Clipperton Finance, a leading European corporate finance firm specializing in the technology sector, released a report this week in collaboration with Digimind, the company behind WhoGotFunded.com, which gives a look at the European Investment landscape in Q4 2012 & Q1 2013 for the technology and life sciences sectors. The publication, which Clipperton suggests will be published quartlerly or bi-annually, hopes to provide a “a detailed view of the financing trends in innovation per country, sector, stage etc.” in the European ecosystem.
Some quick European-level figures
- 25%: the amount of money invested in European Technology ($1.4Bn) in Q1 2013 in comparison to in the US.
- 2/3: the proportion of European investments made in IT as a fraction of the total investment done in Europe
- UK still leads the European investment ecosystem, followed by France & Germany
The German-language zone (DACH) received more investment than France
One of the ore interesting figures showed that the DACH (German-speaking parts of Europe) received a total of $232M in financing in Q1 2013, while France received $202M. Of course, the UK is still a powerhouse for investment, with $418M in investment – nearly the sum of the other two regions – during that same period.
Despite the fact that Deezer has received the highest fundraising of any European tech startup in the last 6 months ($132M), it seems that investment in France may be stagnating. We already knew that more than 50% of investment in France came from foreign investors in 2012, and it may be that foreign investment in France has slowed due to increased concerns over the instability of the Euro-zone.
“The average deal size is also a ﬁgure worth highlighting: with $6.5m, Germany tops the U.K. with an average deal size of $5.2m (setting aside Truphone’s $119m transaction) and France’s $3.7m” – Clipperton Finance Newsletter, April 2013
However, it could be worse – the report suggests that, apart from a $109M investment round in the Spanish Softonic, an app download portal that competes with Download.com and Allmyapps, Southern Europe has received little to know investment in Q1 2013 – there were less than 15 rounds that exceeded $1M.
Top 5 Deals in France in the last 6 months
I was not surprised to see Appgratis among the top 5 investments in French tech – I’m sure the French government was also aware of this when they swooped in to chastize Apple for booting them from the App Store. Others among them included Recommerce’s $9M investment by 3T, Seventure, and FSN PME.
Clipperton’s first newsletter sure packs a punch in bringing transparency to the European tech ecosystem, and I’m looking forward to receiving regular updates from them.
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