European startup funding Q3 2014
Quarterly report · 2014-07-01 – 2014-09-30 · vs Q2 2014
Quarterly
Summary
auto-generatedIn Q3 2014, 540 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.0B, up 38.9% versus Q2 2014. Debt rounds added a further €163M.
Deal count moved -7.5% versus Q2 2014, with 369 named investors participating.
UK led by equity raised with €1.2B (39.9% of equity).
Foodtech was the most-funded sector at €693M in equity (22.9%).
The ten largest rounds accounted for 54.4% of disclosed capital, led by Helios Towers Africa's €461M.
41 exits were recorded this quarter worth a combined €540M.
Equity funding
€3.0B
▲ +38.9%excl. debt & grants · +€163M debt
Funding rounds
540
▼ -7.5%Companies funded
528
▼ -7.9%Named investors
369
▲ +3.9%Exits
41
▼ -25.5%Provenance: 83% of 540 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -15.28%
Methodology →Investments
Funding within Q3 2014
by monthFunding within Q3 2014 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jul | €1.2B | 189 |
| Aug | €901M | 148 |
| Sep | €1.1B | 203 |
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
- 44financeDebt · Latvia · Sep 2014€155M
- 5The Hut GroupGrowth/Late · UK · Jul 2014€125M
- 6Gett (GetTaxi)Series D+ · Israel · Aug 2014€112M
- 7AdaptimmuneSeries A · UK · Sep 2014€79M
- 8BlaBlaCarSeries C · France · Jul 2014€73M
- 9VirtusOther · UK · Sep 2014€70M
- 10BiocartisSeries D+ · Switzerland · Sep 2014€65M
Concentration
top 10 deals54.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.7B
Period total
€3.2B
Countries
Top countries
equity raisedQ3 2014 — top countries — interactive chart.
Data table
| Q3 2014 — top countries | |
|---|---|
| UK | €1.2B |
| Germany | €835M |
| Israel | €344M |
| France | €122M |
| Spain | €110M |
| Russia | €97M |
| Switzerland | €81M |
| Sweden | €68M |
| Netherlands | €49M |
| Finland | €39M |
Capital by country
share of equityQ3 2014 — capital by country — interactive chart.
Data table
| Q3 2014 — capital by country | |
|---|---|
| UK | €1.2B |
| Germany | €835M |
| Israel | €344M |
| France | €122M |
| Spain | €110M |
| Russia | €97M |
| Switzerland | €81M |
| Sweden | €68M |
| Netherlands | €49M |
| Finland | €39M |
| Other | €76M |
Geographic distribution
European countries shown · click a countryQ3 2014 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ3 2014 — top sectors — interactive chart.
Data table
| Q3 2014 — top sectors | |
|---|---|
| Foodtech | €693M |
| Fashion | €497M |
| Telecom | €476M |
| E-commerce | €375M |
| Software | €325M |
| Transportation | €283M |
| Healthtech | €244M |
| Marketing | €223M |
| Travel | €178M |
| Fintech | €173M |
Capital by sector
share of equityQ3 2014 — capital by sector — interactive chart.
Data table
| Q3 2014 — capital by sector | |
|---|---|
| Foodtech | €693M |
| Fashion | €497M |
| Telecom | €476M |
| E-commerce | €375M |
| Software | €325M |
| Transportation | €283M |
| Healthtech | €244M |
| Marketing | €223M |
| Other | €1.2B |
Stages
Funding by stage
total euro raised by round typeQ3 2014 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €116M |
| Series A | €454M |
| Series B | €207M |
| Series C | €229M |
| Series D+ | €731M |
| Early VC | €61M |
| Growth/Late | €1.0B |
| Debt | €163M |
| Grant | €1.5M |
| Crowdfunding | €0 |
| Other | €205M |
Exits
Exit activity
41
exits recorded
€540M
combined disclosed value
Exits breakdown
by typeQ3 2014 — exits by type — interactive chart.
Data table
| Q3 2014 — exits by type | |
|---|---|
| Acquisition | 38 |
| Buyout | 3 |