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Scaling European Startups · 2016-11-03 · Scaling European Startups . Overview 1. Objectives 2....
Transcript of Scaling European Startups · 2016-11-03 · Scaling European Startups . Overview 1. Objectives 2....
Scaling European Startups
Overview
1. Objectives
2. Methodology
3. SEP Scouting & Mapping Database
4. Preliminary findings
5. Open Items
6. Dissemination
From Startups to Scaleups
CROSSING THE CHASM
EARLY-STAGE BARRIERS
STARTUP
SCALEUP
SCALER SUSTAINABLE CORPORATE
Objectives
1) Mapping the top European Startups (Scaleups)
2) Matching them to Large Corporates
3) Sharing Best Practices
Mapping activities are
realized by (SEP) in
collaboration with PEDAL
Consulting and Ud’Anet.
Methodology
1) Categories
Startup: <$0.5M/1M funding
raised in the last three-year period
or bootstrapped companies with
revenue in this range (TBD).
Scaleup: $0.5M/1M - $100M
funding raised in the last three-year
period or bootstrapped companies
with revenue in this range (TBD).
Scaler: >$100M funding raised in
the last three-year period or
bootstrapped companies with
revenue in this range (TBD).
2) Exits M&A
IPO
3) Sources SEP database | portfol ios of
VC companies | corporate
venture units | business
angels | accelerators and
act ive seed and early stage
funds | crowdfunding platforms
| tech competit ions | other
relevant channels.
SEP Scouting and Mapping Database
Scaleups 2011-2014
Label (startup, scaleup, scaler)
Country
Year of Funding
Category (Vertical)
Subcategory
Funding (capital raised, $M)
Stage (Angel, Seed, Series A,B,C, etc.)
Last funding (year, month)
Source
Notable investors
Press release
First name
Last name
Function (mostly CEO)
Telephone
SEP Scouting and Mapping Database
Exits
HQ Company
Company
Acquirer
Funding raised
Year of acquisition & merger
Exit / IPO price
Valuation
Source
Press release
Category
Subcategory
Only 3 European companies are in the
«Billion-Dollar Startup Club» (Zalando,
Spotify, Mobileye)
BUT
A growing number of startups are
entering the Unicorn «MiniClub» (e.g.
Delivery Hero, iZettle, …)
1,000+ European startups have raised
$1M+ funding investment in the last 3
yrs.
57% of actively fundraising startups
have been founded after 2010
Preliminary findings: General
Source: SEP Monitor – May 2014
European Scaleups by Country
(>$1M in funding, 2011-14)
Source: Startup Europe Partnership (SEP) Monitor – May 2014
*Preliminary Data
European Scaleups by Year of Foundation
(>$1M in funding, 2011-14)
Year of Foundation < 2005 2005-9 2010-14
% of Scaleups 6% 37% 57%
Preliminary findings: Exits & IPOs
200 + European exits identified in 2011-2014.
In 2013 the number of exits in Europe increased by some 80%
Most exits come from UK (25%), Germany 22%) and France (11%)
47% of acquirers come from USA. On the European side, UK, Germany and France ‘defend’ their positions with respective shares of 11%, 9% and 5% of all acquirers.
Most notable exits: Autonomy (UK/$10B), Supercell (FI/$1.5B for 51%), Viber (CY/$900M), Neolane (FR/$600M), DeepMind (UK/$400M), Natural Motion (UK/$380M), LaFourchette (FR/$140M), Milanuncios (SP/$100M).
Most notable IPOs: Just Eat (UK/$2.44B), Criteo (FR/$2.14B), Zendesk (DK/$159M).
Source: SEP Monitor – July 2014
Preliminary findings: Categories
Source: First interim report 2014
Preliminary findings: Funding
Over 60% of the analysed companies have received the last funding in Seed (33%) or Series A (30%) stage. Around 24% of the identified companies underwent numerous rounds of funding and are of Stage B or higher.
Most startups fall into the Software solutions category (17%), which is closely followed by E-commerce (14%) and Mobile applications (10%).
The size of funding received per sector is rather proportionate to the size of the sector.
The financial support to Hospitality, Business Analytics and Network/Hosting sectors is respectively about 15%, 17% and 40% greater than the average of all sectors combined together.
Source: First interim report 2014
Preliminary findings Country focus: Spain
Over 100 startups in Spain
broke the early stage level in the
last 3 years. 20+ companies
raised more than $5M
E-Commerce drives the scale-
up of the Spanish startup
ecosystem
Nearly 30 exits (including one
substantial IPO) reported since
2011. Mostly domestic and
European buyers, only 30%
were acquired by US
companies.
Spanish Scaleups by Category
Source: Startup Europe Partnership (SEP) Monitor – June 2014
*Preliminary Data
Source: SEP Monitor – June 2014
Dissemination
SEP Monitor
o May 2014
o June 2014
o July 2014
MAP of EU scaleups Press coverage I l So le24ore | I r i sh Times |
Techcrunch | I l Cor r i e re de l
Mezzog io rno | Europa P ress
| La Repubb l i ca | I l Cor r i e re
de l l e Comun icaz ion i amongs t
o thers
Open Items Definitions
Startup vs Scaleup (capital raised vs revenue, $ amounts,
period, …)
Born globals / companies relocating outside EU (Zendesk,
Funambol,..)
Companies having an exit
Work in progress
SEP DB is still only a sample: risks related to extrapolation of
data
Rapidly changing environment: new data becoming old soon
Data sources
Limitation of trustworthy sources
Financial information often undisclosed
Join/Follow Us
www.startupeuropepartnership.eu
@sep_eu @aonetti