European startup funding Q4 2014
Quarterly report · 2014-10-01 – 2014-12-31 · vs Q3 2014
Quarterly
Summary
auto-generatedIn Q4 2014, 508 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €2.2B, down 27.4% versus Q3 2014. Debt rounds added a further €22M.
Deal count moved -5.9% versus Q3 2014, with 432 named investors participating.
UK led by equity raised with €717M (32.6% of equity).
Software was the most-funded sector at €571M in equity (25.9%).
The ten largest rounds accounted for 33.0% of disclosed capital, led by Adyen's €200M.
46 exits were recorded this quarter worth a combined €12B.
Equity funding
€2.2B
▼ -27.4%excl. debt & grants · +€22M debt
Funding rounds
508
▼ -5.9%Companies funded
501
▼ -5.1%Named investors
432
▲ +17.1%Exits
46
▲ +12.2%Provenance: 85% of 508 rounds disclosed an amount · 0% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -9.78%
Methodology →Investments
Funding within Q4 2014
by monthFunding within Q4 2014 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Oct | €624M | 183 |
| Nov | €791M | 161 |
| Dec | €809M | 164 |
Biggest deals
top 10 by amount- 1AdyenSeries B · Netherlands · Dec 2014€200M
- 2BuyapowaOther · UK · Nov 2014€72M
- 3euNetworksOther · UK · Oct 2014€70M
- 4Powa TechnologiesSeries C · UK · Nov 2014€64M
- 5PowaTAGSeries B · UK · Nov 2014€64M
- 6Cell MedicaSeries B · UK · Nov 2014€64M
- 7Blue YonderGrowth/Late · Germany · Dec 2014€60M
- 8Ascendis PharmaSeries C · Denmark · Dec 2014€48M
- 9TruecallerSeries C · Sweden · Oct 2014€48M
- 10PreziGrowth/Late · Hungary · Nov 2014€45M
Concentration
top 10 deals33.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€735M
Period total
€2.2B
Countries
Top countries
equity raisedQ4 2014 — top countries — interactive chart.
Data table
| Q4 2014 — top countries | |
|---|---|
| UK | €717M |
| Netherlands | €282M |
| Israel | €263M |
| Germany | €239M |
| France | €203M |
| Sweden | €100M |
| Spain | €71M |
| Denmark | €54M |
| Switzerland | €51M |
| Hungary | €45M |
Capital by country
share of equityQ4 2014 — capital by country — interactive chart.
Data table
| Q4 2014 — capital by country | |
|---|---|
| UK | €717M |
| Netherlands | €282M |
| Israel | €263M |
| Germany | €239M |
| France | €203M |
| Sweden | €100M |
| Spain | €71M |
| Denmark | €54M |
| Switzerland | €51M |
| Hungary | €45M |
| Other | €174M |
Geographic distribution
European countries shown · click a countryQ4 2014 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2014 — top sectors — interactive chart.
Data table
| Q4 2014 — top sectors | |
|---|---|
| Software | €571M |
| Fintech | €483M |
| Healthtech | €297M |
| Marketing | €228M |
| E-commerce | €162M |
| Cleantech | €107M |
| Consumer | €97M |
| Telecom | €90M |
| Energy | €84M |
| Travel | €81M |
Capital by sector
share of equityQ4 2014 — capital by sector — interactive chart.
Data table
| Q4 2014 — capital by sector | |
|---|---|
| Software | €571M |
| Fintech | €483M |
| Healthtech | €297M |
| Marketing | €228M |
| E-commerce | €162M |
| Cleantech | €107M |
| Consumer | €97M |
| Telecom | €90M |
| Other | €700M |
Stages
Funding by stage
total euro raised by round typeQ4 2014 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €132M |
| Series A | €288M |
| Series B | €697M |
| Series C | €292M |
| Series D+ | €93M |
| Early VC | €108M |
| Growth/Late | €248M |
| Debt | €22M |
| Grant | €859k |
| Crowdfunding | €0 |
| Other | €345M |
Exits
Exit activity
46
exits recorded
€12B
combined disclosed value
Exits breakdown
by typeQ4 2014 — exits by type — interactive chart.
Data table
| Q4 2014 — exits by type | |
|---|---|
| Acquisition | 38 |
| Merger | 4 |
| IPO | 3 |
| Buyout | 1 |