European startup funding Q1 2012
Quarterly report · 2012-01-01 – 2012-03-31 · vs Q4 2011
Quarterly
Summary
auto-generatedIn Q1 2012, 358 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €720M, down 17.9% versus Q4 2011. Debt rounds added a further €5.3M.
Deal count moved +42.1% versus Q4 2011, with 235 named investors participating.
UK led by equity raised with €262M (36.4% of equity).
Marketing was the most-funded sector at €114M in equity (15.8%).
The ten largest rounds accounted for 32.3% of disclosed capital, led by SoundCloud's €39M.
15 exits were recorded this quarter worth a combined €38B.
Equity funding
€720M
▼ -17.9%excl. debt & grants · +€5.3M debt
Funding rounds
358
▲ +42.1%Companies funded
347
▲ +41.6%Named investors
235
▲ +46.9%Exits
15
▲ +50.0%Provenance: 75% of 358 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -15.01%
Methodology →Investments
Funding within Q1 2012
by monthFunding within Q1 2012 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €310M | 164 |
| Feb | €118M | 85 |
| Mar | €301M | 109 |
Biggest deals
top 10 by amount- 1SoundCloudSeries C · Germany · Jan 2012€39M
- 2Bluewater BioOther · UK · Mar 2012€31M
- 3Amplitude TechnologiesSeries B · France · Jan 2012€30M
- 4BokuGrowth/Late · Germany · Mar 2012€26M
- 5Delivery HeroSeries C · Germany · Mar 2012€25M
- 6NeolaneGrowth/Late · France · Jan 2012€21M
- 7UnrulySeries A · UK · Jan 2012€19M
- 8Tobii TechnologySeries C · Sweden · Mar 2012€16M
- 9Gett (GetTaxi)Series B · Israel · Mar 2012€15M
- 10FarfetchSeries B · UK · Jan 2012€14M
Concentration
top 10 deals32.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€236M
Period total
€728M
Countries
Top countries
equity raisedQ1 2012 — top countries — interactive chart.
Data table
| Q1 2012 — top countries | |
|---|---|
| UK | €262M |
| Germany | €129M |
| France | €100M |
| Israel | €73M |
| Sweden | €29M |
| Netherlands | €28M |
| Spain | €27M |
| Belgium | €17M |
| Ireland | €10M |
| Switzerland | €8.6M |
Capital by country
share of equityQ1 2012 — capital by country — interactive chart.
Data table
| Q1 2012 — capital by country | |
|---|---|
| UK | €262M |
| Germany | €129M |
| France | €100M |
| Israel | €73M |
| Sweden | €29M |
| Netherlands | €28M |
| Spain | €27M |
| Belgium | €17M |
| Ireland | €10M |
| Switzerland | €8.6M |
| Other | €37M |
Geographic distribution
European countries shown · click a countryQ1 2012 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2012 — top sectors — interactive chart.
Data table
| Q1 2012 — top sectors | |
|---|---|
| Marketing | €114M |
| Software | €109M |
| Media | €101M |
| Fintech | €60M |
| E-commerce | €59M |
| Cleantech | €55M |
| Transportation | €55M |
| Travel | €49M |
| Healthtech | €48M |
| Foodtech | €44M |
Capital by sector
share of equityQ1 2012 — capital by sector — interactive chart.
Data table
| Q1 2012 — capital by sector | |
|---|---|
| Marketing | €114M |
| Software | €109M |
| Media | €101M |
| Fintech | €60M |
| E-commerce | €59M |
| Cleantech | €55M |
| Transportation | €55M |
| Travel | €49M |
| Other | €273M |
Stages
Funding by stage
total euro raised by round typeQ1 2012 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €54M |
| Series A | €127M |
| Series B | €159M |
| Series C | €106M |
| Series D+ | €0 |
| Early VC | €81M |
| Growth/Late | €89M |
| Debt | €5.3M |
| Grant | €3.2M |
| Other | €104M |
Exits
Exit activity
15
exits recorded
€38B
combined disclosed value
Exits breakdown
by typeQ1 2012 — exits by type — interactive chart.
Data table
| Q1 2012 — exits by type | |
|---|---|
| Acquisition | 9 |
| IPO | 4 |
| Buyout | 1 |
| Merger | 1 |