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Data spotlight: U.K. startups lead Europe in March with money raised

The United Kingdom led European nations in venture activity in March, as 30 U.K.-based companies raised nearly €264 million ($282 million), according to a VCJ analysis of data from Thomson Reuters. (See table below.)

Germany ranked second in the month, with 21 deals that collectively raised more than €186 million ($199 million).

France saw 14 startups combine to raise €59 million ($63 million).

The largest deal of the month was also from the United Kingdom, with Cell Medica, a cellular immunotherapy company, raising about €69 million ($74 million) from London-based financier Touchstone Innovations.

The second largest deal was from Soundcloud in Germany. The company, which provides a music platform for uploading, recording and sharing music, raised €65 million ($70 million) from Kreos Capital Managers Ltd and Ares Capital Corp. It was reportedly a debt funding round.

The Berlin company, which has U.S. backers IVP and Kleiner Perkins Caufield & Byers, among others, has now raised more than $140 million in total funding.

Download Data in Excel: European VC-backed deals, March 2017

Photo of euro bills courtesy of Wibofoto/iStock/Getty Images