European startup funding Q4 2012
Quarterly report · 2012-10-01 – 2012-12-31 · vs Q3 2012
Quarterly
Summary
auto-generatedIn Q4 2012, 344 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.0B, down 4.3% versus Q3 2012.
Deal count moved +9.6% versus Q3 2012, with 259 named investors participating.
UK led by equity raised with €298M (29.4% of equity).
Media was the most-funded sector at €286M in equity (28.3%).
The ten largest rounds accounted for 38.3% of disclosed capital, led by Deezer's €101M.
18 exits were recorded this quarter worth a combined €6.8B.
Equity funding
€1.0B
▼ -4.3%excl. debt & grants
Funding rounds
344
▲ +9.6%Companies funded
340
▲ +9.3%Named investors
259
▲ +13.1%Exits
18
▲ +38.5%Provenance: 82% of 344 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -13.26%
Methodology →Investments
Funding within Q4 2012
by monthFunding within Q4 2012 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Oct | €386M | 118 |
| Nov | €384M | 110 |
| Dec | €254M | 116 |
Biggest deals
top 10 by amount- 1DeezerSeries D+ · France · Oct 2012€101M
- 2SpotifySeries D+ · Sweden · Nov 2012€77M
- 3BiocartisSeries D+ · Switzerland · Dec 2012€35M
- 4EndosenseSeries C · Switzerland · Nov 2012€31M
- 5HouseTripSeries C · UK · Oct 2012€31M
- 6SpartooSeries C · France · Oct 2012€25M
- 7MATCHESFASHION.COMSeries A · UK · Nov 2012€25M
- 8HailoSeries B · UK · Dec 2012€24M
- 9smartFOCUSGrowth/Late · UK · Oct 2012€23M
- 10NetbiscuitsGrowth/Late · Germany · Oct 2012€21M
Concentration
top 10 deals38.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€391M
Period total
€1.0B
Countries
Top countries
equity raisedQ4 2012 — top countries — interactive chart.
Data table
| Q4 2012 — top countries | |
|---|---|
| UK | €298M |
| France | €180M |
| Israel | €134M |
| Switzerland | €91M |
| Germany | €86M |
| Sweden | €84M |
| Denmark | €37M |
| Russia | €32M |
| Italy | €16M |
| Spain | €11M |
Capital by country
share of equityQ4 2012 — capital by country — interactive chart.
Data table
| Q4 2012 — capital by country | |
|---|---|
| UK | €298M |
| France | €180M |
| Israel | €134M |
| Switzerland | €91M |
| Germany | €86M |
| Sweden | €84M |
| Denmark | €37M |
| Russia | €32M |
| Italy | €16M |
| Spain | €11M |
| Other | €43M |
Geographic distribution
European countries shown · click a countryQ4 2012 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2012 — top sectors — interactive chart.
Data table
| Q4 2012 — top sectors | |
|---|---|
| Media | €286M |
| Software | €159M |
| Marketing | €128M |
| Healthtech | €126M |
| Travel | €110M |
| Fashion | €99M |
| E-commerce | €93M |
| Fintech | €64M |
| Consumer | €37M |
| Hardware | €37M |
Capital by sector
share of equityQ4 2012 — capital by sector — interactive chart.
Data table
| Q4 2012 — capital by sector | |
|---|---|
| Media | €286M |
| Software | €159M |
| Marketing | €128M |
| Healthtech | €126M |
| Travel | €110M |
| Fashion | €99M |
| E-commerce | €93M |
| Fintech | €64M |
| Other | €222M |
Stages
Funding by stage
total euro raised by round typeQ4 2012 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €53M |
| Series A | €130M |
| Series B | €90M |
| Series C | €149M |
| Series D+ | €271M |
| Early VC | €108M |
| Growth/Late | €150M |
| Debt | €0 |
| Grant | €9.8M |
| Other | €62M |
Exits
Exit activity
18
exits recorded
€6.8B
combined disclosed value
Exits breakdown
by typeQ4 2012 — exits by type — interactive chart.
Data table
| Q4 2012 — exits by type | |
|---|---|
| Acquisition | 11 |
| IPO | 5 |
| Buyout | 1 |
| Merger | 1 |