Biotech financing

Innovation capital raised by leading European countries, 2015
Belgium
Denmark
France
Germany
Ireland
Italy
Switzerland
UK
3.0
Innovation capital raised (US$b)
2.5
2.0
1.5
1.0
0.5
0
Venture capital raised (US$m)
Source: EY, Capital IQ and VentureSource.
Innovation capital is the amount of capital raised by companies with revenues of less than US$500 million.
Size of bubbles shows relative number of financings per country.
Among European nations, the UK was the top destination
for innovation capital in 2015, leading in total funding
(US$2.4 billion), venture funding (US$884 million) and
number of investments (87). Thanks in large part to
Horizon’s debt and follow-on deals, Ireland took second place
in total investment with US$1.7 billion, ahead of France and
Belgium (US$782 million and US$781 million, respectively).
Switzerland and Germany, meanwhile, took second and
third place in venture funding with US$381 million and
US$270 million, respectively.
Beyond borders 2016 — Biotech financing
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