Q4 2022 I Series B&C Rounds Glimmers of recovery following steep Q3 decline

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

• Median deal sizes recover from a Q3 decline to above 2020 peak values, with Series B and C experiencing a QoQ Increase of 15% and 16% respectively, to €27m and €51m median value
• Hoverer, total Series B&C deal activity exhibited a sharp decline HoH, following the dramatic drop off in Q3, as activity normalises to pre-2021 levels. Total deal value decreased HoH to €5.2bn, (61%), and deal count reduced to 116 (44%).
• In H2 there were only six Series C megadeals above €100m, representing 19% of total deals, compared to 23 comparable deals in H1 (c.39%)