HUNGARIAN STARTUP ECOSYSTEM, 2012

ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012
STARTUPS.HU
WHY?
We are living in a golden age of digital
entrepreneurship, when tools and capital
needed to transform concepts into realit...
High growth technology startups look to be
the primary growth engine of the new
information economy. With that in mind, it...
HOW?
RETROSPECTIVE
ANALYSIS

QUALITATIVE
STUDY

QUANTITATIVE
STUDY

How did the factors of
the Hungarian ecosystem
develop over...
RESULTS
FOUNDING

25

20

15

10

5

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012
TECHNOLOGY

Hungary

Silicon Valley

Web

Mobile

Web+Mobile

Software
STAGES

Hungary

Silicon Valley

Discovery

Validation

Efficiency

Scale
JOB CREATION

Hungary

Silicon Valley

Discovery

Validation

Efficiency

Scale
EMPLOYEES

4

3

2

1

5-9

10-14

15-19

20-29

30-49

50-99

100+
OPERATION

Hungary

Silicon Valley

Bootstrapped

Funded
DEAL HISTORY

20

15

10

5

2000

2001

2002

2003

2004

Angel

2005

2006

Seed

2007

2008

2009

Venture

2010

2011
...
DEALS

20

15

10

5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec
CAPITAL INVESTED

Primus Capital
PortfoLion
Euroventures
DoubleRock Venture Capital
Biggeorge’s-NV
DBH Investments
Day One...
CAPITAL RECEIVED

Replise
Tresorit
Remagine
Real5d
Multipass Solutions
Boadree
Hand-in-Scan
Flan-Tech
Mobilengine
iDeaPool...
ORIGIN OF INVESTMENTS

% Domestic

% Foreign

$ Domestic

$ Foreign
CURRENCIES

USD 1.3m in 5 deals,
EUR 1.6m in 3 deals,
HUF 1.9bln in 10 deals.
INVESTMENT RANGES

5

4

3

2

1

0-50k

50k-100k

100k-250k

250k-500k

500k-1m

1m-2m

2m+
AVERAGE CAPITAL BY STAGE

Angel: $20k (€14k)
Seed: $59.4k (€45.9k)
Venture: $1.1m (€772.8k)
TOTAL CAPITAL RAISED

$11.5m in 18 deals
HUNGARIAN STARTUP ECOSYSTEM, 2012
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012
DATA VAILABLE ONLINE, VISIT...
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Hungarian Startup Ecosystem 2012 (Preview)

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Preview of a report on the startup ecosystem in Hungary. Statistics on the economic performance of startups and and related investments.

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Transcript of "Hungarian Startup Ecosystem 2012 (Preview)"

  1. 1. HUNGARIAN STARTUP ECOSYSTEM, 2012 ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012 STARTUPS.HU
  2. 2. WHY?
  3. 3. We are living in a golden age of digital entrepreneurship, when tools and capital needed to transform concepts into reality are accessible to more people than ever. Never before has it been cheaper and easier to start a company and attract potential customers from all over the world.
  4. 4. High growth technology startups look to be the primary growth engine of the new information economy. With that in mind, it is utterly important to analyse the economic profile and performance of startups, all with the goal of helping entrepreneurs, investors, and policy makers understand how they compare to the global startup ecosystem.
  5. 5. HOW?
  6. 6. RETROSPECTIVE ANALYSIS QUALITATIVE STUDY QUANTITATIVE STUDY How did the factors of the Hungarian ecosystem develop over the years. Interviews with founders, investors and support organisations. Statistical analysis of data from 65 startups, 27 investors, and 39 deals.
  7. 7. RESULTS
  8. 8. FOUNDING 25 20 15 10 5 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
  9. 9. TECHNOLOGY Hungary Silicon Valley Web Mobile Web+Mobile Software
  10. 10. STAGES Hungary Silicon Valley Discovery Validation Efficiency Scale
  11. 11. JOB CREATION Hungary Silicon Valley Discovery Validation Efficiency Scale
  12. 12. EMPLOYEES 4 3 2 1 5-9 10-14 15-19 20-29 30-49 50-99 100+
  13. 13. OPERATION Hungary Silicon Valley Bootstrapped Funded
  14. 14. DEAL HISTORY 20 15 10 5 2000 2001 2002 2003 2004 Angel 2005 2006 Seed 2007 2008 2009 Venture 2010 2011 2012
  15. 15. DEALS 20 15 10 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  16. 16. CAPITAL INVESTED Primus Capital PortfoLion Euroventures DoubleRock Venture Capital Biggeorge’s-NV DBH Investments Day One Capital Széchenyi Tőkebefektetési Alap Bethesda InvestLife, Phoenix Investment Seedcamp Start-Up Chile Colabs Seed Program Startup Wise Guys $1m $2m $3m $4m $5m
  17. 17. CAPITAL RECEIVED Replise Tresorit Remagine Real5d Multipass Solutions Boadree Hand-in-Scan Flan-Tech Mobilengine iDeaPool Mixgar Antavo Brickflow Internfish Bandalizer $0.5m $1.0m $1.5m $2.0m
  18. 18. ORIGIN OF INVESTMENTS % Domestic % Foreign $ Domestic $ Foreign
  19. 19. CURRENCIES USD 1.3m in 5 deals, EUR 1.6m in 3 deals, HUF 1.9bln in 10 deals.
  20. 20. INVESTMENT RANGES 5 4 3 2 1 0-50k 50k-100k 100k-250k 250k-500k 500k-1m 1m-2m 2m+
  21. 21. AVERAGE CAPITAL BY STAGE Angel: $20k (€14k) Seed: $59.4k (€45.9k) Venture: $1.1m (€772.8k)
  22. 22. TOTAL CAPITAL RAISED $11.5m in 18 deals
  23. 23. HUNGARIAN STARTUP ECOSYSTEM, 2012 ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012 DATA VAILABLE ONLINE, VISIT US AT: STARTUPS.HU Startups.hu is currently tracking 82 Hungarian tech startups, and 53 related investments. We are also tracking the economic profile of these Hungarian startups, which we plan to release as annual reports. Feel free to use our data, and remember to credit the site as your source. Startups.hu was established in an effort to build an extensive database of Hungarian startups, their economic performance, and the hard working entrepreneurs behind them. We want the site to become the source of an informed overview of the startup ecosystem in Hungary.

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