29
BELGIUMFUNDING ANALYSIS
ANALYSISFunding by quarter
3
€13
€41 €43€53
€38
€104
0
2
4
6
8
10
12
14
16
18
20
€0
€20
€40
€60
€80
€100
€120
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016*
Mill
ion
s
Investment volume Number of deals
Nu
mb
er o
f de
als
* Q2 data includes April, May and first two weeks of June
ANALYSISFunding by month
4
Nu
mb
er o
f de
als
0
2
4
6
8
10
12
€-
€10
€20
€30
€40
€50
€60 Ja
nu
ary
Fe
bru
ary
Mar
ch
Ap
ril
May
Jun
e
July
Au
gu
st
Se
pte
mb
er
Oct
ob
er
No
vem
be
r
De
cem
be
r
Jan
uar
y
Fe
bru
ary
Mar
ch
Ap
ril
May
Jun
e*
2015 2016
Mill
ion
s
Investment volume Number of deals
* Q2 data includes April, May and first two weeks of June
ANALYSISNumber of funding rounds by size of investment
5
Nu
mb
er
of d
eal
s
0
1
2
3
4
5
6
7
8
9
10
€0 to €1M €1 to €5M €5 to €10M €10 to €20M €20 to €50M >€50M
Distribution of funding deals (EU & Israel)
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016
* Q2 data includes April, May and first two weeks of June
ANALYSISFunding by vertical (2015 – 2016 Q2 YTD)
6
Nu
mb
er o
f de
als
* Q2 data includes April, May and first two weeks of June
0
2
4
6
8
10
12
14
16
€0
€10
€20
€30
€40
€50
€60
€70
€80
€90
Mill
ions
Investment volume Number of deals
ANALYSISTop 10 funding rounds in Belgium 2015 & 2016 YTD
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
2016 YTD
* Q2 data includes April, May and first two weeks of June
Comparing Belgium’s funding activity with major EU hubs
8
ANALYSISPutting Belgium into context: funding by country (2015 – 2016 YTD)
9
41
134
167
206
324
Belgium
Sweden
France
Israel
Germany
2015
46
111
154
183
199
Belgium
Israel
Sweden
Germany
UK
2016 YTD
* Q2 data includes April, May and first two weeks of June
ANALYSISPutting Belgium into context: total investment volume by country (2015 - 2016 YTD)
10
Billion
€0.1
€0.9
€1.2
€1.9
€3.0
Belgium
Sweden
France
Israel
Germany
2015
€0.1
€0.9
€1.0
€1.2
€1.6
Belgium
Germany
France
Sweden
Israel
2016 YTD
* Q2 data includes April, May and first two weeks of June
Comparing Belgian funding activity with similar-sized EU hubs
11
ANALYSISPutting Belgium into context: funding by country (2015 – 2016 YTD)
12
3
3
12
17
22
41
54
56
134
140
Hungary
Romania
Austria
Greece
Portugal
Belgium
Finland
Denmark
Sweden
The Netherlands
0
3
3
11
15
32
40
46
46
154
Romania
Greece
Hungary
Portugal
Austria
Finland
Denmark
Belgium
The Netherlands
Sweden
2015 2016 YTD
* Q2 data includes April, May and first two weeks of June
ANALYSISPutting Belgium into context: total investment volume by country (2015 - 2016 YTD)
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
€26.6
€21.9
€129.7
€86.9
€110.8
€94.9
€1,160.9
Romania
Greece
Hungary
Portugal
Austria
Finland
Denmark
Belgium
The Netherlands
Sweden
2016 YTD
* Q2 data includes April, May and first two weeks of June
BELGIUMM&A
ANALYSIS
ANALYSISM&A activity by quarter (2015 – 2016 YTD)
15
3 3
2 2
5
7 7
13
7
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
ANALYSISM&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
ANALYSISWho bought the most Belgian tech companies in 2015 – 2016 YTD?
17
21
8
6
32 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
ANALYSISM&A activity by vertical in 2015 & 2016 YTD
18
10
6
4 4
3 3 3
2 2
1 1 1 1
ANALYSISNotable recent #BeTech acquisitions
19
20
Comparing Belgium’s M&A activity with major EU hubs
ANALYSISPutting 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
22
Comparing Belgium’s exit activity with similar-sized EU hubs
ANALYSISPutting 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
24
Where in Belgium is the funding and exit activity concentrated?
ANALYSISNotable tech companies to watch in Antwerp
25
EU TECH FUNDING
26
KEY 2015 FUNDING TAKEAWAYS
27
KEY 2015 EXIT TAKEAWAYS
28
