Leaderboard: Europe’s Biggest Tech Exits
Europe’s digital media economy is doing just fine, if investor returns are anything to go by – Lovefilm is only one of 13 online software companies which have, in the last three years, exited at valuations over $250 million, according to one of the VCs behind the deal.
Balderton partner Dharmash Mistry shared with us his own tally of European success stories (larger version here)…
| Date | Company | Valuation | Location | Status |
|---|---|---|---|---|
|
Jan-11 |
Lovefilm |
– |
UK |
Acqd: Amazon |
|
Nov-10 |
Betfair |
$2bn |
UK |
IPO |
|
Jul-10 |
Ocado Ltd. |
$1.604bn |
UK |
IPO |
|
Jul-10 |
QlikTech |
$750m |
SW |
IPO |
|
Jun-10 |
Mycitydeal |
$400m |
DE |
Acqd: Groupon |
|
Mar-10 |
Net a porter |
$525m |
UK |
Acqd: richemont |
|
Dec-09 |
YOOX SpA |
$548m |
IT |
IPO |
|
Oct-09 |
Playfish Ltd. |
$300m |
UK |
Acqd: Electronic Arts |
|
Dec-08 |
Symbian |
$317m |
UK |
Acqd: Nokia |
|
Nov-08 |
MessageLabs |
$695m |
UK |
Acqd: Symantec |
|
Jul-08 |
Tele Atlas |
$2.531bn |
BE |
Acqd: tomtom |
|
Mar-08 |
Bebo |
$850m |
UK |
Acqd: AOL |
|
Feb-08 |
MySQL |
$1bn |
SW |
Acqd: Sun |
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A recent trend has seen Atlas switching focus away from Europe to Boston and Index, whilst remaining UK based, opening a full-time Bay Area outpost.
Mistry tells us: “The industry is increasingly global. We are very much European-centric, but global. A third of our portfolio is based outside of Europe.
“These are software businesses – once you’ve built them, they’re pretty scalable on a global basis. It’s no surprise many of us are spending much of our time building global companies.”