The Q1 2015
European Tech Report
VC-backed European Tech startups continued their feverish fundraising, as Germany, the UK, and more broadly Europe all shattered quarterly highs in deals and dollars.
This in-depth report analyzes the funding activity for VC-backed private technology companies based in Europe including overall financing activity, which countries saw the most funding, and more. Below is a high-level summary of some of the report’s highlights. For all of the findings, download the entire report. It’s free.
Q1 2015: $2.5B on 264 Deals - New Highs for Deals and Dollars
VC-backed European Tech companies raised a whopping $2.5B on 264 deals, both 17-quarter highs. The quarter was buoyed by Delivery Hero’s $563M financing, as funding and deals were up 98% and 21% respectively versus the same quarter a year prior.
Partech, Holtzbrinck, and High-Tech Gruenderfonds are Most Active
Three investors tied for the most active VC in EU Tech in Q1’15. Paris-based Partech Ventures made a variety of early-stage investments in France, Holtzbrinck Ventures made multiple mid-stage investments, while High-Tech Gruenderfonds rounded out the top 3 with a slew of early-stage investments in Germany.
UK & Germany Lead European Tech Activity
The UK outpaced Germany in Q1’15 for VC-backed Tech investments, with 69 in Q1’15 versus Germany’s 58. Both the UK and Germany saw a dip from Q1’13 to Q1’14, but rebounded strongly with 28% and 76% deal growth respectively. Spain saw the largest deal growth of the top EU countries, with deals up 91% in Q1’15 versus the same quarter a year prior.
Average Series A Deal Size Tops $7M
Series A deal sizes fell slightly on a median basis in Q1’15, reaching $4.5M. Alternatively, the average Series A to VC-backed EU Tech startups in Q1’15 reached $7.16M, due to multiple $20M+ financings, including augmented reality platform startup Blippar’s $45M Series A.
German Tech Funding Tops $1B IN Q1
Investments into VC-backed German Tech companies topped $1B for the first quarter in over 4 years. Buoyed by nine-figure financings to Delivery Hero, HelloFresh, and Foodpanda, funding reached $1.15B, while deals also reached a quarterly high at 58. Overall deals and dollars were up 76% and 419% respectively versus the same quarter a year prior.
UK Tech Funding $781M on 69 Deals, A Multi-Year High
Quarterly investment into VC-backed UK Tech companies topped $700M in Q1’15, up 111% versus the same quarter a year prior. Deals also reached a multi-year high at 69, up 28% vs. Q1’14. Funding was buoyed by international payments companies WorldRemit and Transferwise, as well as data center company Verne Global.
The Q1 2015 European Tech Report highlights funding trends as well as top investors, countries, and trends for VC-backed European tech companies. To receive the Q1 2015 European Tech Report, sign up by entering your business email address in the form below.