By Diederik Ingen Housz, Diego Le Grand and Tijs Bellers
After the positive response to our 2021 Funding Report, we are excited to share our monthly follow-up. The aim is to give you a quick snapshot of the funding activity of last month. We hope you enjoy it.
Over the course of February, European B2B software companies:
Were funded across 110 deals.
Attracted €2.6B in total funding, minting six new unicorns.
In the European B2B software landscape, fewer but bigger rounds have been raised in February with an average round size of €23M. Interestingly enough, the traditional EU Software hubs ‘only’ accounted for 58% of all funding. This was mainly because five out of the six new unicorn rounds were raised outside these hubs: Relex Solutions (Finland), Scandit (Switzerland), MindMaze (Switzerland), Dune Analytics (Norway) and Scalapay (Italy).
The ‘Top 5’ largest rounds* in February were raised by:
1. Relex Solutions
€ 500 M
€ 194 M
€ 182 M
€ 164 M
€ 136 M
*Data on Dollar-Rounds have been converted to Euros at a 1.10 EUR/USD rate.
See the full report below or click here.