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 software co…

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.”

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