European startup funding H1 2014
Half-year report · 2014-01-01 – 2014-06-30 · vs H2 2013
Half-year
Summary
auto-generatedIn H1 2014, 1,197 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.1B, up 59.9% versus H2 2013. Debt rounds added a further €68M.
Deal count moved +18.2% versus H2 2013, with 640 named investors participating.
UK led by equity raised with €1.4B (32.8% of equity).
Software was the most-funded sector at €789M in equity (19.2%).
The ten largest rounds accounted for 24.1% of disclosed capital, led by Seven Energy's €230M.
95 exits were recorded this half-year worth a combined €5.4B.
Equity funding
€4.1B
▲ +59.9%excl. debt & grants · +€68M debt
Funding rounds
1,197
▲ +18.2%Companies funded
1,134
▲ +16.9%Named investors
640
▲ +10.7%Exits
95
▲ +43.9%Provenance: 85% of 1,197 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -18.66%
Methodology →Investments
Funding within H1 2014
by monthFunding within H1 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 |
Biggest deals
top 10 by amount- 1Seven EnergyOther · UK · Apr 2014€230M
- 2MonitiseOther · UK · Mar 2014€152M
- 3OzonGrowth/Late · Russia · Apr 2014€109M
- 4KlarnaGrowth/Late · Sweden · Mar 2014€90M
- 5borroSeries D+ · UK · Mar 2014€81M
- 6Takeaway.comSeries B · Netherlands · Apr 2014€75M
- 7SarenzaGrowth/Late · France · Jun 2014€74M
- 8Westwing Home & LivingGrowth/Late · Germany · Apr 2014€72M
- 9Delivery HeroSeries D+ · Germany · Jan 2014€64M
- 10Delivery HeroSeries D+ · Germany · Apr 2014€62M
Concentration
top 10 deals24.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.0B
Period total
€4.2B
Countries
Top countries
equity raisedH1 2014 — top countries — interactive chart.
Data table
| H1 2014 — top countries | |
|---|---|
| UK | €1.4B |
| Germany | €621M |
| Israel | €372M |
| France | €346M |
| Sweden | €289M |
| Netherlands | €240M |
| Russia | €177M |
| Switzerland | €156M |
| Spain | €104M |
| Ireland | €89M |
Capital by country
share of equityH1 2014 — capital by country — interactive chart.
Data table
| H1 2014 — capital by country | |
|---|---|
| UK | €1.4B |
| Germany | €621M |
| Israel | €372M |
| France | €346M |
| Sweden | €289M |
| Netherlands | €240M |
| Russia | €177M |
| Switzerland | €156M |
| Spain | €104M |
| Ireland | €89M |
| Other | €366M |
Geographic distribution
European countries shown · click a countryH1 2014 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2014 — top sectors — interactive chart.
Data table
| H1 2014 — top sectors | |
|---|---|
| Software | €789M |
| Fintech | €774M |
| E-commerce | €580M |
| Marketing | €473M |
| Media | €445M |
| Healthtech | €387M |
| Foodtech | €298M |
| Consumer | €275M |
| Energy | €252M |
| Fashion | €247M |
Capital by sector
share of equityH1 2014 — capital by sector — interactive chart.
Data table
| H1 2014 — capital by sector | |
|---|---|
| Software | €789M |
| Fintech | €774M |
| E-commerce | €580M |
| Marketing | €473M |
| Media | €445M |
| Healthtech | €387M |
| Foodtech | €298M |
| Consumer | €275M |
| Other | €1.7B |
Stages
Funding by stage
total euro raised by round typeH1 2014 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €250M |
| Series A | €434M |
| Series B | €589M |
| Series C | €427M |
| Series D+ | €579M |
| Early VC | €212M |
| Growth/Late | €732M |
| Debt | €68M |
| Grant | €4.2M |
| Crowdfunding | €890k |
| Other | €887M |
Exits
Exit activity
95
exits recorded
€5.4B
combined disclosed value
Exits breakdown
by typeH1 2014 — exits by type — interactive chart.
Data table
| H1 2014 — exits by type | |
|---|---|
| Acquisition | 94 |
| Leveraged buyout | 1 |