In 2023, business angels represented the largest share of the European VC investment market, followed by seed-stage venture capital (VC) and equity crowdfunding. Business angels invested an estimated 1.25 billion euros, while one billion was raised through equity crowdfunding, and 240 million euros came from seed stage VC investments.
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Value of early-stage investments in Europe from 2021 to 2023, by investment type
(in billion euros)
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EBAN. (October 10, 2024). Value of early-stage investments in Europe from 2021 to 2023, by investment type (in billion euros) [Graph]. In Statista. Retrieved July 06, 2025, from https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN. "Value of early-stage investments in Europe from 2021 to 2023, by investment type (in billion euros)." Chart. October 10, 2024. Statista. Accessed July 06, 2025. https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN. (2024). Value of early-stage investments in Europe from 2021 to 2023, by investment type (in billion euros). Statista. Statista Inc.. Accessed: July 06, 2025. https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN. "Value of Early-stage Investments in Europe from 2021 to 2023, by Investment Type (in Billion Euros)." Statista, Statista Inc., 10 Oct 2024, https://www.statista.com/statistics/439277/business-angels-numbers-europe/
EBAN, Value of early-stage investments in Europe from 2021 to 2023, by investment type (in billion euros) Statista, https://www.statista.com/statistics/439277/business-angels-numbers-europe/ (last visited July 06, 2025)
Value of early-stage investments in Europe from 2021 to 2023, by investment type (in billion euros) [Graph], EBAN, October 10, 2024. [Online]. Available: https://www.statista.com/statistics/439277/business-angels-numbers-europe/