European early-stage investment market 2013, 2015-2020, by investment type
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.
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.
