According to a report by Clipperton finance, innovative SME financing has rebounded in the second quarter of 2013 despite all the rumours about the European economy.
An investment volume of 1TP2Q1,550m representing 131TP1Q quarter-on-quarter growth.
After the first quarter of 2013 saw a 24% increase in the volume invested in innovative companies ($1.375m), this second quarter continues to grow in volume albeit at a slower pace at 13%. The growth was driven by an increase in the volume of investment in deals below 30M$ with a total of 18%, while deals above 30M$ only grew by 2%.
«El segmento que más ha crecido ha sido el de operaciones pequeñas entre $1m y $5m, registrándose 120 un 30% más con un total de $306m. En España el efecto ha sido todavía mayor según las estadísticas del primer semestre, ha descendido el volumen de inversión pero en un número mayor de empresas» comenta Diego Gutierrez experto en finanzas corporativas en ABRA INVEST.
Germany leads the quarter ahead of France and the UK.
If we consider the whole first half of the year, the UK remains the leader in terms of volume invested, but Germany is ahead in the second quarter with $372m. With this figure, it is ahead of France's $338m and the UK's $316m.
«Cada país tiene patrones de inversión distintos. Alemania, por ejemplo, registra menor número de operaciones que Francia pero un volumen de inversión mayor. Esto es debido a la grandes operaciones surgidas este trimestre como Numberfour ($35m), Hybris Software ($30m) or Mister Spex ($21m).En cambio, Francia ha alcanzado el ranking semestral por número de operaciones con 127 transacciones, casi la mitad entre $1m y $5m y solo 2 operaciones superaron los $30m ambas en el sector de la tecnología médica.» analiza Diego Gutierrez.
The most active funds.
The German fund HTGF leads the quarter with the same number of deals as the previous quarter (11). The fund stems from public partnerships with 14 industry groups, with the objective of participating in seed rounds across a broad spectrum of sectors.
With 7 investments in the quarter compared to 5 in the first quarter, Index Venrtures was the largest investor by value invested in the first half of the year. Index has participated in the largest round with $130m in Finnish gaming company Supercell. Other notable investments have been Gensight with $42m and Numberfour with $38m.