Hungarian Startup Ecosystem 2013

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Economic snapshot of the Hungarian startup ecosystem in 2013.

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Hungarian Startup Ecosystem 2013

  1. 1. HUNGARIAN STARTUP ECOSYSTEM, 2013 ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2013 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 How did the factors of the Hungarian ecosystem develop over the years. QUALITATIVE STUDY Interviews with founders, investors and support organisations. QUANTITATIVE STUDY Statistical analysis of data from 92 startups, 43 investors, and 56 deals.
  7. 7. STARTUPS
  8. 8. YEAR OF FOUNDING 5 10 15 20 25 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
  9. 9. TECHNOLOGY Hungary Silicon Valley* Web Mobile Web+Mobile Software * Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012
  10. 10. STAGES Hungary Silicon Valley* Discovery Validation Efficiency Scale * Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012
  11. 11. OPERATION Hungary Silicon Valley* Bootstrapped Funded * Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012
  12. 12. ROUNDS OF FUNDING Hungary 0 1 2 3
  13. 13. JOB CREATION Hungary Silicon Valley* Discovery Validation Efficiency Scale * Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012
  14. 14. NUMBER OF EMPLOYEES 1 2 3 4 5 5-9 10-14 15-19 20-29 30-49 50-99 100+
  15. 15. INVESTMENTS
  16. 16. TOTAL CAPITAL RAISED $3.12m (€2.3m) in 12 deals
  17. 17. NUMBER OF DEALS 5 10 15 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2012
  18. 18. DEAL CURRENCIES USD 240k in 2 deals, EUR 120k in 3 deals, HUF 608m in 7 deals.
  19. 19. TOTAL CAPITAL BY STAGE Angel: $77k (€60k) in 1 deal Seed: $456k (€339.5k) in 7 deals Venture: $2.6m (€1.9m) in 4 deals
  20. 20. AVERAGE CAPITAL BY STAGE Angel: $77k (€60k) of 1 deal Seed: $65.1k (€48.5k) of 7 deals Venture: $646.3k (€482.5k) of 4 deals
  21. 21. TYPES OF INVESTMENTS Percentage Angel % Seed % Venture % Value Angel $ Seed $ Venture $
  22. 22. ORIGIN OF INVESTMENTS Percentage Value Domestic $ Foreign $Domestic % Foreign %
  23. 23. INVESTMENT RANGES 0% 10% 20% 30% 40% $0-$50k $50k-$100k $100k-$250k $250k-$500k $500k-$1m $1m-$2m $2m+ 2012 2013
  24. 24. CAPITAL INVESTED Finext Startup, Day One Capital DBH Investment Széchenyi Tőkebefektetési Alap Day One Capital iCatapult Undisclosed Investors Enterprise Ireland Tekes, Startup Foundation Propeller Venture Accelerator Startup Chile MNG International Investments $0.2m $0.4m $0.6m $0.8m $1.0m
  25. 25. CAPITAL RAISED OptoForce Agorix Virtual Call Center Sopreso EDMdesigner Sighter iLandGuide Mixgar Antavo Synetiq Quargo Brickflow Internfish Bandalizer BookBox $0.2m $0.4m $0.6m $0.8m $1.0m
  26. 26. TRENDS
  27. 27. NUMBER OF DEALS 2 4 6 8 10 12 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Angel Seed Venture
  28. 28. VALUE OF VENTURE DEALS $20m $40m $60m $80m $100m $120m 2010 2011 2012 2013
  29. 29. VALUE OF SEED DEALS $100k $200k $300k $400k $500k $600k 2010 2011 2012 2013
  30. 30. AVERAGE INVESTMENT SIZE $3m $6m $8m $11m 2010 2011 2012 2013 Venture $150k $300k $450k $600k 2010 2011 2012 2013 Seed
  31. 31. HUNGARIAN STARTUP ECOSYSTEM, 2013 ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2013 DATA AVAILABLE ONLINE, VISIT US AT: STARTUPS.HU Startups.hu is currently tracking 92 Hungarian tech startups, and 56 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. Our goal is to make the Hungarian startup ecosystem transparent and predictable, thus more attractive for international venture capital.

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