• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • Data Snapshot

Mega-rounds fuel record H1 for venture and growth

Mega-rounds fuel record H1 for venture and growth
  • Greg Gille
  • 27 July 2021
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Europe was home to a record EUR 38bn's worth of venture and growth capital investment in the first half of 2021, shattering previous records, according to Unquote Data.

European venture and growth capital was the only market segment that thrived rather than go backwards in the first half of 2020, while buyout processes were severely impacted by the coronavirus outbreak. According to Unquote Data, the venture space was hit later in the year, with H2 2020 marking a modest -10% step back in volume terms after months of growth.

So far, 2021 is showing strong signs of a healthy rebound. Investment volume crept up by 5% to hit 1,131 deals covered by Unquote across Europe in H1, inching closer to the previous record of 1,200 rounds seen in the first half of 2020.

But the aggregate value of these investments can be best described as a quantum leap: the EUR 38.17bn total of H1 2021 is a 72% increase on the EUR 22.14bn tallied up in the second half of 2020, and around double the amounts recorded in each half of 2019.

A glance at the number of rounds in excess of EUR 200m (and the sheer size of the largest of these) goes a long way towards explaining the massive value hike. Unquote recorded no fewer than 45 of these in H1 2021 alone, against 22 and 26 over the whole of 2020 and 2019, respectively.

The largest rounds inked in the first six months of 2021 read like a veritable Who's Who of European fintech heavyweights. Among these, Germany-based mobile-only broker Trade Republic raised a EUR 700m Series C funding round giving the company a valuation of USD 5.3bn (EUR 4.3bn); Blackstone Growth led a $800m (€665m) Series C for Netherlands-based e-payments software firm Mollie at a valuation of USD 6.5bn (EUR 5.4bn); SoftBank led a USD 639m funding round for Sweden-based Klarna, valuing the fintech business at USD 45.6bn; and Target Global led a USD 650m Series C for Germany-based digital insurance provider Wefox, which was valued at around USD 3bn post-money.

Star companies in other sectors attracted significant amounts of capital too, such as CMR Surgical, a UK-based surgical robotics business, raising USD 600m in yet another mega-round led by SoftBank – the Series D valued the business at around USD 3bn. Getir, the Turkey-based developer of a mobile app that provides delivery services for groceries, raised USD 550m in a Series D funding round co-led by Sequoia Capital and Tiger Global.

The signs of a market increasingly driven by late-stage mega-rounds were already there in the quieter H2 2020: despite a fall in investment volume compared to the first six months of that year, aggregate value jumped by nearly a third. And recent news from July would indicate the enthusiasm is not dying down: among others, UK-based payments and banking platform Revolut raised USD 800m in its Series E funding round at a valuation of USD 33bn, while online marketplaces CarNext and ManoMano raised EUR 400m and USD 355m respectively.

"The venture space is incredibly buoyant," says a UK-based tech investor. "During the pandemic, a lot of the companies active in tech, healthcare and remote working saw exponential growth. We are now seeing exceptional dealflow, as are others, and lots of investment in later-stage deals where it is getting really competitive."

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Data Snapshot
  • Venture
  • Early-stage
  • Expansion
  • France
  • UK / Ireland
  • Nordics
  • Southern Europe
  • DACH
  • Benelux
  • Venture
  • Market Insight
  • Exclusive
  • Unquote Data

More on Data Snapshot

Spending bottom dollar: Valuation gaps take Q1 buyout levels back to 2009
Spending bottom dollar: Valuation gaps take Q1 buyout levels back to 2009

Sponsors make just 95 buyouts in Europe in the first quarter - a figure not seen since Sony sold 12m floppy discs in one year

  • Data Snapshot
  • 12 April 2023
Strategics pull back from PE sales as macro uncertainty bites
Strategics pull back from PE sales as macro uncertainty bites

Share of trade exits hits lowest point in three years as corporates shore up balance sheets to navigate economic woes

  • Data Snapshot
  • 24 November 2022
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Sidekick spinoffs: Insurtech scale-ups attract PE interest

Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars

  • Data Snapshot
  • 03 August 2022
PE fundraising pipeline offers hope amidst slowdown in H1 2022
PE fundraising pipeline offers hope amidst slowdown in H1 2022

Final closes down by almost half so far this year, but a number of "mega-cap" vehicles in coming months could still bolster 2022 fundraising

  • Data Snapshot
  • 13 July 2022

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013