European startup funding Q1 2011
Quarterly report · 2011-01-01 – 2011-03-31 · vs Q4 2010
Quarterly
Summary
auto-generatedIn Q1 2011, 242 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €742M, down 22.5% versus Q4 2010. Debt rounds added a further €2.2M.
Deal count moved +51.2% versus Q4 2010, with 153 named investors participating.
UK led by equity raised with €219M (29.6% of equity).
Healthtech was the most-funded sector at €186M in equity (25.0%).
The ten largest rounds accounted for 48.9% of disclosed capital, led by Symphogen's €100M.
16 exits were recorded this quarter worth a combined €4.2B.
Equity funding
€742M
▼ -22.5%excl. debt & grants · +€2.2M debt
Funding rounds
242
▲ +51.2%Companies funded
241
▲ +55.5%Named investors
153
▲ +39.1%Exits
16
▼ -36.0%Leading country
€219M
29.6% of equity
Leading sector
€186M
25.0% of equity
Provenance: 82% of 242 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -14.06%
Methodology →Investments
Funding within Q1 2011
by monthFunding within Q1 2011 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €211M | 106 |
| Feb | €379M | 73 |
| Mar | €155M | 63 |
Biggest deals
top 10 by amount- 1SymphogenSeries D+ · Denmark · Feb 2011€100M
- 2WongaSeries C · UK · Feb 2011€85M
- 3CellNovoSeries B · UK · Feb 2011€35M
- 4RovioSeries A · Finland · Mar 2011€30M
- 5WixSeries D+ · Israel · Mar 2011€29M
- 6SulfurCellOther · Germany · Jan 2011€23M
- 7Just EatSeries B · UK · Feb 2011€17M
- 8ElephantTalk CommunicationsGrowth/Late · Netherlands · Feb 2011€17M
- 9KalturaSeries C · Israel · Feb 2011€15M
- 10AnergisSeries A · Switzerland · Mar 2011€14M
Concentration
top 10 deals48.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€365M
Period total
€746M
Countries
Top countries
equity raisedQ1 2011 — top countries — interactive chart.
Data table
| Q1 2011 — top countries | |
|---|---|
| UK | €219M |
| Denmark | €104M |
| Israel | €76M |
| Finland | €71M |
| Germany | €67M |
| France | €64M |
| Sweden | €39M |
| Netherlands | €25M |
| Switzerland | €18M |
| Ireland | €17M |
Capital by country
share of equityQ1 2011 — capital by country — interactive chart.
Data table
| Q1 2011 — capital by country | |
|---|---|
| UK | €219M |
| Denmark | €104M |
| Israel | €76M |
| Finland | €71M |
| Germany | €67M |
| France | €64M |
| Sweden | €39M |
| Netherlands | €25M |
| Switzerland | €18M |
| Ireland | €17M |
| Other | €40M |
Geographic distribution
European countries shown · click a countryQ1 2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2011 — top sectors — interactive chart.
Data table
| Q1 2011 — top sectors | |
|---|---|
| Healthtech | €186M |
| Fintech | €111M |
| Software | €104M |
| Media | €85M |
| Marketing | €48M |
| Gaming | €43M |
| Telecom | €40M |
| Cleantech | €40M |
| E-commerce | €35M |
| Foodtech | €25M |
Capital by sector
share of equityQ1 2011 — capital by sector — interactive chart.
Data table
| Q1 2011 — capital by sector | |
|---|---|
| Healthtech | €186M |
| Fintech | €111M |
| Software | €104M |
| Media | €85M |
| Marketing | €48M |
| Gaming | €43M |
| Telecom | €40M |
| Cleantech | €40M |
| Other | €136M |
Stages
Funding by stage
total euro raised by round typeQ1 2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €36M |
| Series A | €124M |
| Series B | €107M |
| Series C | €110M |
| Series D+ | €140M |
| Early VC | €51M |
| Growth/Late | €78M |
| Debt | €2.2M |
| Grant | €1.9M |
| Other | €97M |
Exits
Exit activity
16
exits recorded
€4.2B
combined disclosed value
Exits breakdown
by typeQ1 2011 — exits by type — interactive chart.
Data table
| Q1 2011 — exits by type | |
|---|---|
| Acquisition | 13 |
| Buyout | 3 |