HUNGARIAN STARTUP ECOSYSTEM, 2012

ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012

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 profile 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?

RETROSPECTIVE ANALYSIS

How did the factors of the Hungarian ecosystem develop over the years.

QUALITATIVE STUDY

Interviews with founders, investors and support organisations.

QUANTITATIVE STUDY

Statistical analysis of data from 79 startups, 27 investors, and 44 deals.

STARTUPS

5

10

15

20

25

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

FOUNDING

TECHNOLOGY

Hungary

Silicon Valley

Web Mobile Web+Mobile Software

STAGES

Hungary

Silicon Valley

Discovery Validation Efficiency Scale

JOB CREATION

Hungary

Silicon Valley

Discovery Validation Efficiency Scale

EMPLOYEES

1

2

3

4

5-9 10-14 15-19 20-29 30-49 50-99 100+

OPERATION

Hungary

Silicon Valley

Bootstrapped Funded

INVESTMENTS

TOTAL CAPITAL RAISED

$11.5m (€8.1m) in 18 deals

DEALS

5

10

15

20

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

AVERAGE CAPITAL BY STAGE

Angel: $20k (€14k)

Seed: $59.4k (€45.9k)

Venture: $1.1m (€772.8k)

CURRENCIES

USD 1.3m in 5 deals,

EUR 1.6m in 3 deals,

HUF 1.9bln in 10 deals.

INVESTMENT RANGES

1

2

3

4

5

0-50k 50k-100k 100k-250k 250k-500k 500k-1m 1m-2m 2m+

ORIGIN OF INVESTMENTS

% Domestic % Foreign $ Domestic $ Foreign

CAPITAL INVESTED

Primus Capital

PortfoLion

Euroventures

DoubleRock Venture Capital

Biggeorge’s-NV

DBH Investments

Day One Capital

Széchenyi Tőkebefektetési Alap

Bethesda

InvestLife, Phoenix Investment

Seedcamp

Start-Up Chile

Colabs Seed Program

Startup Wise Guys

$1m $2m $3m $4m $5m

CAPITAL RECEIVED

Replise

Tresorit

Remagine

Real5d

Multipass Solutions

Boadree

Hand-in-Scan

Flan-Tech

Mobilengine

iDeaPool

Mixgar

Antavo

Brickflow

Internfish

Bandalizer

$0.5m $1.0m $1.5m $2.0m

DEAL HISTORY

5

10

15

20

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Angel Seed Venture

HUNGARIAN STARTUP ECOSYSTEM, 2012

ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012DATA VAILABLE ONLINE, VISIT US AT: STARTUPS.HU

Startups.hu is currently tracking 79 Hungarian tech startups, and 44 related investments. We are also tracking the economic profile 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.