We wrote an update earlier this year, about investments during the first two quarters of 2013. Now it has come to make a summary of the fall as well, and thus the entire 2013.
Above is a spreadsheet from my investment newsletter club with all the investments that we have gotten to our attention during 2013.
Disclaimer: There are, most likely, many more investments that we do not know about (yet), and we will try to update the document when we get to know about more.
Some interesting stats from investments in the region 2013
Updated 2014-01-02: got more information from Hampus Jakobsson. If you have any further info we should add, let us know.
- Total sum of investments: 55 million euros (roughly, with qualified estimates in those cases where the sum is unknown)
- Total number of investments: 52
- Most number of investments: SEED Capital (7)
- Largest investments: Sol Voltaics and Vivino
As can be seen from the numbers, none of them is big single investment (such as last years € 45M investment in Zendesk). So this year it has been mostly seed, series A and series B investments in the region.
Other interesting things from 2013
A very noteworthy happening from 2013 was Unitys rumored ‘no thanks’ to a € 575 million deal. Very interesting for them and the whole startup and gaming scene in the region!
There where also some interesting crowdfunding projects, most notably the release of the game Forced which got a lot of attention for its story, but also gadgets such as Leikr and NSA defeating services such as Heml.is. Also two very high profile ones, that however are still ongoing – Airtame and No More Woof. These are not in the list (even though they are already 100% financed) because they will first close in the beginning of 2014.
Why a focus on investments and funding?
We look at investment and funding for a couple of reasons:
- It is relatively easy to get the information.
- A startup that receives investment is ‘validated’ – it is not just a cool idea, somebody believes in it enough to put money into it.
- Especially the later stage investment rounds (series A and above) are crucial for a startup to make it big. Therefor we deem those as very important.
What do we think about bootstrapping?
Our focus on investments does not mean that we think bootstrapping is in any way wrong. Indeed, my own company, Contentor, is bootstrapped. However, bootstrapping is in my opinion something that is great, especially in the first 1-5 years, but after that to grow truly international and make a difference, funding is almost always needed. Not just for the money and the people that can be hired because of the investment. It’s just as much for the connections and knowledge that the right investors bring. Connections such as inside-people at Google, Facebook or other important collaborators for the startup. Or connections to goverment and politicians that are relevant. Or for further investments and a future IPO. Having people onboard who have experience from earlier in very helpful in those cases.
So I believe bootstrapping is great to get going, try the product and build the first million euros in revenue. But to take it to the next level, to reach € 10M or more in revenue, funding often makes the crucial differences and speeds up the process.
Because of this, we care about funding here at Øresund startups.
Reporting on other stats as well
We will aim to try to get more numbers out in the future. Both Sweden and Denmark have core company numbers available for companies public. We will see what kind of report we can build form that – such as matching the startups in region to their revenues!