European startup funding Q3 2011
Quarterly report · 2011-07-01 – 2011-09-30 · vs Q2 2011
Quarterly
Summary
auto-generatedIn Q3 2011, 237 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €592M, down 27.5% versus Q2 2011.
Deal count moved +3.5% versus Q2 2011, with 169 named investors participating.
UK led by equity raised with €166M (28.0% of equity).
Media was the most-funded sector at €148M in equity (25.0%).
The ten largest rounds accounted for 44.7% of disclosed capital, led by Ozon's €69M.
15 exits were recorded this quarter worth a combined €81M.
Equity funding
€592M
▼ -27.5%excl. debt & grants
Funding rounds
237
▲ +3.5%Companies funded
236
▲ +4.0%Named investors
169
▲ +5.0%Exits
15
▼ -28.6%Provenance: 74% of 237 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -20.84%
Methodology →Investments
Funding within Q3 2011
by monthFunding within Q3 2011 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €95M | 68 |
| Aug | €222M | 77 |
| Sep | €276M | 92 |
Biggest deals
top 10 by amount- 1OzonGrowth/Late · Russia · Sep 2011€69M
- 2NexeonGrowth/Late · UK · Aug 2011€46M
- 3QosmosOther · France · Sep 2011€26M
- 4TeadsSeries B · France · Aug 2011€23M
- 5Compass EOSSeries D+ · Israel · Sep 2011€22M
- 6GroupaliaSeries D+ · Spain · Aug 2011€18M
- 7EbuzzingSeries B · UK · Aug 2011€18M
- 8TrendyolSeries C · Türkiye · Jul 2011€17M
- 9OrphazymeSeries A · Denmark · Sep 2011€14M
- 10poLightSeries B · Norway · Jul 2011€13M
Concentration
top 10 deals44.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€265M
Period total
€593M
Countries
Top countries
equity raisedQ3 2011 — top countries — interactive chart.
Data table
| Q3 2011 — top countries | |
|---|---|
| UK | €166M |
| Israel | €108M |
| France | €77M |
| Russia | €72M |
| Switzerland | €29M |
| Spain | €26M |
| Türkiye | €26M |
| Ireland | €18M |
| Denmark | €15M |
| Norway | €13M |
Capital by country
share of equityQ3 2011 — capital by country — interactive chart.
Data table
| Q3 2011 — capital by country | |
|---|---|
| UK | €166M |
| Israel | €108M |
| France | €77M |
| Russia | €72M |
| Switzerland | €29M |
| Spain | €26M |
| Türkiye | €26M |
| Ireland | €18M |
| Denmark | €15M |
| Norway | €13M |
| Other | €42M |
Geographic distribution
European countries shown · click a countryQ3 2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ3 2011 — top sectors — interactive chart.
Data table
| Q3 2011 — top sectors | |
|---|---|
| Media | €148M |
| Software | €142M |
| E-commerce | €116M |
| Cybersecurity | €86M |
| Marketing | €84M |
| Consumer | €78M |
| Healthtech | €53M |
| Energy | €50M |
| Semiconductors | €28M |
| Fashion | €20M |
Capital by sector
share of equityQ3 2011 — capital by sector — interactive chart.
Data table
| Q3 2011 — capital by sector | |
|---|---|
| Media | €148M |
| Software | €142M |
| E-commerce | €116M |
| Cybersecurity | €86M |
| Marketing | €84M |
| Consumer | €78M |
| Healthtech | €53M |
| Energy | €50M |
| Other | €133M |
Stages
Funding by stage
total euro raised by round typeQ3 2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €28M |
| Series A | €93M |
| Series B | €128M |
| Series C | €26M |
| Series D+ | €46M |
| Early VC | €68M |
| Growth/Late | €120M |
| Grant | €597k |
| Other | €83M |
Exits
Exit activity
15
exits recorded
€81M
combined disclosed value
Exits breakdown
by typeQ3 2011 — exits by type — interactive chart.
Data table
| Q3 2011 — exits by type | |
|---|---|
| Acquisition | 15 |