Amsterdam-based Dealroom has found that VC investment in Europe surpassed €38m last year.
In its latest annual rankings, the company found that Accel, Sequoia, LocalGlobe and SV Angel came out on top across the various rankings as leading investors.
Its report also showed that the leading 10 investors made 254 EMEA deals in the region during 2020.
Dealroom’s rankings are based on data captured by its own database as well as direct feedback from VCs themselves.
While previous rankings have focused on the most prominent Seed and Series A round investors in Europe, the 2021 report expands this region to cover the whole of EMEA.
Accel tops the list of the most prominent investors of the last year in the EMEA region, ahead of Index Ventures and LocalGlobe, in a top 10 dominated by Seed and Series A investors.
Top 10 EMEA VCs
2. Index Ventures
4. Entrée Capital
5. Point Nine Capital
6. Bessemer Venture Partners
7. Idinvest Partners
9. Mangrove Capital Partners
10. Balderton Capital
Sonali De Rycker, partner at Accel, which had 34 future unicorns and 32 EME deals, said it feels like the European ecosystem has really come of age.
“It’s 21 years this year since we opened our London office and we’ve seen first-hand how pockets of incredible talent, innovation and ambition across Europe have evolved into 20 or so interconnecting hubs that have all reached a tipping point,” she said.
“The quality of entrepreneurs, the strength of the ecosystem and companies being built by first and second-generation teams, as well as the availability of capital, have all come together to produce a stream of global success stories.”
This year’s list also includes global rankings for the first time, due to the increased interest from US investors in European tech start-ups.
The only entries from the EMEA top 10 to make the global ranking equivalent were Accel and Index Ventures were the only EMEA entries that also made the top 10 in the global ranking, with Accel coming in third behind SV Angel and Sequoia Captial.
Dealroom’s founder and CEO, Yoram Wijngaarde, said the latest findings show that Europe is “firmly on the global investor map” with some of the biggest US firms such as Sequoia setting up European offices in 2020.
“Global VCs want to ensure they don’t miss the next UIPath – a company founded in Romania that reached a $35bn valuation earlier this year.”
Additionally, he said European VCs are raising bigger funds and signing bigger cheques.
“Venture Capital and innovation is increasingly borderless. US investors have broadened their horizons, and European VCs are also investing all over the world, driven by global opportunities and enabled by distributed working in the last 12 months,” he said.
Top 10 global VCs
1. SV Angel
2. Sequoia Capital
4. Kleiner Perkins
5. Andreessen Horowitz
6. Index Ventures
8. 500 Startups
10. First Round Capital
Dealroom’s rankings show the growing strength of investments in Europe and echo other similar reports.
Earlier this year, Pitchbook’s European Venture Report for 2020 showed that several start-ups raised more than €500m in funding, making 2020 a record-breaking year for investment value in Europe.