.deSource:SeedSeries ASeries BSeries C+Page/25 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE
32、EXTRA CONTENT/SOURCES/INSPIRATIONPower Law distribution on display.Being successfulat VC is hardBut dozens of investors have achieved big successes.And bear in mind,that the top investors have been around for over a decade.The top 60 Seed VCs invest in two or more unicornsThe top 63 Series A investo
33、rs three or more unicorns Page/26 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLocalGlobe and PointNine lead the pack at the Seed stage.Dealroom.co.Created with datawrapper.deSource:Page/26 Page/27
34、Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.Created with datawrapper.deSource:Page/27 Accel,Index,Bessemer,Balderton,Northzone lead the pack at the Series A stage.Page/28 LOGOS SPACINGY
35、EAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDespite talks of“tourists”leaving the crime scene,corporate and other investor groups are on the rise in 2023,driven by climate and deep tech.Unique number of active investor
36、s per investor type20000222023Dealroom.co.|Created with datawrapper.deSource:European sources of VC investment view online Page/29 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRA
37、TIONEuropean corporates desperately need to innovate on a larger scale.And Europe as a whole needs them to succeed.Startups are a key driver.Corporate R&D spend($billions)USAEU-27JapanChinaS.KoreaUKGermanyFranceIsraelTaiwanItalyInternet,software,hardware 2130Semiconductors395312010070Phar
38、ma,biotech,healthcare8452Automotive8008Aerospace and Defense2Telecom01Oil&GasThis decade will require ecosystems that can combine entrepreneurship,capital,deep R&D and science.Fiat Chrysler Automobiles N.V.Leonardo S.p.a.Telecom Italia S.p.A.Fer
39、rari N.V.Eni S.p.A.Pirelli&C.S.p.A.Avio S.p.A.Fincantieri S.p.A.Prada S.p.ARecordati Industria Chimica e Farmaceutica S.p.A.Dealroom.co analysis of 2018 PWC data on 1,000 publicly listed companies.Source:Page/30 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA
40、 CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co&CreandumUp to 20052005-2015TodayNext 20 yearsIn Europe,the next 20 years wont be like the last.Amazon,Google,Facebook,Microsoft etc.Unchallenged in EuropeCategory leaders born in EuropeAdyen,Spotify,Klarna,Just Eat Takeaway,etc.Over 30%
41、of all seed capital has been invested in Europe in the last 7 yearsExperienced VC scene,Startup mafia flywheel,Engineering and scientific talentAmazon,Google,Facebook,Microsoft etc.Unchallenged in Europe30%of all seed capital is invested in EuropeBooking vs.AirbnbAdyen vs.StripeSpotify vs.NetflixRev
42、olut vs.ChimeExperienced VCs Startup mafia flywheelEngineering and scientific talentDealroom.co&CreandumSource:Create a free account on dealroom.co for more intelligence on startups and tech ecosystems.Measuring to stay at forefront of technological trends and ecosystemsConnecting startup communities through data transparency and connectionsDiscovering promising companies with predictive intelligence,to source deals