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HUNGARIAN STARTUP ECOSYSTEM, 2013

ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2013
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...
STARTUPS
YEAR OF FOUNDING

25

20

15

10

5

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013
TECHNOLOGY

Hungary

Silicon Valley*

Web

Mobile

Web+Mobile

Software

* Source: Startup Ecosystem Report 2012, Startup ...
STAGES

Hungary

Silicon Valley*

Discovery

Validation

Efficiency

Scale

* Source: Startup Ecosystem Report 2012, Startu...
OPERATION

Hungary

Silicon Valley*

Bootstrapped

Funded

* Source: Startup Ecosystem Report 2012, Startup Genome Project...
ROUNDS OF FUNDING

Hungary

0

1

2

3
JOB CREATION

Hungary

Silicon Valley*

Discovery

Validation

Efficiency

Scale

* Source: Startup Ecosystem Report 2012, ...
NUMBER OF EMPLOYEES

4

3

2

1

5-9

10-14

15-19

20-29

30-49

50-99

100+
INVESTMENTS
NUMBER OF DEALS

12

10

8

6

4

2

2000

2001

2002

2003

2004

Angel

2005

2006

2007

Seed

2008

2009

Venture

201...
VALUE OF VENTURE DEALS

$100m

$80m

$60m

$40m

$20m

2011

2012

2013
VALUE OF SEED DEALS

$500k

$400k

$300k

$200k

$100k

2011

2012

2013
NUMBER OF DEALS

20

15

10

5

0

Jan

Feb

Mar

Apr

May

Jun

2013

Jul

2012

Aug

Sep

Oct

Nov

Dec
TOTAL CAPITAL RAISED

$3.12m (€2.3m) in 12 deals
DEAL CURRENCIES

USD 240k in 2 deals,
EUR 120k in 3 deals,
HUF 608m in 7 deals.
AVERAGE CAPITAL BY STAGE

Angel: $77k (€60k)
Seed: $65.1k (€48.5k)
Venture: $646.3k (€482.5k)
TYPES OF INVESTMENTS

Percentage

Angel %

Seed %

Value

Venture %

Angel $

Seed $

Venture $
INVESTMENT RANGES

40%

30%

20%

10%

$0-$50k

$50k-$100k

$100k-$250k $250k-$500k

2013

$500k-$1m

$1m-$2m

$2m+
ORIGIN OF INVESTMENTS

Percentage

Domestic %

Value

Foreign %

Domestic $

Foreign $
CAPITAL INVESTED

Finext Startup, Day One Capital
DBH Investment
Széchenyi Tőkebefektetési Alap
Day One Capital
iCatapult
...
CAPITAL RAISED

OptoForce
Agorix
Virtual Call Center
Sopreso
EDMdesigner
Sighter
iLandGuide
Mixgar
Antavo
Synetiq
Quargo
B...
HUNGARIAN STARTUP ECOSYSTEM, 2013
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2013
DATA AVAILABLE ONLINE, VISI...
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Hungarian Startup Ecosystem 2013 (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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Hungarian Startup Ecosystem 2013 (Preview)

  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 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 86 startups, 43 investors, and 56 deals.
  7. 7. STARTUPS
  8. 8. YEAR OF FOUNDING 25 20 15 10 5 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 4 3 2 1 5-9 10-14 15-19 20-29 30-49 50-99 100+
  15. 15. INVESTMENTS
  16. 16. NUMBER OF DEALS 12 10 8 6 4 2 2000 2001 2002 2003 2004 Angel 2005 2006 2007 Seed 2008 2009 Venture 2010 2011 2012 2013
  17. 17. VALUE OF VENTURE DEALS $100m $80m $60m $40m $20m 2011 2012 2013
  18. 18. VALUE OF SEED DEALS $500k $400k $300k $200k $100k 2011 2012 2013
  19. 19. NUMBER OF DEALS 20 15 10 5 0 Jan Feb Mar Apr May Jun 2013 Jul 2012 Aug Sep Oct Nov Dec
  20. 20. TOTAL CAPITAL RAISED $3.12m (€2.3m) in 12 deals
  21. 21. DEAL CURRENCIES USD 240k in 2 deals, EUR 120k in 3 deals, HUF 608m in 7 deals.
  22. 22. AVERAGE CAPITAL BY STAGE Angel: $77k (€60k) Seed: $65.1k (€48.5k) Venture: $646.3k (€482.5k)
  23. 23. TYPES OF INVESTMENTS Percentage Angel % Seed % Value Venture % Angel $ Seed $ Venture $
  24. 24. INVESTMENT RANGES 40% 30% 20% 10% $0-$50k $50k-$100k $100k-$250k $250k-$500k 2013 $500k-$1m $1m-$2m $2m+
  25. 25. ORIGIN OF INVESTMENTS Percentage Domestic % Value Foreign % Domestic $ Foreign $
  26. 26. 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
  27. 27. 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
  28. 28. 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 88 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.

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