Preview of a report on the startup ecosystem in Hungary. Statistics on the economic performance of startups and and related investments.

1. HUNGARIAN STARTUP ECOSYSTEM, 2012
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012
STARTUPS.HU

2. WHY?

3. 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.

4. 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.

5. HOW?

6. RETROSPECTIVE
ANALYSIS
QUALITATIVE
STUDY
QUANTITATIVE
STUDY
How did the factors of
the Hungarian ecosystem
develop over the years.
Interviews with founders,
investors and support
organisations.
Statistical analysis of data
from 65 startups, 27
investors, and 39 deals.

7. RESULTS

8. FOUNDING
25
20
15
10
5
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012

9. TECHNOLOGY
Hungary
Silicon Valley
Web
Mobile
Web+Mobile
Software

10. STAGES
Hungary
Silicon Valley
Discovery
Validation
Efficiency
Scale

11. JOB CREATION
Hungary
Silicon Valley
Discovery
Validation
Efficiency
Scale

12. EMPLOYEES
4
3
2
1
5-9
10-14
15-19
20-29
30-49
50-99
100+

13. OPERATION
Hungary
Silicon Valley
Bootstrapped
Funded

14. DEAL HISTORY
20
15
10
5
2000
2001
2002
2003
2004
Angel
2005
2006
Seed
2007
2008
2009
Venture
2010
2011
2012

15. DEALS
20
15
10
5
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

16. 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

17. 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

18. ORIGIN OF INVESTMENTS
% Domestic
% Foreign
$ Domestic
$ Foreign

19. CURRENCIES
USD 1.3m in 5 deals,
EUR 1.6m in 3 deals,
HUF 1.9bln in 10 deals.

20. INVESTMENT RANGES
5
4
3
2
1
0-50k
50k-100k
100k-250k
250k-500k
500k-1m
1m-2m
2m+

21. AVERAGE CAPITAL BY STAGE
Angel: $20k (€14k)
Seed: $59.4k (€45.9k)
Venture: $1.1m (€772.8k)

22. TOTAL CAPITAL RAISED
$11.5m in 18 deals

23. HUNGARIAN STARTUP ECOSYSTEM, 2012
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2012
DATA VAILABLE ONLINE, VISIT US AT: STARTUPS.HU
Startups.hu is currently tracking 82 Hungarian tech startups, and 53 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.