European startup funding 2014
Annual report · 2014-01-01 – 2014-12-31 · vs 2013
Annual
Summary
auto-generatedIn 2014, 2,245 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €9.3B, up 107.0% versus 2013. Debt rounds added a further €253M.
Deal count moved +19.0% versus 2013, with 1,045 named investors participating.
UK led by equity raised with €3.3B (35.1% of equity).
Software was the most-funded sector at €1.7B in equity (18.0%).
The ten largest rounds accounted for 22.3% of disclosed capital, led by Helios Towers Africa's €461M.
182 exits were recorded this year worth a combined €18B.
Equity funding
€9.3B
▲ +107.0%excl. debt & grants · +€253M debt
Funding rounds
2,245
▲ +19.0%Companies funded
1,996
▲ +18.2%Named investors
1,045
▲ +21.7%Exits
182
▲ +67.0%Provenance: 85% of 2,245 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -15.52%
Methodology →Investments
Funding within 2014
by monthFunding within 2014 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €652M | 238 |
| Feb | €502M | 164 |
| Mar | €801M | 211 |
| Apr | €1.1B | 191 |
| May | €477M | 175 |
| Jun | €674M | 218 |
| Jul | €1.2B | 189 |
| Aug | €901M | 148 |
| Sep | €1.1B | 203 |
| Oct | €624M | 183 |
| Nov | €791M | 161 |
| Dec | €809M | 164 |
Biggest deals
top 10 by amount- 1Helios Towers AfricaGrowth/Late · UK · Jul 2014€461M
- 2Rocket Internet SEGrowth/Late · Germany · Aug 2014€333M
- 3Delivery HeroSeries D+ · Germany · Sep 2014€265M
- 4Seven EnergyOther · UK · Apr 2014€230M
- 5AdyenSeries B · Netherlands · Dec 2014€200M
- 64financeDebt · Latvia · Sep 2014€155M
- 7MonitiseOther · UK · Mar 2014€152M
- 8The Hut GroupGrowth/Late · UK · Jul 2014€125M
- 9Gett (GetTaxi)Series D+ · Israel · Aug 2014€112M
- 10OzonGrowth/Late · Russia · Apr 2014€109M
Concentration
top 10 deals22.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.1B
Period total
€9.6B
Countries
Top countries
equity raised2014 — top countries — interactive chart.
Data table
| 2014 — top countries | |
|---|---|
| UK | €3.3B |
| Germany | €1.7B |
| Israel | €1.0B |
| France | €672M |
| Netherlands | €572M |
| Sweden | €457M |
| Russia | €295M |
| Switzerland | €288M |
| Spain | €285M |
| Finland | €128M |
Capital by country
share of equity2014 — capital by country — interactive chart.
Data table
| 2014 — capital by country | |
|---|---|
| UK | €3.3B |
| Germany | €1.7B |
| Israel | €1.0B |
| France | €672M |
| Netherlands | €572M |
| Sweden | €457M |
| Russia | €295M |
| Switzerland | €288M |
| Spain | €285M |
| Finland | €128M |
| Other | €694M |
Geographic distribution
European countries shown · click a country2014 — geographic distribution — interactive chart.
Industries
Top sectors
equity raised2014 — top sectors — interactive chart.
Data table
| 2014 — top sectors | |
|---|---|
| Software | €1.7B |
| Fintech | €1.4B |
| E-commerce | €1.1B |
| Foodtech | €1.0B |
| Healthtech | €928M |
| Marketing | €923M |
| Fashion | €812M |
| Telecom | €704M |
| Media | €590M |
| Consumer | €459M |
Capital by sector
share of equity2014 — capital by sector — interactive chart.
Data table
| 2014 — capital by sector | |
|---|---|
| Software | €1.7B |
| Fintech | €1.4B |
| E-commerce | €1.1B |
| Foodtech | €1.0B |
| Healthtech | €928M |
| Marketing | €923M |
| Fashion | €812M |
| Telecom | €704M |
| Other | €4.1B |
Stages
Funding by stage
total euro raised by round type2014 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €498M |
| Series A | €1.2B |
| Series B | €1.5B |
| Series C | €948M |
| Series D+ | €1.4B |
| Early VC | €381M |
| Growth/Late | €2.0B |
| Debt | €253M |
| Grant | €6.6M |
| Crowdfunding | €890k |
| Other | €1.4B |
Exits
Exit activity
182
exits recorded
€18B
combined disclosed value
Exits breakdown
by type2014 — exits by type — interactive chart.
Data table
| 2014 — exits by type | |
|---|---|
| Acquisition | 170 |
| Buyout | 4 |
| Merger | 4 |
| IPO | 3 |
| Leveraged buyout | 1 |