A Wall Street sign is seen in Lower Manhattan in New York, Jan. 20, 2016.  REUTERS/Mike Segar

Venture-backed stocks move upward in April

The Thomson Reuters’ Post-Venture Capital Index (PVCI) gained nearly 30 points to end April at 1106.28, a .0027 percent gain from the 1076.77 mark at the end of March. The April month ending index value stands more than 140 points above the 966 mark to start the year. In comparison, the Nasdaq and S&P also moved […]

IPO
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IPO Profiles: Five new debuts in April, led by unicorns

There were five venture-backed IPOs in April, compared with three in March. But proceeds fell. The April debuts, led by unicorns Cloudera, Okta and Yext, collectively raised proceeds of more than $810 million, compared to nearly $4.3 billion raised by the VC-backed IPOs in March, which was led by the outsized IPO of Snap that […]

Germany Seed HTGF VC

Germany’s HTGF finds fertile ground for seed funding

By Alex Derber, VCJ Correspondent Tracking early-stage investment is a difficult task because plenty of non-institutional funding sources from various angels and companies fly under the radar. In Germany, says Invest Europe, the Continent’s venture trade body, seed investment has halved since the financial crisis. Yet like other Western countries, Germany has seen entrepreneurial activity expand dramatically, […]

Red Arrow Down Dashboard VC

Dashboard: Exit proceeds drop in April, fundraising also drops

All the indices dropped in April, compared with March, with the proceeds from venture-backed M&A and IPOs falling the most. Acquisitions in April were led by McKesson‘s purchase of Columbus, Ohio-based Covermymeds. But the $1.4 billion deal was still less than half the size of the unicorn Appdynamics, which finalized its $3.7 billion to Cisco […]

Fudn Profile London VC

London’s Forward Partners steps up and stands out from the crowd

Alex Derber, VCJ Correspondent Most VCs like to emphasize the benefits they offer entrepreneurs beyond simple equity investments. These might be a bulging contacts book, specialist knowledge or overseas ties, but some European firms now hire dedicated support staff, a practice common in the United States but still novel in Europe. One such firm is […]

An illuminated sign depicting people walking is displayed at euro zone's largest bank Santander's headquarter in Boadilla del Monte, near Madrid, February 4, 2010. Santander, the euro zone's largest bank, maintained net profits at 8.9 billion euros ($12 billion) last year, with an overseas expansion into fast-growing areas like Brazil paying off while it battles a deep recession in Spain. REUTERS/Sergio Perez  (SPAIN - Tags: BUSINESS) - RTR29TN8

VCs on the Move, recap from April

It was a busy month again for people moves, as two entrepreneurs–Russ Wilcox and Kevin Rose–joined the ranks of venture capitalists. Meanwhile, Chris Sacca announced his retirement. Entrepreneur Wilcox joins Pillar as a partner Longtime operator and angel investor Russ Wilcox has joined the early-stage firm Pillar as a partner. He will invest alongside Pillar […]

Euro Deals VC

Data spotlight: U.K. startups lead Europe in March with money raised

The United Kingdom led European nations in venture activity in March, as 30 U.K.-based companies raised nearly €264 million ($282 million), according to a VCJ analysis of data from Thomson Reuters. (See table below.) Germany ranked second in the month, with 21 deals that collectively raised more than €186 million ($199 million). France saw 14 startups […]

Europe Late Stage VC

Europe no longer reliant on outside investors for late-stage funding

By Alex Derber, VCJ Correspondent European venture is still to fully recover from the global financial crisis, and some sources suggest that late-stage funding has suffered the most. By the end of 2015, total European VC investment was 40 percent lower than it was in 2008, the trade group Invest Europe says. Venture investment in the […]

Stock Wall Street PVCI

VC-backed stocks drop 213 points in March

The Thomson Reuters’ Post-Venture Capital Index (PVCI) ended the month of March at 1076.77, a drop of 213 points from February’s 1289.79. The March 31 index value represented a drop of 16.5 percent from the month before, but was still more than 110 points greater than the 966 mark to start the year. In comparison, the […]

Fund VC
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U.K.’s Atomico is scaling up

By Alex Derber, VCJ Correspondent London-based Atomico has jumped to the top of Europe’s venture capital pile with a new fund that dwarfs those of its nearest rivals. Two of Europe’s other big investors, Index Ventures and Accel Partners, last year closed $550 million and $500 million, respectively, for their flagship vehicles. They’ve since seen […]

Piggy Bank Deposit
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Questioning the conventional wisdom of the reserve fund

By Clint Korver, Ulu Ventures When AppDynamics was acquired by Cisco just before its planned IPO, reports credited early investor Greylock Partners with a return of 100x on its investment in the San Francisco-based enterprise software company. That report was soon amended to reflect that Greylock’s return was closer to 25x, returning an excellent $590 […]

VC Germany Europe

Project A co-founder looking at early-stage Berlin and beyond

By Alex Derber, VCJ Correspondent Since Project A launched in late 2011, the early-stage venture firm has grown in step with its home city, Berlin. The technology and e-commerce investor raised €80 million ($85 million) for its debut fund and recently finalized a second at €140 million ($148 million). In addition, it’s closing on €40 […]

Euro Deals Data

Data report: U.K. leads Europe in February with 29 deals

The United Kingdom led all European nations in venture activity in February, as 29 U.K. companies raised nearly €180 million ($192 million), according to a VCJ analysis of data from Thomson Reuters. (See table below.) Germany ranked second in the month, with 18 deals that combined to raise €66.74 million ($71 million). France saw 16 startups […]

PVCI

Venture-backed stock index gains nearly 279 points in February

The Thomson Reuters’ Post-Venture Capital Index (PVCI) finished the month of February at 1289.79, it’s highest mark since August 2000 when it stood at 1343. The Feb. 28 index value represented a gain of 278.45 points, or 27.5 percent, compared with the 1011.34 mark at the end of January 2016. At the end of February, the […]

Europe Ireland Fund Profile VC
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On the Frontline with one of Europe’s growing early-stage firms

Alex Derber, VCJ Correspondent Frontline Ventures of Dublin is only four years old, but in Europe’s blossoming seed landscape, that makes it almost a veteran. Citing recently raised debut funds from London-based Downing Ventures, Entrepreneur First and Episode 1, among others, Frontline co-founder William McQuillan reels off a long list of seed investors that hadn’t yet […]

People VCs on the Move

VCs on the Move, recap from February

It was a relatively calm month of personnel moves in February, compared with January when it seemed multiple firms returned to business after the end of last year and announced partnership changes. One of the most high-profile VC moves in February came late in the month when Renata Quintini joined Lux Capital, leaving Felicis Ventures where […]

Euro Y Soft Fund Profile

Y Soft Ventures founder is Czech’s mate

Vaclav Muchna joined a tiny vanguard of Eastern European entrepreneurs when, in 2000, he founded the company Y Soft, a provider of enterprise print management solutions, in the Czech Republic. Since then, the company has launched its own venture arm Y Soft Ventures and expanded into the United States. Muchna, who’s chief executive and chairman […]