European startup funding Q4 2011
Quarterly report · 2011-10-01 – 2011-12-31 · vs Q3 2011
Quarterly
Summary
auto-generatedIn Q4 2011, 252 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €877M, up 48.2% versus Q3 2011. Debt rounds added a further €1.1M.
Deal count moved +6.3% versus Q3 2011, with 160 named investors participating.
UK led by equity raised with €272M (31.0% of equity).
Healthtech was the most-funded sector at €170M in equity (19.4%).
The ten largest rounds accounted for 52.3% of disclosed capital, led by Klarna's €116M.
10 exits were recorded this quarter worth a combined €2.6B.
Equity funding
€877M
▲ +48.2%excl. debt & grants · +€1.1M debt
Funding rounds
252
▲ +6.3%Companies funded
245
▲ +3.8%Named investors
160
▼ -5.3%Exits
10
▼ -33.3%Leading country
€272M
31.0% of equity
Leading sector
€170M
19.4% of equity
Provenance: 83% of 252 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -16.66%
Methodology →Investments
Funding within Q4 2011
by monthFunding within Q4 2011 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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
- 4Visual MetaOther · Germany · Dec 2011€40M
- 5AdaptGrowth/Late · UK · Oct 2011€35M
- 6ZenpriseSeries D+ · France · Oct 2011€27M
- 7AFFiRiSGrowth/Late · Austria · Nov 2011€25M
- 8WISeKeyGrowth/Late · Switzerland · Nov 2011€25M
- 9Grupo IMOGrowth/Late · Spain · Dec 2011€20M
- 10Sphere Medical HoldingGrowth/Late · UK · Oct 2011€18M
Concentration
top 10 deals52.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€459M
Period total
€878M
Countries
Top countries
equity raisedQ4 2011 — top countries — interactive chart.
Data table
| Q4 2011 — top countries | |
|---|---|
| UK | €272M |
| Sweden | €133M |
| Germany | €128M |
| Switzerland | €99M |
| France | €59M |
| Israel | €47M |
| Austria | €37M |
| Spain | €30M |
| Ireland | €20M |
| Netherlands | €14M |
Capital by country
share of equityQ4 2011 — capital by country — interactive chart.
Data table
| Q4 2011 — capital by country | |
|---|---|
| UK | €272M |
| Sweden | €133M |
| Germany | €128M |
| Switzerland | €99M |
| France | €59M |
| Israel | €47M |
| Austria | €37M |
| Spain | €30M |
| Ireland | €20M |
| Netherlands | €14M |
| Other | €40M |
Geographic distribution
European countries shown · click a countryQ4 2011 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2011 — top sectors — interactive chart.
Data table
| Q4 2011 — top sectors | |
|---|---|
| Healthtech | €170M |
| Fintech | €164M |
| Software | €117M |
| Marketing | €90M |
| Cloud | €84M |
| E-commerce | €66M |
| Cybersecurity | €66M |
| Fashion | €54M |
| Telecom | €45M |
| Foodtech | €32M |
Capital by sector
share of equityQ4 2011 — capital by sector — interactive chart.
Data table
| Q4 2011 — capital by sector | |
|---|---|
| Healthtech | €170M |
| Fintech | €164M |
| Software | €117M |
| Marketing | €90M |
| Cloud | €84M |
| E-commerce | €66M |
| Cybersecurity | €66M |
| Fashion | €54M |
| Other | €245M |
Stages
Funding by stage
total euro raised by round typeQ4 2011 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €37M |
| Series A | €67M |
| Series B | €98M |
| Series C | €193M |
| Series D+ | €49M |
| Early VC | €67M |
| Growth/Late | €170M |
| Debt | €1.1M |
| Grant | €22k |
| Other | €198M |
Exits
Exit activity
10
exits recorded
€2.6B
combined disclosed value
Exits breakdown
by typeQ4 2011 — exits by type — interactive chart.
Data table
| Q4 2011 — exits by type | |
|---|---|
| Acquisition | 6 |
| Buyout | 4 |