Dealroom：2024年Q1拉丁美洲科技投资报告 European venture capital in 2023

European

venturecapitalin2023

FundingVentureConference.

London,10October2023

1TheriseofEuropeantech

2CurrentstateofEuropeanVC

3TheVClandscape

23%

Europeʼstech

ecosystemhasa

combinedvalueof

$3.4trillion.

29%

Bycomparison:

Euronext

LSE

Frankfurt

$5.4T

$4.3T

$2.0T

16%

11%

Viewlive»

13%

7%

Page/3Source:Dealroom.co.|Createdwithdatawrapper.de

Asadestination,

Europeʼsshareof

globalVCisata

record19%in

2023,upfrom

13%in2013.

Viewlive»

Page/4Source:Dealroom.co.|Createdwithdatawrapper.de

Europeʼsshareofglobalearly-stageVCisatarecord24%in2023.

Earlystage

»view

data

Breakout

»view

data

Latestage

»view

data

Page/5

Source:Dealroom.co.|Createdwithdatawrapper.de

90%

Europeiscatching

upwiththeUSat

theveryearliest

stages.

Eachyear±3,700

52%

Europeanstartups

receivetheirfirstcheque

fromaVC.

Page/6

Source:Dealroom.co.|Createdwithdatawrapper.de

GlobalVC-backed$1B+companies

foundedsince1990

$1B+$10B+$100B+

3,500(3)

0in

Europe

=0%

Bis$100B+

company,fundamentally

Europeancompany,not

VC-backed

SimilartoEuropeʼsshareofVC10-ago

42in

Europe

=12%

512

inEurope=15%

340

17

Globalprefundingcompanies

Currentpoolof±150KactiveVC-backed

startupsfoundedsince2000(2)

±12.5Kstartups

raisetheirfirst

VCroundeachyear(about⅓areinEMEA)

EuropeproducesunicornsanddecacornsatasimilarrateastheUSA.No$100B+VC-backedoutcomesyet,butamatteroftime,givensizeofecosystemtoday.

GlobalVC-backedcompanies

Page/7

1.DealroomestimatebasedonDealroomSignal.

2.Totalnumberoffundedstartupsisover300K,but150Kisthenumberthatiscurrentlyactive.

3.Ofthe3,500thereareabout1,400unrealizedunicornsand

1,300$1B+exits

(theremaining700areunconfirmed$1B+companies).

Moreexperiencedentrepreneurial

talentthanever.

NumberoffounderscomingoutofEuropeanunicorns

Page/8Source:Accel&Dealroom.co

Page/9

Europehasthescienceandengineeringtalent.

●MorethanhalfoftheworldʼstopscienceclustersareinEurope(Dealroom)

●HighestconcentrationofAItalent(Sequoia)

●Highestshareofhighly-citedresearchpublications(Clarivate)

●EuropeexcelsinComputerScienceandEngineeringuniversityrankings(THE2022)

●EuropeanstudentsaremoreintosciencethantheUS(BenedictEvans)

●Europeanengineersarealsomuchlesscostly(YCombinatorNews)

AthirdofVC-backed

startupshavehad

anexitviastrategic

sale,buyoutorIPO.

Butitusuallytakes

10–20years.

Page/10

Dealroom.co.|Createdwithdatawrapper.de

Source:

PreliminarydataofEuropeanstartupsonly.

ValueofEuropean

VC-backedexits

isabout$70billion

peryear,whichis

about3xtheamount

ofVCinvesteda

decadeago.

Viewonline»

Page/11Source:Dealroom.co.|Createdwithdatawrapper.de

1TheriseofEuropeantech

2CurrentstateofEuropeanVC

3TheVClandscape

InvestmentintoEuropeanstartupsisexpectedtoreachover$77billionthisyear(welloverthepreviouspre-pandemicrecord).

VCinvestmentintoEuropeanstartups,2013–2023YTD

»viewonline

▊$250m+

Late

▊$100–250m

Breakout

▊$40–100m(seriesC)▊$15–40m(seriesB)

Early

▊$4–15m(seriesA)▊$1–4m(seed)

▊$0–1m(pre-seed)

Page/13Source:Dealroom.co.|Createdwithdatawrapper.de

11newEuropean

unicornsin2023sofar,ofwhichthreeinQ3.

Q1

Q2

synthesia

kerecIS

Q3

Page/14

Source:Dealroom.co.|Createdwithdatawrapper.de

Itʼsmainlylate-stageinvestmentthatdriedupin2023.

▊$40–100m(seriesC)▊$15–40m(seriesB)

▊$100–250m

Early

Breakout

Late

▊$4–15m(seriesA)

▊$1–4m(seed)

▊$0–1m(pre-seed)

201320152017201920212023E

201320152017201920212023E201320152017201920212023E

perenna

H2greenstee

osonio

9puraffnity

nmcl

区zeelo

Page/15

Source:Dealroom.co.|Createdwithdatawrapper.de

Mostcountriesare

backto2019levels

ofactivity,with

someexceptions

likeFrance,

Switzerland,

Norway,andItaly.

Page/16Source:Dealroom.co.|Createdwithdatawrapper.de

Europeanventure

haspivotedto

physicaltech.

Page/17Source:Dealroom.co.|Createdwithdatawrapper.de

DeepTechand

ClimateTechhave

takenover.

DeepTech»

Climate»

ClimatexDeepTech»

Page/18Source:Dealroom.co.|Createdwithdatawrapper.de

Topsegments

includeenergy

storage,clean

energyandvehicle

production.

Page/19Source:Dealroom.co.|Createdwithdatawrapper.de

EuropeanSeed&SeriesAroundsizeswentup,andstayeduppostbubble.

Page/20

Source:Dealroom.co.|Createdwithdatawrapper.de

1TheriseofEuropeantech

2CurrentstateofEuropeanVC

3TheVClandscape

NewfundsraisedbyEuropean

VentureCapitalfunds.

Molten

EURAZEO

NewfundsraisedbyEuropeanVCfunds

»viewonline

Page/22Source:Dealroom.co.|Createdwithdatawrapper.de

Massiveincreasein

theuniquenumber

ofactiveinvestors

intoEMEAVC

rounds,eveninto

Q22023.

Page/23Source:Dealroom.co.|Createdwithdatawrapper.de

Massiveincreasein

thenumberof

Seed

uniqueactive

EMEAVCs,even

intoQ22023.

SeriesA

SeriesB

SeriesC+

Page/24Source:Dealroom.co.|Createdwithdatawrapper.de

PowerLaw

distributionon

display.

Beingsuccessful

atVCishard…

Butdozensofinvestors

haveachievedbig

Thetop60SeedVCsinvestintwoormoreunicornsThetop63SeriesAinvestorsthreeormoreunicorns

successes.Andbearin

mind,thatthetop

investorshavebeen

aroundforovera

decade.

Page/25

LocalGlobeand

PointNinelead

thepackatthe

Seedstage.

Page/26

Dealroom.co.

Source:

Createdwithdatawrapper.de

Accel,Index,

Bessemer,

Balderton,

Northzonelead

thepackatthe

SeriesAstage.

Page/27

Dealroom.co.

Source:

Createdwithdatawrapper.de

Despitetalksof

“tourists”leaving

thecrimescene,

corporateand

otherinvestor

groupsareonthe

risein2023,driven

byclimateand

deeptech.

Page/28Source:Dealroom.co.|Createdwithdatawrapper.de

EuropeansourcesofVCinvestment

»viewonline

Europeancorporatesdesperatelyneedtoinnovateonalargerscale.AndEuropeasawholeneedsthemtosucceed.Startupsareakeydriver.

OMeta

Apple

Google

sanofi

ASML

PHILIPS

Tencent

sanofi

teva

CorporateR&Dspend

($billions)

USA

EU-27

Japan

China

S.Korea

UK

Germany

France

Israel

Taiwan

Italy

Internet,software,hardware

114

9

9

15

17

1

4

2

1

3

0

Semiconductors

39

5

3

1

2

0

1

0

0

7

0

Pharma,biotech,healthcare

84

52

14

1

0

13

8

8

2

0

0

Automotive

19

46

39

6

4

4

34

8

0

0

8

AerospaceandDefense

11

8

0

0

0

2

0

2

0

0

2

Telecom

13

16

2

3

0

1

1

1

0

0

1

Oil&Gas

1

3

0

3

0

0

0

1

0

0

0

Page/29

Source:Dealroom.coanalysi