<p>Venture capital
investment flows
in Europe
May 2018
$ 3.8B
$ 6.3B
$ 9.7B
$ 11.3B
$ 12.0B
$ 2.8B
$ 4.1B
$ 6.1B $ 5.7B
$ 7.9B
$ 0.2B
$ 1.1B $ 1.3B
$ 1.9B
$ 4.5B
$ 0.2B $ 0.4B $ 0.2B
$ 0.7B $ 1.0B
500
1,000
1,500
2,000
2,500
3,000
$ 3.0B
$ 6.0B
$ 9.0B
$ 12.0B
$ 15.0B
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
Europe
USA
Asia
Rest of World
Investment
Number of rounds
Venture capital investment into Europe has been
increasing from all sides
Europe
USA
Asia
Rest of World
2
Source: Dealroom.co.
58%
38%
2%
2%
55%
32%
10%
4%
60%
33%
6%
1%
63%
24%
9%
4%
56%
26%
13%
5%
20%
40%
60%
80%
100%
Europe
USA and Canada
Asia
Rest of World
2013
2014
2015
2016
2017
Only Asia has increased its share of investment, both
by amount of capital and by number of rounds
3
Source: Dealroom.co.
Market share by number of European investment rounds
(by location of investor)
Market share by $ invested capital into Europe
(by location of investor)
Asian investment
grew from 2% to
13% in 5 years
82%
15%
1%
2%
80%
16%
2%
1%
80%
16%
3%
1%
82%
14%
3%
1%
80%
14%
4%
2%
20%
40%
60%
80%
100%
Europe
USA and Canada
Asia
Rest of World
2013
2014
2015
2016
2017
Asian investors focus on $20M+ rounds. Already 18%
of such rounds have an Asian investor
4
Source: Dealroom.co.
% of European investment rounds with an Asian investor
USA investment into Europe: no big change in approach
13%
8%
12%
17%
26%
40%
52%
4%
2%
4%
6%
9%
18%
19%
10%
20%
30%
40%
50%
60%
Total
$ 0-2M
$ 2-5M
$ 5-10M
$ 10-20M
$ 20-50M
$ 50M+
USA
Asia
As could be expected, larger rounds have a higher
participation rate from USA and Asian investors (2017)
1%
1%
2%
2%
3%
2%
7%
8%
10%
13%
3%
6%
9%
12%
15%
2013
2014
2015
2016
2017
$ 0-10M
$ 10M+
7%
9%
10%
9%
10%
37%
42%
36%
34%
34%
10%
20%
30%
40%
50%
2013
2014
2015
2016
2017
$ 0-10M
$ 10M+
52%
20%
14%
12%
9%
8%
8%
10%
20%