The United Kingdom saw 33 startups that raised capital in October.
However, it was Germany that stood apart, as 27 German companies collectively raised $250 million during the month, according to a VCJ analysis of data from Thomson Reuters. (See table below.)
German battery maker Sonnen GmbH helped lift the country with an $83 million round that included Chrysalix SET BV, Ecapital Entrepreneurial Partners AG, MVP Management GmbH, GE Ventures and CEZ Nova Energetika.
In the United Kingdom, the 33 companies together raised about $205 million.
France was the third most active country, as 28 startups raised $152 million.
Irish oncology company Carrick Therapeutics Ltd raised the largest financing round of any European company in October. Carrick raised $95 million in a funding led by ARCH Venture Partners and Woodford Investment Management and which included Cambridge Enterprise, Evotec AG, GV, Lightstone Ventures and Cambridge Innovation Capital.
Downloadable Data in Excel: european-vc-backed-deals-october-2016
Photo of euro banknotes courtesy of Reuters/Danilo Krstanovic