Skip to content
Silverpeak
Back to news and insights

Nov 22, 2022

Q3 2022 | The state of the market for series B&C rounds in European tech companies

Welcome to the latest edition of the Silverpeak B&C Rounds report: A review of Series B&C investment rounds into European technology companies. The dataset covers total capital invested, average deal sizes, frequent investors, investments by country, among other statistics. The aim of this report is to provide readers with a good understanding of the fundraising environment for technology companies in Europe.

Report highlights

  • Series B&C deal activity exhibited a substantial slowdown QoQ , with total deal value falling to 2.27bn, 66%, the same as Q3 2019 which was, however, a record at the time. Deal count reduced to 59, 41%.
  • In Q3 only one fund led 2 or more Series B or C rounds ECBF leading 2 Series B rounds. In Q1 and Q2 17 funds led 2 or more series B and 6 led 2 or more Series C.
  • Overall, median deal sizes are getting smaller.  Series B and C experienced a QoQ decrease of 27% and 41%, respectively to €23m and €44m median value.

Click to download