European startup funding H1 2011
Half-year report · 2011-01-01 – 2011-06-30 · vs H2 2010
Half-year
Summary
auto-generatedIn H1 2011, 471 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.6B, up 5.3% versus H2 2010. Debt rounds added a further €14M.
Deal count moved +41.9% versus H2 2010, with 284 named investors participating.
UK led by equity raised with €463M (29.7% of equity).
Healthtech was the most-funded sector at €305M in equity (19.6%).
The ten largest rounds accounted for 32.0% of disclosed capital, led by Symphogen's €100M.
37 exits were recorded this half-year worth a combined €21B.
Equity funding
€1.6B
▲ +5.3%excl. debt & grants · +€14M debt
Funding rounds
471
▲ +41.9%Companies funded
466
▲ +47.5%Named investors
284
▲ +45.6%Exits
37
▼ -39.3%Leading country
€463M
29.7% of equity
Leading sector
€305M
19.6% of equity
Provenance: 82% of 471 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -18.44%
Methodology →Investments
Funding within H1 2011
by monthFunding within H1 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 |
Biggest deals
top 10 by amount- 1SymphogenSeries D+ · Denmark · Feb 2011€100M
- 2WongaSeries C · UK · Feb 2011€85M
- 3SpotifySeries D+ · Sweden · Jun 2011€70M
- 4WimduSeries A · Germany · Jun 2011€63M
- 5CellNovoSeries B · UK · Feb 2011€35M
- 6EVIIVOGrowth/Late · UK · Apr 2011€34M
- 7Avantium TechnologiesGrowth/Late · Netherlands · Jun 2011€31M
- 8RovioSeries A · Finland · Mar 2011€30M
- 9WixSeries D+ · Israel · Mar 2011€29M
- 10Oxford Nanopore TechnologiesSeries D+ · UK · Apr 2011€28M
Concentration
top 10 deals32.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€504M
Period total
€1.6B
Countries
Top countries
equity raisedH1 2011 — top countries — interactive chart.
Data table
| H1 2011 — top countries | |
|---|---|
| UK | €463M |
| Germany | €186M |
| Israel | €157M |
| France | €157M |
| Sweden | €140M |
| Denmark | €107M |
| Finland | €91M |
| Netherlands | €64M |
| Switzerland | €49M |
| Spain | €40M |
Capital by country
share of equityH1 2011 — capital by country — interactive chart.
Data table
| H1 2011 — capital by country | |
|---|---|
| UK | €463M |
| Germany | €186M |
| Israel | €157M |
| France | €157M |
| Sweden | €140M |
| Denmark | €107M |
| Finland | €91M |
| Netherlands | €64M |
| Switzerland | €49M |
| Spain | €40M |
| Other | €104M |
Geographic distribution
European countries shown · click a countryH1 2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2011 — top sectors — interactive chart.
Data table
| H1 2011 — top sectors | |
|---|---|
| Healthtech | €305M |
| Media | €244M |
| Marketing | €182M |
| Software | €176M |
| Fintech | €150M |
| Travel | €133M |
| E-commerce | €114M |
| Gaming | €113M |
| Cleantech | €76M |
| Telecom | €58M |
Capital by sector
share of equityH1 2011 — capital by sector — interactive chart.
Data table
| H1 2011 — capital by sector | |
|---|---|
| Healthtech | €305M |
| Media | €244M |
| Marketing | €182M |
| Software | €176M |
| Fintech | €150M |
| Travel | €133M |
| E-commerce | €114M |
| Gaming | €113M |
| Other | €373M |
Stages
Funding by stage
total euro raised by round typeH1 2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €67M |
| Series A | €289M |
| Series B | €202M |
| Series C | €191M |
| Series D+ | €270M |
| Early VC | €124M |
| Growth/Late | €253M |
| Debt | €14M |
| Grant | €1.9M |
| Other | €163M |
Exits
Exit activity
37
exits recorded
€21B
combined disclosed value
Exits breakdown
by typeH1 2011 — exits by type — interactive chart.
Data table
| H1 2011 — exits by type | |
|---|---|
| Acquisition | 22 |
| Buyout | 11 |
| IPO | 4 |