One of last week's main M&A headlines was the acquisition of luxury retailer Jimmy Choo by Michael Kors for nearly £900 million, the latest in a string of deals for struggling traditional retailers. One reason for the industry's issues is the continued growth of ecommerce, as consumers shy away from brick-and-mortar stores and do more of their shopping online.
And while the VC community has been quick to back these up-and-coming rivals, the number of European ecommerce startups getting funding each year is tracking downward.
Since the beginning of 2015, 531 venture investors have participated in at least one of the 559 fundings completed for European ecommerce companies, per the PitchBook Platform. Deal numbers fell 30% from 2015 to 2016, however, and are on pace for another similar decline this year. Capital invested in the space, meanwhile, is on pace to bounce back after a 44% drop in 2016.
Here are the top 6 investors in European ecommerce companies, along with their deal counts (excluding pre-accelerator rounds):