Despite the slowdown of the US VC investments, 2016 was a tremendous year for our dearly beloved EU Tech Scene. For you, we analysed at the several thousands of funding rounds that occurred in 2016 (according to Crunchbase).

1. EUROPEAN
FUNDINGS
2016
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2. IN A NUTSHELL… WINTER NEVER CAME
• $ 11 Billion were invested in EU Tech startups, 45% (in amount) at a VC stage
(round<$25M) 55% at a more PE stage (round >$25M) ;
• UK remains the leading ecosystem, although it is currently experiencing a slow
down because of Brexit, especially on VC stage rounds ;
• France has overtaken Germany, in terms of VC funding. Looking at H2 2016, this
trend is massive ;
• We strongly believe that the Tech EU boom will continue in 2017.
Methodological note : we excluded manually every non-tech companies and non-PE/VC/Seed/Angel rounds
(which for instance, just for France, it represented several hundreds M$)
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3. UK, GERMANY AND FRANCE LEAD THE GAME
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4,7
1,9
1,5
1,1 1,0
0,5
0,2 0,2
UK Germany France Rest of Europe Nordics Spain Italy Benelux
$11Billionraised by EuropeanStartupsin 2016
Geographic distribution

4. FRANCE OVERTAKES GERMANY WHEN IT COMES TO VC
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1,8
0,8 0,8 0,7
0,4
0,2 0,1 0,1
UK Nordics France Germany Rest of Europe Spain Italy Benelux
$5 Billionraised by EuropeanStartupsin 2016
Geographic distribution- excluding >$25m rounds

5. FIRST SIGNS OF SLOWDOWN IN THE UK?
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161,7 172,3
238,9
216,3220,7
202,7
148,4
159,2
507,9 517,2
405,4
403,6
Q1 Q2 Q3 Q4
Earlysignsof VC slowdownin the UK?
France Germany UK
Fundraising, quarter by quarter, excluding > $25m round

6. THE 12 TECH CITIES
London 1 336,1
Paris 682,7
Berlin 438,2
Stockholm 248,6
Amsterdam 130,8
Barcelona 103,2
Helsinki 104,7
Copenhagen 97,8
Hamburg 84,5
Dublin 84,3
Edinburgh 58,7
Munich 54,6
70% of the European Venture
Ecosystem gathered into 12 cities
1 London
2 Paris
3 Berlin
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In $M raised, excluding >$25m rounds

7. READ THE FULL
REPORT
HERE
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8. SERENA CAPITAL
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