dealroom：2023年欧洲A轮投资报告（英文版）（17页）.pdf

1、May 2023The Journey to Series A in Europe Part 3Conversion of 20162018 seed rounds to datein partnership withThe Journey to Series A in Europe Part 3June 2023Page/2 EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GR

2、APH 2Startups&venture capitalThis report focuses on companies in the internet age,i.e.after 1990.Most(but not all)unicorns are VC backed.The majority of the companies included in the analysis are techdriven.Companies included in the analysis are techdriven.Industries include software,ecommerce,onlin

3、e marketplaces,hardware,ICT infrastructure.The full industry&business model taxonomy can be found online.Investment numbers refer to venture capital investment rounds such as seed,series A,B,C,late stage,and growth equity rounds.It excludes debt or other nonequity funding,lending capital,grants and

4、ICOs.Buyouts,M&A,secondary rounds,and IPOs are treated as exits:excluded from funding data,but included in exit data.Valuations,unicorns&future unicornsA unicorn is defined as a rapidly scaling company(and tech enabled)that has reached a$1 billion valuation,on the basis of a funding round(unrealised

5、),acquisition or IPO(realised).There are some notable edgecase.A future unicorn is defined as a tech driven company valued at over$250 million but less than$1 billion,excluding acquired and/or public companies.For the analysis of Unicorns and Future Unicorns this reports uses the currency USD instea

6、d of EUR.More about the unicorn methodology can be found here.The combined valuation of startups is based on their market cap or latest transaction value in Euro.Transaction value is realised from exit or implied unrealised valuation from the latest VC round,which is either announced or estimated by