E-commerce funding in 2014
European E-commerce startup funding raised during 2014.
In 2014, 143 European E-commerce companies closed 169 funding rounds and raised €1.1B in equity funding (excluding debt and grants). Debt rounds added €6.1M. Germany led by capital raised, and DN Capital was the most active investor. Data as of 6 Nov 2026.
Equity funding
€1.1B
excl. debt & grants · +€6.1M debt
Funding rounds
169
Companies
143
Top country
Germany
E-commerce: last three years
change vs the year before| Year | Equity | Change | Rounds | Change | Debt |
|---|---|---|---|---|---|
| 2012 | €375M | +26.8% | 92 | +67.3% | — |
| 2013 | €230M | -38.7% | 129 | +40.2% | — |
| 2014 | €1.1B | +385.9% | 169 | +31.0% | €6.1M |
Rank among sectors
#3
8.6% of sector funding
Debt financing
€6.1M
0.5% of total
Top-10 round share
68.5%
of disclosed capital
Rounds ≥ €100M
2
Funding by month
€ raised vs rounds, by monthE-commerce — funding by month, 2014 — interactive chart.
Data table
| Funding | Rounds | |
|---|---|---|
| Jan | €94M | 22 |
| Feb | €38M | 11 |
| Mar | €54M | 18 |
| Apr | €326M | 14 |
| May | €22M | 11 |
| Jun | €52M | 22 |
| Jul | €36M | 12 |
| Aug | €47M | 5 |
| Sep | €293M | 17 |
| Oct | €31M | 7 |
| Nov | €68M | 17 |
| Dec | €63M | 13 |
Top countries
by € raisedE-commerce — top countries by capital, 2014 — interactive chart.
Data table
| E-commerce — top countries by capital, 2014 | |
|---|---|
| Germany | €577M |
| UK | €129M |
| Russia | €120M |
| Netherlands | €115M |
| Spain | €63M |
| France | €36M |
| Sweden | €22M |
| Denmark | €12M |
Stage mix
by € raisedE-commerce — stage mix, 2014 — interactive chart.
Data table
| E-commerce — stage mix, 2014 | |
|---|---|
| Series D+ | €450M |
| Series B | €209M |
| Growth/Late | €203M |
| Series A | €75M |
| Series C | €60M |
| Early VC | €48M |
| Seed | €37M |
| Other | €34M |
| Debt | €6.1M |
| Grant | €360k |
Exits & M&A
17 Acquisition · 1 Merger18 exits · €1.2B disclosed.
| Yemeksepeti | Acquisition | Oct 2014 | €535M |
| uSwitch | Acquisition | Nov 2014 | €192M |
| Verivox | Acquisition | Nov 2014 | €170M |
| Wahanda | Acquisition | Oct 2014 | €155M |
| Easyvoyage | Acquisition | Dec 2014 | €40M |
| Treatwell | Acquisition | Nov 2014 | €35M |
Largest equity rounds
by disclosed amount, 2014| Company | Stage | Date | Amount |
|---|---|---|---|
| Delivery Hero | Series D+ | Sep 2014 | €265M |
| Ozon | Growth/Late | Apr 2014 | €109M |
| Takeaway.com | Series B | Apr 2014 | €75M |
| Westwing Home & Living | Growth/Late | Apr 2014 | €72M |
| Delivery Hero | Series D+ | Jan 2014 | €64M |
| Delivery Hero | Series D+ | Apr 2014 | €62M |
| Foodpanda | Series D+ | Aug 2014 | €45M |
| Wallapop | Series B | Dec 2014 | €38M |
| Wahanda | Series C | Oct 2014 | €21M |
| YPlan | Series B | Nov 2014 | €19M |
Largest debt rounds
debt financing, 2014; not in the equity total| Company | Stage | Date | Amount |
|---|---|---|---|
| Momondo Group | Debt | Jun 2014 | €6.1M |
Top investors
most active in 2014, by deal count- DN Capital7 deals
- Accel6 deals
- Wayra5 deals
- Creandum4 deals
- Kima Ventures4 deals
- Rocket Internet SE4 deals
- Crowdcube3 deals
- Insight Partners3 deals
- Kerala Ventures3 deals
- LVenture Group3 deals
Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology