European startup funding Q1 2010
Quarterly report · 2010-01-01 – 2010-03-31 · vs Q4 2009
Quarterly
Summary
auto-generatedIn Q1 2010, 193 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €436M, down 23.9% versus Q4 2009.
Deal count moved +58.2% versus Q4 2009, with 118 named investors participating.
UK led by equity raised with €89M (20.3% of equity).
Software was the most-funded sector at €75M in equity (17.2%).
The ten largest rounds accounted for 38.6% of disclosed capital, led by Lemnis Lighting's €28M.
12 exits were recorded this quarter worth a combined €397M.
Equity funding
€436M
▼ -23.9%excl. debt & grants
Funding rounds
193
▲ +58.2%Companies funded
190
▲ +59.7%Named investors
118
▲ +34.1%Exits
12
▼ -14.3%Provenance: 76% of 193 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -20.57%
Methodology →Investments
Funding within Q1 2010
by monthFunding within Q1 2010 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €189M | 93 |
| Feb | €72M | 39 |
| Mar | €177M | 61 |
Biggest deals
top 10 by amount- 1Lemnis LightingSeries D+ · Netherlands · Mar 2010€28M
- 2WILEXOther · Germany · Mar 2010€24M
- 3CeQurSeries A · Switzerland · Jan 2010€21M
- 4BokuSeries C · Germany · Jan 2010€17M
- 5XDCGrowth/Late · Belgium · Jan 2010€15M
- 6MimecastSeries B · UK · Jan 2010€15M
- 7Valtech CardioSeries B · Israel · Mar 2010€13M
- 8FlatFrog LaboratoriesGrowth/Late · Sweden · Jan 2010€12M
- 9SpartooSeries B · France · Jan 2010€12M
- 10SpotifySeries C · Sweden · Feb 2010€12M
Concentration
top 10 deals38.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€169M
Period total
€438M
Countries
Top countries
equity raisedQ1 2010 — top countries — interactive chart.
Data table
| Q1 2010 — top countries | |
|---|---|
| UK | €89M |
| Germany | €58M |
| Israel | €55M |
| France | €39M |
| Netherlands | €39M |
| Sweden | €30M |
| Switzerland | €24M |
| Spain | €22M |
| Belgium | €15M |
| Ireland | €14M |
Capital by country
share of equityQ1 2010 — capital by country — interactive chart.
Data table
| Q1 2010 — capital by country | |
|---|---|
| UK | €89M |
| Germany | €58M |
| Israel | €55M |
| France | €39M |
| Netherlands | €39M |
| Sweden | €30M |
| Switzerland | €24M |
| Spain | €22M |
| Belgium | €15M |
| Ireland | €14M |
| Other | €50M |
Geographic distribution
European countries shown · click a countryQ1 2010 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2010 — top sectors — interactive chart.
Data table
| Q1 2010 — top sectors | |
|---|---|
| Software | €75M |
| Healthtech | €73M |
| Media | €54M |
| Cleantech | €49M |
| Cybersecurity | €40M |
| Fintech | €34M |
| Marketing | €27M |
| Gaming | €20M |
| Fashion | €19M |
| E-commerce | €18M |
Capital by sector
share of equityQ1 2010 — capital by sector — interactive chart.
Data table
| Q1 2010 — capital by sector | |
|---|---|
| Software | €75M |
| Healthtech | €73M |
| Media | €54M |
| Cleantech | €49M |
| Cybersecurity | €40M |
| Fintech | €34M |
| Marketing | €27M |
| Gaming | €20M |
| Other | €94M |
Stages
Funding by stage
total euro raised by round typeQ1 2010 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €22M |
| Series A | €60M |
| Series B | €71M |
| Series C | €36M |
| Series D+ | €35M |
| Early VC | €77M |
| Growth/Late | €74M |
| Grant | €1.6M |
| Other | €61M |
Exits
Exit activity
12
exits recorded
€397M
combined disclosed value
Exits breakdown
by typeQ1 2010 — exits by type — interactive chart.
Data table
| Q1 2010 — exits by type | |
|---|---|
| Buyout | 10 |
| Acquisition | 1 |
| IPO | 1 |