European startup funding H1 2012
Half-year report · 2012-01-01 – 2012-06-30 · vs H2 2011
Half-year
Summary
auto-generatedIn H1 2012, 652 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.8B, up 22.9% versus H2 2011. Debt rounds added a further €5.3M.
Deal count moved +33.3% versus H2 2011, with 384 named investors participating.
UK led by equity raised with €569M (31.5% of equity).
Marketing was the most-funded sector at €292M in equity (16.2%).
The ten largest rounds accounted for 24.8% of disclosed capital, led by Conduit's €75M.
30 exits were recorded this half-year worth a combined €39B.
Equity funding
€1.8B
▲ +22.9%excl. debt & grants · +€5.3M debt
Funding rounds
652
▲ +33.3%Companies funded
620
▲ +30.0%Named investors
384
▲ +34.3%Exits
30
▲ +20.0%Provenance: 78% of 652 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -13.53%
Methodology →Investments
Funding within H1 2012
by monthFunding within H1 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 |
Biggest deals
top 10 by amount- 1ConduitGrowth/Late · Israel · Apr 2012€75M
- 2AVITO.ruGrowth/Late · Russia · May 2012€57M
- 3AgendiaSeries D+ · Netherlands · May 2012€49M
- 4LuxoftSeries C · Russia · Jun 2012€48M
- 5Just EatSeries C · UK · Apr 2012€42M
- 6Westwing Home & LivingGrowth/Late · Germany · Jun 2012€40M
- 7SoundCloudSeries C · Germany · Jan 2012€39M
- 8Oxford Nanopore TechnologiesGrowth/Late · UK · May 2012€39M
- 9Bluewater BioOther · UK · Mar 2012€31M
- 10StuRents.comSeries A · UK · May 2012€30M
Concentration
top 10 deals24.8%
of disclosed capital came from the ten largest rounds.
Top 10 total
€450M
Period total
€1.8B
Countries
Top countries
equity raisedH1 2012 — top countries — interactive chart.
Data table
| H1 2012 — top countries | |
|---|---|
| UK | €569M |
| Germany | €266M |
| Israel | €211M |
| France | €182M |
| Russia | €158M |
| Sweden | €104M |
| Netherlands | €91M |
| Spain | €50M |
| Ireland | €38M |
| Italy | €36M |
Capital by country
share of equityH1 2012 — capital by country — interactive chart.
Data table
| H1 2012 — capital by country | |
|---|---|
| UK | €569M |
| Germany | €266M |
| Israel | €211M |
| France | €182M |
| Russia | €158M |
| Sweden | €104M |
| Netherlands | €91M |
| Spain | €50M |
| Ireland | €38M |
| Italy | €36M |
| Other | €102M |
Geographic distribution
European countries shown · click a countryH1 2012 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2012 — top sectors — interactive chart.
Data table
| H1 2012 — top sectors | |
|---|---|
| Marketing | €292M |
| Software | €258M |
| E-commerce | €206M |
| Healthtech | €185M |
| Fintech | €169M |
| Media | €161M |
| Foodtech | €160M |
| Consumer | €121M |
| Transportation | €116M |
| Proptech | €88M |
Capital by sector
share of equityH1 2012 — capital by sector — interactive chart.
Data table
| H1 2012 — capital by sector | |
|---|---|
| Marketing | €292M |
| Software | €258M |
| E-commerce | €206M |
| Healthtech | €185M |
| Fintech | €169M |
| Media | €161M |
| Foodtech | €160M |
| Consumer | €121M |
| Other | €695M |
Stages
Funding by stage
total euro raised by round typeH1 2012 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €116M |
| Series A | €264M |
| Series B | €273M |
| Series C | €251M |
| Series D+ | €93M |
| Early VC | €160M |
| Growth/Late | €422M |
| Debt | €5.3M |
| Grant | €3.4M |
| Other | €228M |
Exits
Exit activity
30
exits recorded
€39B
combined disclosed value
Exits breakdown
by typeH1 2012 — exits by type — interactive chart.
Data table
| H1 2012 — exits by type | |
|---|---|
| Acquisition | 24 |
| IPO | 4 |
| Buyout | 1 |
| Merger | 1 |