The State of the Market for Series B&C Rounds in European Tech Companies | 2021

Silverpeak has updated its research into Series B & C round in European Tech Companies.

Key takeaways:

  • Series B&C investment in European tech companies rockets with total capital invested in 2021 increasing 2.5x to €25.3bn
  • European mega-rounds (€100m+) are becoming very common. Of the 2021 total of 58, this was 42 Series C and 16 Series B rounds
  • Median deal sizes have nearly doubled YoY: C rounds grew 89% to €78.4m and B rounds grew 68% to €29.9m
  • UK companies continue to attract the biggest share of investment into European B&C rounds – 32% by value and 35% by count
  • Food & Delivery Tech and Fintech captured the largest investments in 2021, with 3 Series C and 2 Series B rounds, totalling €3.1bn

Paddy MccGwire, Managing Partner, commented that “2021 has been a watershed year with a step change in the value of Series B&C Technology sector investment. The pace and scale of private investment continues into 2022 despite reduction in Technology stock indices on public markets. ”

B&C Rounds Research Silverpeak