a snapshot of tech startup funding and m&a activity in belgium
TRANSCRIPT
BELGIUMFUNDING ANALYSIS
ANALYSISFunding by quarter
3
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016€0
€20,000,000
€40,000,000
€60,000,000
€80,000,000
€100,000,000
€120,000,000
0
5
10
15
20
25
30
35
€12,930,000
€40,671,000 €43,200,000€52,970,000
€44,389,526
€106,042,272
Investment volume Number of deals
Number of deals
ANALYSISFunding by month
4
Number of deals
Janu
ary
Febr
uary
Mar
ch
April
May
June July
Augu
st
Sept
embe
r
Octo
ber
Nove
mbe
r
Dece
mbe
r
Janu
ary
Febr
uary
Mar
ch
April
May
June
2015 2016
€-
€10,000,000
€20,000,000
€30,000,000
€40,000,000
€50,000,000
€60,000,000
0
2
4
6
8
10
12
14
16
Investment volume Number of deals
ANALYSISNumber of funding rounds by size of investment
5
Num
ber o
f dea
ls
€0 to €1M €1 to €5M €5 to €10M €10 to €20M €20 to €50M >€50M0
2
4
6
8
10
12
14
16
18
Distribution of funding deals (Belgium)
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016
ANALYSISFunding by vertical (2015 – Q2 2016)
6
Number of deals
€0
€10,000,000
€20,000,000
€30,000,000
€40,000,000
€50,000,000
€60,000,000
€70,000,000
€80,000,000
€90,000,000
0
2
4
6
8
10
12
14
16
Investment volume Number of deals
ANALYSISTop 10 funding rounds in Belgium 2015 & H1 2016
7
Xpenditure
Take Eat Easy
MCS
UnifiedPost
Restore
Itineris
NGDATA
Option
Take Eat Easy
Collibra
€5,190,000.0
€5,820,000.0
€6,000,000.0
€6,000,000.0
€7,000,000.0
€9,100,000.0
€9,280,000.0
€10,000,000.0
€10,000,000.0
€20,930,000.0
2015
icometrix
EMAsphere
Smappee
Epigan
Accelleran
UnifiedPost
Rombit
iSTAR Medical
Auro Technologies
Showpad
€2,000,000
€2,000,000
€2,469,023
€2,750,000
€3,000,000
€10,000,000
€10,000,000
€10,000,000
€24,500,000
€45,454,545
H1 2016
* Q2 data includes April, May and first two weeks of June
Comparing Belgium’s funding activity with
major EU hubs
8
ANALYSISPutting Belgium into context: funding by country (2015 – H1 2016)
9
Belgium
Sweden
France
Israel
Germany
41
134
167
206
324
2015
Belgium
Israel
Sweden
Germany
UK
France
56
138
174
219
229
263
H1 2016
ANALYSISPutting Belgium into context: total investment volume by country (2015 – H1 2016)
10Billion
Belgium
Sweden
France
Israel
Germany
€148,771,000.0
€906,615,000.0
€1,151,886,272.7
€1,894,182,727.3
€3,011,887,000.0
2015
Belgium
Germany
France
Sweden
UK
Israel
€106,042,272.0
€1,087,702,654.0
€1,167,747,514.0
€1,219,882,284.0
€1,820,355,201.0
€1,832,502,597.0
H1 2016
Comparing Belgian funding activity with similar-sized
EU hubs
11
ANALYSISPutting Belgium into context: funding by country (2015 – H1 2016)
12
Hungary
Romania
Austria
Greece
Portugal
Belgium
Finland
Denmark
Sweden
The Netherlands
3
3
12
17
22
41
54
56
134
140
2015 H1 2016
Romania
Greece
Hungary
Portugal
Austria
Finland
The Netherlands
Denmark
Belgium
Sweden
0 20 40 60 80 100
120
140
160
180
200
0
3
3
12
19
35
38
45
46
174
ANALYSISPutting Belgium into context: total investment volume by country (2015 – H1 2016)
13
Million
Romania
Hungary
Portugal
Greece
Austria
Belgium
Finland
Denmark
The Netherlands
Sweden
€900,000.0
€960,000.0
€35,510,000.0
€40,735,000.0
€44,124,545.5
€148,771,000.0
€182,050,000.0
€249,780,000.0
€401,226,909.1
€906,615,000.0
2015
Romania
Greece
Hungary
Austria
Portugal
The Netherlands
Belgium
Denmark
Finland
Sweden
€-
€2,060,000.0
€2,830,336.0
€21,874,438.0
€32,551,316.0
€99,921,373.0
€106,042,272.0
€142,904,874.0
€153,686,387.0
€1,219,882,284.0
H1 2016
BELGIUMM&A
ANALYSIS
ANALYSISM&A activity by quarter (2015 – 2016 YTD)
15
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
3 3
2 2
5
7 7
13
7
ANALYSISM&A activity by investor involvement
16
2014 2015 2016 YTD
22% 21%30%
78% 79%70%
VC-backed Non-VC backed
* Q2 data includes April, May and first two weeks of June
ANALYSISWho bought the most Belgian tech companies in 2015 – 2016 YTD?
17
Belgium US France The Netherlands Japan Luxembourg Canada Bahrain
21
8
6
32 2
1 1
Location of acquirers of Belgian companies
* Q2 data includes April, May and first two weeks of June
ANALYSISM&A activity by vertical in 2015 & 2016 YTD
18
Telec
oms/In
frastr
uc...
Consu
ltancy
ICT Serv
ices
Data/an
alytics
E-com
merce
Health
Marketp
lace
Audio
visua
l
Enter
prise
SaaS
Adtec
h
Transp
ort/log
istics
Secur
ityMed
ia
10
6
4 43 3 3
2 21 1 1 1
ANALYSISNotable recent #BeTech acquisitions
19
20
Comparing Belgium’s M&A activity with major
EU hubs
ANALYSISPutting Belgium into context: funding by country (2015 – 2016 YTD)
21
Belgium
Sweden
France
Israel
UK
32
38
47
60
92
2015
Belgium
Israel
France
Sweden
UK
10
13
24
25
42
2016 YTD
22
Comparing Belgium’s exit activity with similar-sized EU
hubs
ANALYSISPutting Belgium into context: number of exits by country (2015 – 2016 YTD)
23Number of exits
Greece
Hungary
Romania
Austria
Portugal
Finland
Denmark
The Netherlands
Belgium
Sweden
0
0
1
4
5
14
21
30
32
38
2015
Greece
Hungary
Portugal
Romania
Austria
Denmark
Finland
Belgium
The Netherlands
Sweden
0
0
1
2
4
6
7
10
13
25
2016 YTD
24
Where in Belgium is the funding and exit activity
concentrated?
ANALYSISNotable tech companies to watch in Antwerp
25
EU TECH FUNDING
26
KEY 2015 FUNDING TAKEAWAYS
27
KEY 2015 EXIT TAKEAWAYS
28
