Finding the right investor – active in the right sector, at the right stage in their fund, similar values and goals – can make or break a startup founder’s plans.
The latest quarterly reports from Dow Jones VentureSource can’t make an introduction but can at least suggest which firms are currently spending venture capital in Europe. The mainstays this year so far are High-Tech Gründerfonds (HTGF), SEED Capital Denmark, CDC Enterprises and Index Ventures, who made it into the top nine most active investors for both Q1 and Q2 2013 (by number of deals completed).
Of those four, three have a strong focus in a single country: HTGF (Germany), SEED Capital Denmark and CDC Enterprises (France). All three are backed or have some association with public funding; HTGF and SEED Capital Denmark focus just on seed and early-stage deals, which explains their relatively large number of deals.
Index Ventures, headquartered in London and Geneva, is pan-European and invests anywhere between €250,000 to €50m. The firm raised a €350m early-stage fund for tech companies in June 2012.
[contentad keyword= “left”] Others to make the list include government initiatives Scottish Enterprise and Enterprise Ireland and private firms Sunstone Capital, Ventech and Iris Capital. US accelerator TechStars, which opened an office in London in February 2013, had an active second quarter in Europe, with Dow Jones VentureSource’s data showing seven deals in Q2 2013.
Firms not listed so far this year but with significant activity last year include Cabiedes & Partners, Veraventure Ltd, Accel Partners, Balderton Capital, Telefonica Digital Venture Capital and Spark Ventures, among others.
The data set used in the Dow Jones VentureSource quarterly reports for Europe includes all industry sectors, not just technology. It’s gathered together from a mix of primary and secondary sources, including voluntary surveys and regulatory filings.
Image credit: Flickr user PhotoAtelier
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