European startup funding Q1 2015
Quarterly report · 2015-01-01 – 2015-03-31 · vs Q4 2014
Quarterly
Summary
auto-generatedIn Q1 2015, 693 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.3B, up 51.1% versus Q4 2014. Debt rounds added a further €49M.
Deal count moved +36.4% versus Q4 2014, with 495 named investors participating.
Germany led by equity raised with €1.2B (36.4% of equity).
Foodtech was the most-funded sector at €810M in equity (24.4%).
The ten largest rounds accounted for 36.0% of disclosed capital, led by Delivery Hero's €496M.
163 exits were recorded this quarter worth a combined €27B.
Equity funding
€3.3B
▲ +51.1%excl. debt & grants · +€49M debt
Funding rounds
693
▲ +36.4%Companies funded
676
▲ +34.9%Named investors
495
▲ +14.6%Exits
163
▲ +254.3%Provenance: 82% of 693 rounds disclosed an amount · 16% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -3.33%
Methodology →Investments
Funding within Q1 2015
by monthFunding within Q1 2015 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Jan | €1.0B | 245 |
| Feb | €1.5B | 207 |
| Mar | €892M | 241 |
Biggest deals
top 10 by amount- 1Delivery HeroSeries D+ · Germany · Feb 2015€496M
- 2HelloFreshSeries D+ · Germany · Feb 2015€110M
- 3FoodpandaSeries D+ · Germany · Mar 2015€104M
- 4SIGFOXSeries D+ · France · Feb 2015€102M
- 5ZepzSeries B · UK · Feb 2015€88M
- 6Verne GlobalSeries D+ · UK · Jan 2015€81M
- 7FarfetchSeries D+ · UK · Feb 2015€78M
- 8Believe DigitalOther · France · Feb 2015€53M
- 9Delivery HeroSeries D+ · Germany · Mar 2015€52M
- 10TTTechGrowth/Late · Austria · Mar 2015€50M
Concentration
top 10 deals36.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.2B
Period total
€3.4B
Countries
Top countries
equity raisedQ1 2015 — top countries — interactive chart.
Data table
| Q1 2015 — top countries | |
|---|---|
| Germany | €1.2B |
| UK | €697M |
| Israel | €383M |
| France | €305M |
| Switzerland | €103M |
| Netherlands | €97M |
| Estonia | €82M |
| Sweden | €77M |
| Austria | €60M |
| Spain | €56M |
Capital by country
share of equityQ1 2015 — capital by country — interactive chart.
Data table
| Q1 2015 — capital by country | |
|---|---|
| Germany | €1.2B |
| UK | €697M |
| Israel | €383M |
| France | €305M |
| Switzerland | €103M |
| Netherlands | €97M |
| Estonia | €82M |
| Sweden | €77M |
| Austria | €60M |
| Spain | €56M |
| Other | €255M |
Geographic distribution
European countries shown · click a countryQ1 2015 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ1 2015 — top sectors — interactive chart.
Data table
| Q1 2015 — top sectors | |
|---|---|
| Foodtech | €810M |
| E-commerce | €807M |
| Software | €455M |
| Fintech | €378M |
| Marketing | €304M |
| Media | €245M |
| Consumer | €220M |
| Telecom | €191M |
| Fashion | €190M |
| Healthtech | €182M |
Capital by sector
share of equityQ1 2015 — capital by sector — interactive chart.
Data table
| Q1 2015 — capital by sector | |
|---|---|
| Foodtech | €810M |
| E-commerce | €807M |
| Software | €455M |
| Fintech | €378M |
| Marketing | €304M |
| Media | €245M |
| Consumer | €220M |
| Telecom | €191M |
| Other | €1.4B |
Stages
Funding by stage
total euro raised by round typeQ1 2015 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Seed | €179M |
| Series A | €335M |
| Series B | €383M |
| Series C | €307M |
| Series D+ | €1.3B |
| Early VC | €96M |
| Growth/Late | €327M |
| Debt | €49M |
| Grant | €1.8M |
| Crowdfunding | €440k |
| Other | €400M |
Exits
Exit activity
163
exits recorded
€27B
combined disclosed value
Exits breakdown
by typeQ1 2015 — exits by type — interactive chart.
Data table
| Q1 2015 — exits by type | |
|---|---|
| Acquisition | 139 |
| IPO | 10 |
| Merger | 8 |
| Buyout | 6 |