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Monthly European Venture Capital report
7 May 2019
April 2019
April investment of €2.5 billion (including Israel) is in line with average monthly investment in the last 12 months
Source: Dealroom.co. Includes Israel. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants.
Investment in Europe, Israel
2
Impact of mega-rounds
€ 2.3B
€ 1.6B
€ 2.2B
€ 1.7B
€ 2.4B € 2.3B
€ 2.0B € 2.0B € 2.1B € 2.3B
€ 2.0B € 1.8B
€ 2.7B
€ 2.9B
€ 1.7B
€ 2.2B
€ 2.5B
€ 1.8B
€ 2.4B
€ 2.0B
€ 2.5B
€ 2.9B
€ 2.3B
€ 2.1B € 2.3B
€ 2.7B
€ 2.4B
€ 2.1B
€ 3.0B
€ 3.3B
€ 2.0B
€ 2.5B
–
€ 0.5B
€ 1.0B
€ 1.5B
€ 2.0B
€ 2.5B
€ 3.0B
€ 3.5B
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2018 2019
Europe excl. Israel Israel
€ 1.3B
€ 1.0B
€ 1.5B
€ 1.2B
€ 1.6B € 1.7B
€ 1.4B
€ 1.0B
€ 1.7B € 1.7B € 1.6B
€ 1.3B
€ 1.8B € 1.8B
€ 1.2B € 1.3B
€ 2.5B
€ 1.8B
€ 2.4B
€ 2.0B
€ 2.5B
€ 2.9B
€ 2.3B
€ 2.1B
€ 2.3B
€ 2.7B
€ 2.4B
€ 2.1B
€ 3.0B
€ 3.3B
€ 2.0B
€ 2.5B
–
€ 0.5B
€ 1.0B
€ 1.5B
€ 2.0B
€ 2.5B
€ 3.0B
€ 3.5B
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2018 2019
All other rounds Top 10 largest rounds Top 3 largest rounds
Driven by mega-rounds: 10 largest rounds in April accounted for €1.2 billion or 46% of total
3
NAME INVESTORS INDUSTRY LOCATION ROUND VALUATION
UiPathDesigns and develops robotic process automation software
Accel Partners, Sequoia Capital…
Enterprise softwareRobotics
Romania$ 568M SERIES D
$ 7.0B
GlovoOn-demand mobile application connects customers with independent local couriers
Lakestar, Idinvest Partners, Drake Star
...Transportation Spain
€ 150M SERIES D
-
ManoManoGardening and DIY community
General Atlantic, Partech, Piton Capital, Bpifrance
…Home living France
€ 110M SERIES D
-
HR PathHuman capital management technology
Andera Partners Jobs recruitment France€ 100M LATE VC
-
KlarnaPayment solutions for online storefronts
Permira, Sequoia Capital…
Fintech Sweden$ 93M
GROWTH EQUITY$ 3.5B
AquaSecurityAccelerating container adoption and bridging the gap between DevOps and IT security
Insight Venture Partners, LightspeedVenture Partners,
…Security Israel
$ 62M SERIES C
-
ElvieCutting-edge women's lifestyle brand
Impact Ventures, Octopus Ventures, IPGL Wellness beauty UK
€ 38M SERIES B
-
360LearningE-learning strategy provider
ISAI, XAnge, Bpifrance, Hi Inov, Educapital
Education France$ 41M
LATE VC-
Red PointsSmart solution for brand protection online
Eight Roads Ventures, Mangrove, Northzone, Banco Sabadell
…Legal Spain
$ 38MSERIES C
-
TrayThe API Integration and Automation Platform for Citizen Automators
True Ventures, Spark Capital, Mosaic Ventures,
…
Enterprise softwareMarketing
UK$ 37M
SERIES B-
Go to online data »
Source: Dealroom.co. Includes Israel. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants.
Year to date, already €10.8 billion was invested in Europe & Israel in 2019 compared with €8.7 billion same time last year
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 – 2019 vs. 2018 (€B) Cumulative number of rounds – 2019 vs. 2018 (>€2M)
603
1,927
586
–
500
1,000
1,500
2,000
2,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
€ 8.7B
€ 28.0B
€ 10.8B
–
€ 5.0B
€ 10.0B
€ 15.0B
€ 20.0B
€ 25.0B
€ 30.0B
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
In addition to the big four, Switzerland and Sweden received more than half a billion in investment since the start of 2019
5
11% YoY growth
87%
17%
10%
(35%)
(10%)
(11%)
(17%)
10%
43%
Number of rounds Jan-Apr ’19 (1)Investment by country Jan-Apr ‘19
Source: Dealroom.co. Excludes buyouts, secondary transactions, debt, ICOs, lending capital, grants.1. Rounds below $2M are included here.
€ 2.6B
€ 1.7B
€ 1.3B
€ 1.3B
€ 0.9B
€ 0.6B
€ 0.5B
€ 0.4B
€ 0.3B
€ 0.2B
United Kingdom
France
Israel
Germany
Switzerland
Sweden
Romania
Spain
Netherlands
Finland
233
164
102
118
72
61
56
36
32
26
United Kingdom
France
Israel
Germany
Sweden
Netherlands
Spain
Switzerland
Denmark
Norway
April counted for €2.2 billion of VC backed exits in Europe and Israel
Source: Dealroom.co
NAME ACQUIROR SELLER INDUSTRY LOCATION TRANSACTION VC BACKED
NexiThe reference company for digital payments in Italy
-Clessidra Capital Partners, Bain Capital, Mercury UK
Holdco LimitedFintech Italy
€ 2.0BIPO
Doc GenericiThe leading companies in Italy in the field of generic pharmaceuticals
ICG, MerieuxDeveloppement
CVC Capital Partners Health Italy$ 1.1B
ACQUISITION
SamanageIT Services provider focused on custom software development SolarWinds
Viola VenturesGemini Israel Ventures
…Enterprise software Israel
$ 350MACQUISITION
✓
DrivyPeer-to-peer car rental platform
GetAroundAlven, Index Ventures
LocalGlobe…
Transportation France€ 267M
ACQUISITION✓
Audio NetworkListen and purchase audio tracks
Entertainment One Stripes Group Music UK$ 215M
ACQUISITION✓
MagistoFun and easy way to share experiences through video
VimeoHorizons VenturesQualcomm, Mail.ru
…Media Israel
$ 200MACQUISITION
✓
StavdalA rental company in Sweden with one of the market's most complete machinery parks
Ramirent - Construction Sweden$ 152M
ACQUISITION
Hookipa PharmaClinical stage biotech company
-Sofinnova, Forbion,
Takeda Ventures…
Health Austria$ 84M
ACQUISITION✓
CenterVueDetection and the management of sight-threatening pathologies
VINGROUP - Telecom Italy€ 59M
ACQUISITION
HoneypotThe developer-focused job platform
XING - Jobs recruitment Germany€ 57M
ACQUISITION
6
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7
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Yoram Wijngaarde
Founder & CEO
Ivan Draganov
Research Analyst
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Lotf Belych
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