French Startups 2014 Funding report

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  1. 1. Inpartnership with FRENCHSTARTUPS 2014FUNDINGREPORT Thisstudy is proprietary ofSourcInno www.sourcinno.com SourcInno Published inJune 2015
  2. 2. WHOWEARE: SOURCINNO.COM A SaaS platform where Companies and Investors SourcInno wants to allow StartUps 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 continents with COMPLEMENTARY EXPERIENCES in Advanced Technologies, Open Innovation, Data + Human expertise management, Entrepreneurship and Consulting 2Thisstudy is proprietary ofSourcInno
  3. 3. KEYINSIGHTS 1 From StartUp to SMBUp? France fosters a lot StartUp creation, with infrastructure, research tax credit etc that supports its ANDIFFRENCHSTARTUPSWEREABOUTTOBECOMESTRONGER? 1 FromStartUptoSMB Up?FrancefostersalotStartUp creation,withinfrastructure,researchtaxcreditetcthatsupportsits toptalentsinlaunchingtheirbusiness.Nevertheless, untilnowtheequitygapwasakeyissueforyoungStartUps. In2014,wecanobserve anincrease(+15%) in averagedealvalue whilethenumberofdealshasslightlyreduced. >>Lessdealswithbiggeramounts:doesitsuggestthatyoungFrenchStartUpsarebecomingSMBUp? 2 FutureFrenchUnicorns?Unicorns,theseStartUpsthathavebeenvaluated1billion$are the 'holygrail formanycountries duetotheimpacttheyhaveintermsofgrowthandemployment.TheUShasmany. In 2014 in France two StartUps have attracted large valuations (e g Blablacar or Sarenza with > 70 M each); inIn2014,inFrance,twoStartUpshaveattractedlargevaluations(e.g.Blablacar orSarenza with>70M each);in 2015,SigFox,inFranceraised100M;in2015,LendingClub,createdbyaFrenchguy,enteredtheUSstockmarketwitha400 M valuation. >>DoesthislaunchthesignaloftheemergenceofFrenchUnicornsinthenearfuture?g f g f f ANALYSISOFFUNDSRAISEDBY Quarter Geography Size RoundSectorVolume&Value 3 Noteonthemethodologyperformedtoproducethisstudy:Thisstudypresentsa2014vs2013comparisononthefundsraisedbyFrenchStartUpsbasedonthe SourcInno StartUpdatabaseandacontinuousmonitoringofpublicannouncementsoffundraisingsdonebyFrenchStartUpsinFrance.Thecompaniestakeninto accountinthisstudyaretheonesthattheecosystemandmediahaveidentifiedandqualifiedasbeingaStartUp(eitherinanarticle,competition,prize.).
  4. 4. DealsVALUE In a challenging economic context the total amount of funds raised increased in 2014Inachallenging economic context,thetotalamount offunds raised increased in2014 964.6M 2.1M 942.9M [2013] 2014Totalfunds raised 1.8M[2013] 2014Average funds raised by financing event V t C it l F d B i A l MOSTACTIVEPRIVATEINVESTORS KIMAVENTURES ELAIAPARTNERSALVENCAPITAL DEMETERPARTNERS JA.GRANJON SIGMAGESTION VentureCapitalFunds BusinessAngels PARTECHVENTURESINTERNATIONAL O.MATHIOTNESTADIOCAPITAL IDINVESTPARTNERS XANGEPRIVATEEQUITY INVESTESSOR 4Thisstudy is proprietary ofSourcInno
  5. 5. DealsVOLUME StartUp fundraising events and exits have declined in 2014StartUp fundraising events andexitshavedeclined in2014 11% 1413 459459Fundraisings 31% 7% Startupsexitsarelower in14vs.13 5 58 Acquisitions 12 IPO (outofscopeofthis study). Thisstudy is proprietary ofSourcInno
  6. 6. DealsperQUARTER The big deals occurred in Q2 (SARENZA 74 M) and Q3 (BLABLACAR 73 M)ThebigdealsoccurredinQ2(SARENZA,74M)andQ3(BLABLACAR73M) VALUE ofDeals( M)VOLUME ofDeals 136 139 121 127 123 124 113 278.6 [VALEUR].0 99 194.6 225.1 244.7 178,6 199,7 250,4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 6 20142013 Thisstudy is proprietary ofSourcInno
  7. 7. DealsvolumeperGEOGRAPHY The IledeFrance region maintains its importance in the France FrenchTech ecosystemTheIle de FranceregionmaintainsitsimportanceintheFranceFrenchTech ecosystem 2 3 18 2 20 2 1 5249 19 2 11 1 54% 46% 43 1 1 17IledeFrance 18 17 16 39 Otherregions 7 1 Thisstudy is proprietary ofSourcInno
  8. 8. DealsperSECTOR The internet sector concentrates ~50% of financing events with a stable volume of dealsTheinternetsector concentrates 50%offinancing events with astablevolumeofdeals. 229 1% 2013 10% 8% 2013 2013 72 42 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]30M SIGFOX [2009]15M FINEXCAP [2012]18M SARENZA [2005]74M LINEAZEN [2009]2.4M REDLUXURY [2012]1M 1. WATTMOBILE [2010]1.5M VOLUNTIS [2001]20.75M INTOREM ISORG [2010]6.4M SUNNADESIGN INTERSEC [2004]17M DASHLANE BLABLACAR [2007]73M MENINVEST YOOJI [2012]1.5M EONMOTORS LESATELIERES [2012]0.65M ARTOFSOULE 2. 3. FREEMOOS [2008]1.2M MUSES 8 [2013]18M [2011]5.3M [2009]16.1M[2009]23M[2010]1M [2006]0.32M [2009]1.1M [X]=DateofFounding |XM=Amount RaisedThisstudy is proprietary ofSourcInno
  9. 9. DealsperSECTOR >>FocusonINTERNET FinTech and Entertainment (Art Culture ) have more than 100% growth in deals volumeFinTechandEntertainment(Art,Culture...)havemorethan 100%growth indealsvolume 72 42 9 229 6 94 7 INTERNETDEALVOLUME 27 2 17 22 3 9 Mobileapps Realestateads Transport 2013 2014 20 6 18 10 38 6 7 Education E learning Ecommerce Pricecomparator Art,Culture,Music 30 16 3 15 29 7 10 10 Marketing,Media Finance,Crowdfunding Job,Recruitment Education,Elearning 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 9Thisstudy is proprietary ofSourcInno
  10. 10. Early stage StartUps(5 10 employees) is the fastest growing segment corresponding to a stable seed DealvolumebyTEAMSIZE andROUND EarlystageStartUps (5 10employees)isthefastestgrowingsegment,correspondingtoastable seed investmentlevel.Laterstageinvestmentsarechallenged,maybeduetoafocusonasmallernumberof deals 70% 12 3 14TEAMSIZE (% Change 14 13) 11% 33% 70% 121 171 510 1150 17% (%Change 14 13) 152 51100 100++10% FINANCINGROUND (%Change1413) BA C GFED 251 129 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 10Thisstudy is proprietary ofSourcInno
  11. 11. Visit usonwww.sourcinno.com Thisstudy is proprietary ofSourcInno