Quarterly review of the investment ecosystem in Europe - Calibre One

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Investment Analysis
Average Investment ($US Millions)
Q1 Q2 Q3 Q4 Q1
2011 2011 2011 2011 2012
North America 21.03 17.40 16.00 15.18 11.49
Europe 12.04 13.78 8.03 10.83 6.60
UK 7.67 10.94 8.58 11.58 7.32
France 3.78 6.22 5.61 3.91 4.79
DACH 7.42 63.86 5.79 7.12 11.91
BENELUX 28.28 19.80 3.42 6.46 8.15
N Europe 10.32 4.74 4.66 26.42 6.33
Ireland 12.00 14.90 5.71 3.30 3.80
S Europe 48.82 4.63 13.49 2.27 3.03
E Europe - 17.40 24.32 44.70 4.50
Israel 9.75 8.25 7.35 9.88 4.97
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Victoria Jordan
Partner – Europe
Average Investment ($US Millions) Value of Average Investment – Analysis
For me, this is one of the most intriguing
categories in the Index. Q1 2012 has not
been a vintage quarter for tech investment
and there seems to have been a real move to
investing in smaller companies. There has also been a lack of
massive opportunistic investments into late-stage high-growth
companies such as Twitter and Facebook and these obviously
skew the numbers somewhat.
It’s good to see that smaller deals are still being done – and the
numbers indicate they are on the rise. In many ways these are the
lifeblood of the ecosystem – the Facebook’s and Google’s of the
future have got to start somewhere.
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Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q2Q1Q2Q3Q4Q1
05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12
North
Europe (inc. Israel)
Calibre One : International Executive Search The Quarterly Transatlantic Tech Investment Review