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Venture Pulse Q4 2019: Europe (KPMG)

ReportKPMGJanuary 202032 pages48 min readOriginal source
Key number
$7.9B
Capital raised by European VC-backed companies in Q4'19 p.3
Largest segment
Deliveroo ($575M)
Top European financing in Q4'19 p.26
What changed
1,264
First-time venture deal count in Europe in 2019 p.12

Summary

  • European VC-backed companies raised $7.9B across 804 deals in Q4'19.p.3
  • Close to $39 billion was invested in the European startup ecosystem throughout all of 2019.p.6
  • First-time venture financings of companies in Europe declined to 1,264 deals totaling $2.9 billion in 2019.p.12
  • London closed 2019 boosted by mega-deals such as Deliveroo's $575 million Series G round.p.18
  • Top Q4'19 financings in Europe included Deliveroo ($575M), Celonis ($284.4M), Picnic ($276.7M), and Wefox ($235M).p.26

Key insights

  1. Family offices have become an increasingly vital source of patient capital for early-stage European startups amid broader VC due diligence tightening.p.4
  2. France experienced a record annual VC investment in 2019, bolstered by healthtech, biotech, and software deals like Algolia's $110 million Series C raise.p.5
  3. Exit volume in Europe gradually slid throughout 2019 to close the year at one of the lower quarterly counts recorded in the decade.p.13
  4. Spain's annual VC totals were heavily boosted by Glovo securing two financings close to $170 million apiece.p.22

Topics and entities

DACHEuropeFranceNordicsUKCorporate venture capitalIPOs and listingsM&A and exitsStartup ecosystemsStartup fundingVenture capitalAlgoliaCelonisCreditStacksDeliverooGlovoOttonovaPicnicPitchBookRiskifiedVayyar ImagingVintedwefox

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