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, 2013
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2013
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 86 startups, 43
investors, and 56 deals.

7. STARTUPS

8. YEAR OF FOUNDING
25
20
15
10
5
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013

9. TECHNOLOGY
Hungary
Silicon Valley*
Web
Mobile
Web+Mobile
Software
* Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012

10. STAGES
Hungary
Silicon Valley*
Discovery
Validation
Efficiency
Scale
* Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012

11. OPERATION
Hungary
Silicon Valley*
Bootstrapped
Funded
* Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012

12. ROUNDS OF FUNDING
Hungary
0
1
2
3

13. JOB CREATION
Hungary
Silicon Valley*
Discovery
Validation
Efficiency
Scale
* Source: Startup Ecosystem Report 2012, Startup Genome Project, 2012

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

15. INVESTMENTS

16. NUMBER OF DEALS
12
10
8
6
4
2
2000
2001
2002
2003
2004
Angel
2005
2006
2007
Seed
2008
2009
Venture
2010
2011
2012
2013

17. VALUE OF VENTURE DEALS
$100m
$80m
$60m
$40m
$20m
2011
2012
2013

18. VALUE OF SEED DEALS
$500k
$400k
$300k
$200k
$100k
2011
2012
2013

19. NUMBER OF DEALS
20
15
10
5
0
Jan
Feb
Mar
Apr
May
Jun
2013
Jul
2012
Aug
Sep
Oct
Nov
Dec

20. TOTAL CAPITAL RAISED
$3.12m (€2.3m) in 12 deals

21. DEAL CURRENCIES
USD 240k in 2 deals,
EUR 120k in 3 deals,
HUF 608m in 7 deals.

22. AVERAGE CAPITAL BY STAGE
Angel: $77k (€60k)
Seed: $65.1k (€48.5k)
Venture: $646.3k (€482.5k)

23. TYPES OF INVESTMENTS
Percentage
Angel %
Seed %
Value
Venture %
Angel $
Seed $
Venture $

24. INVESTMENT RANGES
40%
30%
20%
10%
$0-$50k
$50k-$100k
$100k-$250k $250k-$500k
2013
$500k-$1m
$1m-$2m
$2m+

25. ORIGIN OF INVESTMENTS
Percentage
Domestic %
Value
Foreign %
Domestic $
Foreign $

26. CAPITAL INVESTED
Finext Startup, Day One Capital
DBH Investment
Széchenyi Tőkebefektetési Alap
Day One Capital
iCatapult
Undisclosed Investors
Enterprise Ireland
Tekes, Startup Foundation
Propeller Venture Accelerator
Startup Chile
MNG International Investments
$0.2m
$0.4m
$0.6m
$0.8m
$1.0m

27. CAPITAL RAISED
OptoForce
Agorix
Virtual Call Center
Sopreso
EDMdesigner
Sighter
iLandGuide
Mixgar
Antavo
Synetiq
Quargo
Brickflow
Internfish
Bandalizer
BookBox
$0.2m
$0.4m
$0.6m
$0.8m
$1.0m

28. HUNGARIAN STARTUP ECOSYSTEM, 2013
ECONOMIC SNAPSHOT OF THE HUNGARIAN STARTUP ECOSYSTEM IN 2013
DATA AVAILABLE ONLINE, VISIT US AT: STARTUPS.HU
Startups.hu is currently tracking 88 Hungarian tech startups, and 56 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.