European startup funding Q1 2013
Quarterly report · 2013-01-01 – 2013-03-31 · vs Q4 2012
Quarterly
Summary
auto-generatedIn Q1 2013, 404 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €754M, down 25.5% versus Q4 2012. Debt rounds added a further €23M.
Deal count moved +17.4% versus Q4 2012, with 270 named investors participating.
UK led by equity raised with €268M (35.5% of equity).
Software was the most-funded sector at €121M in equity (16.0%).
The ten largest rounds accounted for 34.4% of disclosed capital, led by Truphone's €87M.
21 exits were recorded this quarter worth a combined €11B.
Equity funding
€754M
▼ -25.5%excl. debt & grants · +€23M debt
Funding rounds
404
▲ +17.4%Companies funded
395
▲ +16.2%Named investors
270
▲ +4.2%Exits
21
▲ +16.7%Provenance: 81% of 404 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -16.12%
Methodology →Investments
Funding within Q1 2013
by monthFunding within Q1 2013 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €198M | 158 |
| Feb | €256M | 110 |
| Mar | €326M | 136 |
Biggest deals
top 10 by amount- 1TruphoneGrowth/Late · UK · Feb 2013€87M
- 2AVITO.ruSeries D+ · Russia · Mar 2013€38M
- 3HybrisGrowth/Late · Germany · Mar 2013€23M
- 43V Transaction ServicesSeries A · Ireland · Mar 2013€19M
- 5OstrovokSeries B · Russia · Mar 2013€19M
- 6Game InsightSeries A · Lithuania · Feb 2013€18M
- 7KeepVisionOther · UK · Jan 2013€18M
- 8vitrolife.comGrowth/Late · Denmark · Mar 2013€15M
- 9FarfetchSeries C · UK · Mar 2013€15M
- 10NewVoiceMediaSeries B · UK · Jan 2013€15M
Concentration
top 10 deals34.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€269M
Period total
€780M
Countries
Top countries
equity raisedQ1 2013 — top countries — interactive chart.
Data table
| Q1 2013 — top countries | |
|---|---|
| UK | €268M |
| Germany | €106M |
| Israel | €71M |
| Russia | €68M |
| France | €61M |
| Ireland | €32M |
| Netherlands | €26M |
| Lithuania | €24M |
| Denmark | €20M |
| Finland | €19M |
Capital by country
share of equityQ1 2013 — capital by country — interactive chart.
Data table
| Q1 2013 — capital by country | |
|---|---|
| UK | €268M |
| Germany | €106M |
| Israel | €71M |
| Russia | €68M |
| France | €61M |
| Ireland | €32M |
| Netherlands | €26M |
| Lithuania | €24M |
| Denmark | €20M |
| Finland | €19M |
| Other | €59M |
Geographic distribution
European countries shown · click a countryQ1 2013 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2013 — top sectors — interactive chart.
Data table
| Q1 2013 — top sectors | |
|---|---|
| Software | €121M |
| Telecom | €115M |
| Marketing | €107M |
| Hardware | €93M |
| Fintech | €73M |
| Healthtech | €59M |
| Media | €55M |
| Transportation | €53M |
| Gaming | €42M |
| Proptech | €42M |
Capital by sector
share of equityQ1 2013 — capital by sector — interactive chart.
Data table
| Q1 2013 — capital by sector | |
|---|---|
| Software | €121M |
| Telecom | €115M |
| Marketing | €107M |
| Hardware | €93M |
| Fintech | €73M |
| Healthtech | €59M |
| Media | €55M |
| Transportation | €53M |
| Other | €364M |
Stages
Funding by stage
total euro raised by round typeQ1 2013 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €69M |
| Series A | €160M |
| Series B | €120M |
| Series C | €66M |
| Series D+ | €50M |
| Early VC | €73M |
| Growth/Late | €152M |
| Debt | €23M |
| Grant | €3.1M |
| Crowdfunding | €0 |
| Other | €64M |
Exits
Exit activity
21
exits recorded
€11B
combined disclosed value
Exits breakdown
by typeQ1 2013 — exits by type — interactive chart.
Data table
| Q1 2013 — exits by type | |
|---|---|
| Acquisition | 20 |
| Buyout | 1 |