European startup funding Q2 2015
Quarterly report · 2015-04-01 – 2015-06-30 · vs Q1 2015
Quarterly
Summary
auto-generatedIn Q2 2015, 598 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.1B, up 23.1% versus Q1 2015. Debt rounds added a further €80M.
Deal count moved -13.7% versus Q1 2015, with 515 named investors participating.
UK led by equity raised with €1.2B (30.4% of equity).
Media was the most-funded sector at €752M in equity (18.4%).
The ten largest rounds accounted for 43.4% of disclosed capital, led by Spotify's €479M.
174 exits were recorded this quarter worth a combined €9.3B.
Equity funding
€4.1B
▲ +23.1%excl. debt & grants · +€80M debt
Funding rounds
598
▼ -13.7%Companies funded
586
▼ -13.3%Named investors
515
▲ +4.0%Exits
174
▲ +6.7%Provenance: 85% of 598 rounds disclosed an amount · 17% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.26%
Methodology →Investments
Funding within Q2 2015
by monthFunding within Q2 2015 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €1.2B | 189 |
| May | €892M | 179 |
| Jun | €2.1B | 230 |
Biggest deals
top 10 by amount- 1SpotifySeries D+ · Sweden · Jun 2015€479M
- 2OneWebSeries A · UK · Jun 2015€456M
- 3INFINIDATSeries B · Israel · Apr 2015€139M
- 4Funding CircleSeries D+ · UK · Apr 2015€139M
- 5Home24Growth/Late · Germany · Jun 2015€120M
- 6Auto1 GroupSeries D+ · Germany · Apr 2015€109M
- 7Delivery HeroGrowth/Late · Germany · Jun 2015€100M
- 8FoodpandaSeries D+ · Germany · Apr 2015€93M
- 9WallapopSeries C · Spain · May 2015€89M
- 10UNFRAUDSeed · Italy · May 2015€89M
Concentration
top 10 deals43.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.8B
Period total
€4.2B
Countries
Top countries
equity raisedQ2 2015 — top countries — interactive chart.
Data table
| Q2 2015 — top countries | |
|---|---|
| UK | €1.2B |
| Germany | €659M |
| Sweden | €595M |
| Israel | €502M |
| France | €307M |
| Spain | €160M |
| Italy | €108M |
| Denmark | €98M |
| Switzerland | €93M |
| Ireland | €90M |
Capital by country
share of equityQ2 2015 — capital by country — interactive chart.
Data table
| Q2 2015 — capital by country | |
|---|---|
| UK | €1.2B |
| Germany | €659M |
| Sweden | €595M |
| Israel | €502M |
| France | €307M |
| Spain | €160M |
| Italy | €108M |
| Denmark | €98M |
| Switzerland | €93M |
| Ireland | €90M |
| Other | €234M |
Geographic distribution
European countries shown · click a countryQ2 2015 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2015 — top sectors — interactive chart.
Data table
| Q2 2015 — top sectors | |
|---|---|
| Media | €752M |
| E-commerce | €679M |
| Software | €607M |
| Telecom | €520M |
| Fintech | €403M |
| Healthtech | €301M |
| Consumer | €258M |
| Cybersecurity | €249M |
| Marketing | €247M |
| Foodtech | €224M |
Capital by sector
share of equityQ2 2015 — capital by sector — interactive chart.
Data table
| Q2 2015 — capital by sector | |
|---|---|
| Media | €752M |
| E-commerce | €679M |
| Software | €607M |
| Telecom | €520M |
| Fintech | €403M |
| Healthtech | €301M |
| Consumer | €258M |
| Cybersecurity | €249M |
| Other | €1.6B |
Stages
Funding by stage
total euro raised by round typeQ2 2015 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €370k |
| Seed | €281M |
| Series A | €887M |
| Series B | €564M |
| Series C | €308M |
| Series D+ | €1.1B |
| Early VC | €225M |
| Growth/Late | €694M |
| Debt | €80M |
| Grant | €7.5M |
| Crowdfunding | €200k |
| Other | €39M |
Exits
Exit activity
174
exits recorded
€9.3B
combined disclosed value
Exits breakdown
by typeQ2 2015 — exits by type — interactive chart.
Data table
| Q2 2015 — exits by type | |
|---|---|
| Acquisition | 155 |
| Buyout | 10 |
| IPO | 5 |
| Merger | 4 |