European startup funding H1 2015
Half-year report · 2015-01-01 – 2015-06-30 · vs H2 2014
Half-year
Summary
auto-generatedIn H1 2015, 1,291 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €7.4B, up 41.8% versus H2 2014. Debt rounds added a further €129M.
Deal count moved +23.2% versus H2 2014, with 826 named investors participating.
UK led by equity raised with €1.9B (26.2% of equity).
E-commerce was the most-funded sector at €1.5B in equity (20.0%).
The ten largest rounds accounted for 29.8% of disclosed capital, led by Delivery Hero's €496M.
337 exits were recorded this half-year worth a combined €36B.
Equity funding
€7.4B
▲ +41.8%excl. debt & grants · +€129M debt
Funding rounds
1,291
▲ +23.2%Companies funded
1,224
▲ +21.3%Named investors
826
▲ +24.4%Exits
337
▲ +287.4%Leading country
€1.9B
26.2% of equity
Leading sector
€1.5B
20.0% of equity
Provenance: 83% of 1,291 rounds disclosed an amount · 17% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.47%
Methodology →Investments
Funding within H1 2015
by monthFunding within H1 2015 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €1.0B | 245 |
| Feb | €1.5B | 207 |
| Mar | €892M | 241 |
| Apr | €1.2B | 189 |
| May | €892M | 179 |
| Jun | €2.1B | 230 |
Biggest deals
top 10 by amount- 1Delivery HeroSeries D+ · Germany · Feb 2015€496M
- 2SpotifySeries D+ · Sweden · Jun 2015€479M
- 3OneWebSeries A · UK · Jun 2015€456M
- 4INFINIDATSeries B · Israel · Apr 2015€139M
- 5Funding CircleSeries D+ · UK · Apr 2015€139M
- 6Home24Growth/Late · Germany · Jun 2015€120M
- 7HelloFreshSeries D+ · Germany · Feb 2015€110M
- 8Auto1 GroupSeries D+ · Germany · Apr 2015€109M
- 9FoodpandaSeries D+ · Germany · Mar 2015€104M
- 10SIGFOXSeries D+ · France · Feb 2015€102M
Concentration
top 10 deals29.8%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.3B
Period total
€7.6B
Countries
Top countries
equity raisedH1 2015 — top countries — interactive chart.
Data table
| H1 2015 — top countries | |
|---|---|
| UK | €1.9B |
| Germany | €1.9B |
| Israel | €884M |
| Sweden | €673M |
| France | €612M |
| Spain | €216M |
| Switzerland | €196M |
| Netherlands | €157M |
| Denmark | €142M |
| Italy | €129M |
Capital by country
share of equityH1 2015 — capital by country — interactive chart.
Data table
| H1 2015 — capital by country | |
|---|---|
| UK | €1.9B |
| Germany | €1.9B |
| Israel | €884M |
| Sweden | €673M |
| France | €612M |
| Spain | €216M |
| Switzerland | €196M |
| Netherlands | €157M |
| Denmark | €142M |
| Italy | €129M |
| Other | €596M |
Geographic distribution
European countries shown · click a countryH1 2015 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedH1 2015 — top sectors — interactive chart.
Data table
| H1 2015 — top sectors | |
|---|---|
| E-commerce | €1.5B |
| Software | €1.1B |
| Foodtech | €1.0B |
| Media | €1.0B |
| Fintech | €781M |
| Telecom | €711M |
| Marketing | €551M |
| Healthtech | €482M |
| Consumer | €478M |
| Cybersecurity | €409M |
Capital by sector
share of equityH1 2015 — capital by sector — interactive chart.
Data table
| H1 2015 — capital by sector | |
|---|---|
| E-commerce | €1.5B |
| Software | €1.1B |
| Foodtech | €1.0B |
| Media | €1.0B |
| Fintech | €781M |
| Telecom | €711M |
| Marketing | €551M |
| Healthtech | €482M |
| Other | €3.1B |
Stages
Funding by stage
total euro raised by round typeH1 2015 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €370k |
| Seed | €460M |
| Series A | €1.2B |
| Series B | €946M |
| Series C | €615M |
| Series D+ | €2.4B |
| Early VC | €321M |
| Growth/Late | €1.0B |
| Debt | €129M |
| Grant | €9.4M |
| Crowdfunding | €640k |
| Other | €440M |
Exits
Exit activity
337
exits recorded
€36B
combined disclosed value
Exits breakdown
by typeH1 2015 — exits by type — interactive chart.
Data table
| H1 2015 — exits by type | |
|---|---|
| Acquisition | 294 |
| Buyout | 16 |
| IPO | 15 |
| Merger | 12 |