European startup funding H2 2014
Half-year report · 2014-07-01 – 2014-12-31 · vs H1 2014
Half-year
Summary
auto-generatedIn H2 2014, 1,048 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.2B, up 27.3% versus H1 2014. Debt rounds added a further €185M.
Deal count moved -12.4% versus H1 2014, with 664 named investors participating.
UK led by equity raised with €1.9B (36.8% of equity).
Software was the most-funded sector at €896M in equity (17.1%).
The ten largest rounds accounted for 34.6% of disclosed capital, led by Helios Towers Africa's €461M.
87 exits were recorded this half-year worth a combined €13B.
Equity funding
€5.2B
▲ +27.3%excl. debt & grants · +€185M debt
Funding rounds
1,048
▼ -12.4%Companies funded
1,009
▼ -11.0%Named investors
664
▲ +3.8%Exits
87
▼ -8.4%Provenance: 84% of 1,048 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -13.16%
Methodology →Investments
Funding within H2 2014
by monthFunding within H2 2014 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 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
- 4AdyenSeries B · Netherlands · Dec 2014€200M
- 54financeDebt · Latvia · Sep 2014€155M
- 6The Hut GroupGrowth/Late · UK · Jul 2014€125M
- 7Gett (GetTaxi)Series D+ · Israel · Aug 2014€112M
- 8AdaptimmuneSeries A · UK · Sep 2014€79M
- 9BlaBlaCarSeries C · France · Jul 2014€73M
- 10BuyapowaOther · UK · Nov 2014€72M
Concentration
top 10 deals34.6%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.9B
Period total
€5.4B
Countries
Top countries
equity raisedH2 2014 — top countries — interactive chart.
Data table
| H2 2014 — top countries | |
|---|---|
| UK | €1.9B |
| Germany | €1.1B |
| Israel | €607M |
| Netherlands | €331M |
| France | €326M |
| Spain | €181M |
| Sweden | €168M |
| Switzerland | €132M |
| Russia | €119M |
| Finland | €76M |
Capital by country
share of equityH2 2014 — capital by country — interactive chart.
Data table
| H2 2014 — capital by country | |
|---|---|
| UK | €1.9B |
| Germany | €1.1B |
| Israel | €607M |
| Netherlands | €331M |
| France | €326M |
| Spain | €181M |
| Sweden | €168M |
| Switzerland | €132M |
| Russia | €119M |
| Finland | €76M |
| Other | €291M |
Geographic distribution
European countries shown · click a countryH2 2014 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH2 2014 — top sectors — interactive chart.
Data table
| H2 2014 — top sectors | |
|---|---|
| Software | €896M |
| Foodtech | €713M |
| Fintech | €656M |
| Telecom | €566M |
| Fashion | €565M |
| Healthtech | €542M |
| E-commerce | €536M |
| Marketing | €450M |
| Transportation | €318M |
| Travel | €260M |
Capital by sector
share of equityH2 2014 — capital by sector — interactive chart.
Data table
| H2 2014 — capital by sector | |
|---|---|
| Software | €896M |
| Foodtech | €713M |
| Fintech | €656M |
| Telecom | €566M |
| Fashion | €565M |
| Healthtech | €542M |
| E-commerce | €536M |
| Marketing | €450M |
| Other | €2.1B |
Stages
Funding by stage
total euro raised by round typeH2 2014 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €248M |
| Series A | €742M |
| Series B | €903M |
| Series C | €521M |
| Series D+ | €823M |
| Early VC | €169M |
| Growth/Late | €1.3B |
| Debt | €185M |
| Grant | €2.4M |
| Crowdfunding | €0 |
| Other | €550M |
Exits
Exit activity
87
exits recorded
€13B
combined disclosed value
Exits breakdown
by typeH2 2014 — exits by type — interactive chart.
Data table
| H2 2014 — exits by type | |
|---|---|
| Acquisition | 76 |
| Buyout | 4 |
| Merger | 4 |
| IPO | 3 |