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HUNGARIAN STARTUP ECOSYSTEM, 2014
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2014
STARTUPS.HU
WHY?
We are living in a golden age of digital
entrepreneurship, when tools and capital
needed to transform concepts into reality
are accessible to more people than ever.
Never before has it been cheaper and easier
to start a company and attract potential
customers from all over the world.
High growth technology startups look to be
the primary growth engine of the new
information economy. With that in mind, it is
utterly important to analyse the economic
pro鍖le and performance of startups, all with
the goal of helping entrepreneurs, investors,
and policy makers understand how they
compare to the global startup ecosystem.
HOW?
QUANTITATIVE
STUDY
Statistical analysis of data
from 125 startups, 54
investors, and 93 deals.
RETROSPECTIVE
ANALYSIS
Systematic observation of
economic indicators over
the course of the years.
QUALITATIVE
STUDY
Interviews with founders,
investors and support
organisations.
INVESTMENTS
TOTAL CAPITAL RAISED
$69.3m (54.9m) in 27 deals
NUMBER OF DEALS
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 2013 2012
DEAL CURRENCIES
EUR 1.2m in 5 deals
HUF 1.8bln in 20 deals
USD 60.6m in 4 deals
TOTAL CAPITAL BY STAGE
Angel: $595k (477k) in 2 deals
Seed: $3m (2.4m) in 19 deals
Venture: $66.1m (52.3m) in 8 deals
AVERAGE CAPITAL BY STAGE
Angel: $297.5k (238.5k)
Seed: $156k (125.9k)
Venture: $8.3m (6.5m)
INVESTMENT RANGES
5%
10%
15%
20%
25%
$0-$50k $50k-$100k $100k-$250k $250k-$500k $500k-$1m $1m-$2m $2m+
TYPES OF INVESTMENTS
Percentage
Angel % Seed % Venture %
Value
Angel $ Seed $ Venture $
ORIGIN OF INVESTMENTS
Percentage Value
Domestic $ Foreign $Domestic % Foreign %
CAPITAL INVESTED
Spectrum Equity, Accel Partners
Valor Capital
Euroventures
Sz辿chenyi Tkebefektet辿si Alap, Private Investors
Traction Tribe
Primus Capital
OTP-DayOne
Finnish Business Angels Network, Evli Bank
Energen Group
OTP-Day One
Fiedler Capital
European Pioneers
iCatapult
Axel Springer Plug and Play
Kitchen Budapest
$10m $20m $30m $40m $50m $60m
CAPITAL INVESTED
Valor Capital
Euroventures
Sz辿chenyi Tkebefektet辿si Alap, Private Investors
Traction Tribe
Primus Capital
OTP-DayOne
Finnish Business Angels Network, Evli Bank
Energen Group
OTP-Day One
Fiedler Capital
European Pioneers
iCatapult
Axel Springer Plug and Play
Kitchen Budapest
$1m $1m $2m $3m $3m $4m
CAPITAL RAISED
Prezi
Mobilengine
Tresorit
Karma Platform
Maven 7
Piqniq
Enbritely
Now Technologies
CryptTalk
SortPad
StatzUp
Hashtag Charity (#charity)
SmartDrive
Commsignia
Remotaid
RoboPhone
MadBarz
VegasLockDown
Plays
SongArc
IntNine
Opp.io
Tappointment
Funspotter
Tep
LiteUp
SnapClip
ShokaMe
Pubify
$10m $20m $30m $40m $50m $60m
CAPITAL RAISED
Mobilengine
Tresorit
Karma Platform
Maven 7
Piqniq
Enbritely
Now Technologies
CryptTalk
SortPad
StatzUp
Hashtag Charity (#charity)
SmartDrive
Commsignia
Remotaid
RoboPhone
MadBarz
VegasLockDown
Plays
SongArc
IntNine
Opp.io
Tappointment
Funspotter
Tep
LiteUp
SnapClip
ShokaMe
Pubify
$1m $2m $3m $4m
TRENDS
NUMBER OF DEALS
5
10
15
20
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Angel Seed Venture
VALUE OF VENTURE DEALS
$20m
$40m
$60m
$80m
$100m
$120m
2010 2011 2012 2013 2014
VALUE OF SEED DEALS
$500k
$1,000k
$1,500k
$2,000k
$2,500k
$3,000k
2010 2011 2012 2013 2014
AVERAGE INVESTMENT SIZE
$3m
$6m
$9m
$12m
2010 2011 2012 2013 2014
Venture
$150k
$300k
$450k
$600k
2010 2011 2012 2013 2014
Seed
INVESTMENT RANGES
10%
20%
30%
40%
$0-$50k $50k-$100k $100k-$250k $250k-$500k $500k-$1m $1m-$2m $2m+
2012 2013 2014
2
1
3
Average value of seed deals shows six-fold increase;
Seed 鍖nancing overtakes venture 鍖nancing in rounds;
Venture 鍖nancing rebounds after low period of 2 years.
HUNGARIAN STARTUP ECOSYSTEM, 2014
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2014
DATA AVAILABLE ONLINE, VISIT US AT: STARTUPS.HU
Startups.hu is currently tracking 125 Hungarian tech startups, and 93 related investments.
We are also tracking the economic pro鍖le of these Hungarian startups, which we plan to
release as annual reports. Feel free to use our data, and remember to credit the site as
your source.
Startups.hu was established in an effort to build an extensive database of Hungarian
startups, their economic performance, and the hard working entrepreneurs behind them.
We want the site to become the source of an informed overview of the startup ecosystem
in Hungary.
Our goal is to make the Hungarian startup ecosystem transparent and predictable, thus
more attractive for international venture capital.

More Related Content

Hungarian Startup Ecosystem 2014

  • 1. HUNGARIAN STARTUP ECOSYSTEM, 2014 ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2014 STARTUPS.HU
  • 3. We are living in a golden age of digital entrepreneurship, when tools and capital needed to transform concepts into reality are accessible to more people than ever. Never before has it been cheaper and easier to start a company and attract potential customers from all over the world.
  • 4. High growth technology startups look to be the primary growth engine of the new information economy. With that in mind, it is utterly important to analyse the economic pro鍖le and performance of startups, all with the goal of helping entrepreneurs, investors, and policy makers understand how they compare to the global startup ecosystem.
  • 6. QUANTITATIVE STUDY Statistical analysis of data from 125 startups, 54 investors, and 93 deals. RETROSPECTIVE ANALYSIS Systematic observation of economic indicators over the course of the years. QUALITATIVE STUDY Interviews with founders, investors and support organisations.
  • 8. TOTAL CAPITAL RAISED $69.3m (54.9m) in 27 deals
  • 9. NUMBER OF DEALS 5 10 15 20 25 30 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2013 2012
  • 10. DEAL CURRENCIES EUR 1.2m in 5 deals HUF 1.8bln in 20 deals USD 60.6m in 4 deals
  • 11. TOTAL CAPITAL BY STAGE Angel: $595k (477k) in 2 deals Seed: $3m (2.4m) in 19 deals Venture: $66.1m (52.3m) in 8 deals
  • 12. AVERAGE CAPITAL BY STAGE Angel: $297.5k (238.5k) Seed: $156k (125.9k) Venture: $8.3m (6.5m)
  • 13. INVESTMENT RANGES 5% 10% 15% 20% 25% $0-$50k $50k-$100k $100k-$250k $250k-$500k $500k-$1m $1m-$2m $2m+
  • 14. TYPES OF INVESTMENTS Percentage Angel % Seed % Venture % Value Angel $ Seed $ Venture $
  • 15. ORIGIN OF INVESTMENTS Percentage Value Domestic $ Foreign $Domestic % Foreign %
  • 16. CAPITAL INVESTED Spectrum Equity, Accel Partners Valor Capital Euroventures Sz辿chenyi Tkebefektet辿si Alap, Private Investors Traction Tribe Primus Capital OTP-DayOne Finnish Business Angels Network, Evli Bank Energen Group OTP-Day One Fiedler Capital European Pioneers iCatapult Axel Springer Plug and Play Kitchen Budapest $10m $20m $30m $40m $50m $60m
  • 17. CAPITAL INVESTED Valor Capital Euroventures Sz辿chenyi Tkebefektet辿si Alap, Private Investors Traction Tribe Primus Capital OTP-DayOne Finnish Business Angels Network, Evli Bank Energen Group OTP-Day One Fiedler Capital European Pioneers iCatapult Axel Springer Plug and Play Kitchen Budapest $1m $1m $2m $3m $3m $4m
  • 18. CAPITAL RAISED Prezi Mobilengine Tresorit Karma Platform Maven 7 Piqniq Enbritely Now Technologies CryptTalk SortPad StatzUp Hashtag Charity (#charity) SmartDrive Commsignia Remotaid RoboPhone MadBarz VegasLockDown Plays SongArc IntNine Opp.io Tappointment Funspotter Tep LiteUp SnapClip ShokaMe Pubify $10m $20m $30m $40m $50m $60m
  • 19. CAPITAL RAISED Mobilengine Tresorit Karma Platform Maven 7 Piqniq Enbritely Now Technologies CryptTalk SortPad StatzUp Hashtag Charity (#charity) SmartDrive Commsignia Remotaid RoboPhone MadBarz VegasLockDown Plays SongArc IntNine Opp.io Tappointment Funspotter Tep LiteUp SnapClip ShokaMe Pubify $1m $2m $3m $4m
  • 21. NUMBER OF DEALS 5 10 15 20 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Angel Seed Venture
  • 22. VALUE OF VENTURE DEALS $20m $40m $60m $80m $100m $120m 2010 2011 2012 2013 2014
  • 23. VALUE OF SEED DEALS $500k $1,000k $1,500k $2,000k $2,500k $3,000k 2010 2011 2012 2013 2014
  • 24. AVERAGE INVESTMENT SIZE $3m $6m $9m $12m 2010 2011 2012 2013 2014 Venture $150k $300k $450k $600k 2010 2011 2012 2013 2014 Seed
  • 25. INVESTMENT RANGES 10% 20% 30% 40% $0-$50k $50k-$100k $100k-$250k $250k-$500k $500k-$1m $1m-$2m $2m+ 2012 2013 2014
  • 26. 2 1 3 Average value of seed deals shows six-fold increase; Seed 鍖nancing overtakes venture 鍖nancing in rounds; Venture 鍖nancing rebounds after low period of 2 years.
  • 27. HUNGARIAN STARTUP ECOSYSTEM, 2014 ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2014 DATA AVAILABLE ONLINE, VISIT US AT: STARTUPS.HU Startups.hu is currently tracking 125 Hungarian tech startups, and 93 related investments. We are also tracking the economic pro鍖le of these Hungarian startups, which we plan to release as annual reports. Feel free to use our data, and remember to credit the site as your source. Startups.hu was established in an effort to build an extensive database of Hungarian startups, their economic performance, and the hard working entrepreneurs behind them. We want the site to become the source of an informed overview of the startup ecosystem in Hungary. Our goal is to make the Hungarian startup ecosystem transparent and predictable, thus more attractive for international venture capital.