2. INTRODUCTION
The goal of this report is to inform and update on the
current investment situation for IT startups in Spain. The
current report tracks deals between the first and third
quarters of 2013 and 2014. For the most current
numbers, please refer to our site.
METHODOLOGY
These numbers are based on our own tracking of published deals and should
be treated as such. Non published deals aren’t reflected. We focus on
tracking the IT sector so deals related to Biotechnology or Pharma have been
discarded.
http://venture.watch / team@venture.watch
5. INVESTMENTS Q1 - Q3 2014
TOTAL INVESTED IN IT STARTUPS (Q1- Q3 2014)
Million euros
70 €
52,5 €
35 €
17,5 €
0 €
24,84
9,61
4,71
15,16
13,15
10,63
67,39
65,52
19,63
V
January February March April May June July August September
2014
Source: http://venture.watch
http://venture.watch / team@venture.watch
6. INVESTMENTS Q1 - Q3 2014
IT DEALS VS INVESTED (Q1-Q3 2014)
Number of IT operations
70
52,5
35
17,5
0
11
6 6
10
16
13
23
5
17
V
January February March April May June July August September
Deals
Invested
Source: http://venture.watch
http://venture.watch / team@venture.watch
7. MEDIAN IT DEAL VALUE (Q1 - Q3 2014)
Million euros
0,9 €
0,675 €
0,45 €
0,225 €
0 €
0,42
0,2
0,48
0,86
0,27
0,36
0,55
0,23
0,69
January February March April May June July August September
Median round
Source: http://venture.watch
V
INVESTMENTS Q1 - Q3 2014
http://venture.watch / team@venture.watch
8. INVESTMENTS Q1 - Q3 2014
TOP 10 IT DEALS (Q1 - Q3 2014)
# Company Round value Sector
1. Scytl 80 million euros Voting
2. Social Point 22 million euros Gaming
3. Fon 14 million euros Telecommunications
4. Job & Talent 10,2 million euros Human resources
5. Cabify 9 million euros Taxi
6. Packlink 6,6 million euros Operations
7. Kantox 6,4 million euros FinTech
8. CartoDB 6,2 million euros Mapping (GIS)
9. La Nevera Roja 6 million euros Food
10. Peer Transfer 4,8 million euros FinTech
Source: http://venture.watch
http://venture.watch / team@venture.watch
10. INVESTMENTS COMPARISON 2013 - 2014
TOTAL INVESTED IN IT STARTUPS (Q1- Q3 2013 / Q1 - Q3 2014)
Million euros
90 €
67,5 €
45 €
22,5 €
0 €
4,59
88,13
5,27
15,89
34,16
20,96
16,93
0,86
37,53
January February March April May June July August September
2014
2013
Source: http://venture.watch
V
http://venture.watch / team@venture.watch
11. INVESTMENTS COMPARISON 2013 - 2014
IT DEALS (Q1-Q3 2013 / Q1 - Q3 2014)
Number of IT operations
30
22,5
15
7,5
0
16
13
23
17
11 11
9
6
10 10
10 10
16
5
2
6
January February March April May June July August September
2014
2013
Source: http://venture.watch
V
http://venture.watch / team@venture.watch
12. INVESTMENTS COMPARISON 2013 - 2014
MEDIAN IT DEAL VALUE (Q1 - Q3 2013 / Q1 - Q3 2014)
Million euros
0,9 €
0,675 €
0,45 €
0,225 €
0 €
0,42
0,3
0,38
0,48
0,3
0,86
0,38
0,45 0,45
0,55
0,3
0,23
0,12
0,69
0,55
0,2
0,27
0,36
January February March April May June July August September
2014
2013
Source: http://venture.watch
V
http://venture.watch / team@venture.watch
13. INVESTMENTS COMPARISON 2013 - 2014
TOP 10 IT DEALS (Q1 - Q3 2013) TOP 10 IT DEALS (Q1 - Q3 2014)
# Company Round value Sector # Company Round value Sector
1. Softonic 82,5 million euros Software 1. Scytl 80 million euros Voting
2. Privalia 25 million euros E-commerce 2. Social Point 22 million euros Gaming
3. Alienvault 20 million euros Hardware 3. Fon 14 million euros Telecommunications
4. El Armario de la
Tele
Source: http://venture.watch
9 million euros E-commerce 4. Job & Talent 10,2 million euros Human resources
5. Restalo 7,4 million euros Food 5. Cabify 9 million euros Taxi
6. Peer Transfer 5 million euros FinTech 6. Packlink 6,6 million euros Operations
7. Plenummedia 5 million euros Online marketing 7. Kantox 6,4 million euros FinTech
8. Teambox /
Redbooth
5 million euros Collaboration 8. CartoDB 6,2 million euros Mapping (GIS)
9. 3Scale 4,2 million euros API 9. La Nevera Roja 6 million euros Food
10. Abiquo 3,8 million euros Cloud computing 10. Peer Transfer 4,8 million euros FinTech
http://venture.watch / team@venture.watch
14. INVESTMENTS COMPARISON 2013 - 2014
PERCENTAGE REPRESENTED BY TOP DEALS (Q1 - Q3 2013)
26%
74%
Top 10 deals
Rest
PERCENTAGE REPRESENTED BY TOP DEALS (Q1 - Q3 2014)
28%
72%
Top 10 deals
Rest
Source: http://venture.watch
V V
http://venture.watch / team@venture.watch
17. EUROPEAN COMPARISON
Source: European Innovation Financing H1 2014 (Clipperton Finance)
TOP 5 IT DEALS (Q1 - Q3 2014)
# Company Round value Sector
1. Scytl 80 million euros Voting
2. Social Point 22 million euros Gaming
3. Fon 14 million euros Telecommunications
4. Job & Talent 14 million euros Human resources
5. Packlink 9 million euros Operations
Source: http://venture.watch
http://venture.watch / team@venture.watch
18. EUROPEAN COMPARISON
Source: European Innovation Financing H1 2014 (Clipperton Finance)
# Region IT Investment (H1 2014)
1. United Kingdom 658 million euros
2. DACH 576 million euros
3. Nordics 409 million euros
4. France 353 million euros
5. Benelux 172 million euros
6. Eastern Europe 171 million euros
- Spain 81 million euros
United Kingdom 8x
France 4x
http://venture.watch / team@venture.watch
20. INVESTMENT TRENDS 2014
1. Slightly bigger rounds in 2014
There is a slight increase on the average deal value in 2014, showing a
slight increase on tickets per round. As VC funds get more money, there is a
need for bigger tickets, something that will benefit most startups.
2. Consolidation of investment
The standard deviation shows how the investment trends are finally
converging. Instead of seeing big variations on the rounds, we observe
a consolidation of deal size and frequency.
3. Internationalisation push
Bigger rounds are enabling many of the Spanish startups to pursue
ambitious internationalisation strategies like the case of Cabify, CartoDB or
Packlink.
http://venture.watch / team@venture.watch
21. INVESTMENT TRENDS 2014
4. Closer follow up rounds (< 12 months)
Company 2013 Round 2014 Round Elapse time
Peer Transfer 5 million euros 4,8 million euros 5 months
ByHours 1 million euros 2,6 million euros 9 months
La Nevera Roja 2 million euros 6 million euros 10 months
Job & Talent 2,5 million euros 10,2 million euros 12 months
Akamon 2,8 million euros 3 million euros 12 months
PromoFarma 1,5 million euros 3 million euros 12 months
TypeForm 0,5 million euros 1,2 million euros 12 months
Traity 1 million euros 3,5 million euros 13 months
Packlink 1,5 million euros 6,6 million euros 14 months
Social Point 2,9 million euros 22 million euros 17 months
Source: http://venture.watch
The average time between rounds is 11,5 months, marking a big difference
with past years.
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