European venture capital firms raised €2bn in Q2 — double last year

27 Jul 2015

According to the data European companies raised just over €3bn for 357 deals in the second quarter, an increase of 12pc on the first quarter

European venture capital firms raised €2bn in the second quarter of 2015, which is double the amount of euros they raised a year ago, according to Dow Jones VentureSource.

According to the Dow Jones VentureSource there was a 47pc increase in the number of fund closings.

Compared with last year, the amount of euros raised improved by 63pc in two additional fund closings.

The largest fund of the second quarter was Index Ventures Growth Fund II, which raised €650m – or 32pc of the total amount raised in the second quarter.

This was followed by Isis Innovation’s Oxford Sciences Innovation Fund, which raised €283m, the European Investment Fund’s Luxembourg Future Fund, which raised €150m, Felix Capital’s Felix Capital Fund, which raised €109m and IK Investment Partners’ Industry Kapital Small Cap Fund, which raised €100m.

Growth in European venture capital-backed start-ups


Dow Jones VentureSource data on amounts raised by venture capital players in Europe6

According to the data, European companies raised more than €3bn for 357 deals in the second quarter, an increase of 12pc on the first quarter.

Year-on-year investment was up 31pc, despite a 15pc reduction in the number of completed deals.

Consumer services was the strongest sector of the quarter, followed by business and financial services.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years