European startup funding 2011
Annual report · 2011-01-01 – 2011-12-31 · vs 2010
Annual
Summary
auto-generatedIn 2011, 960 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.0B, up 18.2% versus 2010. Debt rounds added a further €15M.
Deal count moved +36.6% versus 2010, with 473 named investors participating.
UK led by equity raised with €901M (29.8% of equity).
Healthtech was the most-funded sector at €528M in equity (17.4%).
The ten largest rounds accounted for 24.4% of disclosed capital, led by Klarna's €116M.
62 exits were recorded this year worth a combined €24B.
Equity funding
€3.0B
▲ +18.2%excl. debt & grants · +€15M debt
Funding rounds
960
▲ +36.6%Companies funded
904
▲ +38.2%Named investors
473
▲ +34.0%Exits
62
▼ -31.9%Leading country
€901M
29.8% of equity
Leading sector
€528M
17.4% of equity
Provenance: 81% of 960 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -18.57%
Methodology →Investments
Funding within 2011
by monthFunding within 2011 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €211M | 106 |
| Feb | €379M | 73 |
| Mar | €155M | 63 |
| Apr | €199M | 74 |
| May | €232M | 69 |
| Jun | €397M | 86 |
| Jul | €95M | 68 |
| Aug | €222M | 77 |
| Sep | €276M | 92 |
| Oct | €329M | 85 |
| Nov | €285M | 93 |
| Dec | €264M | 74 |
Biggest deals
top 10 by amount- 1KlarnaSeries C · Sweden · Dec 2011€116M
- 2SymphogenSeries D+ · Denmark · Feb 2011€100M
- 3WongaSeries C · UK · Feb 2011€85M
- 4Six Degrees GroupOther · UK · Oct 2011€83M
- 5BiocartisSeries C · Switzerland · Nov 2011€71M
- 6SpotifySeries D+ · Sweden · Jun 2011€70M
- 7OzonGrowth/Late · Russia · Sep 2011€69M
- 8WimduSeries A · Germany · Jun 2011€63M
- 9NexeonGrowth/Late · UK · Aug 2011€46M
- 10Visual MetaOther · Germany · Dec 2011€40M
Concentration
top 10 deals24.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€742M
Period total
€3.0B
Countries
Top countries
equity raised2011 — top countries — interactive chart.
Data table
| 2011 — top countries | |
|---|---|
| UK | €901M |
| Germany | €326M |
| Israel | €312M |
| France | €293M |
| Sweden | €281M |
| Switzerland | €177M |
| Denmark | €126M |
| Russia | €108M |
| Spain | €96M |
| Finland | €94M |
Capital by country
share of equity2011 — capital by country — interactive chart.
Data table
| 2011 — capital by country | |
|---|---|
| UK | €901M |
| Germany | €326M |
| Israel | €312M |
| France | €293M |
| Sweden | €281M |
| Switzerland | €177M |
| Denmark | €126M |
| Russia | €108M |
| Spain | €96M |
| Finland | €94M |
| Other | €314M |
Geographic distribution
European countries shown · click a country2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2011 — top sectors — interactive chart.
Data table
| 2011 — top sectors | |
|---|---|
| Healthtech | €528M |
| Software | €435M |
| Media | €413M |
| Marketing | €356M |
| Fintech | €334M |
| E-commerce | €296M |
| Cybersecurity | €167M |
| Travel | €163M |
| Gaming | €139M |
| Consumer | €122M |
Capital by sector
share of equity2011 — capital by sector — interactive chart.
Data table
| 2011 — capital by sector | |
|---|---|
| Healthtech | €528M |
| Software | €435M |
| Media | €413M |
| Marketing | €356M |
| Fintech | €334M |
| E-commerce | €296M |
| Cybersecurity | €167M |
| Travel | €163M |
| Other | €1.0B |
Stages
Funding by stage
total euro raised by round type2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €131M |
| Series A | €449M |
| Series B | €428M |
| Series C | €410M |
| Series D+ | €364M |
| Early VC | €259M |
| Growth/Late | €543M |
| Debt | €15M |
| Grant | €2.5M |
| Other | €443M |
Exits
Exit activity
62
exits recorded
€24B
combined disclosed value
Exits breakdown
by type2011 — exits by type — interactive chart.
Data table
| 2011 — exits by type | |
|---|---|
| Acquisition | 43 |
| Buyout | 15 |
| IPO | 4 |