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+€100 billion has been invested in European tech startups in 2022, despite macroeconomic challenges
SeedBlink and Horvath Consulting have released an analysis of market trends, significant players, and the platform's influence in CEE and Europe.
- 31 new European unicorns in 2022, with the UK, France, Sweden, and Germany being home to 60% of all.
- Sustainable startups are having momentum in Europe. 35% of European VCs shifted towards social and environmental impact starting 2022.
- CEE is one of the fastest-growing regions for VC funding in Europe, with Fintech and Mobility raising the most funds.
- SeedBlink has mobilized €150 million for European tech start-ups in the past three years.
Bucharest, December 21st, 2022: More than €100 billion have been invested in European tech startups so far in 2022, for the second year in a row, despite the recession, high inflation, and decline of fundraising rounds. The post-pandemic values are much higher than those of 2019 & 2020, showing an appetite for investing even in uncertain times.
Starting this year, 35% of European VCs focus more on social and environmental impact. 11 impact startups have become unicorns in 2022 out of a total of 31 up to now with the UK, France, Sweden, and Germany being home to 60% of all.
Currently, first-time unicorns are driving the success of the CEE ecosystems as they emerge in local startup communities and contribute to the public validation of the regional potential and founders willing to build something that matters. CEE is one of the fastest-growing regions for venture capital funding in Europe, regardless of all the challenges the region has recently faced.
"Europe is undergoing an accelerating digital transformation across all industries in all European countries. We see a growing interest in cross-border investment. European investors want geographic diversification, and we want to create a platform to help them do that," says Carmen Sebe, CEO of SeedBlink.
The most important investment trends in CEE:
- Despite the lower number of financing rounds raised at the regional level (606 rounds at the end of October 2022 compared to 816 in 2021), the volume of financing remains at the same level: €6.9bn forecast for 2022;
- The level of funding for Pre-Seed rounds has decreased over the years, but there is a steady increase in Seed and Series A rounds.
- A four-fold increase in funding volume between 2021 and 2022 in the security industry, despite a decrease in the number of rounds;
- More than €1.3 billion in funding expected to be raised by FinTech startups by the end of this year;
- Investments of around €443 million are expected this year for the Food Tech industry. Food Tech is one of the few industries to see a steady increase in funding volume and rounds every year;
- 59% less funding is expected for the Enterprise Software industry, ending the year with significantly less funding than in 2021.
Read the full report here for more information on the European tech startup ecosystem.
SeedBlink’s impact on the ecosystem
SeedBlink, the co-investing platform for European tech startups, has mobilized €150 million in ambitious companies. For their 3 years anniversary, the pan-European investment alternative has released an Annual Report in collaboration with Horvath consulting, an analysis of market trends, key players, and the platform impact in CEE and Europe.
"We believe SeedBlink offers a great product that allows individual investors to benefit from the value created by tech startups. These startups are at the forefront of innovation and can bring new technologies, business models, and approaches to the market. Given our competencies, we are in a strong position to help SeedBlink and its community of investors and we are looking forward to 2023."
Constantin Pelehra, Senior Project Manager at Horváth & Partners Management Consultants
The biggest rounds raised this year on SeedBlink included Druid, Brio, Finqware from Romania, and CEE startups such as Alcatraz AI (Bulgaria), Brainhero (Austria), Hunch (Serbia), PD Neurotechnologies (Greece). In 2022, SeedBlink consolidated its infrastructure and expanded its presence in Central and Eastern Europe (opened offices in Bulgaria, and Greece) and Benelux (through the acquisition of Symbid). In Greece, SeedBlink mobilized €16.8 million while in Bulgaria the amount is €2.69 million.
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About SeedBlink
SeedBlink is a tech-specialized venture investment platform that enables business leaders to fund top-tier European tech startups and scale-ups alongside established institutional investors. SeedBlink’s mission is to build an efficient investment infrastructure for individual and institutional investors to work together to fund innovative European technology companies.
SeedBlink Crowd SA is registered in the Register of the Romanian Financial Supervisory Authority (ASF), under number PJR28FSFPR/400001 as of 03.11.2022 and after, authorization passported in the EU.
About Horvath
Horváth, an independent German consultancy firm, with the aim of supporting investors with special reports, detailed analysis of the European tech investment ecosystem, and specific projects, providing better knowledge for decision-making. Horváth has offices in 8 countries and over 1,100 consultants with in-depth knowledge across different industries and top-level subject matter expertise in all company functions – with a focus on performance management and transformation. More info at https://www.horvath-partners.com/
PublishedDecember 21, 2022
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Svilen Rangelov
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We immediately clicked with the SeedBlink team as their fundraising expertise was immediately obvious and their no-nonsense approach really appealed to us. After all, fundraising is only a means to an end, and we liked how the SeedBlink team was really focusing on supporting us and on getting things done.
Mihai Darzan
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Our main expectation has been to raise the amount we were aiming for, and both rounds launched on Seedblink exceeded our targets, so we’re very happy with that! Even though the launched funding campaigns have been purely crowdfunding rounds, we are thrilled to actually receive extra support from some of the investors, who have chosen to get involved and help us generate product awareness, whenever they can.
Catalin Mester
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I am recommending SeedBlink without hesitation, to every founder that raises capital, especially early-stage tech startups. SeedBlink is a crowd investment platform that will also provide their startup with visibility, for Angels and VCs.
Dragoș Iliescu
Founder and CEO
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In the early stages, we have been funded by several early (angel) investors, and one and a half year ago through an equity crowdfunding campaign on SeedBlink. Of course, this impacted our growth in many positive ways, partly due to the cash influx that, evidently, was sorely needed, but in a larger part due to the fact that our responsibility towards our shareholders has become more stringent and explicit, becoming embodied in our market approach.
Costin Tudor
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Diwaker Singh
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As a platform that only serves technology ventures, SeedBlink can connect the start-up with more than just money. SeedBlink investors are primarily technocrats who understand the objectives of the fundraising company and are also able to post-funding contribute with business opportunities. The minimum investment threshold, and technology focus, differentiates SeedBlink from other fundraising platforms. A perfect fit for a technology start-up seeking intelligent funding.
Florin Stoian
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Raluca Jianu
CEO & Co-founder
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SeedBlink has created a vital ecosystem for startups at the beginning of their journey by equipping entrepreneurs with expertise, encouraging honest and sometimes uncomfortable but necessary discussions about risks and vulnerabilities through a suite of tools, and facilitating connections with investors who share the founders' vision and can contribute to their success. I have greatly appreciated the constant support of Eric and the entire team at all stages of the campaign. Thank you so much!
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