European startup funding H2 2011
Half-year report · 2011-07-01 – 2011-12-31 · vs H1 2011
Half-year
Summary
auto-generatedIn H2 2011, 489 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.5B, down 5.7% versus H1 2011. Debt rounds added a further €1.1M.
Deal count moved +3.8% versus H1 2011, with 286 named investors participating.
UK led by equity raised with €438M (29.8% of equity).
Software was the most-funded sector at €259M in equity (17.6%).
The ten largest rounds accounted for 36.5% of disclosed capital, led by Klarna's €116M.
25 exits were recorded this half-year worth a combined €2.6B.
Equity funding
€1.5B
▼ -5.7%excl. debt & grants · +€1.1M debt
Funding rounds
489
▲ +3.8%Companies funded
477
▲ +2.4%Named investors
286
▲ +0.7%Exits
25
▼ -32.4%Provenance: 79% of 489 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -18.73%
Methodology →Investments
Funding within H2 2011
by monthFunding within H2 2011 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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
- 2Six Degrees GroupOther · UK · Oct 2011€83M
- 3BiocartisSeries C · Switzerland · Nov 2011€71M
- 4OzonGrowth/Late · Russia · Sep 2011€69M
- 5NexeonGrowth/Late · UK · Aug 2011€46M
- 6Visual MetaOther · Germany · Dec 2011€40M
- 7AdaptGrowth/Late · UK · Oct 2011€35M
- 8ZenpriseSeries D+ · France · Oct 2011€27M
- 9QosmosOther · France · Sep 2011€26M
- 10AFFiRiSGrowth/Late · Austria · Nov 2011€25M
Concentration
top 10 deals36.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€537M
Period total
€1.5B
Countries
Top countries
equity raisedH2 2011 — top countries — interactive chart.
Data table
| H2 2011 — top countries | |
|---|---|
| UK | €438M |
| Israel | €155M |
| Sweden | €141M |
| Germany | €139M |
| France | €136M |
| Switzerland | €128M |
| Russia | €81M |
| Spain | €56M |
| Ireland | €38M |
| Austria | €37M |
Capital by country
share of equityH2 2011 — capital by country — interactive chart.
Data table
| H2 2011 — capital by country | |
|---|---|
| UK | €438M |
| Israel | €155M |
| Sweden | €141M |
| Germany | €139M |
| France | €136M |
| Switzerland | €128M |
| Russia | €81M |
| Spain | €56M |
| Ireland | €38M |
| Austria | €37M |
| Other | €121M |
Geographic distribution
European countries shown · click a countryH2 2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH2 2011 — top sectors — interactive chart.
Data table
| H2 2011 — top sectors | |
|---|---|
| Software | €259M |
| Healthtech | €223M |
| Fintech | €184M |
| E-commerce | €182M |
| Marketing | €174M |
| Media | €168M |
| Cybersecurity | €151M |
| Cloud | €93M |
| Consumer | €90M |
| Fashion | €74M |
Capital by sector
share of equityH2 2011 — capital by sector — interactive chart.
Data table
| H2 2011 — capital by sector | |
|---|---|
| Software | €259M |
| Healthtech | €223M |
| Fintech | €184M |
| E-commerce | €182M |
| Marketing | €174M |
| Media | €168M |
| Cybersecurity | €151M |
| Cloud | €93M |
| Other | €510M |
Stages
Funding by stage
total euro raised by round typeH2 2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €65M |
| Series A | €160M |
| Series B | €226M |
| Series C | €219M |
| Series D+ | €95M |
| Early VC | €135M |
| Growth/Late | €290M |
| Debt | €1.1M |
| Grant | €619k |
| Other | €280M |
Exits
Exit activity
25
exits recorded
€2.6B
combined disclosed value
Exits breakdown
by typeH2 2011 — exits by type — interactive chart.
Data table
| H2 2011 — exits by type | |
|---|---|
| Acquisition | 21 |
| Buyout | 4 |