1、 Marketplace startups and venture capital 2022 ReviewFebruary 2023Marketplace startups and venture capital2022 ReviewFebruary 2023Page/2 Investing in the future of marketplaces.NN Group is an international financial services company,active in 11 countries,with a strong presence in a number of Europe

2、an countries and Japan.Our roots lie in the Netherlands,with a rich history that stretches back over 175 years.With our 14,000 employees,NN provides retirement services,pensions,insurance,banking and investments to approximately 18 million customers.NN Group includes Nationale-Nederlanden,NN,ABN AMR

3、O Insurance,Movir,AZL,BeFrank,OHRA and Woonnu.Investing in the future of marketplaces.Adevinta Ventures is the VC arm of the Adevinta group,a global online classifieds specialist operating leading digital marketplaces in 14 countries.We invest in fast-growing European startups(Series A and B rounds)

4、that can shape the future of mobility,real estate,work and fintech.We also foster collaboration opportunities between our portfolio companies and Adevinta brands.Global startup&venture capital intelligence platform.Dealroom.co is the foremost data provider on startup,early-stage and growth company e

5、cosystems in Europe and around the globe.Founded in Amsterdam in 2013,we now work with many of the worlds most prominent investors,entrepreneurs and government organizations to provide transparency,analysis and insights on venture capital activity.VC Funding and Valuation Overview1Table of contents2

6、Regional Comparison$226B“1Understanding Deep Tech2The state of European Deep Tech 3 Deep Tech segments to watch4Accelerating European Deep Tech1VC Funding and Valuation OverviewPage/5 VC funding for marketplaces in 2022 was down 50%year-over-year,returning to pre-pandemic numbers,with$74B raised.Sou

7、rce:Dealroom.co Wealth management platform$1.4BTrading market maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and infrastructure$450MCrypto exchange$400MDONE$150B$100B$50BGlobal VC Investment in M

8、arketplaces view onlineH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022$149B20200022$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pre-seed)ScaleBreakoutStart$74B$69B$4B-50%$150B20222021

9、82000112010$100B$50B$250m+$100250m$40100m(series C)$1540m(series B)$415m(series A)$14m(seed)$01m(pre-seed)ScaleBreakoutStart$4B$69B$149B$74B-50%Page/6 41 new marketplace unicorns were created in 2022,the lowest number since 2016.Source:Dealroom.co H1 2017H2 2017H1 2018H2 2018H1

10、 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022Global cumulative number of Marketplace Unicorns20002600599558390327256199154120+41+168+63+71+57+45+34See all new 2022 marketplace unicorns view onlinePage/7 28%of VC backed marketplaces startups have raised capital in 2

11、022.Combined enterprise value adjustments mostly happened in public markets.Source:Dealroom.co Wealth management platform$1.4BTrading market maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and inf

12、rastructure$450MCrypto exchange$400MDONEH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022Global combined marketplace enterprise value by ownership$2.0T$2.5T$8.4T$4.2T+25%YoY-50%YoY%of VC backed private marketplaces which raised a round in 202272%of private startups have n

13、ot adjusted their valuations recently.28%of VC backed marketplaces startups have raised capital in 2022.72%of private startups have not adjusted their valuations recently.2002020212022 Private EV Public EV$2.0T$8.4T$2.5T$4.2T$4T$8T$12T+25%YoY -50%YoY Page/8 After a drop in the second half

14、 of the year,B2B VC funding dropped 33%while B2C fell 57%YoY.Source:Dealroom.co Wealth management platform$1.4BTrading market maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and infrastructure$450

15、MCrypto exchange$400MGlobal VC Investment in Marketplaces view onlineH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022Marketplace VC Funding by YearB2C$33.5B$22.6B$86.8B$37.0BB2B-33%-57%2021 2022Explore our B2B Marketplace Report view onlineMarketplace VC Funding by Year

16、2021 2022B2C$3.5B$3.8BB2B$86.8B$37.0B-57%-33%Explore our B2B Marketplaces reportPrevious editionPage/9 Marketplace median round sizes have fared worse than other business models.Source:Dealroom.co.Note:no rounds under$100k are considered for this analysis.Wealth management platform$1.4BTrading marke

17、t maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and infrastructure$450MCrypto exchange$400MMedian round sizes by roundH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 202

18、2Marketplace&SaaSSeedSeries ASeries BSeries C+SeedSeries ASeries BSeries C+Marketplace&SaaS20022$2.0M$1.5M$1.0M$0.5M Marketplaces Rest of Market Marketplaces Rest of Market Marketplaces Rest of Market Marketplaces Rest of Market20022$12.5M$10.0M$7.5M$2.5M20022$40M$30

19、M$20M$10M20022$100M$75M$50M$25M$5.0MPage/10 Fintech,Food and Health marketplaces received the most VC funding in 2022.Source:Dealroom.co.Overlap between industries may occur.Wealth management platform$1.4BTrading market maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platfo

20、rm$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and infrastructure$450MCrypto exchange$400MH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022FintechFoodHealthTransportationReal EstateEducationFashionSports$17.8BVC Funding Amount by Market

21、place Segment,2022GamingEnergy$9.5B$7.7B$6.8B$6.1B$3.5B$3.0B$3.0B$2.5B$2.5BLargest VC Funding Rounds in 2022Page/11 Food Delivery,Mortgages&Lending and Crypto&DeFi were the highest funded sub-industries.Source:Dealroom.co.*Fanatics has been removed from the Sporting Equipment category as an outlier.

22、VC Funding by Sub-Industry,2022 vs 2021Food Logistics&DeliveryMortgages&LendingCrypto&DeFiHealth PlatformLogistics DeliverySearch,Buy&RentWealth ManagementInsuranceSporting$6.3B$5.3B$4.7B$4.7B$4.4B$4.3B$4.0B$2.4B$2.4BLearning Tools&Resources$2.2BInsuranceLearning Tools&ResourcesHealth PlatformCrypto

23、&DeFiMortgages&LendingWealth ManagementSearch,Buy&RentLogistics DeliveryFood Logistics&DeliverySporting0%-20%-40%-60%VC Funding Growth by Sub-Industry,2022 vs 2021-37%-37%-41%-44%-48%-59%-61%-62%-62%-74%VC Funding Growth by Sub-Industry,2022 vs 2021InsuranceLearning Tools&ResourcesHealth PlatformCry

24、pto&DeFiMortgages&LendingWealth ManagementSearch,Buy&RentLogistic DeliveryFood Logistic&Delivery Sporting-74%-62%-62%-61%-59%-48%-44%-41%-37%-37%Page/12 The number of IPOs,and amount of capital raised from going public,collapsed in 2022.Source:Dealroom.co Wealth management platform$1.4BTrading marke

25、t maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and infrastructure$450MCrypto exchange$400MDONECombined IPO amount in 2022 view onlineH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2

26、021H2 2021H1 2022Number of IPOs in 2022 view online200020022$60B$40B$20B15010050$55.5B$5.9B14834-89%-77%20222021820172016$60B$40B$40B2015$55.5B$5.9B-89%202220250834-77%Page/13 Consolidation season.2022

27、 was the most active year yet for marketplaces acquisitions,with 120%growth in number over 2021,while acquisition value dropped 51%.Source:Dealroom.co Wealth management platform$1.4BTrading market maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app

28、 and infrastructure builder$450MEthereum scaling and infrastructure$450MCrypto exchange$400MDONECombined acquisition amount in 2022 view onlineH1 2017H2 2017H1 2018H2 2018H1 2019H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022Number of acquisitions in 2022 view online20002

29、0022$60B$40B$20B1000500$80B$73.3B$35.6B-51%+120%4541kCombined acquisition amounts in 2022 view onlineNumber of acquisitions in 2022 view online20222021820172016$80B$60B$20B2015$73.3B$35.6B-51%20222020005002015454$40B1000+120%1Understanding Deep

30、Tech2The state of European Deep Tech 3 Deep Tech segments to watch4Accelerating European Deep Tech2Regional comparisonPage/15 North American and European investors and startups have steadily increased their interest in marketplace startups.Source:Dealroom.co Wealth management platform$1.4BTrading ma

31、rket maker$1.2B Payments platform$1.0BBaaS$620MInstitutional crypto platform$550MSME finance486MEthereum app and infrastructure builder$450MEthereum scaling and infrastructure$450MCrypto exchange$400MDONEGlobal marketplace VC funding by investor location view onlineH1 2017H2 2017H1 2018H2 2018H1 201

32、9H2 2019H1 2020H2 2020H1 2021H2 2021H1 2022Global marketplace VC funding,by company location view online200202021202220%40%60%80%20%40%60%80%100%100%Europe North America Asia Rest of World Europe North America China Rest of Asia Rest of World Undisclosed2002020212022 20%40%60%80%100%2002020212022 8%28%3%38%22%50 people),grownups(500 people)and result in big companies,like Klarna or Coinbase.Only companies founded since 1990 are included in this report.Source:Dealroom.co.DoneDone