With preliminary Q1 results in, it's been a blockbuster quarter for VC investment in European startups.
• €16.6B raised by European startups, more than double Q1 2020 (€7.9B)
• Led by megarounds for Klarna (€1B), UiPath ($750M), Wolt ($530M), Checkout.com ($450M), Epidemic Sound ($450M) and Hopin ($400M)
• Consistent activity seen at every funding stage
The UK, Germany, Sweden and France posted the highest totals. In an emerging parallel story, VC wasn't the only capital flowing into the European tech ecosystem. SPAC-associated private placements account for €4.6B in Q1-announced deals, up from figures that would round down to zero before 2021. (Track every SPAC on Dealroom)