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2017 Q1 European Venture Capital Report April 2017

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Page 1: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

2017 Q1 European Venture Capital Report

April 2017

Page 2: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

€ 0.8B

€ 1.3B € 1.2B € 1.2B€ 1.0B

€ 1.4B€ 1.2B

€ 1.8B€ 2.0B

€ 2.4B

€ 3.0B

€ 2.3B

€ 3.5B € 3.6B

€ 4.1B

€ 3.5B

€ 4.8B€ 4.5B

€ 3.7B

€ 4.3B€ 4.5B

360 312 328

356

414

484

537 542 570

614 571

530

702

649

710

821

962 926

868

996

881

€ 0.0B

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2012 2013 2014 2015 2016 2017

Amount raised (€M) Seed rounds Series A, B, C, early rounds Late rounds Total number of rounds

€4.5 billion raised by European companies in Q1 2017,

which implies €18B on an annualised basis

2Source: Dealroom.co. Includes Israel. Excludes private equity, M&A and buyouts. More data on: https://app.dealroom.co/markets/countries/funding

-8% YoY

Page 3: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

In the last 12 months, €16.8B was raised, slightly lower

than the last 12 months as of Q4 2016

3Source: Dealroom.co. Includes Israel. Excludes private equity, M&A and buyouts. More data on: https://app.dealroom.co/markets/countries/funding

€ 4.4B € 4.6B € 4.7B € 4.7B€ 5.2B

€ 6.3B€ 7.3B

€ 9.7B€ 10.3B

€ 11.8B€ 13.0B € 13.5B

€ 14.7B

€ 16.1B€ 16.9B € 16.5B

€ 17.2B € 16.8B

1,355 1,408 1,581

1,791 1,978

2,133 2,263 2,295 2,281

2,410 2,437 2,573

2,862

3,128

3,406 3,565

3,742 3,635

€ 0.0B

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€ 10.0B

€ 15.0B

€ 20.0B

€ 25.0B

500

1,000

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2,000

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3,000

3,500

4,000

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 LTM

2013 LTM 2014 LTM 2015 LTM 2016 LTM 2017

Amount raised (€M) Seed rounds Series A, B, C, early rounds Late rounds Total number of rounds

Page 4: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

UK and Germany raised the largest amount of

venture capital, followed by France and Israel

4Source: Dealroom.co. Includes Israel. Excludes private equity, M&A and buyouts. More data on: https://app.dealroom.co/markets/countries/funding

UK Germany France Israel Sweden Rest of Europe

€0.7B

€0.8B

€1.2B

€1.0B

€1.1B

€0.7B

€0.9B

€0.7B

€1.0B

€1.2B

€0.7B

€0.4B

€0.4B

€0.8B

€0.4B€0.5B

€0.7B

€0.3B€0.3B

€0.6B

€0.3B

€0.7B

€0.4B

€0.8B

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€0.5B

€0.4B

€0.6B€0.5B

€0.9B

€0.7B

€0.6B

€0.1B

€0.6B

€0.2B

€0.1B

€1.1B

€0.2B

€0.1B

€0.2B

€0.3B

€0.7B€0.7B

€1.1B

€1.4B

€0.8B

€1.2B€1.3B

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17

-10% YoY 107% YoY -18% YoY +3% YoY -71% YoY +17% YoY

Notable mention: Spain already raised €330M in Q1 2017

Page 5: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

By number of rounds France leads in Europe again in

Q1 2017, continuing a remarkable rise since 2016

5Source: Dealroom.co. Includes Israel. Excludes private equity, M&A and buyouts. More data on: https://app.dealroom.co/markets/countries/funding

UK Germany France Israel Sweden Rest of Europe

82 74 74 74 67 67 58 48 48 31 28

59 49 63

44 27 21 12 24 32 22

36

79 87 57

83 69

26 15 15 20 19 11 7 8 7 16 25 22 32 65

49 38 47 25

171 153 163

189

224 191

163 144

113

54 50 52

68 61 54 72 84 71

49 29

39 47 38

46 50 49 71

28 31

28

40

47 48

73

108 124

28 37 31 46 44 47 50

30 36 10 11 16

21

18 22 42

59

47

87

80 90

101

113

127

130

208

139

13 22 25

26 27

25 16 19 22

20

8

15 6 26

13 20

9 14

8 8

12

6

16 7 10

15 12

10 6 8

11 5 11 6

5 9

3 5 3

7

11 12 6

10

10

37

28

31

39

40 59

39

48

27

149 146 151 168

155 146 146 151

141

100

65

113 102

127

103 97 79

97

60 71

62

82

142 142 140

206 205

64 58 54

77 68 69 63

43 52

29 41 41

60

94 83 86

116

82

295

261

284

329

377 377

332

400

279

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17 . 2015 2016 '17

Seed & angel rounds Series A, B, C & other early VC rounds Late VC rounds

France: - Over 200 rounds in Q1- Encouraging growth in series-A rounds

Page 6: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

European VC growing up: rise of larger seed rounds

and follow-on rounds, decline of small seed rounds

6Source: Dealroom.co.

640 584

1,100 rounds

336

248

108 60

200

400

600

800

1,000

1,200

2012 2013 2014 2015 2016 2017 Q1 (annualised)

Number of rounds (Europe incl. Israel)

€ 0M - 0.5M

€ 0.5M - 1M

€ 1M - 5M

€ 5M - 10M

€ 10M - 20M

€ 20M - 50M

€ 50M +

Increase of larger seed rounds €0.5-1.0M

Remarkable rise of €1-5M rounds

15 rounds of €50M+ in Q1 (60 annualised), a near

record (only 2015 Q3 had more: 18 €50+ rounds)

Decline of small seed rounds €0.0-0.5M

Page 7: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

Investments by industry vertical: enterprise software,

fintech, healthcare and transportation are in the lead

7Source: Dealroom.co. Includes Israel. Excludes private equity, M&A and buyouts. More data on: https://app.dealroom.co/markets/industries/overview

Capital invested (€ millions) Number of rounds Capital invested 2012-2016 (€ millions)

Industry vertical

Last 12

Months2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Enterprise software 3,132 810 752 547 655 1,177 767 264 197 187 188 195

Fintech 2,809 642 526 398 723 1,163 478 140 114 101 128 135

Healthcare 2,127 313 644 386 679 418 386 78 102 80 120 84

Transportation 1,448 171 542 226 427 254 252 74 58 67 77 50

Security 1,213 265 469 306 171 267 151 38 47 39 30 35

Travel 939 291 499 110 241 90 164 55 51 40 43 30

Fashion 815 41 482 133 99 99 103 21 24 31 30 18

Home 677 200 101 110 159 308 147 30 33 29 40 45

Food 662 131 56 294 159 153 142 43 38 30 36 38

Energy 533 92 137 124 181 90 116 30 24 27 34 31

Music 417 1,053 156 29 113 120 57 13 15 11 13 18

Hosting 355 – – 304 25 26 18 1 – 8 6 4

Jobs / recruitment 272 76 81 60 65 65 113 22 35 28 31 19

Gaming 216 104 45 69 58 45 97 18 22 28 25 22

Education 182 160 53 30 57 42 105 27 31 19 29 26

Real estate 161 94 57 41 12 51 69 23 28 18 9 14

Wellness 172 52 50 57 43 22 62 14 19 21 10 12

Sports 143 86 43 35 24 41 91 34 28 28 10 25

Events 69 7 5 24 29 11 49 11 14 11 16 8

Dating 5 3 5 – – – 3 3 1 – 1 1

Horizontals & other (overlap) (205) (273) 339 359 359 20 37 62 128 359

TOTAL 4,843 4,475 3,660 4,259 4,491 962 926 868 996 881

Page 8: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

Investments by business model: continued focus on

deep tech, marketplaces and subscription models

8Source: Dealroom.co. Includes Israel. Excludes private equity, M&A and buyouts. More data on: https://app.dealroom.co/markets/business-models/overview

Capital invested (€ millions) Number of rounds Capital invested 2012-2016 (€ millions)

Angle / problem solve 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Deep tech 2,144 823 606 464 709 365 489 151 154 127 129 79

Marketplace 2,191 234 750 580 262 600 374 90 118 110 83 63

Marketing 1,155 316 211 338 238 369 366 101 83 96 95 92

Directory 821 20 147 293 85 296 105 18 24 18 28 35

Content 716 117 131 188 230 167 240 65 72 50 63 55

InternetofThings 316 138 216 21 29 50 73 37 50 11 4 8

Semiconductors 365 46 42 90 184 49 39 7 10 10 12 7

Deal comparison 313 298 100 102 38 72 90 26 29 26 21 14

Consumer productivity 159 74 69 66 15 9 74 18 34 26 9 5

Other (overlap) 2,777 2,203 1,519 2,468 2,514 449 352 394 552 523

TOTAL 4,843 4,475 3,660 4,259 4,491 962 926 868 996 881

Revenue source 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Subscription 4,990 2,571 1,360 1,206 964 1,461 1,054 351 301 241 272 240

Commission 4,171 1,239 1,330 896 695 1,250 721 220 243 150 173 155

Manufacturing 3,159 581 951 519 1,276 414 518 138 144 122 174 78

eCommerce 2,160 737 852 359 289 661 314 114 97 77 67 73

Freemium 618 1,319 196 186 102 134 147 67 43 42 37 25

Classified listing 717 343 290 108 32 286 67 23 29 16 10 12

Advertising 265 32 73 40 30 121 74 32 25 18 15 16

Other (overlap) (1,980) (575) 345 871 164 17 44 202 248 282

TOTAL 4,843 4,475 3,660 4,259 4,491 962 926 868 996 881

End-user focus 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Consumer 7,407 2,946 2,431 1,520 1,615 1,842 1,623 436 467 394 418 344

Business 9,947 2,034 2,238 2,404 2,731 2,574 2,159 563 510 541 602 506

Page 9: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

The most active financial investors in Q1 2017

91. Rank based on overall size, activity, and performance in terms of exits and valuable portfolio companies. More info on https://blog.dealroom.co/the-top-100-most-prominent-vc-investors-in-europe/

Source: Dealroom.co. More data on: https://app.dealroom.co

Number of rounds by quarter By type of rounds in Q1 2017 By size of rounds in Q1 2017 By size of rounds in Q1 2017

Funds

Dealroom

Prominence

Rank (1)

Last 12

Months

2016

Q1

2016

Q2

2016

Q3

2016

Q4

2017

Q1 Angel Seed

Series

A

Series

B

Series

C

Other

VC

rounds €0-0.5M €0.5-1M €1-5M €5-10M €10-20M €20-50M >€50M

United

Kingdo

m

Germa

ny France

Other

Europe

Bpifrance #72 108 17 23 27 30 28 – 8 – 1 1 18 4 9 10 2 2 1 – – – 28 –

High-Tech Gründerfonds (HTGF) #26 43 10 13 8 11 11 – 3 1 – 2 5 – 1 2 1 – – – – 11 – –

Index Ventures #1 26 8 7 6 2 11 – 1 5 – 2 3 – – 1 2 3 2 1 1 3 3 4

Global Founders Capital #48 30 3 4 8 10 8 – 1 1 – – 6 1 – 2 2 1 – – 2 5 – 1

Kima Ventures #71 34 7 9 7 11 7 – 4 – – – 3 1 2 2 2 – – – 1 – 6 –

Scottish Investment Bank - Scottish Enterprise #145 20 3 6 4 3 7 – 1 2 – – 4 1 1 4 1 – – – 7 – – –

Creandum #21 14 3 1 4 2 7 – 1 – 1 – 5 – – 1 2 3 1 – – – – 7

Enterprise Ireland #111 31 10 6 11 8 6 – 1 1 – – 4 – 1 4 1 – – – – – – 6

Almi Invest #174 24 6 4 6 8 6 – 3 – – – 3 2 2 2 – – – – – – – 6

Localglobe #125 23 3 4 5 8 6 – 5 – – – 1 – 1 4 1 – – – 6 – – –

Seedcamp #93 21 5 5 6 4 6 – 3 2 – – 1 – 1 4 – 1 – – 4 1 – 1

Partech Ventures #17 17 7 3 2 6 6 – – 2 2 – 2 – 1 2 – 2 1 – – – 4 2

IDInvest Partners #16 17 6 4 4 3 6 – – – 3 – 3 – – 1 3 1 – 1 – 1 3 2

HV Holtzbrinck Ventures #2 16 6 4 4 2 6 – 1 1 1 – 3 – 1 1 1 3 – – 2 4 – –

BNP Paribas #131 17 2 – 6 5 6 – – – – – 6 – 1 3 – 1 – – – – 6 –

Internet Initiatives Develompent Fund - IIDF - FRII #527 15 – – 3 6 6 – 5 – – – 1 5 – 1 – – – – – – – 6

Invitalia Ventures #456 11 1 4 – 1 6 – 3 2 – – 1 1 2 3 – – – – 1 – – 5

Crowdcube #199 22 5 8 8 1 5 – 2 – – – 3 2 – 1 – 2 – – 4 – – 1

Bayern Kapital #339 19 2 6 6 2 5 – – – – 1 4 – 1 2 1 – – – – 5 – –

Northzone #3 17 3 3 7 2 5 – – 2 – – 3 – – – – 5 – – – – – 5

Xavier Niel #38 16 3 5 3 3 5 – – – – – 5 – 1 3 – – 1 – – 1 4 –

Microsoft #68 10 8 1 4 – 5 1 1 – 1 – 3 1 – 2 – 1 – – 2 – – 3

Rocket Internet SE #8 14 4 5 3 1 5 – 1 – – – 4 – 2 1 – – – 1 2 3 – –

B-to-V Partners #65 13 3 4 2 2 5 – 1 – 2 – 2 – – – 3 1 – – – 3 – 2

Seventure Partners #126 13 3 2 2 4 5 – 1 1 – – 3 – – 4 1 – – – – – 5 –

Digital Ventures #1,681 11 4 3 1 2 5 – – 1 – 1 3 – – 3 – 1 1 – 1 – 2 2

Breega Capital #463 8 – – 1 2 5 – – – – – 5 – 2 3 – – – – – – 4 1

Auden #594 8 – 1 1 1 5 – – 1 – – 4 – – 2 1 – – – – 5 – –

Octopus Ventures #482 6 – – – 1 5 – 1 2 1 – 1 – – 1 3 1 – – 4 – – 1

Ribbit Capital #347 6 – – – 1 5 – – 2 – 1 2 – – – 2 – 1 1 3 2 – –

500 Startups #105 26 4 6 7 9 4 1 1 – – – 3 – 2 2 – – – – 2 2 – –

Speedinvest #138 19 6 9 4 2 4 – 1 1 – – 2 – 1 2 – – – – – 2 – 2

Seed Capital Denmark #151 18 6 3 6 5 4 – 3 – – – 1 – 3 – – – – – – – – 4

Point Nine Capital #70 17 5 6 3 4 4 – 2 – – – 2 – 1 – 1 – – – 1 2 – 1

Balderton Capital #9 16 6 3 6 3 4 – – 1 – – 3 – – – 3 1 – – 1 1 – 2

TA Ventures #252 15 3 4 5 2 4 – 2 – – – 2 2 – 1 – 1 – – 1 – – 3

Accel Partners #6 12 5 5 – 3 4 – 1 – 1 2 – – – 1 1 – 1 1 1 1 1 1

LVenture Group #325 15 2 2 8 1 4 – 4 – – – – 3 1 – – – – – – – – 4

AXA #2,138 13 3 2 4 3 4 – 3 – – – 1 – 2 1 – – – – – – 2 2

IBB Beteiligungsgesellschaft #162 10 6 2 3 1 4 – – 3 – – 1 – 1 1 1 – – – – 4 – –

DN Capital #24 13 3 3 4 2 4 – 1 2 – – 1 – – – 3 – – – 1 3 – –

Horizon 2020 #404 14 – 4 1 5 4 – – – – – 4 – – 4 – – – – – – – 4

Page 10: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

The most active corporate investors in Q1 2017

101. Rank based on overall size, activity, and performance in terms of exits and valuable portfolio companies. More info on https://blog.dealroom.co/the-top-100-most-prominent-vc-investors-in-europe/

Source: Dealroom.co. More data on: https://app.dealroom.co

Number of rounds by quarter By type of rounds in Q1 2017 By size of rounds in Q1 2017 By size of rounds in Q1 2017

Corporate investors

Dealroom

Prominence

Rank (1)

Last 12

Months

2016

Q1

2016

Q2

2016

Q3

2016

Q4

2017

Q1 Angel Seed

Series

A

Series

B

Series

C

Other

VC

rounds €0-0.5M €0.5-1M €1-5M €5-10M €10-20M €20-50M >€50M

United

Kingdo

m

Germa

ny France

Other

Europe

BNP Paribas #131 17 2 – 6 5 6 – – – – – 6 – 1 3 – 1 – – – – 6 –

Microsoft #68 10 8 1 4 – 5 1 1 – 1 – 3 1 – 2 – 1 – – 2 – – 3

Rocket Internet SE #8 14 4 5 3 1 5 – 1 – – – 4 – 2 1 – – – 1 2 3 – –

Digital Ventures #1,681 11 4 3 1 2 5 – – 1 – 1 3 – – 3 – 1 1 – 1 – 2 2

AXA #2,138 13 3 2 4 3 4 – 3 – – – 1 – 2 1 – – – – – – 2 2

Credit Mutuel Arkea #234 8 1 – 3 1 4 – – – – – 4 – – 3 – – – – – – 4 –

Sky #1,013 7 1 – 2 1 4 – 2 1 – – 1 1 1 1 – – – – 1 – – 3

Caisse d'Epargne #675 6 – – 1 1 4 – 2 – – – 2 1 2 1 – – – – – – 4 –

Factory #6,697 11 1 3 3 2 3 – – – – – 3 – 2 1 – – – – – – 2 1

EVO #5,922 8 4 1 3 1 3 – 1 – 1 – 1 – – 1 1 – – – – 1 – 2

Orange #166 7 5 2 1 1 3 – – – – 1 2 – – – 1 1 1 – 2 – 1 –

Uber #1,094 10 – – 6 1 3 – 2 – – – 1 – 1 – 1 – – – – 2 1 –

Reda #2,353 7 1 1 2 1 3 – 1 – – – 2 – – 1 2 – – – – 3 – –

Microsoft Ventures #206 7 1 – 4 – 3 1 – – – – 3 1 – 1 – – – – 1 – – 2

Qualcomm Ventures #50 5 3 1 1 – 3 – – – 2 – 1 – – – – 2 – – – – – 3

Iris Capital #118 5 – 2 – – 3 – – 1 1 – 1 – 1 – 1 1 – – – 1 1 1

Daimler #222 5 – – 1 1 3 – 1 – – – 2 – – 1 – 1 – – 2 1 – –

SNCF #344 5 – – – 2 3 – – 1 1 – 1 – – 1 1 1 – – – – 3 –

Barclays #122 4 – – – 1 3 – 1 – – – 2 – 1 1 – 1 – – 3 – – –

Intel Capital #11 12 3 2 5 3 2 – – – 1 – 1 – – – 1 1 – – – – – 2

Credit Agricole #467 13 2 4 6 1 2 – 2 – – – – 1 1 – – – – – – – 2 –

Rakuten #168 7 – 2 2 1 2 – – – – – 2 – – – – 1 1 – 1 1 – –

Google #533 6 1 1 – 3 2 – – – – – 2 – – 1 – – 1 – 2 – – –

GV (Google Ventures) #106 5 1 1 – 2 2 – – – – – 2 – – 1 – – 1 – 2 – – –

Orange Digital Ventures #396 4 2 – 1 1 2 – – – – 1 1 – – – – 1 1 – 1 – 1 –

Syndicate Room #994 4 2 1 – 1 2 – 1 1 – – – 1 1 – – – – – 2 – – –

Mediaset #422 5 – 1 1 1 2 – – – – – 2 – – 1 – – – 1 – 1 – 1

Alibaba #205 5 – 1 – 2 2 – – – – 1 1 – – – 1 1 – – – – – 2

IP Group PLC #492 3 2 – – 1 2 1 – 1 – – 1 – 1 1 – – – – 2 – – –

Collective #4,752 4 – 2 – – 2 – 1 – – 1 – – 1 – – – – 1 1 – – 1

Michelin #403 4 – – 1 1 2 – – – 1 – 1 – – 1 1 – – – – 1 1 –

Atresmedia #217 3 – 1 – – 2 – – – – – 2 – – 1 – – 1 – – – – 2

TF1 #491 3 – 1 – – 2 – – – – – 2 – – 1 – – – 1 – 1 1 –

Johnson & Johnson #830 3 – – – 1 2 – – – 1 – 1 – – – – – 2 – 2 – – –

Soridec #904 3 – – – 1 2 – 1 – – – 1 – 1 – 1 – – – – – 2 –

Finovam #1,337 3 – – 1 – 2 – 2 – – – – 2 – – – – – – – – 2 –

Samsung Ventures #237 2 – – – – 2 – – – 1 1 – – – – – 2 – – – – – 2

Berliner Volksbank #1,355 2 – – – – 2 – – – – – 2 – – 1 – – – – – 2 – –

Page 11: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

The most active investors: top-4 countries

11

United Kingdom

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months Israel

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months

Scottish Investment Bank - Scottish Enterprise#145 3 6 4 3 7 20 Jerusalem Venture Partners #83 3 2 1 – 4 7

Localglobe #125 2 2 4 5 6 17 Vintage Investment Partners #90 1 1 4 – 4 9

Seedcamp #93 4 3 5 4 4 16 Magma Venture Partners #109 3 2 2 2 3 9

Crowdcube #199 5 5 5 – 4 14 Pitango Venture Capital #52 3 1 3 – 3 7

Octopus Ventures #482 – – – 1 4 5 Blumberg Capital #97 – 2 3 1 3 9

Notion Capital #116 7 – 2 – 3 5 Qualcomm Ventures #50 2 1 1 – 3 5

Mustard Seed #728 – 1 1 1 3 6 Qualcomm #954 2 1 1 – 3 5

Wild Blue Cohort #752 – 1 1 – 3 5 Marker LLC #334 2 3 1 2 2 8

Barclays #122 – – – 1 3 4 Innovation Endeavors #211 3 2 1 1 2 6

Anthemis Group #172 – – – 1 3 4 Endeavor #3,794 3 2 1 1 2 6

Germany

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months France

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months

High-Tech Gründerfonds (HTGF)#26 9 12 8 11 11 42 Bpifrance #72 17 23 27 29 28 107

Bayern Kapital #339 2 6 6 2 5 19 Kima Ventures #71 6 7 5 8 6 26

Global Founders Capital #48 3 2 5 3 5 15 BNP Paribas #131 2 – 5 4 6 15

Auden #594 – 1 1 1 5 8 Seventure Partners #126 2 2 – 4 5 11

IBB Beteiligungsgesellschaft #162 6 2 3 1 4 10 Partech Ventures #17 5 2 2 5 4 13

HV Holtzbrinck Ventures #2 4 2 3 2 4 11 Xavier Niel #38 3 5 3 1 4 13

Michael Brehm #241 – – – 1 4 5 Credit Mutuel Arkea #234 1 – 3 1 4 8

Rocket Internet SE #8 2 3 3 – 3 9 Breega Capital #463 – – 1 2 4 7

Index Ventures #1 3 2 1 1 3 7 Hi Inov #501 – 1 – 1 4 6

B-to-V Partners #65 3 3 – – 3 6 Caisse d'Epargne #675 – – 1 1 4 6

1. Rank based on overall size, activity, and performance in terms of exits and valuable portfolio companies. More info on https://blog.dealroom.co/the-top-100-most-prominent-vc-investors-in-europe/

Source: Dealroom.co. More data on: https://app.dealroom.co

Page 12: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

The most active investors: next-6 countries

12

Sweden

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months Netherlands

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months

Almi Invest #174 6 4 6 8 6 24 HENQ Invest #235 1 – 1 – 2 3

Northzone #3 2 2 2 2 4 10 Fortino #421 1 – – – 2 2

Mattias Weinhandl #1,193 – – – – 4 4 Leapfunder #890 1 3 2 1 1 7

Verdane Capital #73 1 1 1 1 3 6 InnovationQuarter #895 4 – 1 1 1 3

Creandum #21 – 1 1 – 3 5 INKEF Capital #132 2 2 1 – 1 4

Collector Ventures #731 – – – 2 3 5 BOM Capital #212 2 1 1 1 1 4

Denmark

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months Spain

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months

Seed Capital Denmark #151 6 2 6 5 4 17 ENISA #353 3 – 1 3 4 8

Markeds modningsfonden - Market Maturation Fund#798 – – – 8 1 9 Kibo Ventures #165 – 1 2 – 4 7

Innovationsfonden #697 – 2 – 2 1 5 Caixa Capital Risc #64 3 6 5 2 3 16

Sunstone Capital #87 2 – 1 – 1 2 SociosInversores.com #1,511 – – – – 3 3

Creandum #21 2 – – – 1 1 Inveready #202 1 3 3 1 2 9

IDInvest Partners #16 2 – – – 1 1 Digital Ventures #1,681 2 3 – – 2 5

Italy

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months Ireland

Dealroom

Prominence

Rank (1) 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1

Last 12

Months

Invitalia Ventures #456 1 4 – 1 5 10 Enterprise Ireland #111 10 6 11 8 6 31

LVenture Group #325 2 2 8 1 4 15 Elkstone #2,040 – – – – 2 2

Italian Angels for Growth #402 1 – 2 1 3 6 AIB Seed Capital Fund #398 – – – – 2 2

Innogest Capital #127 1 3 3 1 1 8 Tribal.vc #1,251 – – – – 2 2

Angel Partner Group #1,043 2 1 1 – 1 3 ACT Venture Capital #169 2 2 1 4 1 8

Club degli Investitori #950 – 1 2 – 1 4 Kernel Capital #282 2 2 1 3 1 7

1. Rank based on overall size, activity, and performance in terms of exits and valuable portfolio companies. More info on https://blog.dealroom.co/the-top-100-most-prominent-vc-investors-in-europe/

Source: Dealroom.co. More data on: https://app.dealroom.co

Page 13: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

About Dealroom

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Page 14: 2017 Q1 European Venture Capital Report - … · UK and Germany raised the largest amount of venture capital, followed by France and Israel Source: Dealroom.co. Includes Israel. Excludes

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April 2017