Welcome to the latest edition of the Silverpeak B&C Rounds report: A review of Series B&C investment rounds into European technology companies. The dataset covers total capital invested, average deal sizes, frequent investors, investments by country, among other statistics. The aim of this report is to provide readers with a good understanding of the fundraising environment for technology companies in Europe.
Key takeaways:
- Series B&C VC investment in European tech companies reaches a new high in 2020 with investment totalling €4.5B, an increase of 37%
- General trend towards larger rounds, with a tripling to 15% of B rounds above €50m and 40% of C rounds above €50m
- The UK still dominates as the destination of capital, and grew 42% in 2020 vs 2019
- The Nordic region shows a strong presence in B rounds with the region recording a 120% increase in capital invested on a 20% increase in deal count compared to 2019
- The largest B rounds were dominated by companies from the UK, producing 6 out of the top 10 largest rounds in 2020
- H2 2020 had 4 out of the 10 largest C rounds since 2016
Paddy MccGwire, Managing Partner, commented that “The European capital market for private companies has never been so strong, with a 37% surge of B &C round capital invested in 2020.”