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

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

Key takeaways:

  • Series B & C investment in European tech companies sky-rockets with total capital invested in H1 2021 increasing 115% on H2 2020, Q3 2021 increasing 170% to €7.2bn, compared to Q3 2020
  • Proportion of larger rounds continue to rise: the proportion of B rounds exceeding €20m increased to 65% and C rounds exceeding €50m increased to 62%
  • The median value of C rounds has increased significantly to €82m, double H1 2020, due to a series of mega-rounds
  • UK companies continue to receive the largest share of European investment  – 29% by value and 31% by number
  • The largest C round investment in 2021 YTD was €810m, approximately 3x larger than the biggest C round in 2020
  • Europe continues to generate outstanding tech companies, attracting 39 mega-rounds in excess of €100m to Q1 – Q3 2021

Paddy MccGwire, Managing Partner, commented that “The extraordinary step change in investment by number and value in 2021 is set to continue as fund ’dry powder’ is accompanied by a proliferation of new and existing players announcing fresh funds”

 

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