In 2020, business angel represented the largest share of the European investment market, followed by early-stage venture capital (VC) investors, and then equity crowdfunding. These three main areas of early-stage investment have experienced a steady growth between 2015 and 2019, but saw a decline in 2020 due to the Covid-19 pandemic. In 2013, business angels invested an estimated 5.5 billion euros. This value grew to 6.1 billion euros in 2015 and to a further 8.04 billion euros in 2019. In 2020, however, business angels invested 7.67 billion euros, which was equal to almost 58 percent of the total market.
Early-stage venture capital investors accounted for approximately 35 percent of the total investment market in 2020, with 4.6 billion euros worth of investments made. This was an increase in 2019, when 4.4 billion euros were invested by early-stage VC investors. An aggregate amount of 0.94 billion euros was invested in 2020 through equity funding, accounting for around seven percent of the total market, an increase from the six percent share in 2019.
Value of early-stage investments in Europe in 2013, and from 2015 to 2020, by investment type
(in billion euros)
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EBAN. (December 3, 2021). Value of early-stage investments in Europe in 2013, and from 2015 to 2020, by investment type (in billion euros) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN. "Value of early-stage investments in Europe in 2013, and from 2015 to 2020, by investment type (in billion euros)." Chart. December 3, 2021. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN. (2021). Value of early-stage investments in Europe in 2013, and from 2015 to 2020, by investment type (in billion euros). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN. "Value of Early-stage Investments in Europe in 2013, and from 2015 to 2020, by Investment Type (in Billion Euros)." Statista, Statista Inc., 3 Dec 2021, https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN, Value of early-stage investments in Europe in 2013, and from 2015 to 2020, by investment type (in billion euros) Statista, https://www.statista.com/statistics/439277/business-angels-numbers-europe/ (last visited June 29, 2022)