European startup funding Q2 2011
Quarterly report · 2011-04-01 – 2011-06-30 · vs Q1 2011
Quarterly
Summary
auto-generatedIn Q2 2011, 229 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €816M, up 10.1% versus Q1 2011. Debt rounds added a further €11M.
Deal count moved -5.4% versus Q1 2011, with 161 named investors participating.
UK led by equity raised with €244M (29.9% of equity).
Media was the most-funded sector at €159M in equity (19.5%).
The ten largest rounds accounted for 39.9% of disclosed capital, led by Spotify's €70M.
21 exits were recorded this quarter worth a combined €17B.
Equity funding
€816M
▲ +10.1%excl. debt & grants · +€11M debt
Funding rounds
229
▼ -5.4%Companies funded
227
▼ -5.8%Named investors
161
▲ +5.2%Exits
21
▲ +31.3%Provenance: 83% of 229 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -21.00%
Methodology →Investments
Funding within Q2 2011
by monthFunding within Q2 2011 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €199M | 74 |
| May | €232M | 69 |
| Jun | €397M | 86 |
Biggest deals
top 10 by amount- 1SpotifySeries D+ · Sweden · Jun 2011€70M
- 2WimduSeries A · Germany · Jun 2011€63M
- 3EVIIVOGrowth/Late · UK · Apr 2011€34M
- 4Avantium TechnologiesGrowth/Late · Netherlands · Jun 2011€31M
- 5Oxford Nanopore TechnologiesSeries D+ · UK · Apr 2011€28M
- 6EnecsysSeries B · UK · May 2011€28M
- 7ShazamSeries C · UK · Jun 2011€22M
- 8Media IngenuityGrowth/Late · UK · Apr 2011€20M
- 9Altair SemiconductorSeries D+ · Israel · Apr 2011€18M
- 10IconGrowth/Late · Germany · Jun 2011€17M
Concentration
top 10 deals39.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€330M
Period total
€828M
Countries
Top countries
equity raisedQ2 2011 — top countries — interactive chart.
Data table
| Q2 2011 — top countries | |
|---|---|
| UK | €244M |
| Germany | €119M |
| Sweden | €101M |
| France | €92M |
| Israel | €81M |
| Netherlands | €39M |
| Switzerland | €31M |
| Spain | €26M |
| Russia | €23M |
| Finland | €20M |
Capital by country
share of equityQ2 2011 — capital by country — interactive chart.
Data table
| Q2 2011 — capital by country | |
|---|---|
| UK | €244M |
| Germany | €119M |
| Sweden | €101M |
| France | €92M |
| Israel | €81M |
| Netherlands | €39M |
| Switzerland | €31M |
| Spain | €26M |
| Russia | €23M |
| Finland | €20M |
| Other | €41M |
Geographic distribution
European countries shown · click a countryQ2 2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2011 — top sectors — interactive chart.
Data table
| Q2 2011 — top sectors | |
|---|---|
| Media | €159M |
| Marketing | €133M |
| Travel | €123M |
| Healthtech | €119M |
| E-commerce | €79M |
| Software | €73M |
| Gaming | €70M |
| Fintech | €39M |
| Cleantech | €36M |
| Semiconductors | €32M |
Capital by sector
share of equityQ2 2011 — capital by sector — interactive chart.
Data table
| Q2 2011 — capital by sector | |
|---|---|
| Media | €159M |
| Marketing | €133M |
| Travel | €123M |
| Healthtech | €119M |
| E-commerce | €79M |
| Software | €73M |
| Gaming | €70M |
| Fintech | €39M |
| Other | €201M |
Stages
Funding by stage
total euro raised by round typeQ2 2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €30M |
| Series A | €165M |
| Series B | €96M |
| Series C | €81M |
| Series D+ | €130M |
| Early VC | €74M |
| Growth/Late | €175M |
| Debt | €11M |
| Other | €66M |
Exits
Exit activity
21
exits recorded
€17B
combined disclosed value
Exits breakdown
by typeQ2 2011 — exits by type — interactive chart.
Data table
| Q2 2011 — exits by type | |
|---|---|
| Acquisition | 9 |
| Buyout | 8 |
| IPO | 4 |