European startup funding Q1 2014
Quarterly report · 2014-01-01 – 2014-03-31 · vs Q4 2013
Quarterly
Summary
auto-generatedIn Q1 2014, 613 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €1.9B, up 32.7% versus Q4 2013. Debt rounds added a further €23M.
Deal count moved +21.1% versus Q4 2013, with 429 named investors participating.
UK led by equity raised with €698M (36.2% of equity).
Fintech was the most-funded sector at €506M in equity (26.2%).
The ten largest rounds accounted for 32.5% of disclosed capital, led by Monitise's €152M.
40 exits were recorded this quarter worth a combined €110M.
Equity funding
€1.9B
▲ +32.7%excl. debt & grants · +€23M debt
Funding rounds
613
▲ +21.1%Companies funded
595
▲ +20.2%Named investors
429
▲ +23.3%Exits
40
▲ +5.3%Provenance: 84% of 613 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -18.68%
Methodology →Investments
Funding within Q1 2014
by monthFunding within Q1 2014 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €652M | 238 |
| Feb | €502M | 164 |
| Mar | €801M | 211 |
Biggest deals
top 10 by amount- 1MonitiseOther · UK · Mar 2014€152M
- 2KlarnaGrowth/Late · Sweden · Mar 2014€90M
- 3borroSeries D+ · UK · Mar 2014€81M
- 4Delivery HeroSeries D+ · Germany · Jan 2014€64M
- 5HoccerOther · Germany · Mar 2014€50M
- 6NovImmuneSeries D+ · Switzerland · Feb 2014€49M
- 7SoundCloudSeries D+ · Germany · Jan 2014€44M
- 8Avantium TechnologiesGrowth/Late · Netherlands · Jan 2014€36M
- 9HailoSeries C · UK · Jan 2014€36M
- 10KalturaSeries D+ · Israel · Feb 2014€35M
Concentration
top 10 deals32.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€636M
Period total
€2.0B
Countries
Top countries
equity raisedQ1 2014 — top countries — interactive chart.
Data table
| Q1 2014 — top countries | |
|---|---|
| UK | €698M |
| Germany | €272M |
| Israel | €220M |
| Sweden | €144M |
| France | €131M |
| Netherlands | €87M |
| Switzerland | €73M |
| Ireland | €65M |
| Russia | €38M |
| Denmark | €29M |
Capital by country
share of equityQ1 2014 — capital by country — interactive chart.
Data table
| Q1 2014 — capital by country | |
|---|---|
| UK | €698M |
| Germany | €272M |
| Israel | €220M |
| Sweden | €144M |
| France | €131M |
| Netherlands | €87M |
| Switzerland | €73M |
| Ireland | €65M |
| Russia | €38M |
| Denmark | €29M |
| Other | €172M |
Geographic distribution
European countries shown · click a countryQ1 2014 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2014 — top sectors — interactive chart.
Data table
| Q1 2014 — top sectors | |
|---|---|
| Fintech | €506M |
| Software | €422M |
| Marketing | €285M |
| Media | €242M |
| E-commerce | €186M |
| Healthtech | €157M |
| Foodtech | €101M |
| Travel | €90M |
| Fashion | €80M |
| Cleantech | €67M |
Capital by sector
share of equityQ1 2014 — capital by sector — interactive chart.
Data table
| Q1 2014 — capital by sector | |
|---|---|
| Fintech | €506M |
| Software | €422M |
| Marketing | €285M |
| Media | €242M |
| E-commerce | €186M |
| Healthtech | €157M |
| Foodtech | €101M |
| Travel | €90M |
| Other | €542M |
Stages
Funding by stage
total euro raised by round typeQ1 2014 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €136M |
| Series A | €194M |
| Series B | €194M |
| Series C | €220M |
| Series D+ | €359M |
| Early VC | €136M |
| Growth/Late | €308M |
| Debt | €23M |
| Grant | €2.5M |
| Crowdfunding | €0 |
| Other | €382M |
Exits
Exit activity
40
exits recorded
€110M
combined disclosed value
Exits breakdown
by typeQ1 2014 — exits by type — interactive chart.
Data table
| Q1 2014 — exits by type | |
|---|---|
| Acquisition | 40 |