CB Insights mapped out the top-funded tech startup in every European country, including unicorns like Sweden’s Klarna and Spain’s Cabify. Since 2014, $90B has been invested across more than 18,000 equity deals to tech startups on the European continent.
Challenger banks continued to pick up multimillion-dollar rounds to fuel international expansion and customer acquisition: Q2’19 saw challenger banks raise $649M across 17 deals. Funding through the first month of Q3’19 is on track to see another $1B+ deployed to challenger banks. Yearto-date funding in 2019 has already surpassed 2018’s record of $2.3B.
European fintechs raised $1.5B in VC-backed funding in Q2’19 — pulling ahead of Asia for H1. Read about Klarna, N26, and the 7 other European fintech unicorns in our Global Fintech Report.
This includes investments into leading tech companies such as cloud computing startup Veeam Software in Switzerland, app development tool OutSystems in Portugal, and on-demand ride hailing platforms like BlaBlaCar in France and Cabify in Spain.
Using CB Insights data, the company identified the most well-funded VC-backed tech startup in each country in Europe. Collectively, the startups on CB Insights map have raised nearly $9B in disclosed equity funding (as of 10/8/2019).
See the full infographic below, and the complete list of startups at the end of this post.
CB Insights analysis excludes debt funding and only considers tech companies that have raised at least $1M of equity funding. Companies included have all raised funding since 2014. CB Insights exclude subsidiaries and majority-owned startups.
Key Takeaways
The top-funded startup in Europe is global communications company OneWeb in the UK, with almost $3.5B in total disclosed equity funding.
Rounding out the top 3 most well-funded startups in the region are online payments service provider Klarna in Sweden ($922M in disclosed equity funding) and mobile banking platform N26 in Germany ($683M).
Seven of the 36 companies featured in our map are unicorns, with disclosed valuations of $1B+ (all tracked in real time on the CB Insights global unicorn club tracker). These unicorns are: Klarna ($5.5B valuation, Sweden), N26 ($3.5B, Germany), BlaBlaCar ($1.6B, France), Cabify ($1.4B, Spain), OutSystems ($1B, Portugal), Bolt ($1B, Estonia), BitFury Group ($1B, Netherlands).
The region is home to 15 countries whose most well-funded tech startup has raised over $100M in equity funding. Only OneWeb has raised more than $1B+ in equity funding.
The least well-funded startup on the map is Croatia-based autonomous robots startup Gideon Brothers, which has raised $2.7M.
Since our last update of this map in April, only 1 startup has exited: Russia-based Ozon.ru, which was acquired in a corporate majority round by Moscow-based holding company Sistema.
THE MOST WELL-FUNDED TECH STARTUPS IN EUROPE
For more details download CB Insights – Global Fintech Report Q2 2019
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
