European Venture Capital Report November 2018 by Dealroom

Dec 23, 2018 | Publisher: Techcelerate Ventures | Category: Technology |  | Collection: Investments | Views: 6 | Likes: 1

Monthly European Venture Capital report 11 December 2018 November 2018 November was the third most active month of 2018 with investment of 2.7 billion Source: Dealroom.co. Includes Israel. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. Investment in Europe, Israel & Biotech 2 Impact of mega-rounds 1.6B 1.2B 1.9B 1.5B 1.6B 1.6B 2.3B 2.2B 1.9B 1.7B 1.7B 2.1B 1.9B 2.0B 1.7B 2.5B 1.8B 2.0B 2.2B 2.6B 2.9B 2.4B 2.1B 2.1B 2.8B 2.7B 0.5B 1.0B 1.5B 2.0B 2.5B 3.0B 3.5B Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2018 Europe excl. Israel Biotech Israel 1.3B 0.9B 1.3B 1.0B 1.1B 1.4B 1.7B 1.8B 1.4B 0.9B 1.5B 1.8B 1.8B 0.3B 0.4B 0.3B 0.2B 0.4B 0.4B 0.4B 0.4B 0.4B 0.4B 0.3B 0.5B 0.4B 0.4B 0.3B 0.8B 0.6B 0.4B 0.4B 0.5B 0.7B 0.6B 0.8B 0.3B 0.4B 0.4B 2.0B 1.7B 2.5B 1.8B 2.0B 2.2B 2.6B 2.9B 2.4B 2.1B 2.1B 2.8B 2.7B 0.5B 1.0B 1.5B 2.0B 2.5B 3.0B 3.5B Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2018 All other rounds Top 10 largest rounds Top 3 largest rounds The 10 largest rounds in November accounted for 0.8B or 30% of total investment Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. 3 NAME INVESTORS INDUSTRY LOCATION ROUND VALUATION Roivant Sciences Healthcare company focused on rapidly developing innovative medicines. Novaquest RTW Investments Health Switzerland $ 200 m GROWTH EQUITY $ 7.0 b BlaBlaCar Multi-mode search tool that compares rail, air, bus and car for European destinations SNCF Travel Transportation France $ 114 m GROWTH EQUITY $ 1.8 b BitFury Group Largest full-service blockchain technology company. Dentsu, iTech Capital, Naver, Macquarie Group, Final Frontier Fintech Semiconductors Netherlands $ 80 m LATE VC - G.Network Provides fibre connectivity to businesses in Central London Cube Infrastructure Managers Telecom UK 60 m LATE VC - Habana Developing disruptive solutions that shape the future of AI and Deep Learning. Battery Ventures, Bessemer Venture Partners, Intel Capital, WRV Capital Semiconductor Israel $ 75 m SERIES B $ 500m Valens Inventor and world leader in HDBaseT technology Linse Capital Oppenheimer & Co Transportation Semiconductor Israel $ 63 m GROWTH EQUITY - Lightricks Developing fun and powerful visual editing aps for user creating content Insight Venture Partners ClalTech Enterprise Software Israel $ 60 m LATE VC - Aprea Developing novel anti-cancer compounds HealthCap, 5AM Ventures, Rock Springs Capital, Versant Ventures Sectoral Asset Management Health Sweden 50 m SERIES C - Voi Technology Sharing service for electric vehicles Balderton Capital, Raine Ventures Vostok New Ventures, LocalGlobe Transportation Sweden $ 50 m SERIES A - Workable Recruiting software for SMEs Balderton Capital, Zouk Capital, Notion Capital, 83North TriplePoint Capital Jobs Enterprise Software UK $ 50 m SERIES D - Go to online data 24B 25B 26B 5B 10B 15B 20B 25B 30B Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 1,792 1,758 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 2018 continues to be on track for an all-time record, ahead of 2017 so far (which was a record year itself) Source: Dealroom.co. Includes Israel. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. 1. Rounds below $2M are often reported with a delay of several months. Therefore, only rounds above $2M are shown here for better like-for-like comparison. 4 Cumulative amount invested 2018 vs. 2017 (B) Cumulative number of rounds 2018 vs. 2017 (>2M) The UK, Germany, France and Israel (the big four) continue to receive 70% of total investment 5 11% YoY growth 87% 17% 10% (35%) (10%) (11%) (17%) 10% 43% Number of rounds Jan-Nov '18 (1) Investment by country (B) Jan-Nov '18 Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. 1. Rounds below $2M are included here. 768 563 520 289 282 232 214 194 141 125 125 95 91 74 59 39 39 31 30 United Kingdom France Germany Spain Sweden Israel Netherlands Italy Switzerland Ireland Finland Russia Norway Denmark Belgium Austria Poland Estonia Hungary 6.6B 4.1B 3.7B 2.9B 1.3B 1.2B 1.1B 0.7B 0.6B 0.5B 0.5B 0.4B 0.4B 0.4B 0.3B 0.2B 0.2B 0.1B 0.1B United Kingdom Germany France Israel Spain Switzerland Sweden Ireland Netherlands Italy Finland Denmark Belgium Portugal Russia Norway Estonia Cyprus Austria Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. 1. Rounds below $2M are included here. 6 By investment, the UK continues its lead, followed by Germany and France 2018 cumulative number of rounds (1) 2018 cumulative amount invested by country 6.6B 4.1B 3.7B 2.9B 1.0B 2.0B 3.0B 4.0B 5.0B 6.0B 7.0B 8.0B Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov United Kingdom Germany France Israel 768 520 563 232 100 200 300 400 500 600 700 800 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov United Kingdom Germany France Israel Health, fintech and enterprise software continue to be the most invested industries Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. Note: industries, business models and keywords can and do overlap. 7 By industry vertical Business model By keyword Number of rounds 2018 Jan - Nov Amount (B) invested 2018 Jan - Nov 5.3B 5.1B 4.5B 3.0B 2.9B 1.6B 1.5B 1.4B 1.4B 1.3B 0.9B 0.9B 0.6B 0.6B 0.6B 0.5B 0.4B 9.5B 6.9B 4.7B 3.0B 2.6B 7.0B 2.7B 1.0B 0.7B 0.2B 825 634 619 336 335 280 262 216 212 188 187 133 106 101 94 78 67 1,625 879 501 300 246 1,256 552 238 188 136 42 Noticeable increase of 1.3 billion in travel & transportation compared to last year. 8 Absolute change vs. last year (in B) % change vs. last year (number of rounds) Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. Note: industries, business models and keywords can and do overlap. By industry vertical Business model By keyword 0.8B 0.6B 0.5B 0.4B 0.3B 0.2B 0.1B 0.1B 0.0B ( 0.0B) ( 0.2B) ( 0.2B) ( 0.2B) ( 0.3B) ( 0.4B) ( 0.5B) ( 1.0B) 1.4B 1.3B 1.1B ( 0.4B) ( 0.5B) 0.5B 0.3B ( 0.2B) ( 0.4B) ( 0.4B) 31% 26% 15% 15% 14% 9% 9% 7% 6% 2% 2% (1%) (3%) (8%) (10%) (18%) 31% 30% 16% (13%) (14%) 32% 23% 13% 8% (22%) European funding in travel & transportation has continuously increased, now at 3.5x relative to 2014 9 Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants. Note: industries, business models and keywords can and do overlap. Amount invested (B) in travel & transportation Selected Investments in 2018 Location Round Auto1 Group Marketplace for used and new cars Germany 460 m Growth Equity 3.0B valuation Taxify Ride-hailing app in Europe and Africa Estonia $ 175 m LATE VC $1.0B valuation Cabify Car booking web and mobile app Spain $ 160 m SERIES E $1.4B valuation GoEuro Transportation comparison tool Germany $ 150 m Growth Equity $1.0B valuation BlaBlaCar Connecting drivers with people looking for a ride France 101 m Growth Equity Voi Technology Sharing service for electric vehicles Sweden $ 50 m SERIES A TourRadar Online marketplace for group tours Austria $ 50 m SERIES C Dreamlines Online travel agency focused on cruises Germany 45 m SERIES E TravelPerk SaaS platform for business travel Spain 38 m SERIES C Wunder Ride sharing mobile application Germany $ 30 m SERIES B 0.6B 0.9B 1.4B 2.0B 2.4B 0.2B 0.3B 0.2B 0.4B 0.7B 0.3B 0.5B 0.3B 0.3B 0.8B 1.1B 1.7B 1.9B 2.7B 3.9B 0.5B 1.0B 1.5B 2.0B 2.5B 3.0B 3.5B 4.0B 4.5B 2014 2015 2016 2017 2018 All other rounds Top 10 largest rounds Top 3 largest rounds 409 438 293 50 100 150 200 250 300 350 400 450 500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 42B 44B 109B 20B 40B 60B 80B 100B 120B Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 2018 By VC backed exits, 2018 is far ahead of 2017 driven by a handful of mega-exits Source: Dealroom.co 10 Cumulative value of VC-backed exits 2018 vs. 2017 Cumulative number of VC backed exits 2018 vs. 2017 November counted for 0.5 billion of venture backed exits. Source: Dealroom.co NAME ACQUIROR SELLER INDUSTRY LOCATION TRANSACTION VC BACKED CarsOnTheWeb Online auction service for second hand car owners and car traders KAR Auction Services ABN AMRO Vortex Capital Partners Luc De Vos Steven Lismont Transportation Belgium 156 m ACQUISITION Siltectra Water treatment technologies Infineon Technologies MIG Verwaltungs AG Global Asset Fund Semiconductors Germany 124 m ACQUISITION Security Matters Provides best-of-class industrial cyber resilience technology ForeScout Emerald Technology Ventures, KPN, Robert Bosch, Phoenix Contact Security Netherlands $ 113 m ACQUISITION Massive Interactive Provider of technology/design services and software in area of ip video Deltatre - Media UK $ 92 m ACQUISITION Phd Nutrition Premium sport nutrition Science in Sport PLC - Sports Food UK 32 m ACQUISITION Coffee Strain Studios Swedish developer & publisher making games using Unreal Technology THQ Nordic - Gaming Sweden 31.7 m ACQUISITION Renalytix AI Artificial Intelligence for kidney disease - - Health UK 25 m IPO VIST Mining Technology Providing automated control systems to railways and mines Zyfra - Energy Robotics Russia $ 30 m ACQUISITION VOGO Innovative in-venue live & replay experience for multi sector events - CM-CIC Capital Prive Natixis Media Sports France 14.2 m IPO Netatmo Weather station for iPhone and Android, with air quality sensors Legrand Iris Capital, Bpifrance, C4 Ventures IoT France ACQUISITION 11 Go to online data UK and Sweden are leading by VC-backed exits Source: Dealroom.co 12 11% YoY growth 87% 17% 10% (35%) (10%) (11%) (17%) 10% 43% Acquisitions & IPOs of venture-backed companies (B) Jan-Nov '18 Acquisitions & IPOs of venture-backed companies (B) Jan-Nov '18 35.9B 32.0B 11.5B 6.6B 5.9B 5.0B 4.5B 2.9B 2.5B 0.9B 0.4B 0.4B 0.3B 0.2B United Kingdom Sweden Netherlands Germany France Italy Belgium Czech Republic Israel Turkey Iceland Switzerland Ireland Austria 71 41 37 22 14 14 10 9 8 8 5 5 4 4 3 United Kingdom France Germany Sweden Spain Netherlands Italy Switzerland Ireland Belgium Poland Finland Denmark Russia Norway Source: Dealroom.co 13 By exits, the UK is now in the lead following a string of sizeable acquisitions and IPOs Cumulative value of exits in 2018 Selected exits Italy, France, Germany Netherlands Sweden United Kingdom 35.9B 32.0B 11.5B 5.0B 0.0B 10.0B 20.0B 30.0B 40.0B 50.0B Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Global database to identify & track growth opportunities and innovative companies

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November was the third most active month of 2018 with an investment of €2.7 billion

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