European VC funding pot shrinks

6 May 2014 | Author: Kirsten Morel
Acquisition

The amount of venture funding available to European businesses fell in 2013 as VC activity in Europe stalled for the first time in five years.

The year-on-year figures from Pitchbook, sponsored by Merrill Datasite, show that both the number of deals fell from 1605 in 2012 to 1539 in 2013, and the amount invested fell from €5.5 billion to €4.9 billion.

The average value per transaction also fell from just over €3.4 million to just shy of €3.2 million.

In spite of the straitened times, the good news for the digital sector was that software investment saw a fifth consecutive year of increasing activity and captured 30% of the available investment.

The media sector found it harder with just 90 deals made in 2013 compared to 127 in 2012.

From a geographical perspective, the German-speaking Area (GSA) and France & Benelux were the only two regions to see more activity in 2013 than 2012. That said, UK and Ireland still dominate the scene with 32% of all deals compared to GSA’s 20% and France & Benelux with 13%.

 

Top 10 most active European VC funds 

INVESTOR     

VC DEALS

High-Tech Gründerfonds

63

Finnvera Venture Capital

48

Index Ventures

27

Scottish Enterprise

27

Caixa Capital Risc

21

Enterprise Ventures

20

Midven

18

Octopus Investments

15

SEED Capital Denmark

15

T-Venture Holding

15

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