11
In partnership with FRENCH STARTUPS 2014 FUNDING REPOR T This study is proprietary of SourcInno www.sourcinno.com – © SourcInno – Published in June 2015

French Startups 2014 Funding report

Embed Size (px)

Citation preview

Page 1: French Startups 2014 Funding report

In partnership with

FRENCH STARTUPS 

2014 FUNDING REPORT

This study is proprietary of SourcInno ‐ www.sourcinno.com – © SourcInno – Published in June 2015

Page 2: French Startups 2014 Funding report

WHO WE ARE: SOURCINNO.COM

A SaaS platformwhere Companies and Investors

SourcInno wants to allowStartUps and Established players where Companies and Investors

find StartUps in a database of +300,000 STARTUPS WORLDWIDE

StartUps and Established players(Corporates, SMEs, Investors …)

to change the world … TOGETHER

Some GLOBAL and MULTI-LOCAL sources where we listen the web and collect data

via Big Data & Machine Learning

An international team on three continentswith COMPLEMENTARY EXPERIENCES in

Advanced Technologies, Open Innovation, Data + Human expertise management, Entrepreneurship and Consulting

2This study is proprietary of SourcInno

Page 3: French Startups 2014 Funding report

KEY INSIGHTS

1‐ From StartUp to SMB‐Up? France fosters a lot StartUp creation, with infrastructure, research tax credit etc that supports its

AND IF FRENCH STARTUPS WERE ABOUT TO BECOME STRONGER?

1 From StartUp to SMB Up? France fosters a lot StartUp creation, with infrastructure, research tax credit etc that supports its top talents in launching their business. Nevertheless, until now the equity gap was a key issue for young StartUps. In 2014, we can observe an increase (+15%) in average deal value while the number of deals has slightly reduced.>> Less deals with bigger amounts: does it suggest that young French StartUps are becoming ‘SMB‐Up’?

2‐ Future French Unicorns? “Unicorns”, these StartUps that have been valuated 1 billion $ are the 'holy grail’ for many countries due to the impact they have in terms of growth and employment. The US has many.In 2014 in France two StartUps have attracted large valuations (e g Blablacar or Sarenza with > 70 M€ each); inIn 2014, in France, two StartUps have attracted large valuations (e.g. Blablacar or Sarenza with > 70 M€ each); in 2015, SigFox, in France raised 100 M€; in 2015, Lending Club, created by a French guy, entered the US stock market with a 400 M€ valuation. >> Does this launch the signal of the emergence of French Unicorns in the near future?g f g f f

ANALYSIS OF FUNDS RAISED BY

Quarter Geography Size RoundSectorVolume & Value

3

Note on the methodology performed to produce this study: This study presents a 2014 vs 2013 comparison on the funds raised by French StartUps based on the SourcInno StartUp database and a continuous monitoring of public announcements of fund raisings done by French StartUps in France. The companies taken into account in this study are the ones that the ecosystem and media have identified and qualified as being a StartUp (either in an article, competition, prize….).

Page 4: French Startups 2014 Funding report

Deals VALUEIn a challenging economic context the total amount of funds raised increased in 2014In a challenging economic context, the total amount of funds raised increased in 2014

€964.6 M €2.1 M

€ 942.9 M [2013]

2014 Total funds raised

€ 1.8 M [2013]

2014 Average funds raised by financing event

V t C it l F d B i A l

MOST ACTIVE PRIVATE INVESTORS

KIMA VENTURESELAIA PARTNERSALVEN CAPITAL

DEMETER PARTNERS

JA. GRANJON

SIGMA GESTION

Venture Capital Funds Business Angels

PARTECH VENTURES INTERNATIONAL

O.MATHIOTNESTADIO  CAPITAL IDINVEST PARTNERS

XANGE PRIVATE EQUITY INVESTESSOR

4This study is proprietary of SourcInno

Page 5: French Startups 2014 Funding report

Deals VOLUMEStartUp fundraising events and exits have declined in 2014StartUp fundraising events and exits have declined in 2014

11%‘14‐’13

459459Fundraisings

31% 7%Startups exits are lower in ’14 vs. ‘13

5

58Acquisitions

12IPO

(out of scope of this study).

This study is proprietary of SourcInno

Page 6: French Startups 2014 Funding report

Deals per QUARTERThe big deals occurred in Q2 (SARENZA 74 M€) and Q3 (BLABLACAR 73 M€)The big deals occurred in Q2 (SARENZA, 74 M€) and Q3 (BLABLACAR 73 M€)

VALUE of Deals (€ M)VOLUME of Deals

136 139

121127123 124

113 278.6

[VALEUR].0

99

194.6225.1

244.7

178,6199,7

250,4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

6

20142013

This study is proprietary of SourcInno

Page 7: French Startups 2014 Funding report

Deals volume per GEOGRAPHYThe Ile‐de‐France region maintains its importance in the France FrenchTech ecosystemThe Ile de France region maintains its importance in the France FrenchTech ecosystem

2 3

18

2

20

21 524919

2

11

1

54%46%

431

1

17Ile‐de‐France

1817

1639

Other regions

7

1

This study is proprietary of SourcInno

Page 8: French Startups 2014 Funding report

Deals per SECTORThe internet sector concentrates ~50% of financing events with a stable volume of dealsThe internet sector concentrates 50% of financing events with a stable volume of deals. 

229 ‐1%2013

10%‐8%2013

2013

7242

9 6

94

7

‐10%2013

‐36%2013 ‐53%

2013+16%2013

‐11%2013

2013

9 6 7

Biotech, Greentech Electronic, Devices Industry Internet Fashion, Clothes Software Transport

2013 2013

ERYTECH

[2004] €30 M

SIGFOX

[2009] €15 M

FINEXCAP

[2012] €18 M

SARENZA

[2005] €74 M

LINEA ZEN

[2009] €2.4 M

RED LUXURY

[2012] €1 M

1. WATTMOBILE

[2010] €1.5 M

VOLUNTIS

[2001] €20.75M

INTOREM

ISORG

[2010] €6.4 M

SUNNA DESIGN

INTERSEC

[2004] €17 M

DASHLANE

BLABLACAR

[2007] €73 M

MENINVEST

YOOJI

[2012] €1.5 M

EON MOTORS

LES ATELIERES

[2012] €0.65 M

ART OF SOULE

2.

3.

FREEMOOS

[2008] €1.2 M

MUSES

8

[2013] €18 M [2011] €5.3 M [2009] €16.1 M[2009] €23 M[2010] €1 M [2006] €0.32 M [2009] €1.1 M

[X] = Date of Founding | €X M = Amount RaisedThis study is proprietary of SourcInno

Page 9: French Startups 2014 Funding report

Deals per SECTOR >> Focus on INTERNETFinTech and Entertainment (Art Culture ) have more than 100% growth in deals volumeFinTech and Entertainment (Art, Culture...) have more than 100% growth in deals volume

72 42 9

229

694

7

INTERNET DEAL VOLUME

27

2

17

22

3

9

Mobile apps

Real estate ads

Transport 2013

2014

20

6

18

10

38

6

7

Education E learning

E‐commerce

Price comparator

Art, Culture, Music

30

16

3

15

29

7

10

10

Marketing, Media

Finance, Crowdfunding

Job, Recruitment

Education, E‐learning

12

16

10

46

18

10

6

Internet : Other

Travel, Accomodation

Food, Receips

Fashion

37 46

0 5 10 15 20 25 30 35 40 45 50

Internet : Other

9This study is proprietary of SourcInno

Page 10: French Startups 2014 Funding report

“Early stage StartUps”(5 10 employees) is the fastest growing segment corresponding to a stable “seed

Deal volume by TEAM SIZE and ROUNDEarly stage StartUps (5 ‐ 10 employees) is the fastest growing segment, corresponding to a stable  seed investment” level. Later‐stage investments are challenged, maybe due to a focus on a smaller number of  deals

‐70%

123 1‐4TEAM SIZE

(% Change ‘14 ’13)

‐11%‐33% 70%

121

171

5‐10

11‐50‐17%

(% Change  14‐ 13)

152

51‐100

100++10%

FINANCING ROUND(% Change ‘14‐’13)

BA C GFED251 129 48 21 2 6 2

‐16 %2013

+1 %2013

‐60%2013

‐34 %2013

‐28%2013

‐75% 2013

‐25%2013

251 129 48 21 2 6 2

10This study is proprietary of SourcInno

Page 11: French Startups 2014 Funding report

Visit us on www.sourcinno.com

This study is proprietary of SourcInno