How can startups raise money in Europe? A practical guide

The internet is home to many articles and reports that aim to help entrepreneurs in their quest to raise money. However, with the exception of a few valuable resources (i.e. the British Business Bank’s Finance Hub), very little is actually said about the process behind a funding round, and only a handful of articles provide an overview of all financing options in Europe.

So we decided to create a manual in which entrepreneurs could find key information in one single place, together with various case studies. In doing so, we hope that entrepreneurs find inspiration in the journeys of others, and become better equipped to map out their own paths to success.

The report is based on conversations with various investors’ networks, finance experts, and European entrepreneurs. In total, we interviewed 26 founders from 15 different European countries. Our focus? Their motivations, the fundraising process, how they found investors, the challenges they faced and how it shaped their business.

What to expect?

  • A comprehensive and easy-to-read guide detailing the key steps involved behind bootstrapping, angel investment, venture capital funding, crowdfunding, initial coin offering (ICO), private placement, initial public offering (IPO) and corporate acquisition.
  • The fundraising stories of 26 European founders, including unicorn Blablacar, Eyeo (AdBlock Plus), Facephi, MySugr, Ada Health, Cornerjob and Mynaric.
  • A kickstarter to choosing a funding source and start raising money.

When to expect it?

Next week, on this website and the Startup Europe Partnership website.

What’s next on our agenda?

In an upcoming report, we delve deeper into entrepreneurs’ motivations to (not) seek external finance, and the reasons behind their choice of financing source. We investigate how entrepreneurs plan and execute their financing strategies for growth and highlight key areas for policy intervention to support scaleups in their growth journey. Due in June 2019.

Author

Jessica Febvre

Jessica Febvre

Jessica Febvre

Intern, New Technology and Startups

Jessica was the New Technology and Startups intern in the Policy & Research team

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Christopher Haley

Christopher Haley

Christopher Haley

Head of New Technology & Startup Research

Chris led Nesta's research interests into how startups and new technologies can drive economic growth, and what this means for businesses, intermediaries and for the government.

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Denise Van Blitterswijk

Denise Van Blitterswijk

Denise Van Blitterswijk

Senior Policy Advisor, New Technology & Startup Research

Denise carried out research projects that inform startup and entrepreneurship policy across Europe.

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