The UK, Germany, Israel, France and Sweden are, according to the most recent figures available, Europe’s main technology hubs. But, as we’ve said for a long time and as strong defenders of the European technology scene as a whole, great companies can increasingly come from anywhere.
And Belgium is just one of example of this kind of decentralisation trend.
5. ANALYSIS
Number of funding rounds by size of investment
5
Numberofdeals
0
2
4
6
8
10
12
14
16
18
€0 to €1M €1 to €5M €5 to €10M €10 to €20M €20 to €50M >€50M
Distribution of funding deals (Belgium)
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016
6. ANALYSIS
Funding by vertical (2015 – Q2 2016)
6
Numberofdeals
0
2
4
6
8
10
12
14
16
€0
€10
€20
€30
€40
€50
€60
€70
€80
€90
Millions
Investment volume Number of deals
7. ANALYSIS
Top 10 funding rounds in Belgium 2015 & H1 2016
7
€5.2
€5.8
€6.0
€6.0
€7.0
€9.1
€9.3
€10.0
€10.0
€20.9
Xpenditure
Take Eat Easy
MCS
UnifiedPost
Restore
Itineris
NGDATA
Option
Take Eat Easy
Collibra
2015
€2
€2
€2
€3
€3
€10
€10
€10
€25
€45
icometrix
EMAsphere
Smappee
Epigan
Accelleran
UnifiedPost
Rombit
iSTAR Medical
Auro Technologies
Showpad
H1 2016
* Q2 data includes April, May and first two weeks of June
9. ANALYSIS
Putting Belgium into context: funding by country
(2015 – H1 2016)
9
41
134
167
206
324
Belgium
Sweden
France
Israel
Germany
2015
56
138
174
219
229
263
Belgium
Israel
Sweden
Germany
UK
France
H1 2016
10. ANALYSIS
Putting Belgium into context: total investment
volume by country (2015 – H1 2016)
10
Billion
€0.1
€0.9
€1.2
€1.9
€3.0
Belgium
Sweden
France
Israel
Germany
2015
€0.1
€1.1
€1.2
€1.2
€1.8
€1.8
Belgium
Germany
France
Sweden
UK
Israel
H1 2016
12. ANALYSIS
Putting Belgium into context: funding by country
(2015 – H1 2016)
12
3
3
12
17
22
41
54
56
134
140
Hungary
Romania
Austria
Greece
Portugal
Belgium
Finland
Denmark
Sweden
The Netherlands
2015 H1 2016
0
3
3
12
19
35
38
45
46
174
0 50 100 150 200
Romania
Greece
Hungary
Portugal
Austria
Finland
The Netherlands
Denmark
Belgium
Sweden
13. ANALYSIS
Putting Belgium into context: total investment
volume by country (2015 – H1 2016)
13
Million
€0.9
€1.0
€35.5
€40.7
€44.1
€148.8
€182.1
€249.8
€401.2
€906.6
Romania
Hungary
Portugal
Greece
Austria
Belgium
Finland
Denmark
The Netherlands
Sweden
2015
€-
€2.1
€2.8
€21.9
€32.6
€99.9
€106.0
€142.9
€153.7
€1,219.9
Romania
Greece
Hungary
Austria
Portugal
The Netherlands
Belgium
Denmark
Finland
Sweden
H1 2016
16. ANALYSIS
M&A activity by investor involvement
16
22% 21%
30%
78% 79%
70%
2014 2015 2016 YTD
VC-backed Non-VC backed
* Q2 data includes April, May and first two weeks of June
17. ANALYSIS
Who bought the most Belgian tech companies in
2015 – 2016 YTD?
17
21
8
6
3
2 2
1 1
Belgium US France The Netherlands Japan Luxembourg Canada Bahrain
Location of acquirers of Belgian companies
* Q2 data includes April, May and first two weeks of June
21. ANALYSIS
Putting Belgium into context: funding by country
(2015 – 2016 YTD)
21
32
38
47
60
92
Belgium
Sweden
France
Israel
UK
2015
10
13
24
25
42
Belgium
Israel
France
Sweden
UK
2016 YTD
23. ANALYSIS
Putting Belgium into context: number of exits by
country (2015 – 2016 YTD)
23
Number of exits
0
0
1
4
5
14
21
30
32
38
Greece
Hungary
Romania
Austria
Portugal
Finland
Denmark
The Netherlands
Belgium
Sweden
2015
0
0
1
2
4
6
7
10
13
25
Greece
Hungary
Portugal
Romania
Austria
Denmark
Finland
Belgium
The Netherlands
Sweden
2016 YTD