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%.
"The segment that has grown the most has been the small deals between $1m and $5m, registering 120 more 30% for a total of $306m. In Spain the effect has been even greater according to the statistics for the first half of the year, the volume of investment has fallen but in a larger number of companies" comments Diego Gutierrez, corporate finance expert at 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.
"Each country has different investment patterns. Germany, for example, has fewer deals than France but a higher investment volume. This is due to the large deals that have emerged this quarter such as Numberfour ($35m), Hybris Software ($30m) or Mister Spex (In contrast, France has reached the half-year ranking by number of deals with 127 transactions, almost half between $1m and $5m and only 2 deals exceeded $30m, both in the medical technology sector," analyses 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.