European startup funding 2012
Annual report · 2012-01-01 – 2012-12-31 · vs 2011
Annual
Summary
auto-generatedIn 2012, 1,310 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.9B, up 28.1% versus 2011. Debt rounds added a further €5.8M.
Deal count moved +36.5% versus 2011, with 654 named investors participating.
UK led by equity raised with €1.2B (30.7% of equity).
Marketing was the most-funded sector at €590M in equity (15.2%).
The ten largest rounds accounted for 17.2% of disclosed capital, led by Deezer's €101M.
61 exits were recorded this year worth a combined €46B.
Equity funding
€3.9B
▲ +28.1%excl. debt & grants · +€5.8M debt
Funding rounds
1,310
▲ +36.5%Companies funded
1,192
▲ +31.9%Named investors
654
▲ +38.3%Exits
61
▼ -1.6%Provenance: 79% of 1,310 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -12.75%
Methodology →Investments
Funding within 2012
by monthFunding within 2012 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €310M | 164 |
| Feb | €118M | 85 |
| Mar | €301M | 109 |
| Apr | €291M | 89 |
| May | €458M | 106 |
| Jun | €337M | 99 |
| Jul | €184M | 103 |
| Aug | €328M | 86 |
| Sep | €547M | 125 |
| Oct | €386M | 118 |
| Nov | €384M | 110 |
| Dec | €254M | 116 |
Biggest deals
top 10 by amount- 1DeezerSeries D+ · France · Oct 2012€101M
- 2Falk RealtimeOther · Germany · Aug 2012€90M
- 3CureVacSeries D+ · Germany · Sep 2012€80M
- 4SpotifySeries D+ · Sweden · Nov 2012€77M
- 5ConduitGrowth/Late · Israel · Apr 2012€75M
- 6AVITO.ruGrowth/Late · Russia · May 2012€57M
- 7AgendiaSeries D+ · Netherlands · May 2012€49M
- 8MimecastSeries C · UK · Sep 2012€49M
- 9LuxoftSeries C · Russia · Jun 2012€48M
- 10LamodaSeries D+ · Russia · Sep 2012€44M
Concentration
top 10 deals17.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€669M
Period total
€3.9B
Countries
Top countries
equity raised2012 — top countries — interactive chart.
Data table
| 2012 — top countries | |
|---|---|
| UK | €1.2B |
| Germany | €645M |
| France | €445M |
| Israel | €431M |
| Russia | €289M |
| Sweden | €201M |
| Switzerland | €130M |
| Spain | €107M |
| Netherlands | €103M |
| Italy | €65M |
Capital by country
share of equity2012 — capital by country — interactive chart.
Data table
| 2012 — capital by country | |
|---|---|
| UK | €1.2B |
| Germany | €645M |
| France | €445M |
| Israel | €431M |
| Russia | €289M |
| Sweden | €201M |
| Switzerland | €130M |
| Spain | €107M |
| Netherlands | €103M |
| Italy | €65M |
| Other | €271M |
Geographic distribution
European countries shown · click a country2012 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2012 — top sectors — interactive chart.
Data table
| 2012 — top sectors | |
|---|---|
| Marketing | €590M |
| Software | €533M |
| Media | €523M |
| Healthtech | €480M |
| E-commerce | €375M |
| Fintech | €304M |
| Fashion | €286M |
| Foodtech | €214M |
| Travel | €202M |
| Transportation | €180M |
Capital by sector
share of equity2012 — capital by sector — interactive chart.
Data table
| 2012 — capital by sector | |
|---|---|
| Marketing | €590M |
| Software | €533M |
| Media | €523M |
| Healthtech | €480M |
| E-commerce | €375M |
| Fintech | €304M |
| Fashion | €286M |
| Foodtech | €214M |
| Other | €1.4B |
Stages
Funding by stage
total euro raised by round type2012 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €238M |
| Series A | €486M |
| Series B | €468M |
| Series C | €526M |
| Series D+ | €616M |
| Early VC | €360M |
| Growth/Late | €711M |
| Debt | €5.8M |
| Grant | €14M |
| Crowdfunding | €0 |
| Other | €473M |
Exits
Exit activity
61
exits recorded
€46B
combined disclosed value
Exits breakdown
by type2012 — exits by type — interactive chart.
Data table
| 2012 — exits by type | |
|---|---|
| Acquisition | 48 |
| IPO | 9 |
| Buyout | 2 |
| Merger | 2 |