The normally conservative analysts at Go4Venture are upbeat in their Monthly Bulletin July 2013, saying that the summer month was an “awesome” one for investment. They contrast this M&A activity, which “remained soft”.
Two IPOs suggest an improvement in the market, at least in London, with strong stock performance of Wandisco and Blur Group. The month of July 2013 was the “largest month ever on record”, mainly due to a EUR 300 million late stage financing for Amsterdam-based Mobileye, a car driving automation technology company originally from Israel.
The Go4Venture results are in line with what is happening in the US as reported in the MoneyTree™ Report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association, which shows a 12 percent value increase of cumulative investments to June 2013 compared to the same period last year.
Go4Venture says that that European venture is actually growing much faster than the US , but readers are cautioned to keep in mind that Europe’s growth is up from much lower base than the US market which is approximately 4x to 5x larger.