Summary:

Europe’s digital media economy is doing just fine, if investor returns are anything to go by – Lovefilm is only one of 13 online companies w…

Europe’s digital media economy is doing just fine, if investor returns are anything to go by – Lovefilm is only one of 13 online 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 software success stories…

Date

Company

Valuation

Location

Euro VCs

Status

Jan-11

Lovefilm

-

UK

Balderton, Index, Arts Alliance

Acquired by Amazon

Nov-10

Betfair

$2bn

UK

Balderton, Index

IPO

Jul-10

Ocado Ltd.

$1.604bn

UK

N/A

IPO

Jul-10

QlikTech

$750m

SW

Accel

IPO

Jun-10

Mycitydeal

$400m

DE

Holtzbrinck, European Founders

Acquired by Groupon

Mar-10

Net a porter

$525m

UK

Index (secondary only)

Bought by richemont

Dec-09

YOOX SpA

$548m

IT

Balderton

IPO

Oct-09

Playfish Ltd.

$300m

UK

Index, Accel

Acquired by Electronic Arts

Dec-08

Symbian

$317m

UK

Mobile networks

Acquired by Nokia

Nov-08

MessageLabs

$695m

UK

N/A

Acquired by Symantec

Jul-08

Tele Atlas

$2.531bn

BE

N/A

Acquired by tomtom

Mar-08

Bebo

$850m

UK

Balderton

Acquired by AOL

Feb-08

MySQL

$1bn

SW

Balderton, Index

Acquired by Sun

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.”

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