European startup funding Q4 2010
Quarterly report · 2010-10-01 – 2010-12-31 · vs Q3 2010
Quarterly
Summary
auto-generatedIn Q4 2010, 160 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.0B, up 82.9% versus Q3 2010. Debt rounds added a further €556M.
Deal count moved -7.0% versus Q3 2010, with 110 named investors participating.
Netherlands led by equity raised with €324M (33.9% of equity).
Telecom was the most-funded sector at €346M in equity (36.1%).
The ten largest rounds accounted for 75.6% of disclosed capital, led by O3b Networks's €556M.
25 exits were recorded this quarter worth a combined €612M.
Equity funding
€1.0B
▲ +82.9%excl. debt & grants · +€556M debt
Funding rounds
160
▼ -7.0%Companies funded
155
▼ -8.3%Named investors
110
▼ -0.9%Exits
25
▼ -30.6%Leading country
€324M
33.9% of equity
Leading sector
€346M
36.1% of equity
Provenance: 73% of 160 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -14.67%
Methodology →Investments
Funding within Q4 2010
by monthFunding within Q4 2010 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Oct | €180M | 46 |
| Nov | €1.0B | 48 |
| Dec | €292M | 66 |
Biggest deals
top 10 by amount- 1O3b NetworksDebt · Netherlands · Nov 2010€556M
- 2O3b NetworksGrowth/Late · Netherlands · Nov 2010€296M
- 3Avast SoftwareGrowth/Late · Czech Republic · Oct 2010€73M
- 4FleetMaticsSeries C · Ireland · Dec 2010€52M
- 5TrivagoGrowth/Late · Germany · Dec 2010€40M
- 6SuperSonic ImagineSeries C · France · Nov 2010€35M
- 7Reward GatewayGrowth/Late · UK · Dec 2010€30M
- 8Anobit TechnologiesGrowth/Late · Israel · Nov 2010€23M
- 9Symbian FoundationOther · UK · Nov 2010€22M
- 10Compact Media GroupGrowth/Late · UK · Oct 2010€20M
Concentration
top 10 deals75.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.1B
Period total
€1.5B
Countries
Top countries
equity raisedQ4 2010 — top countries — interactive chart.
Data table
| Q4 2010 — top countries | |
|---|---|
| Netherlands | €324M |
| UK | €203M |
| Germany | €84M |
| Czech Republic | €73M |
| Ireland | €65M |
| France | €57M |
| Israel | €47M |
| Spain | €22M |
| Switzerland | €19M |
| Belgium | €17M |
Capital by country
share of equityQ4 2010 — capital by country — interactive chart.
Data table
| Q4 2010 — capital by country | |
|---|---|
| Netherlands | €324M |
| UK | €203M |
| Germany | €84M |
| Czech Republic | €73M |
| Ireland | €65M |
| France | €57M |
| Israel | €47M |
| Spain | €22M |
| Switzerland | €19M |
| Belgium | €17M |
| Other | €46M |
Geographic distribution
European countries shown · click a countryQ4 2010 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2010 — top sectors — interactive chart.
Data table
| Q4 2010 — top sectors | |
|---|---|
| Telecom | €346M |
| Software | €138M |
| Cybersecurity | €79M |
| Transportation | €70M |
| E-commerce | €62M |
| Healthtech | €60M |
| Travel | €54M |
| Marketing | €53M |
| Media | €46M |
| Cleantech | €40M |
Capital by sector
share of equityQ4 2010 — capital by sector — interactive chart.
Data table
| Q4 2010 — capital by sector | |
|---|---|
| Telecom | €346M |
| Software | €138M |
| Cybersecurity | €79M |
| Transportation | €70M |
| E-commerce | €62M |
| Healthtech | €60M |
| Travel | €54M |
| Marketing | €53M |
| Other | €232M |
Stages
Funding by stage
total euro raised by round typeQ4 2010 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €27M |
| Series A | €39M |
| Series B | €66M |
| Series C | €98M |
| Series D+ | €45M |
| Early VC | €84M |
| Growth/Late | €557M |
| Debt | €556M |
| Grant | €3.8M |
| Other | €40M |
Exits
Exit activity
25
exits recorded
€612M
combined disclosed value
Exits breakdown
by typeQ4 2010 — exits by type — interactive chart.
Data table
| Q4 2010 — exits by type | |
|---|---|
| Acquisition | 20 |
| Buyout | 5 |