Interesting European Innovation Financing report by Clipperton Finance

Interesting 2014 report compiled by Clipperton Finance

Beyond the mega VC deals such as Delivery Hero (food delivery), Blablacar (car sharing) or Adyen (online payments), three companies in Switzerland are mentioned in the top charts with GetYourGuide (travel), Xeltis (medtech) and Biocartis (biotech).

InnovationFinancingUpdate_January-2015

2014 marks a landmark year for European innovation

financing with almost $8b invested in European

technology companies. As we enter 2015, this year

promises to shed some light on whether last year will be

remembered as a record year at the peak of a cycle or the

beginning of long-lasting momentum.

There is an unquestionable acceleration in the volume and

size of large financings in the European landscape, still far

from current US standards but displaying a few interesting

trends.

• Recent large rounds suggest the new generation of

potential European unicorns , aiming to become the

successors to Spotify, Criteo or Zalando: fast growth

companies such as BlaBlaCar (car sharing), Adyen (online

payment) or Delivery Hero (food delivery)

• The new stars in the making stem mainly from a few

specific segments: new online payment solutions, fintech

marketplaces such as Funding Circle and most notably from

vertical consumer marketplaces

• Following the steps of Rocket Internet companies,

European entrepreneurs in the consumer marketplace arena

are showing well executed and rapid global expansion, often

by targeting large markets in emerging countries. This is the

example of BlaBlaCar and the online food delivery players

such as Delivery Hero or Food Panda. In these segments,

European champions are more aggressive in the race to

globalization than their US counterparts. For once, the

small size of each local market in Europe could prove to be an

asset in pushing national leaders to expand quickly abroad

into ever more far reaching market whilst adopting the right

local approach within each region.

Steve Blank

Innovation and Entrepreneurship