TOP EUROPEAN DEALS

IN SEPTEMBER 2021

This September surprised us with high activity in the French ecosystem. Although the UK keeps its first place in total funding volume, France goes second and replaces Germany in September’s TOP 5.

According to TechCrunch, a reason for that could have been the Brexit development, which possibly incentivised some of the UK ecosystem participants to look out for some other European countries giving France the spotlight. However, this seems rather unlikely to be the reason as the UK continues to showcase a very high startup activity with some of the most interesting global tech.

Analysis of Deals Monitor, points out the most active industries for the month. The software industry seems to be the dominating by the number of deals closed, followed by Media & Entertainment and Hardware industries. Seed rounds had the largest share of total deals for September and constituted 34% of all deals. The overall average investment reached $21.5 million.

Gorillas USD 950 million Series C round was the biggest deal for the month. Europe’s “fastest growing unicorn” was founded in 2020 and has already reached a USD 3B valuation and has accumulated more than $1 billion in funding.

Keep up with the most recent deals in Europe with the Deals Monitor

Top European Deals in September 2021

  • Gorillas | $950M | Valued at $3B | Germany

German grocery delivery startup closes Series C round with $950 million. The fastest unicorn in Europe wants to use the funds to further expand in Europe. Currently, the Gorillas App is downloadable in Germany, the UK, and the Netherlands. The company has announced that its next targets are Spain and France.

The German e-commerce company has raised $700 million in a private equity round. The investment will be used for expansion of its tech platform, acquisition of more e-commerce brands and development of an international logistics network. The financing deal put Berlin Brands Group on the unicorn dashboard.

  • Picnic | $696M | Netherlands

The Dutch sustainable grocery delivery receives $696 in Series D round from Bill & Melinda Gates Foundation, with the participation of existing investors. The company wants to reach a higher degree of automation in their fulfillment centers, acquisition of electric vehicles and expansion of the tech team.

The deal is included to our list of the awarded deal announcement Deal of the Week.

  • Sorare | $680M | Valued at $4.3B | France

Paris-based fantasy football platform raises $680 million in Series B funding round. The company is going to expand its football offerings as well as enter new sports sectors. To achieve that, Sorare wants to invest in aggressive marketing campaigns with the participation of famous athletes and media persons.

The deal is included to our list of the awarded deal announcement Deal of the Week.

The British energy technology company closes a $600 million Series A round. Octopus Energy Group’s mission is to promote renewables and technology to end the reliance on fossil fuels. The funds will be used for further global expansion.

  • Mirakl | $555M | Valued at $3.5B | France

Paris-based marketplace platform has raised $555 million in Series E financing round. Mirakl is a SaaS marketplace, that helps online stores to launch their own marketplaces. The money will be put mainly in enlarging the engineering and customer success teams.

The UK-based top online lender receives $318 million in debt and equity funding. During the pandemic, MarketFinance engaged in Coronavirus Business Interruption Loan Scheme that provided support for British SMEs. The newly acquired financing will be spent on the expansion of its product lines and acceleration of the existing business processes.

The leading aerospace service provider announces that it has raised $348 million. The capital will enable the further growth of currently offered services in both passenger and cargo aviation. The company has also voiced intentions to make some strategic acquisitions to gain leadership in the market.

A German-Chinese hardware & software provider receives $220 million in a Series C financing round. The investment round helps Agile Robots to gain its unicorn status. The money raised will be spent on production and sales operations expansions, as well as further development of the company’s five-fingered robot assistant.

The online retailer for used luxury goods secures $206 million of funding. The company aims to prosper the growth of luxury online retail and focuses on sustainability. The acquired investment will allow Vestiaire Collective to pursue its long-term strategic goals and will provide financial flexibility.

The lending e-commerce shipping platform has closed the Series C round with $177 million. Sendcloud operates in a boosting market of delivery, it helps companies optimise shipping processes. The company intends to use the funding to expand its international presence, hire new employees and accelerate growth.

Conclusion

September was an exciting month for the startup and VC scene. It seems like the wave of large funding rounds is not gone. The trend that started in 2020 even accelerates. This month, the Software and Media & Entertainment industries are on the rise. France becomes a more powerful hub while Germany welcomes its two newly emerged unicorns, Berlin Brands Group and Agile Robots.

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