The document analyzes funding and M&A trends in the European and Israeli Internet of Things (IoT) industry in 2015 and early 2016. Some key findings include:
- IoT funding has accelerated significantly, with €242 million invested in the first four months of 2016 compared to €411 million for all of 2015.
- Later stage deals are becoming more common as the sector matures. However, most deals are still early stage investments under €5 million.
- Germany, Israel, and France have seen the most IoT funding activity. Automotive, smart home, and health sectors attracted the most investment.
- Network solutions were the top funded vertical in 2015 due to large rounds like SIGFOX's
The document provides an overview of artificial intelligence and machine learning from White Star Capital. It discusses the history and evolution of AI from the 1950s to present day, including milestones like the development of neural networks, Deep Blue defeating Kasparov at chess, and AlphaGo defeating the Go champion. The document also defines key AI concepts like machine learning, deep learning, supervised vs unsupervised vs reinforcement learning. It analyzes the growth of the AI sector and increasing investment in areas like AI-first companies, fintech, mobility, healthtech, and more.
This document provides an overview and summary of investments and mergers & acquisitions in the Ukrainian tech sector in 2018 and the first quarter of 2019. It finds that 2018 saw a record $323 million in venture capital and private equity deals, a 22% increase over 2017. However, 71% of total funding went to three global companies with R&D operations in Ukraine. Early-stage funding remained flat, with most coming from foreign investors. Recent M&A activity has focused on software development outsourcing firms. Notable 2019 deals include a $10 million investment in an IoT security company and investments in a custom software developer and fintech lending platform.
Finch Capital in partnership with Dealroom released a
detailed data analytical report titled ‘The State of European FinTech, 2019 edition’, and reveals the drivers behind the strong value creation, the investors and the buyers of the fintech over the last five years.
This document discusses the relationship between traditional financial services (finserv) and financial technology (fintech) companies. It argues that finserv companies must adopt technology-driven business models to remain competitive. While fintech startups currently have advantages in areas like user experience and costs, collaborations between fintech and finserv will allow each to leverage the other's strengths for mutual benefit. The document outlines opportunities for systems integrators and service providers like NTT DATA Italia to partner with fintechs and finservs on proof of concepts, use cases, and innovation projects in emerging areas like blockchain and open banking APIs.
This document outlines the program for a webinar on Finland in global value chains. The webinar will include opening remarks, a presentation of project results and report by representatives from Statistics Finland and OECD, and a comment from the Ministry of Foreign Affairs. The project used microdata linking between business and trade data to provide new insights into Finland's integration into global value chains. It found that the foreign content of exports is higher than previously estimated, services have grown in exports, and that larger firms and multinationals rely more on imports but can help smaller firms through upstream integration.
The document is an annual report by AVentures Capital covering the Ukrainian tech investment industry in 2020. It summarizes that total funding volume reached a record high of $571 million despite the COVID-19 pandemic, with most funds going to a few global companies with Ukrainian roots. Early-stage funding also hit record highs, though international funds provided the majority. Exits increased in number but most were of moderate value. The software development outsourcing industry saw consolidation trends amid remote work formats.
The document provides an overview of artificial intelligence and machine learning from White Star Capital. It discusses the history and evolution of AI from the 1950s to present day, including milestones like the development of neural networks, Deep Blue defeating Kasparov at chess, and AlphaGo defeating the Go champion. The document also defines key AI concepts like machine learning, deep learning, supervised vs unsupervised vs reinforcement learning. It analyzes the growth of the AI sector and increasing investment in areas like AI-first companies, fintech, mobility, healthtech, and more.
This document provides an overview and summary of investments and mergers & acquisitions in the Ukrainian tech sector in 2018 and the first quarter of 2019. It finds that 2018 saw a record $323 million in venture capital and private equity deals, a 22% increase over 2017. However, 71% of total funding went to three global companies with R&D operations in Ukraine. Early-stage funding remained flat, with most coming from foreign investors. Recent M&A activity has focused on software development outsourcing firms. Notable 2019 deals include a $10 million investment in an IoT security company and investments in a custom software developer and fintech lending platform.
Finch Capital in partnership with Dealroom released a
detailed data analytical report titled ‘The State of European FinTech, 2019 edition’, and reveals the drivers behind the strong value creation, the investors and the buyers of the fintech over the last five years.
This document discusses the relationship between traditional financial services (finserv) and financial technology (fintech) companies. It argues that finserv companies must adopt technology-driven business models to remain competitive. While fintech startups currently have advantages in areas like user experience and costs, collaborations between fintech and finserv will allow each to leverage the other's strengths for mutual benefit. The document outlines opportunities for systems integrators and service providers like NTT DATA Italia to partner with fintechs and finservs on proof of concepts, use cases, and innovation projects in emerging areas like blockchain and open banking APIs.
This document outlines the program for a webinar on Finland in global value chains. The webinar will include opening remarks, a presentation of project results and report by representatives from Statistics Finland and OECD, and a comment from the Ministry of Foreign Affairs. The project used microdata linking between business and trade data to provide new insights into Finland's integration into global value chains. It found that the foreign content of exports is higher than previously estimated, services have grown in exports, and that larger firms and multinationals rely more on imports but can help smaller firms through upstream integration.
The document is an annual report by AVentures Capital covering the Ukrainian tech investment industry in 2020. It summarizes that total funding volume reached a record high of $571 million despite the COVID-19 pandemic, with most funds going to a few global companies with Ukrainian roots. Early-stage funding also hit record highs, though international funds provided the majority. Exits increased in number but most were of moderate value. The software development outsourcing industry saw consolidation trends amid remote work formats.
The document is the 2020 edition of the DealBook of Ukraine published by AVentures Capital. It provides an overview of the Ukrainian tech investment landscape in 2019. Some of the key highlights include:
- 2019 saw a record total funding volume of $544M, driven by a few large rounds, while early stage investment remained flat.
- The three largest deals (Grammarly, GitLab, People.ai) accounted for 77% of the total funding.
- Exits increased with notable acquisitions like AI Factory and Cropio, but most deals were smaller than $100M.
- International investors provided the majority of early stage capital while local funds focused on seed deals.
- Ukraine remained an
The Australia FinTech Report 2021 report is an in-depth analysis of the rapidly evolving FinTech sector in Australia. The report takes a close look at the dynamic FinTech startups in the continent to understand the factors driving innovation. Read Australia FinTech Report 2021 to discover what makes Australia’s FinTech landscape unique—CDR and Open Banking, M&A, the FinTech segments powered by a flourishing ecosystem, growth in the FinTech ecosystem, and much more!
Construyendo una sociedad digital sostenible: Todo es posible en el mundo dig...AMETIC
Cecilia Bonefeld-Dahl is the Director General of DIGITALEUROPE, a trade association representing over 25,000 digital technology companies in Europe. She has over 25 years of experience in the ICT sector, including building two IT SMEs. DIGITALEUROPE advocates for a digital business environment in Europe and works with stakeholders on issues like digital skills, infrastructure, security, privacy, and data flows. They provide input and recommendations to European leaders on digital topics.
This document discusses Italy's plans to become a leader in digital transformation through large public and private investments. It outlines Italy's strategy to digitize the public sector, support innovation in key industries like food and manufacturing, address youth unemployment through education programs, and support entrepreneurship through new investment funds. The document also discusses the difference between Industry 4.0's focus on production and Enterprise 4.0's broader focus on R&D, customer experience, and value from digitization. It positions Cisco as a partner to help organizations develop strategies and roadmaps to transition to digital manufacturing and new business models through technologies like converged networks, real-time data, and mobility services.
The document provides an overview of the Ukrainian venture capital and private equity market in 2016. Some key points:
- There were 87 deals in 2016 totaling $88 million invested, a 125% increase over 2014.
- The majority of deals and capital invested were at the seed stage. Online services saw the largest growth.
- Ukrainian capital dominated deals though some large deals had Russian and international investors.
- The number and quality of startups increased but investors said there is still room for growth.
- Factors like tax incentives and a skilled workforce are improving Ukraine's investment climate and competitiveness.
Chapter 1 - Impact of COVID-19 on FinTech: A resilient European tech growth engine. Overall impact was in line with expectations, except for payments and mortgages. For payments, the e-commerce boost made up for travel falls. Top European FinTechs took this chance to revaluate cost inefficiencies and lived to fight another day with reduced sales and increased customer support. The next 6 to 12 months will be more challenging when new funding is required.
Chapter 2 - European FinTech landscape buoyancy enabled by massive government support. 2020 has been surprisingly resilient, with funding up 20% including government programs, but down 10% excluding this. Banking & payments searched for simplicity as an overcrowded
Un año más hemos presentado las Previsiones de IDC España para el año 2014.
Once again IDC Spain has presented our Predictions for 2014.
#IDCpredictions
This document provides an overview and agenda for an IDC event. It discusses IDC's value proposition including their expertise in market intelligence, global analyst network, industry focus, research methodology, insights, and customer focus. It also highlights IDC's global research presence with over 1,100 analysts located worldwide and research centers in numerous countries. Finally, it promotes some upcoming IDC events and programs in Spain around predictions, expertise awards, and new client initiatives.
The document discusses open banking and its potential in India. It defines open banking as an ecosystem that provides users access to their financial data from multiple institutions via application programming interfaces (APIs). This allows third parties to build applications and services on top of banking data with user consent. The key points discussed are:
- Open banking moves banking services from closed proprietary systems to an open model where data and services can be shared through APIs.
- It allows for more personalized services, innovation, and a 720-degree view of customers through data sharing with consent.
- Banks can play different roles like producers, integrators, distributors or platforms to monetize open banking. Revenue models may include fees, revenue sharing
Fintech overview for HEIG-VD lecture, December 2016Jérôme Vasamillet
Hello, I'd like to share a presentation I prepared for a lecture at the HEIG-VD engineering and management school in Switzerland, focusing on Fintech with a Global and Swiss overview. Being a long lecture in front of students in International Innovation Management, it looks at Fintech under various angles, and also presents the Startup Weekend Fintech Geneva which I co-organize, as a pre-Fintech startup experience. Hope you enjoy the pack! Jérôme.
The Ukrainian venture market saw record investment levels in 2015, with total funding reaching $132 million - over triple the amount in 2014. This was mainly driven by three large growth-stage deals totaling $100 million. Early-stage investments also increased, with the average seed round growing to $380,000. Ukrainian investors committed a record $68 million in 2015, nearly matching foreign investors and demonstrating increased confidence and maturity in the local startup ecosystem. The success of globally-focused startups has also attracted more international funding.
Presentation on current status of the German ICT market. The slides provide data and statistics on trends and opportunities for domestic and foreign companies interested in doing business there.
Second part deals with possible strategies to enter the German market and what challenges are to be expected.
The slides are part of a lecture held at a technology and entrepreneurship conference in Belgrade, Serbia.
The investment volume in Ukraine's venture capital IT industry reached a record high of $265M in 2017, a 231% increase from 2016. Most of the growth came from large growth and secondary deals and a dozen Series A deals. The number of identified deals was 44, down from previous years. Seed rounds declined in number and volume while Series A rounds hit a record high average size of $4.78M. Foreign capital accounted for 96% of the total investment volume, with investors based in the US, UK, and Israel among the most active. Key sectors like software and online services saw significant growth. There were 5 disclosed exits worth $8M in total.
Indonesian Tech Ecosystem Report - Bits by BricksRama Manusama
Telkom Indonesia is committed to supporting Indonesia's growing startup ecosystem through its corporate venture arm, MDI Ventures. Historically, the telecommunications industry has been disrupted by new technologies like email replacing telegraphs. Telkom recognizes that digital revolution is ongoing and companies must evolve to stay ahead. This report discusses Indonesia's promising potential for tech startups due to factors like demographics and internet growth, but also notes barriers to startup growth in the country, including payments issues, consumer behavior challenges, and difficulties of doing business. The report argues that corporate involvement is crucial for startups to scale in Indonesia by providing infrastructure, market access, and strategic partnerships.
Review looking at the future of financial technologies (FinTech) up to 2025.
This report sets out the findings of a review by the Government Chief Scientific Adviser on FinTech. It looks at:
* what government can do to help achieve the economic potential of FinTech
* how companies can work more closely with academia to ensure that the UK continues to be a world leader in this area
It recommends a number of actions for government to support the growth of the sector.
Open Banking Strategy and Business ModelChris Skinner
The document discusses the changing landscape of large companies and industries. It notes that technology companies have surpassed oil companies to become the largest firms by market capitalization. Silicon Valley now dominates the top rankings where previously it was oil barons. Additionally, it discusses the rise of fintech firms and new technology giants from China like Ant Financial, which has a larger market cap than many global banks despite being much younger. The structure and needs of the financial industry are shifting as new digital entrants challenge traditional banks.
Tracxn Research Ad Tech Landscape, October 2016Tracxn
Investments in the adtech industry are driven by mobile, digital video, cross-screen advertising and programmatic buying targeting specific sectors or audience groups.
Mr Lorenz Nokia Siemens The Impact of Smart Devices on The Liquid NetworkIDATE DigiWorld
The document discusses the impact of smart devices on mobile networks based on testing done in Nokia Siemens Networks' Smart Labs. Key findings include:
1) Smartphones and tablets now generate the majority of mobile data traffic compared to older mobile devices. Data usage per device is increasing rapidly.
2) The proliferation of different cell sizes and wireless technologies has created a heterogeneous mobile network environment that is difficult to manage with traditional methods.
3) Initial Smart Lab tests found that advertising delivered with Angry Birds gameplay more than tripled signaling traffic on Android phones compared to the game alone.
4) VoIP calling on smartphones was found to consume more power and network resources than traditional cellular voice calls, while often
Part of The Leading Edge executive signature series, this presentation, “The Anatomy of Growth: How a well-implemented CRM system is essential to sustained corporate growth” was delivered by Walter Fawcett, Founder of Fawcett Technology Advisors, at SoCal BMA’s 3rd Annual Regional Conference, “Process to Profits: Customer-Centric Strategies for Accelerating Growth”. The conference was held November 17, 2016, in Irvine, CA.
The document is the 2020 edition of the DealBook of Ukraine published by AVentures Capital. It provides an overview of the Ukrainian tech investment landscape in 2019. Some of the key highlights include:
- 2019 saw a record total funding volume of $544M, driven by a few large rounds, while early stage investment remained flat.
- The three largest deals (Grammarly, GitLab, People.ai) accounted for 77% of the total funding.
- Exits increased with notable acquisitions like AI Factory and Cropio, but most deals were smaller than $100M.
- International investors provided the majority of early stage capital while local funds focused on seed deals.
- Ukraine remained an
The Australia FinTech Report 2021 report is an in-depth analysis of the rapidly evolving FinTech sector in Australia. The report takes a close look at the dynamic FinTech startups in the continent to understand the factors driving innovation. Read Australia FinTech Report 2021 to discover what makes Australia’s FinTech landscape unique—CDR and Open Banking, M&A, the FinTech segments powered by a flourishing ecosystem, growth in the FinTech ecosystem, and much more!
Construyendo una sociedad digital sostenible: Todo es posible en el mundo dig...AMETIC
Cecilia Bonefeld-Dahl is the Director General of DIGITALEUROPE, a trade association representing over 25,000 digital technology companies in Europe. She has over 25 years of experience in the ICT sector, including building two IT SMEs. DIGITALEUROPE advocates for a digital business environment in Europe and works with stakeholders on issues like digital skills, infrastructure, security, privacy, and data flows. They provide input and recommendations to European leaders on digital topics.
This document discusses Italy's plans to become a leader in digital transformation through large public and private investments. It outlines Italy's strategy to digitize the public sector, support innovation in key industries like food and manufacturing, address youth unemployment through education programs, and support entrepreneurship through new investment funds. The document also discusses the difference between Industry 4.0's focus on production and Enterprise 4.0's broader focus on R&D, customer experience, and value from digitization. It positions Cisco as a partner to help organizations develop strategies and roadmaps to transition to digital manufacturing and new business models through technologies like converged networks, real-time data, and mobility services.
The document provides an overview of the Ukrainian venture capital and private equity market in 2016. Some key points:
- There were 87 deals in 2016 totaling $88 million invested, a 125% increase over 2014.
- The majority of deals and capital invested were at the seed stage. Online services saw the largest growth.
- Ukrainian capital dominated deals though some large deals had Russian and international investors.
- The number and quality of startups increased but investors said there is still room for growth.
- Factors like tax incentives and a skilled workforce are improving Ukraine's investment climate and competitiveness.
Chapter 1 - Impact of COVID-19 on FinTech: A resilient European tech growth engine. Overall impact was in line with expectations, except for payments and mortgages. For payments, the e-commerce boost made up for travel falls. Top European FinTechs took this chance to revaluate cost inefficiencies and lived to fight another day with reduced sales and increased customer support. The next 6 to 12 months will be more challenging when new funding is required.
Chapter 2 - European FinTech landscape buoyancy enabled by massive government support. 2020 has been surprisingly resilient, with funding up 20% including government programs, but down 10% excluding this. Banking & payments searched for simplicity as an overcrowded
Un año más hemos presentado las Previsiones de IDC España para el año 2014.
Once again IDC Spain has presented our Predictions for 2014.
#IDCpredictions
This document provides an overview and agenda for an IDC event. It discusses IDC's value proposition including their expertise in market intelligence, global analyst network, industry focus, research methodology, insights, and customer focus. It also highlights IDC's global research presence with over 1,100 analysts located worldwide and research centers in numerous countries. Finally, it promotes some upcoming IDC events and programs in Spain around predictions, expertise awards, and new client initiatives.
The document discusses open banking and its potential in India. It defines open banking as an ecosystem that provides users access to their financial data from multiple institutions via application programming interfaces (APIs). This allows third parties to build applications and services on top of banking data with user consent. The key points discussed are:
- Open banking moves banking services from closed proprietary systems to an open model where data and services can be shared through APIs.
- It allows for more personalized services, innovation, and a 720-degree view of customers through data sharing with consent.
- Banks can play different roles like producers, integrators, distributors or platforms to monetize open banking. Revenue models may include fees, revenue sharing
Fintech overview for HEIG-VD lecture, December 2016Jérôme Vasamillet
Hello, I'd like to share a presentation I prepared for a lecture at the HEIG-VD engineering and management school in Switzerland, focusing on Fintech with a Global and Swiss overview. Being a long lecture in front of students in International Innovation Management, it looks at Fintech under various angles, and also presents the Startup Weekend Fintech Geneva which I co-organize, as a pre-Fintech startup experience. Hope you enjoy the pack! Jérôme.
The Ukrainian venture market saw record investment levels in 2015, with total funding reaching $132 million - over triple the amount in 2014. This was mainly driven by three large growth-stage deals totaling $100 million. Early-stage investments also increased, with the average seed round growing to $380,000. Ukrainian investors committed a record $68 million in 2015, nearly matching foreign investors and demonstrating increased confidence and maturity in the local startup ecosystem. The success of globally-focused startups has also attracted more international funding.
Presentation on current status of the German ICT market. The slides provide data and statistics on trends and opportunities for domestic and foreign companies interested in doing business there.
Second part deals with possible strategies to enter the German market and what challenges are to be expected.
The slides are part of a lecture held at a technology and entrepreneurship conference in Belgrade, Serbia.
The investment volume in Ukraine's venture capital IT industry reached a record high of $265M in 2017, a 231% increase from 2016. Most of the growth came from large growth and secondary deals and a dozen Series A deals. The number of identified deals was 44, down from previous years. Seed rounds declined in number and volume while Series A rounds hit a record high average size of $4.78M. Foreign capital accounted for 96% of the total investment volume, with investors based in the US, UK, and Israel among the most active. Key sectors like software and online services saw significant growth. There were 5 disclosed exits worth $8M in total.
Indonesian Tech Ecosystem Report - Bits by BricksRama Manusama
Telkom Indonesia is committed to supporting Indonesia's growing startup ecosystem through its corporate venture arm, MDI Ventures. Historically, the telecommunications industry has been disrupted by new technologies like email replacing telegraphs. Telkom recognizes that digital revolution is ongoing and companies must evolve to stay ahead. This report discusses Indonesia's promising potential for tech startups due to factors like demographics and internet growth, but also notes barriers to startup growth in the country, including payments issues, consumer behavior challenges, and difficulties of doing business. The report argues that corporate involvement is crucial for startups to scale in Indonesia by providing infrastructure, market access, and strategic partnerships.
Review looking at the future of financial technologies (FinTech) up to 2025.
This report sets out the findings of a review by the Government Chief Scientific Adviser on FinTech. It looks at:
* what government can do to help achieve the economic potential of FinTech
* how companies can work more closely with academia to ensure that the UK continues to be a world leader in this area
It recommends a number of actions for government to support the growth of the sector.
Open Banking Strategy and Business ModelChris Skinner
The document discusses the changing landscape of large companies and industries. It notes that technology companies have surpassed oil companies to become the largest firms by market capitalization. Silicon Valley now dominates the top rankings where previously it was oil barons. Additionally, it discusses the rise of fintech firms and new technology giants from China like Ant Financial, which has a larger market cap than many global banks despite being much younger. The structure and needs of the financial industry are shifting as new digital entrants challenge traditional banks.
Tracxn Research Ad Tech Landscape, October 2016Tracxn
Investments in the adtech industry are driven by mobile, digital video, cross-screen advertising and programmatic buying targeting specific sectors or audience groups.
Mr Lorenz Nokia Siemens The Impact of Smart Devices on The Liquid NetworkIDATE DigiWorld
The document discusses the impact of smart devices on mobile networks based on testing done in Nokia Siemens Networks' Smart Labs. Key findings include:
1) Smartphones and tablets now generate the majority of mobile data traffic compared to older mobile devices. Data usage per device is increasing rapidly.
2) The proliferation of different cell sizes and wireless technologies has created a heterogeneous mobile network environment that is difficult to manage with traditional methods.
3) Initial Smart Lab tests found that advertising delivered with Angry Birds gameplay more than tripled signaling traffic on Android phones compared to the game alone.
4) VoIP calling on smartphones was found to consume more power and network resources than traditional cellular voice calls, while often
Part of The Leading Edge executive signature series, this presentation, “The Anatomy of Growth: How a well-implemented CRM system is essential to sustained corporate growth” was delivered by Walter Fawcett, Founder of Fawcett Technology Advisors, at SoCal BMA’s 3rd Annual Regional Conference, “Process to Profits: Customer-Centric Strategies for Accelerating Growth”. The conference was held November 17, 2016, in Irvine, CA.
Описание:
• Что значит Интернет ваших вещей?
• Как может быть использовано облако в IoT-проекте?
• Что такое Windows 10 IoT Core и как запустить Windows на плате?
• Тренды и проекты Интернета вещей
The document discusses relayr, an IoT innovation acceleration company. It highlights relayr's IoT platform, tools, and services that help accelerate businesses' entry into IoT. These include an IoT development kit, cloud platform, SDKs, and accelerator program to take businesses from requirements to prototype to pilot and rollout of an IoT solution within a quarter. The document provides examples of IoT solutions relayr has helped develop and discusses the benefits relayr can provide businesses in quickly responding to competitive IoT pressures and innovating with IoT.
El documento presenta el currículum de Aldo Lazcano Márquez, un diseñador industrial y productor mexicano. Incluye detalles sobre su educación formal en diseño industrial y lenguas, así como talleres en guionismo, cine y artesanías. También enumera su experiencia profesional extensa en la producción de programas de televisión, obras de teatro y cortometrajes para varias empresas de medios en México. Actualmente, Aldo trabaja como productor y director de arte a través de su propia compañía, Canda Producciones.
The Startup Foundation aims to promote high-growth startups by supporting entrepreneurship programs globally. It does this by mapping local startup ecosystems, identifying gaps, and launching initiatives to address priorities. Communities propose and vote on needed resources. The Foundation ensures top priorities are implemented and ecosystems are sustainably developed. It tracks job creation, entrepreneur challenges, and ecosystem growth across cities to share best practices. The goal is to provide just-in-time support to help entrepreneurs at each stage.
Este documento discute cómo vivir la vejez de manera positiva. Aunque envejecemos físicamente con el tiempo, la edad es algo que creamos nosotros mismos. Envejecemos cuando nos cerramos a nuevas ideas y olvidamos a los demás, no cuando nuestras pieles se arrugan. Para vivir una vejez feliz, debemos mantenernos activos mental y físicamente, apreciar cada momento, y seguir aprendiendo y disfrutando de la vida hasta el final.
EL MUNDO ES MI OFICINA de empleado a emprendedor - capítulo 1Luis Manriquez
Este capítulo introduce el tema del libro al discutir los problemas con el modelo tradicional de trabajo de oficina y la necesidad de cambiar la mentalidad hacia el emprendimiento. Señala que la mayoría de las personas odian sus trabajos actuales y que las universidades no enseñan sobre emprendimiento. Argumenta que es hora de dejar atrás la idea de solo trabajar para un jefe y en su lugar conectar la pasión con el trabajo a través del emprendimiento independiente.
Este documento trata sobre el pentaclorofenol (PCP), un pesticida de uso restringido para la conservación de madera debido a su alta toxicidad. Se describe su uso como herbicida, fungicida y preservante de madera, aplicado en concentraciones del 0.1% al 5%. El PCP se absorbe fácilmente a través de la piel y pulmones, y se distribuye a diversos tejidos del cuerpo. Puede causar dermatitis en trabajadores expuestos y efectos agudos como irritación de ojos, vómitos
Este documento presenta un temario sobre controladores lógicos dividido en 4 módulos. El Módulo IV se centra en el aprendizaje y adaptación de sistemas basados en reglas difusas. Dentro de este módulo, el Tema 9 trata sobre el diseño ad-hoc de controladores, explicando métodos como el de Wang y Mendel o el de Cordón y Herrera, que aprenden reglas a partir de ejemplos sin usar técnicas de optimización.
Este documento contiene varias noticias y artículos sobre Rotary, incluyendo cómo los clubes están adoptando la nueva identidad visual de Rotary, cómo facilitar la transición de Rotaract a Rotary, y cómo Rotary Direct permite donaciones fáciles y seguras a la Fundación Rotaria. También incluye información sobre actividades para jóvenes y el Brand Center de Rotary.
La Liga Bari invita a clubes, escuelas de fútbol e instituciones educativas a participar en su temporada 2014-2015, la cual incluye tres torneos (Copa, Liga y Verano) en categorías femeniles y varoniles. Se proporciona información sobre fechas, sedes, categorías participantes, costos de inscripción, pagos requeridos y documentación necesaria para el registro de jugadores.
Este documento explica qué son los lectores RSS y cómo funcionan. Los lectores RSS permiten que los usuarios reciban actualizaciones de sus sitios web favoritos de forma automática y sin necesidad de visitar cada sitio individualmente. Hay diferentes tipos de lectores RSS, incluidos programas que se instalan localmente, lectores en línea y extensiones de navegadores web. Los lectores RSS automatizan el proceso de verificar sitios web por actualizaciones y notificar a los usuarios sobre nuevos contenidos.
El documento habla sobre las diferentes formas de publicidad en Internet más allá de los banners. Describe formatos como el marketing de buscadores, email marketing, sistemas de afiliación, redes sociales y marketing móvil. También analiza por qué al usuario actual ya no le gustan los banners tradicionales y cómo la publicidad debe enfocarse en la personalización y segmentación.
Douglas Layne has over 40 years of experience in operations management, business development, sales, and accounting. He has worked in various industries including insurance, property management, fire and security systems, and electronics. His background includes overseeing daily operations, new business development, budgeting, financial reporting, and strategic planning. He aims to provide leadership, complete projects by deadlines, and help companies achieve growth.
An overview of the European venture and growth financing market in Q1 2017 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/q1-2017/
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Hub 39 is a nonprofit organization that facilitates business exchanges between organizations and individuals in Italy and abroad. It has chapters in different countries to provide qualified contacts for its members. The organization believes Italy can serve as a hub for international business with all it has to offer. The document also discusses topics like fintech, financial inclusion, internet usage statistics in Italy, and traditional players increasing partnerships with fintech companies.
The document provides an overview of recent tech and venture capital news and events through a series of short summaries:
1) Mobile World Congress saw continued momentum towards 5G but fragmentation in IoT and stagnation in smartphones. FCC may rollback net neutrality regulations.
2) Buyout funds have record dry powder and software deals have significantly outperformed, which could drive increased buyout activity in tech.
3) The UK government outlined its post-Brexit digital strategy focused on connectivity, skills, and making the UK a leader in digital business and data usage.
4) IBM is taking steps to commercialize quantum computing through partnerships to solve currently unsolvable problems in areas like drug discovery, supply
European smart home investments peaked in 2018 but have since declined, impacted by COVID-19. While the number of deals fell after 2018, average deal sizes increased. The UK secured the most deals, followed by Germany. Most funding went to security/safety, energy management and voice recognition companies. Major investors included corporate giants and VC funds, though crowdfunding also played a role. Notable acquirers were from the US, seeking to expand their smart home presence in Europe. The global market is projected to grow substantially, led by smart speakers, though COVID-19 has slowed 2020 growth.
Europe & Israel - VC Investment Trends 2015-2018 - Angular VenturesGil Dibner
Venture capital investment in Europe and Israel reached record levels in 2018, with $25.1 billion invested across 1,927 deals. This represented a 23% increase in dollars invested from 2017. Early venture, venture, growth, and mega-round investments all increased year-over-year, while seed investments declined slightly. The UK has seen no negative impact from Brexit, with average quarterly deal volume and dollars invested both increasing substantially since the 2016 referendum. 2018 was a strong year for venture investment across all categories.
The document discusses opportunities for investing in digital startups in Italy. It notes that the digital economy is growing rapidly and creating opportunities for new startups. Venture capital investment in startups has increased significantly in both the US and EU in recent years. Specifically, Italy has seen strong growth in tech deals and venture capital investment. The document argues that conditions in Italy are favorable for early stage startup development and investment, including low costs, tax incentives, and availability of human capital. It presents an arbitrage opportunity to invest in Italian startups at lower valuations that can then scale internationally at higher valuations.
The investment potential of growth capital and the digital economyAxon Partners Group
The document discusses investment opportunities in growth capital and the digital economy. It notes that alternative assets like private equity have historically offered higher returns than traditional assets. Specifically, growth capital within private equity has lower capital loss ratios and higher returns than venture capital and buyouts. The digital/tech sector receives over half of private equity investment and has seen strong revenue growth. Large digital companies have significant cash piles that help finance expansion. Emerging markets offer opportunities for valuation arbitrage by investing in growth companies at an earlier stage. Examples are provided of investments in digital companies in Latin America and Europe that achieved high returns.
Digital innovations -Empowering digital ecosystems and startups Soren Gigler
Presentation about the main programs of the Digital Innovation and Blockchain program at the European Commission to foster digital innovations, innovation ecosystems and enhance the access to finance for digital startups and scale-ups.
European Technology Growth Conference (May 2015)gerardgrech
The document discusses the growth of the UK's digital economy and its key drivers. It notes that Tech City UK was launched in 2010 to support digital entrepreneurship in London and UK cities. It outlines 6 key growth drivers powering the UK's digital economy: creative talent and expertise, investment capital, a strong business environment, infrastructure, a rich ecosystem, and location/culture. It provides statistics on digital employment and trends in areas like investment and acquisitions to argue that the UK is a leading digital economy.
An overview of the European venture and growth financing market in 2016 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/go4venture-2016-year-end-review/
- 2021 was a record year for venture capital investment globally and in Portugal, with investment volumes doubling in Europe and a 4x increase in Portugal to over €1.4B.
- A few large late-stage rounds dominated investment, including 4 new unicorns, but early-stage funding also increased, with seed round sizes up 94% on average.
- International investor participation grew significantly, representing over 60% more rounds and contributing to the rise in deal sizes.
The document summarizes findings from interviews with Chinese manufacturers regarding their adoption of industrial internet technologies. It conducted interviews with 6 manufacturers from different industries and structures, as well as a big data service provider and industry publication. The interviews found that while some large, automated manufacturers had begun collecting machine data, many lacked the in-house expertise to analyze the data and realize benefits. Most understood the importance of industrial internet but had no immediate timeline for adoption.
Growth, profits and valuations of unlisted fintech companies Research Extract...John Gilligan
The full report, examining the growth, profitability of over 500 fintech companies will be published in Dec 2016. Complimentary copies of previous research can be downloaded from novitasftcl.com
Discover the benefits of outsourcing SEO to Indiadavidjhones387
"Discover the benefits of outsourcing SEO to India! From cost-effective services and expert professionals to round-the-clock work advantages, learn how your business can achieve digital success with Indian SEO solutions.
Instagram has become one of the most popular social media platforms, allowing people to share photos, videos, and stories with their followers. Sometimes, though, you might want to view someone's story without them knowing.
Gen Z and the marketplaces - let's translate their needsLaura Szabó
The product workshop focused on exploring the requirements of Generation Z in relation to marketplace dynamics. We delved into their specific needs, examined the specifics in their shopping preferences, and analyzed their preferred methods for accessing information and making purchases within a marketplace. Through the study of real-life cases , we tried to gain valuable insights into enhancing the marketplace experience for Generation Z.
The workshop was held on the DMA Conference in Vienna June 2024.
Ready to Unlock the Power of Blockchain!Toptal Tech
Imagine a world where data flows freely, yet remains secure. A world where trust is built into the fabric of every transaction. This is the promise of blockchain, a revolutionary technology poised to reshape our digital landscape.
Toptal Tech is at the forefront of this innovation, connecting you with the brightest minds in blockchain development. Together, we can unlock the potential of this transformative technology, building a future of transparency, security, and endless possibilities.
2. INTRODUCTION
Since we started, one of the key aims of the team at Tech.eu has
been to track all of the funding rounds and exits in Europe,
providing the most comprehensive and accurate record and
analysis of the European technology scene.
We do this by meticulously monitoring hundreds of sources,
across multiple languages and regions.
During the last 18 months we’ve published multiple reports
focused on the funding and M&A markets at a Europe-wide
level, as well as country and vertical specific reports.
This report focuses on the European and Israeli Internet of
Things (IoT) sector in 2015 and early 2016.
In this report we take an in-depth look at the bigger funding and
M&A trends in the IoT sector, as well as an overview of the main
deals that have taken place in the region and the company and
investors involved.
This report covers IoT activity in 2015 and in the first four months
of 2016 (2016 YTD), unless stated otherwise.
The traditional definition of IoT refers to the process of adding
sensing and Internet connectivity capabilities to everyday life
objects.
However, we believe that the applications of IoT are vast, and
affect both hardware and software industries in the fields of:
• Agritech: crop and field management based on the analysis
of data collected by sensors
• Automotive: the connected car and related services
• Smart city: sensor-related transportation services and
hardware and software combinations for cities to run more
efficiently
• Smart home: digital and remote control of homes and
services
• Sports & health: wearable technologies and data
measurement
• Industrial IoT: sensor-based applications for the enterprise
and industrial sector
• Network solutions: development of networks that sustain IoT
services
• Developer tools: APIs and software tools to create and
manage IoT services
2
3. INTRODUCTION
Examples of companies in each vertical are shown on page 4, as
well as throughout the report.
This report is powered by Nokia Growth Partners, (NGP), an
independent, global venture firm backed solely by tech giant
Nokia. NGP has backed multiple IoT companies across the world
and has more than $1 billion in assets under management
including its $350 million IoT fund.
This report has also been put together in collaboration with
Dealroom.
Dealroom provides rich data, research and analytics on
technology companies.
Dealroom tracks over 500,000 companies and 5,000 investors
in Europe and beyond, using algorithms and natural language
processing. Data is augmented by their community of 7,500+
contributors such as founders, VCs, accelerators, governments
and tech journalists. Data is verified by a rigorous internal
manual curation process.
We’ve worked to make this report as comprehensive and
valuable as possible. Please refer to the end of this report for
methodology and disclaimers. For any questions or comments
regarding the report we invite you to email reports@tech.eu.
This report was written by:
• Jaime Novoa, analyst at Tech.eu
• Robin Wauters, founding editor of Tech.eu
• Yoram Wijngaarde, founder of Dealroom
• Julien Puls, financial analyst at Dealroom
3
4. TO THE MAN IN THE ARENA
4
In January this year, we stood in front of the Nokia board pitching to raise what is currently
the single largest fund for IoT investments in the world. Much like the entrepreneur pitches to
the VC to raise money, the VC pitches to the LP. Having realized not only the investment
opportunities that lie in IoT, but the power IoT technologies have to change our everyday life,
we knew we wanted to expand our commitment to IoT. With the $350 million of new money
that Nokia committed to invest, we are hard at work finding the most promising use cases
and entrepreneurs that will unlock the potential of IoT.
IoT creates new opportunities for everyone to get higher awareness of the things around us.
IoT will help open “dark pools” of data, information hitherto untapped, whereby we can
prevent diseases, use natural resources more efficiently, drive more safely and augment our
homes to new comfort levels.
Tech.eu has done a wonderful job in monitoring the IoT activities in Europe and pulling that
intelligence into this report. This paper celebrates both the up-and-coming and the already
proven IoT businesses in Europe, a market where IoT activity is growing rapidly.
Inspired by the famous Theodore Roosevelt speech, I want to dedicate this report to all the
men and women out there who spend their time building companies, who come up short
time and time again, who make mistakes but who, at best, in the end experience the triumph
of high achievement, and who, at worst, if they fail, at least fail while daring greatly. To the
men and women in the Arena. To all those who have managed to raise money for the cause
they believe in and those who continue building the companies of the future.
BO ILSOE - Managing Partner Nokia Growth Partners (NGP)
5. INDEX
5
Introduction 2-3
The the man in the IoT arena (Nokia Growth Partners) 4
Index 5
IoT Verticals 6
Key funding takeaways 7
Key exit takeaways 8
Funding analysis 9
Key funding trends 10
Funding by quarter (2015 – Q1 2016) 11
Funding by month (2015 – 2016 YTD) 12
Funding by stage (2015 – Q1 2016) 13
Funding by size of investment (2015 – 2016 YTD) 14
Funding activity by country (2015) 15
Funding activity by country (2016 YTD) 16
Funding by vertical (2015) 17
Funding by vertical (2016 YTD) 18
Nokia Growth Partners 19
Iot Investment heatmap 20
Top 10 funding rounds (2015) 21
Top 10 funding rounds (2016 YTD) 22
Top investors by numbers of deals (2015 - 2016 YTD) 23
Notable funding rounds 24-32
Exit analysis 33
Key exit trends 34
Exits by quarter 35
Exits by month & VC involvement (2015 – 2016 YTD) 36
Exits by location of acquired companies & acquirers (2015 – 2016 YTD) 37
Exits by vertical (2015 – 2016 YTD) 38
Top exits (2015 – 2016 YTD) 39
Notable M&A transactions 40-43
Notable IoT startups 44-54
European IoT landscape: Future predictions 55
What does the future hold? 56
Methodology and disclaimers 57-60
6. IoT VERTICALS
6
Automotive Agritech Smart city
Smart
home
Sports
Developer
tools
Health
Network
solutions
Industrial
Seed Stage
Early Growth
Stage
Late Growth
Stage
10. KEY FUNDING TRENDS
An accelerating industry
The European and Israeli IoT industry is accelerating. In 2015 there
were 84 investments in the space, worth a combined €411 million.
In the first four months of 2016 alone, the region has seen up to
€242 million invested in IoT companies, across 49 deals.
The latter figures represent a significant year-on-year increase. In
Q1 2015 there were just nine IoT funding deals, versus 41 in the
same period in 2016.
In the first four months of 2016 there has been an average of 12 IoT
funding deals per month, a considerable uplift compared to the
previous year, that have combined for €242 million, or almost 60%
of all capital raised in the sector in all of 2015, and a 23% year-on-
year uplift.
The maturation of IoT companies
As a somewhat nascent vertical and technology, it should be no
surprise that the vast majority of IoT investments in Europe and
Israel have been quite small, to date, of €1 million or smaller.
10
However, over the past few months and quarters, the number of
investments in the €1 million to €10 million bracket (as well as
Series A and B deals) have increased significantly, a sign that the
sector is maturing fast and that a certain number of companies
have found product/market fit and have stronger capital needs.
Late-stage investments continue to be rare, and only French
company SIGFOX raised more than €100 million in a single round
since the beginning of 2015 (€104.5 million).
Building the infrastructure to connect millions of new devices
Germany, Israel and France are the three countries that have
shown the highest levels of IoT tech-related funding activity in
2015 and early 2016. Vertical-wise, network solutions (which are
key to build the necessary infrastructure to provide connectivity to
millions of devices), smart home, automotive, health solutions and
developer tools, are the verticals that have attracted most investor
attention.
It’s also worth highlighting the significant involvement of corporate
investors in IoT investments, such as Cisco (Evrythng, Veniam,
Worldsensing), Verizon (Veniam) and Orange (Actility, Veniam), and
also Nokia’s acquisition of Withings.
11. ANALYSIS
• Funding activity in the IoT sector has grown significantly over
the past few quarters, both in terms of number of funding
rounds and total investment volume
• European and Israeli IoT companies raised €411 million
across 84 deals in 2015
• In the first quarter of 2016, 41 different IoT companies
received a combined €159 million in venture funding
• These figures represent a significant year-on-year uplift,
especially in terms of total number of investments, which
grew exponentially, from eight in Q1 2015 to more than 40 in
the first three months of 2016
Funding by quarter (2015 - Q1 2016)
11
Funding deals
Q1 2016
Investment
volume Q1 2016
YoY change +356% -7%
QoQ change +37% +33%
Numberofdeals
€172 €67 €53 €120 €159
0
5
10
15
20
25
30
35
40
45
€0
€20
€40
€60
€80
€100
€120
€140
€160
€180
€200
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Millions
Investment volume Number of deals
12. ANALYSIS
• Monthly data also shows an acceleration in IoT investment
activity towards the second half of 2015 and early 2016
• Investment volume peaked in February 2015, mostly due to
France-based SIGFOX’s €104.5 million round
• In terms of number of deals, November 2015 was the most
active month, with 19 investments in IoT companies. Another
French company, Netatmo, was mostly responsible for the
spike in investment volume in November, as it raised €30
million
• In early 2016, there have been at least 11 IoT investments per
month, representing a significant increase compared to the
same period a year ago. The spike seen in April 2016 was
caused by large rounds from French automotive companies
Drivy and Koolicar
Funding by month (2015 - 2016 YTD)
12
Numberofdeals
0
2
4
6
8
10
12
14
16
18
20
€0
€20
€40
€60
€80
€100
€120
Millions
Investment volume Number of deals
13. ANALYSIS
• As a relatively nascent sector, the vast majority of
investments in Internet of Things companies have
traditionally taken place at the early stage
• Interestingly, the number of seed-stage deals has remained
constant over the past few quarters. At the same time, Series
A and B deals have increased, which points to the maturation
of the sector and increasing capital needs for IoT companies
with good traction
• The only three Series C (or beyond) IoT funding deals seen in
Europe since 2015 were Moovit’s €45.4 millionSigfox’s
€104.5 million and Drivy’s €31 million in April 2016
Funding by stage (2015 – Q1 2016)
13
0
5
10
15
20
25
30
35
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Seed Series A Series B Series C Series D
Numberofdeals
* Analysis based on rounds of which the stage was specifically disclosed.
14. ANALYSIS
Funding by size of investment (2015 – 2016 YTD)
14
• As previously mentioned, since 2015 the majority of IoT
investments have been relatively small in size (lower than €5
million)
• While funding rounds of €1 million or smaller have plateaued
at approximately 10 per quarter, in Q1 2016 there was a
noteworthy increase in €1 million to €5 million deals, which
rose to 15 such deals for the quarter
• The same trend applies to investments of €5 million to €20
million; another sign of the maturation of the space and the
acceleration of the IoT industry
• Late-stage deals continued to be relatively uncommon, with
just six larger than €20 million in the past five quarters
0
2
4
6
8
10
12
14
16
€0 to €1M €1 to €5M €5 to €10M €10 to €20M €20 to
€100M
>€100M
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016Numberofdeals
15. 15
11 11
10 10
6
5
3 3
2
ANALYSIS
Funding activity by country (2015)
15
• Israel accounted for the highest number of IoT investments in
2015, at 14, thanks to a significant level of activity in the IoT
verticals of developer tools and smart cities
• Four additional countries saw at least 10 IoT deals last year:
UK, France, Sweden and The Netherlands
• Germany, which has traditionally ranked in Europe’s top three
countries in terms of investments, saw just six IoT deals in
2015
• IoT companies from at least 16 different European countries
raised capital in 2015 Numberofdeals
16. ANALYSIS
Funding activity by country (2016 YTD)
16
• Germany-based IoT startups have gotten off to a fast start in
2016, with nine investments in the first four months of the
year in areas where the country has traditionally have a
strong presence: automotive, industrial IoT and network
solutions
• France ranked second, with 8 IoT investments in Q1 2016
• Israel, which led the region in 2015, saw seven investments in
early 2016
• Sweden and the UK rounded the top five, with five and four
deals, respectively
9
8
7
5
4
3
2 2 2
1
Numberofdeals
17. ANALYSIS
Funding by vertical (2015)
17
• Network solution IoT companies, led by SIGFOX’s €104.5
million round, attracted the highest percentage of capital in
the sector, at €150 million across eight deals
• Smart city was the second vertical in terms total investment
volume, largely thanks to Moovit’s €45.4 million Series C in
January 2015
• Companies that build IoT tools (frameworks, APIs) to be used
by developers were also high on the list, with 10 investments
• Although not visible on the graph to the right, it’s worth
noting that in 2015 there were four investments in the IoT
retail sector (which combined for just €500,000 million)
Numberofdeals
0
2
4
6
8
10
12
€-
€20
€40
€60
€80
€100
€120
€140
€160
Millions
Investment volume Number of deals
18. ANALYSIS
Funding by vertical (2016 YTD)
18
• So far in 2016, automotive companies have attracted €55
million across five deals, the largest amount for any IoT
category this year, thanks to big rounds from Drivy and
Koolicar
• In just four months, there have been as many investments in
the smart home sector as in 2015; another sign of the
acceleration visible in the IoT space over the past few
quarters. Smart home startups raised a combined €38 million
in January through April 2016, vs. €42 million in 2015
• Health was the second category in terms of number of deals,
with six investments worth a combined €23 million
• Six different verticals saw investment activity surpass the €20
million barrier in January through April 2016
0
2
4
6
8
10
12
€0
€10
€20
€30
€40
€50
€60
Millions
Investment volume Number of deals
Numberofdeals
21. ANALYSIS
Top 10 funding rounds (2015)
21
• Toulouse-based SIGFOX’s €104.5 million round was the
highest in the IoT sector in 2015, and at least twice as big as
the second one, Moovit’s €45 million
• Five additional investments surpassed the €20 million
barrier: Moovit, Netatmo, Argus Cyber Security, Actility and
Vayyar
• Israel’s dominance in the IoT space in 2015 is clearly visible
in the graph to the right: the country accounted for six of the
region’s top 10 rounds
• Interestingly, no UK company made it to the top 10
• Four of the top 10 companies were providers of network
solutions for the Internet of Things
Million
€10.0
€10.1
€13.2
€18.2
€20.0
€22.5
€23.6
€30.0
€45.4
€104.5
Relayr (DE)
AnimaConnected (IL)
Cellwize (IL)
EarlySense (IL)
Vayyar (IL)
Actility (FR)
Argus Cyber Security (IL)
Netatmo (FR)
Moovit (IL)
SIGFOX (FR)
22. ANALYSIS
Top 10 funding rounds (2016 YTD)
22
• French automotive company Drivy raised the largest round in
Europe and Israel in the first four months of 2016, at €31
million
• Germany’s Tado and Portuguese startup Veniam were the
other two companies in the region to surpass the €20 million
mark. Veniam’s round included the participation of well-
known US investors Union Square Ventures and True
Ventures, as well as the venture arms of Orange, Verizon and
Cisco
• Koolicar and Telensa, rounded the top five
• France was the country with the highest share of investments
in the top 10, at three
Million
€9.7
€10.0
€10.0
€10.0
€14.5
€16.4
€18.0
€20.0
€20.9
€31.0
Estimote (PL)
Neura (IL)
Rombit (BE)
Rythm (FR)
LifeBEAM (IL)
Telensa(UK)
Koolicar (FR)
Veniam (PT)
Tado (DE)
Drivy (FR)
23. ANALYSIS
• In the past 16 months, Bpifrance has made five investments in
different IoT companies, the highest number amongst all tech
investors
• Ween
• SIGFOX
• Snips
• Netatmo
• Drivy
• Eight different investors recorded two deals in the period.
Only Bpifrance had more than two
• It’s worth noting that the list of top 10 backers includes four
corporate investors (NGP, Swisscom, Mitsui and Cisco
Investments), pointing to the high interest of large
multinationals in IoT solutions and for cooperation between
startups and corporates
Top investors by number of deals (2015 – 2016 YTD)
23
2
2
2
2
2
2
2
2
2
4
Almi Invest
Chalmers Ventures
Cisco Investments
Ginko Ventures
HTGF
Inventure
LVenture Group
Mitsui & Co
Swisscom
Bpifrance
25. NOTABLE IoT FUNDING ROUNDS
Drivy
Peer to peer (P2P) car rental platforms have existed for many
years in Europe, and Drivy was one of the original companies in
the field.
Founded by Paulin Dementhon in 2010, the French company has
become one of the leaders in the space, with 36,000 cars and
800,000 users, and operating across France, Germany and
Spain.
Whilst other P2P car rental marketplaces rely on users
exchanging car keys in person, Drivy has developed Drivy Open,
a system that allows customers to open rented cars by simply
using their smartphones. This is made possible by specific
sensors and hardware that Drivy provides to its customers to
install in their cars.
Drivy raised the largest IoT round in the first four months of
2016, at €31 million. The deal included the participation of well-
known investors Index Ventures, NGP and Alven Capital.
* According to LinkedIn data. 25
Name of company Drivy
Location France
Vertical Automotive
Founded in 2010
Employees* 69
Total funding €48.9 million
Investors
Index Ventures, NGP, Bpifrance, Cathay
Innovation, Via-ID, Alven Capital
Last funding round €31 million (April 2016)
26. NOTABLE IoT FUNDING ROUNDS
Tyto Care
IoT solutions applied to the healthcare sector attracted €42
million in funding in 2015. Tyto Care was responsible for €10
million, as the Israel-based company ramped up production and
commercialization of its health monitoring devices in both the
European and US markets.
The $11 million round was led by an undisclosed American
strategic investor, and also included the participation of LionBird
and Teuza Capital Fund. Interestingly, US-based retailer
Walgreens also backed the health startup, providing additional
capabilities in the distribution of Tyto Care’s devices in the US.
Tyto, the company’s main product, is a connected device that
through multiple sensors allows patients to perform
comprehensive physical exams anywhere. The data is then
submitted to physicians and doctors for its analysis.
Tyto is the developer of both the device and the online platforms
that act as the connecting tissue between hospitals, clinicians
and patients.
* According to LinkedIn data. 26
Name of company Tyto Care
Location Israel
Vertical Health
Founded in 2011
Employees* 23
Total funding €16.8 million
Investors
Cambia Health Solutions, Fosun Pharma,
LionBird, OrbiMed Israel Partners, Teuza Venture
Capital Fund, Walgreens
Last funding round €10 million (September 2015)
27. NOTABLE IoT FUNDING ROUNDS
Argus Cyber Security
Argus Cyber Security represents one more example of Israel’s
long standing tradition and strength in the technology security
sector.
The Tel Aviv-based company has developed a series of cyber
security solutions for the automotive industry, coinciding with
significant and strong efforts from Tesla, Google and other
traditional car manufacturers to turn most vehicles on the road
into connected cars.
As several hacks have recently shown, connected cars can be
remotely hacked and taken control of. As Argus demonstrated in
late 2015, their security solutions can prevent this, mitigating the
rising risk to human lives and property.
Argus Cyber Security has raised more than €27 million to date,
including a €23.6 million round from multiple investors in
September 2015.
27
Name of company Argus Cyber Security
Location Israel
Vertical Automotive, security
Founded in 2013
Employees* 32
Total funding €27.2 million
Investors
Allianz Ventures, Magma Venture Partners,
Magna International, OurCrowd, Motus Ventures,
Vertex Ventures
Last funding round €23.6 million (September 2015)
* According to LinkedIn data.
28. NOTABLE IoT FUNDING ROUNDS
Relayr
Berlin-based relayr is mostly known among developers and IoT
service providers for WunderBar, a small hardware development
and product prototyping kit.
Relayr launched WunderBar in 2013 and ramped up its
production with a $111,000 crowdfunding campaign on the
Dragon Innovation platform.
Relayr core offering is ‘Cloud’, a turnkey platform for sending,
receiving and saving data from connected devices and sensors.
After participating in Startupbootcamp’s accelerator and raising
a $2.3 million seed round in September 2014, relayr raised a €10
million Series A round in November 2015 led by renowned
Silicon Valley investor Kleiner Perkins Caufield Byers.
Other investors in the Series A round included Munich Venture
Partners and Tom Noonan, an executive at Cisco.
28
Name of company Relayr
Location Germany
Vertical Network solutions
Founded in 2013
Employees* 58
Total funding €12.5 million
Investors
Kleiner Perkins Caufield & Byers, Munich Venture
Partners, Startupbootcamp, Tom Noonan
Last funding round €10 million (November 2015)
* According to LinkedIn data.
29. NOTABLE IoT FUNDING ROUNDS
Evrythng
Evrythng has developed what it likes to call the ‘Internet of
Things Smart Products Platform’, a platform that allows
developers, brands and users to connect any consumer product
to the web and manage real-data to drive applications.
The company spans three main areas: connected products,
smart supply chains and customer engagement through data-
driven smarter products.
“I had the idea that every physical object in the world — from the
cars we drive, the clothes we wear, the beers we drink, and
homes we live in — would have an addressable, real-time
presence on the Web,” explained CEO and co-founder Niall
Murphy in an interview with VentureBeat.
To date, Evrythgn has raised more than €13 million from
investors such as Atomico, Dawn Capital, Cisco Systems or
Samsung Ventures, which led its €6.8 million Series B in June
2015.
29
Name of company EVRYTHNG
Location UK
Vertical Developer tools
Founded in 2011
Employees* 55
Total funding €13.2 million
Investors
Atomico, Dawn Capital, Samsung Ventures, Cisco
Systems
Last funding round €6.8 million (June 2015)
* According to LinkedIn data.
30. NOTABLE IoT FUNDING ROUNDS
Netatmo
Paris-based Netatmo has been building smart home products
since 2011. The company was founded by Fred Potter, who was
also one of the original co-founders of Withings, another French
IoT company that was recently acquired by Nokia for €170
million.
Netatmo has three main products and is currently in the final
stages of the development process of its fourth, an outdoor
security camera. The company’s products retail from €69 to
€199.
Netatmo has raised €34.5 million in funding in two separate
rounds.
Its first round, of €4.5 million, was closed in June 2013 and in
November 2015 it raised €30 million in additional capital from
Legrand, a French industrial group that is a global leader in
products and systems for electrical installations and information
networks, Iris Capital, Bpifrance and former Apple exec Pascal
Cagni.
30
Name of company Netatmo
Location France
Vertical Smart home
Founded in 2011
Employees* 115
Total funding €34.5 million
Investors Legrand, Iris Capital, Bpifrance, Pascal Cagni
Last funding round €30 million (November 2015)
* According to LinkedIn data.
31. NOTABLE IoT FUNDING ROUNDS
Veniam
Veniam’s goal is to build what its co-founder and CEO Joao
Barros calls ‘the Internet of moving things’.
The Portuguese company, which is headquartered in San
Francisco but has the vast majority of its employees in the city of
Porto, is looking to enable free WiFi in urban areas by leveraging
vehicles, thus creating a type of mesh network that would
provide users of public transportation and pedestrians with free
connectivity.
Since its inception two years ago, Veniam has raised more than
€24 million in funding from notable investors. The company
started off by raising a €4 million seed round from US-based
venture capital firms Union Square Ventures and True Ventures.
In February 2016 it raised another round, to the tune of €20
million, from previous investors and also corporate backers such
as Orange Digital Ventures, Verizon Ventures and Cisco
Investments.
Veniam’s two main markets are Porto and Singapore.
31
Name of company Veniam
Location Portugal
Vertical Network solutions, automotive
Founded in 2014
Employees* 39
Total funding €24.5 million
Investors
Union Square Ventures, True Ventures, Orange
Digital Ventures, Verizon Ventures, Cisco
Investments
Last funding round €20 million (February 2016)
* According to LinkedIn data.
32. NOTABLE IoT FUNDING ROUNDS
Rombit
Antwerp-based Rombit is a company that specializes in the
development of IoT platforms for the industrial and smart city
sectors.
The company has developed a three layer solution, combining
software, hardware and data storage capabilities, that can plug
into existing IT infrastructure to provide a better understanding
of a company’s performance.
Rombit has already developed multiple solutions in the smart
city and freight and cargo space, such as BadgeControl or A-
Sign.
The company raised its first round of external funding in March
2016, €10 million from Clear2Pay founder Michel Akkermans.
32
Name of company Rombit
Location Belgium
Vertical Industrial IoT
Founded in 2012
Employees* 26
Total funding €10 million
Investors Michel Akkermans
Last funding round €10 million (March 2016)
* According to LinkedIn data.
34. KEY EXIT TRENDS
Limited M&A activity involving IoT companies
Exit activity in the European and Israeli IoT landscape remains
limited.
From 2015 until April 2016, there were just 11 exits in the sector,
including 10 acquisitions and one small IPO from Swedish
company Plejd.
These 11 liquidity events combined for €446 million. 72% of
which 72% belonged to just two acquisitions:
• Withings: acquired by Nokia for €170 million
• Red Bend Software: acquired by Harman International
Industries for €154 million
Although not strictly a pure Internet of Things company, it’s also
worth highlighting the acquisition of Alcatel-Lucent by Nokia for
€15.6 billion. Alcatel-Lucent is a significant developer of IoT
infrastructure in Europe and other markets.
34
France and the US, as main location of acquired companies
and acquirers
Three of the 11 exits seen in the period in Europe and Israel
came from French companies, as the country became the IoT
leader in terms of M&A transactions.
As previously noted for the overall regional technology markets,
US-based companies were also the main acquirers of local IoT
companies, tied at three acquisitions with the UK.
In terms of the category of the companies involved in exits, four
of the 11 exits in the period came from developers of smart home
products and three from startups in the health space, the
highlight being Nokia’s €170 million acquisition of Withings in
April 2016.
As the IoT sector grows and startups grow, one could expect
M&A activity to increase significantly, both in terms of
established multinationals acquiring competing startups and in
the public flotation of private companies.
35. ANALYSIS
• To a certain degree, IoT remains a young industry, especially
when compared to other more mature technology sectors. As
a consequence of this, there has been limited activity in the
European and Israeli exit markets over the past few quarters
• We have recorded 11 IoT M&A transactions since Q1 2015,
with a maximum of three per quarter in Q1 and Q2 2015
• The majority of exits did not disclose the size of the
transaction. The peak in exit value seen in Q1 2015 was
caused by Israeli-based Red Bend Software’s €154 million
acquisition by Harman International Industries
• Sweden-based Plejd was responsible for the only IPO of the
period. Albeit a small one, of just €3.7 million
Exits by quarter
35
Numberofdeals
€245 €28 €- €- €-
0
1
2
3
4
€0
€50
€100
€150
€200
€250
€300
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Millions
Exit value Number of exits
36. 0
1
2
3
4
5
€0
€20
€40
€60
€80
€100
€120
€140
€160
€180
€200
Millions
Exit value Number of exits
ANALYSIS
• A monthly breakdown of IoT exits shows three additional
M&A transactions in the first four months of 2016, one in
January and two in April
• One of the April deals was the acquisition of France-based
Withings by Nokia for €170 million, the largest IoT exit on
record in Europe and Israel
• Although not included to the right, it’s also worth highlighting
the €15.6 billion acquisition of Alcatel-Lucent by Nokia,
closed in Q1 2016. Despite not being a pure IoT company, the
French network developer is a significant provider of IoT
infrastructure technology in Europe
• Investors participated in six of the 13 IoT exits that took place
in 2015 and in the first four months of 2016, or 46% of the
total
Exits by month & VC involvement (2015 – 2016 YTD)
36
Numberofdeals
46%
54%
VC-backed Non-VC backed
37. ANALYSIS
Exits by location of acquired companies & acquirer
(2015 – 2016 YTD)
37
• Three French IoT startups were sold over the past 16 months,
the highest number in Europe and Israel. The three France-
based companies were Mobiquithings (€27.7 million exit),
Withings (€170 million) and Sen.se (undisclosed)
• Besides France, only Switzerland and Israel had more than
one IoT exit in the period
• US companies were the main acquirers of European and
Israeli tech startups in 2015 and early 2016. The importance
of the US as a market for local exits was also visible in the IoT
sector, as US-based companies were responsible for three
IoT exits
• The UK and US combined for almost 50% of IoT exits
1
1
1
1
1
1
2
2
3
Germany
Norway
Russia
Sweden
The Netherlands
UK
Israel
Switzerland
France
Location of acquired
companies
1
1
1
1
2
3
3
Finland
Japan
Norway
Sweden
Canada
UK
US
Location of acquirers
38. ANALYSIS
Exits by vertical (2015 – 2016 YTD)
38
• Three IoT companies in the health sector were acquired in
2015 and early 2016 in Europe and Israel
• Health was the second vertical with most exits in the period,
only trailing smart home solutions
• Plejd and AlertMe were the two exits in the smart home
space. Both companies were VC-backed. UK-based AlertMe
was acquired by British Gas for €90 million after having
raised €32.8 million from multiple investors
• In terms of total exit value, health took the lead with €170
million, as a result of Nokia’s acquisition of Withings
• Automotive came in second, as a consequence of Red Bend
Software’s €154 million acquisition
€170 €154 €95 €28 €-
0
1
2
3
4
5
0 €
20 €
40 €
60 €
80 €
100 €
120 €
140 €
160 €
180 €
Health Automotive Smart home Network
solutions
Smart city
Millions
Exit value Number of exits
Numberofdeals
39. ANALYSIS
Top exits (2015 – 2016 YTD)
39
• Listed to the right are the only five IoT exits where the price
of the acquisition (and IPO) was disclosed
• As previously mentioned, Withings’s acquisition by Nokia in
April 2016 was the largest of the period, at €170 million
• Red Bend Software’s was the only other acquisition in Europe
and Israel to surpass the €100 million barrier. The deal took
place in January 2015
€4
€28
€91
€154
€170
Plejd (SE)
Mobiquithings(FR)
AlertMe (UK)
Red Bend Software (IL)
Withings (FR)
Million
41. NOTABLE M&A TRANSACTIONS
Withings
France-based Withings is one of the oldest connected health
product manufacturers in Europe. The company, founded by Eric
Carreel and Cedric Hutchings in 2008, has developed multiple
products over the years, including activity trackers, smart
weighing scales, thermometers, blood pressure monitors, home
and baby monitors.
Prior to its acquisition by Nokia in April 2016 for €170 million,
Withings had raised €30.3 million in funding from French
investors, including Ventech, Bpifrance, IDInvest Partners and
360 Capital Partners.
As a result of its acquisition, which is expected to receive final
approval by regulators in Q3 2016, Withings will become part of
the company’s Nokia Technologies business.
Withings has more than 200 employees across offices in Paris,
Cambridge, the US and Hong Kong.
41
Name of company Withings
Vertical Health
Founded in 2008
Employees* 204
VC-backed Yes (€30 million)
Acquired by Nokia
Price €170 million
Investors
Ventech, Bpifrance, IDInvest Partners, 360
Capital Partners
* According to LinkedIn data.
42. NOTABLE M&A TRANSACTIONS
Red Bend Software
Born in 1999, Red Bend Software transitioned over the years to
the commercialization of multiple IoT solutions within the
automotive and mobile space, including the development of
M2M modules used for the Internet of Things.
The company was originally founded in Israel but ended up
moving its headquarters to the US, while maintaining a
significant software development center in Israel.
Between 2000 and 2008, Red Bend Software raised more than
€30 million from multiple investors, including Pitango Venture
Capital, Greylock Partners, Carmel Ventures and Coral Capital
Management.
Red Bend was acquired by Harman International Industries in
April 2016 for €154 million. Interestingly, Harman had originally
acquired the also automotive software company QNX Software
Systems in 2004 for $138 million, which then sold again to
BlackBerry for $200 million in 2010.
42
Name of company Red Bend Software
Vertical Security, automotive
Founded in 1999
Employees* -
VC-backed Yes (€30.4 million)
Acquired by Harman International Industries
Price €154 million
Investors
BackWeb Technologies, Carmel Ventures, Coral
Capital Management, Greylock Partners, Infinity
Venture Partners, Pitango Venture Capital,
Poalim Ventures, Viola Credit
* According to LinkedIn data.
43. NOTABLE M&A TRANSACTIONS
AlertMe
AlertMe was one of the first European companies in the smart
home space. Founded in 2006 in the city of Cambridge, the
company’s main product was Hive, a smart thermostat that
allowed consumers to control the temperature of their homes
remotely.
At the time of its acquisition, the company claimed that Hive was
being used by 150,000 customers.
In two funding rounds in 2009 and 2010, respectively, the UK
company raised more than €30 million in funding from investors
such as Index Ventures, SET Venture Partners, Good Energies or
British Gas.
The latter, which serves around 12 million homes in the UK,
bought AlertMe in February 2015 for $100 million (or €90.9
million). As a result of the acquisition, AlertMe’s products and
services were integrated into British Gas’ main offerings.
* According to LinkedIn data. 43
Name of company AlertMe
Vertical Smart home, security
Founded in 2006
Employees* 36
VC-backed Yes (€32.8 million)
Acquired by British Gas
Price €90.9 million
Investors
British Gas, Good Energies, Index Ventures, SET
Venture Partners, VantagePoint Capital Partners
45. IoT STARTUPS TO FOLLOW
LifeBEAM
Location Israel
Founded 2011
Industry Sports
Management team Omri Yoffe, Zvika Orron, Cid Carver, Omry
Czapnik, Manny Reif, Shimon Hayun
Employees* 22
Total funding €17.0 million
Investors Tri Ventures , Square Peg Capital, Atomic 14
Ventures, Wellborn Ventures, Cerca Partners
In their own words:
“LifeBEAM aims to become a global leader in sensing human
performance during dynamic activities via innovative bio-
sensing technology implemented into wearables.
The company initially focused on applications for the aerospace
and defense markets, keeping jet pilots and astronauts safe in
extreme environments by sensing and monitoring vital signs
such as heart rate, SPO2, blood flow and activity.”
Similar companies:
• Cobi
• Milestone Sports
• Woo Sports
• JOHAN Sports
• PIQ
* According to LinkedIn data. 45
46. IoT STARTUPS TO FOLLOW
Kiwi.ki
Location Germany
Founded 2012
Industry Smart home
Management team Claudia Nagel, Christian Bogatu, Peter Dietrich
Employees* 30
Total funding €4.0 million
Investors Paua Ventures
In their own words:
“KIWI provides secure and hands-free access for large multi-
tenant buildings. With KIWI, your entrance door unlocks
comfortably without buttons or searching through your pockets.
Consumers enjoy the safe, simple and convenient comfort of
just walking through their doors with our transponder “Ki” in
their pocket or our mobile app. Service providers – like post or
waste management companies – gain work efficiencies.”
Similar companies:
• Convergent Home Technologies
• eyeSight Mobile Technologies
• EVRYTHNG
• Sonos
• Zimplistic
* According to LinkedIn data. 46
47. IoT STARTUPS TO FOLLOW
CropX
Location Israel
Founded 2013
Industry Agritech
Management team Isaac Bentwich, Yossi Haran, Dr. Michael
Dowgert, Nir Refaeli, Dani Dishback
Employees* 22
Total funding €9.1 million
Investors OurCrowd, Innovation Endeavors , GreenSoil
Investments, Finistere Ventures
In their own words:
“CropX is an ag-analytics company that has developed the
world’s most advanced adaptive irrigation service, which
automatically optimizes irrigation, thereby delivering dramatic
crop yield increase and water and energy cost savings to farms.
CropX’s technology was developed by a team of world-leading
scientists and has been validated on-farm over the past five
years.”
Similar companies:
• Cares Imaging
• Farmlogs
• Farm Dog Technologies
• Farmeron
• Crop-R
• Phytech
• Agworld
* According to LinkedIn data. 47
48. IoT STARTUPS TO FOLLOW
Konux
Location Germany
Founded 2014
Industry Industrial IoT
Management team Sarig Duek, Oren Kind, others
Team * 33
Total funding €8.3 million
Investors TechFounders, FOUNDER.org, New Enterprise
Associates, UnternehmerTUM-Fonds
Management, MIG Fonds
In their own words:
“At KONUX, we are building smart sensor systems for machine
insights. With our patented technology and a team of young and
seasoned talents, we are transforming a $100bn market.
Today the industrial world is struggling. Using outdated sensing
technologies they can not prevent nor understand machine and
infrastructure breakdowns. They are losing millions of dollars
every year. We have developed the KONUX platform to solve
this problem.”
Similar companies:
• Atonarp
• SenseFly
• SGI
• Omegawave
• Tacterion
* According to LinkedIn data. 48
49. IoT STARTUPS TO FOLLOW
Phytech
Location Israel
Founded 1998
Industry Agritech
Management team Yochay Altman, Omer Guy, Eitan Peleg, Sarig
Duek, Itay Mayer
Employees* 22
Total funding €2.7 million
Investors Mitsui & Co, Syngenta Ventures
In their own words:
“Phytech's PlantBeat technology is a simplified, alert-driven
mobile platform which combines predictive algorithms and data
analysis tools that integrate continuous crop health and
supportive environmental data, distilled into real-time
recommendations.
Phytech is helping growers in their day-to-day farming decisions
impacting both the quality and yield of their crops, while
reducing water usage. Our advanced solutions use state-of-the-
art sensors, wireless communication, and innovative software
for collecting and analyzing data.”
Similar companies:
• Crop-R
• aWhere
• Cares Imaging
• FarmLogs
* According to LinkedIn data. 49
50. IoT STARTUPS TO FOLLOW
Actility
Location France
Founded 2010
Industry Network Solutions
Management team Olivier Hersent, Boris DezierVice , Nicolas,
Jordan Vice , Bernard Jannes, Pedro Da Silva,
Mehdi Hajjam
Employees* 76
Total funding €22.5 million
Investors Swisscom Ventures, Orange, Ginko Ventures,
KPN Ventures
In their own words:
“Actility is an industry leader in LPWA (Low Power Wide Area)
large scale infrastructure with ThingPark®, the new generation
standard-based IoT / M2M communication platform.
Actility’s ThingPark Wireless® network provides LoRa /
LoRaWAN long-range coverage for low-power sensors used in
SmartCity, SmartBuilding and SmartFactory applications.”
Similar companies:
• Trakkies
• Wirepas
• Mistbase
• Athom
• Libelium
• Lines.io
• Paradox Engineering
* According to LinkedIn data. 50
51. IoT STARTUPS TO FOLLOW
Neura
Location Israel
Founded 2013
Industry Developer tools
Management Gilad Meiri, Triinu Magi, Ori Shaashua, Gil Mahler
Employees* 28
Total funding €11.8 million
Investors UpWest Labs, Pitango Venture Capital, Singtel
Innov8, Microsoft Ventures, Lenovo, AXA
Strategic Ventures, Liberty Israel Venture Fund
In their own words:
“Neura enables smarter technology, powered by trust. Bringing
context to the Internet of Things, we recognize behavior
patterns, create actionable triggers from IoT data and let users
enhance their personal technology with those triggers.
We help people use data collected by their devices, for
purposes that directly benefit them, while safeguarding their
personal information.”
Similar companies:
• Seebo
• Atomation
• thethings.iO
• TV App Agency
• Kontakt.io
• Relayr
• Resin.io
* According to LinkedIn data. 51
52. IoT STARTUPS TO FOLLOW
Sentiance
Location Belgium
Founded 2012
Industry Smart City, Adtech, Health
Management team Toon Vanparys, Frank Verbist, Vincent Jocquet,
Vincent Spruyt, David Damen, Roel Berger
Employees* 29
Total funding €7.3 million
Investors Negotiae, Young Sohn, Volta Ventures, Pamica,
Samsung Catalyst Fund, Qbic Fund
In their own words:
“Sentiance unlocks contextual mobile experiences by mining
sensor data on smartphones, wearables and connected
devices. Sentiance enables companies worldwide to tap into a
new level of mobile personalization and engagement.
By filtering meaningful commercial data out of users’ direct
environment, Sentiance provides Ambient Intelligence which is
automated through a proprietary sensor fusion platform.”
Similar companies:
• Expertmaker
• Nubera / Getapp
• Adbrain
• Semasio
• Appwiz
• Fyber
• AdExtent
* According to LinkedIn data. 52
53. IoT STARTUPS TO FOLLOW
Cobi
Location Germany
Founded 2014
Industry Sports
Management team Andreas Gahlert, Carsten Lindstedt, Heiko
Schweickhardt, Tom Acland
Employees* 44
Total funding €7.3 million
Investors Negotiae, Young Sohn, Volta Ventures, Pamica,
Samsung Catalyst Fund, Qbic Fund
In their own words:
“The biking solution for smartphone lovers: COBI is the first
integrated system which intelligently connects your smartphone
with your bike to create a completely new riding experience.
The future friendly, modular system connects to fitness and bike
sensors and integrates six accessories into one unique design:
smartphone holder with charging function, automatic front and
brake light, bike-navigation, alarm system, bell and bike
computer.”
Similar companies:
• Johan Sports
• Petcube
• Woo Sports
• Milestone Sports
• WallJAM
• Tintag
* According to LinkedIn data. 53
54. IoT STARTUPS TO FOLLOW
Heptagon
Location France / USA
Launch 2000
Industry Hardware
Management team Christian Tang-Jespersen, Desmond Lim, Erik
Volkerink, Markus Rossi, Hartmut Rudmann, Sow
Chun Leong
Employees* 122
Total funding -
Investors Nokia Growth Partners, Jolt Capital, GGV Capital
In their own words:
“Heptagon provides complete 3D/imaging, illumination and
optical sensing solutions for smart devices and the internet of
things.
With over two billion units shipped and 20 years of industry firsts
in miniaturizing and integrating complex hardware and software
systems, Heptagon has industry leading technology and
services to enhance our customer’s competitiveness.”
Similar companies:
• VCST
• Brainlab
• Convey Computer
• Datamars
• Wilocity
* According to LinkedIn data. 54
56. WHAT DOES THE FUTURE HOLD?
The Internet of Things is just getting started
Despite the fact that several entrepreneurs and businesses have
been building IoT companies for a number of years, one could argue
that the Internet of Things is still a nascent industry.
Funding and M&A data for the sector in Europe and Israel indicate
that the industry’s best years are still ahead. In 2015, 84 local
companies raised funding, totalling €411 million. In the first quarter of
2015, just nine companies completed a round of financing.
Fast forward one year, to Q1 2016, and that number grew
exponentially to 41 companies and €159 million, pointing to the fact
that the industry is accelerating and a higher number of companies
are maturing and finding product/market fit, both in the B2B and B2C
markets.
In fact, in the first four months of 2016, there have been 49 funding
rounds worth a combined €242 million, or almost 60% of 2015’s
total.
M&A activity remains limited, as the market continues to evolve and
the development of large businesses that could be appealing to
other tech giants carries on. Tech giants and large industrial players
that are, in fact, also increasingly involved in the overall IoT markets,
with a significant focus in Europe.
As previously mentioned, the venture arm of large tech
multinationals such as Orange, Cisco, Verizon or Swisscom have
been involved in multiple European and Israeli IoT investments over
the past few quarters. In addition to this, companies like Sony, Cisco,
Nokia or IBM have also set up IoT-related projects in several
European cities, potentially bringing together entrepreneurs with
established players that could act as clients or, eventually, acquirers.
Accelerator programs such as Startupbootcamp, which currently has
four different programs in Europe associated to the field, could also
become key in the development of the industry.
An appropriate legal framework
According to a study by McKinsey, the potential value the IoT
industry could provide worldwide could reach $11 trillion within by
2025.
However, for this to happen, various organisations refer to the need
of clear regulations, standardisation, data protection and a strong
privacy framework at a European level.
56
57. METHODOLOGY & DISCLAIMERS
From November 2013 onwards, we’ve continuously
monitored approximately 120+ sources of news and
information across multiple European regions and
languages. All the mergers, acquisitions (including all
purchases of majority stakes as well as full take-
overs)and initial public offerings by European technology
companies that we tracked this way have been listed and
analysed by the Tech.eu team for the purpose of this
report, along with additional transactions that were not
reported by any of the aforementioned sources but
flagged by people from our collective networks.
In most cases, the deal size was not disclosed, but we’ve
included the price for acquisitions and mergers for any
transaction reported by a publication that we consider
reliable and trustworthy. For IPOs, we have opted to look
at the valuation given by the market at the moment
shares were publicly traded for the first time. In addition,
when a deal size was disclosed bu tin a currency different
from the euro, we’ve converted the amounts around the
date the transaction was first announced or reported –
we cannot guarantee that the converted amount exactly
mirrors the price at the time of closing of an agreement
(mainly because that date is rarely shared).
We have opted to include non-European Union member
states such as Russia, Turkey, Israel, Norway, Switzerland
and others in this analysis, as we consider them an
integral part of the European technology industry as such.
This is in line with Tech.eu’s overall editorial policy.
Considering the vastness, fragmentation and breadth of
different languages that defines Europe, it is possible that
certain M&A transactions or IPOs were not included in our
analysis. We believe, however, that this is as
comprehensive a report as possible for 2015. We have
included M&A transactions and IPOs based on the date
that they were initially reported by an authoritative source
57
58. METHODOLOGY & DISCLAIMERS
not necessarily the inking of the agreements or listings in
question. Hence, exit agreements that were sealed at the
end of 2015 maybe included in the data for 2016.
We’ve included transactions involving small and large
technology corporations, and everything in between.
‘Technology’ in this case encompasses digital, Web,
mobile, infrastructure and hardware, but we chose not to
include transactions involving companies that are active
in the fields of biotechnology, life sciences and
‘cleantech’ as we consider them categories worth
tracking separately.
The data used for this report does not only include
transactions for startups or digital-only tech companies,
but also more ‘legacy’ corporations such as telcos,
Internet service providers, as well as infrastructure,
hardware and ‘high tech’ firms because we consider
them European technology companies as much as e.g. a
European-founded mobile app development startup.
Finally, we would like to add that our system of
monitoring sources, and structurally saving data for
reports, has greatly improved since we started in
November 2013. It is possible that the data set has
allowed for better analysis as the past year has
progressed, and we continually work to improve our data
collection and reporting.
Please subscribe to our newsletter to be kept up-to date
on future reports, which will dive into specific verticals,
geographies and other groups.
58
59. METHODOLOGY & DISCLAIMERS
We welcome any feedback you may have on our report and methodology. If you’d like to report inaccuracies,
flag possible omissions or additions to the data set, or have any other comment to share or questions to ask,
please reach out to reports@tech.eu and we will respond as soon as possible.
Thank you for reading our analysis.
Robin Wauters
(Founding editor, Tech.eu)
Jaime Novoa
(Analyst, Tech.eu)
59