A bevy of deals in France during September helped the country lead Europe in venture capital raised during the month, according to a VCJ analysis of data from Thomson Reuters.
Investors poured €185 million ($207 million) into 39 French startups in September.
Among those to raise capital were Nuxeo SA, a developer of enterprise content management software, which raised €17.8 million ($20 million) from Goldman Sachs.
Germany came in second, as 16 companies pulled in €102.5 million ($115 million) in financing. The United Kingdom saw more companies close rounds in September than Germany, with a total of 21, but they raised only €90 million ($100 million).
In August, the United Kingdom ranked on top with VC money raised, €361 million ($404 million). In the previous month, Germany came in second, followed by the Netherlands.
In September, Germany also boasted the month’s largest deal: iOmx Therapeutics raised €40 million ($44.8 million). The oversubscribed Series A round was co-led by MPM Capital and Sofinnova Partners and also included Wellington Partners and Merck Ventures. The startup develops cancer therapeutics.
Downloadable Data: European-VC-backed-deals-September-2016
Euro banknotes are seen in a picture illustration, in Bordeaux, France. Photo courtesy of Reuters/Regis Duvignau