Artificial Intelligence, Deep Tech &
Venture Capital in Europe
30 October 2017
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3
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
Deep tech: cutting-edge technologies applied to
solving complex problems (a subjective term)
Source: Dealroom.co
5
Robotics
Aviation,
drones & space
Semiconductors
Heavy industry &
supply chain
Internet of
Things
AR / VR
Artificial
Intelligence
Artificial Intelligence is pervasive across nearly every
industry vertical; here are some examples:
6
Finance,
insurance
Travel &
Transportation
Health Tech
Marketing &
Sales
Content &
Advertising
eCommerce &
Marketplaces
Security
Recruiting
Gaming
Education
Enabling
software
Kreditech,
Bondit (IL),
Blockchain,
Riskified (IL)
AImotive,
MobileEye (IL),
Destygo
Sophia Genetics,
Cardiologs
Market Logic
Software,
Vainu.io
Outbrain (IL)
Shopify (Canada),
Twiggle (IL),
Ometria
Ravelin,
Shift
Technology
Textkernel,
Source{d},
Clustree
Improbable,
Cubic Motion,
Niantic (US)
BridgeU
Hardware
Ledger Wallet
Starship
Technologies,
Navya,
Otto (US)
Aspect Imaging
(IL),
Wandercraft,
Bioserenity
Aldebaran
Robotics,
GBL Robotics
(Russia)
Narrative,
Crunchfish,
Manomotion,
Videantis
Exotec Solutions,
RoboCV (Russia)
Oco,
Cocoon,
Roboteam (IL),
Smartfrog
Healthy
Workers
Primo Toys,
3dRudder,
Tinkerbots,
Razer (US)
Kano
Computing,
Blue Frog
Products &
closed
systems
Number26
Skyscanner,
Comtravo,
Uniti
Roivant Sciences,
Aifloo,
Babylon Health
Swrve (US),
Emarsys,
Mintigo (IL)
Sparrho,
Spotify,
Facebook
(US), Google
(US)
Zalando,
ASOS,
Amazon (US),
Ebay (US)
Darktrace,
Featurespace
Jobandtalent,
Hiresweet
NaturalMotion
Babbel,
Viska
Interfacing
(bots, voice,
AR/VR, )
Brolly,
Cleo AI,
Neosurance,
TalkBank
(Russia)
German Autolabs,
WayRay,
Nexar (IL),
Lola Travel (US)
MindMaze,
Your.MD,
OrCam (IL)
Intercom (US),
Genus AI,
CallDesk
Blippar,
Shazam
chatShopper,
Cortexica,
SyteAI (IL),
Alexa (US),
Google Home (US)
Onfido
Job Pal,
Sympl
Olly,
Oculus (US)
Labster,
Lalilo,
Immersive VR
Source: Dealroom.co
Artificial Intelligence is
Source: Neota logic
7
Artificial
Intelligence
Machine learning
Natural language processing
Expert systems
Vision
Speech
Planning
Robotics
Deep learning
Supervised
Unsupervised
Content extraction
Classification
Question answering
Machine translation
Image recognition
Machine vision
Speech to text
Text to speech
Text generation
presentation continues on next page
This report provides only a glimpse into Europe's
Deep Tech & AI universe. The database contains
nearly 3,000 companies. Click to open:
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
1,156M
1,203M
2,940M
4,151M
3,373M
3,672M
2012
2013
2014
2015
2016
2017E
1,903M
2,585M
4,234M
7,176M
7,471M
11,388M
2012
2013
2014
2015
2016
2017E
Investment focus has shifted towards Fintech,
Healthtech, Deep tech, and Enterprise Software
Investment into B2C verticals such as
Fashion, Wellness, Taxi, Travel has
stabilised since 2015. Companies
focusing on execution & consolidation ...
Source: Dealroom.co.
Note: 2017E is 2017 up to Q3 annualised. Europe excludes Israel.
whereas investment into
FinTech, HealthTech, Enterprise
and Deep Tech have seen the
most growth
10
Food
Fashion
Wellness
Travel
Content
Deep Tech
Health
Fintech
Enterprise
Y-axes are not
the same scale
9.5 billion invested into European Deep Tech & AI
companies since 2012; steep increase since 2017
Source: Dealroom.co.
Note: 2017E is 2017 up to Q3 annualised. Europe excludes Israel.
11
0.4B
0.8B
0.9B
1.7B
2.3B
4.6B
121
229
368
556
702
589
2012
2013
2014
2015
2016
2017E
Total funding ( M)
Number of rounds
Click for interactive data online!
2017 YTD:
3.4B from 442 rounds
Roivant $ 1.1bn growth equity

Improbable $ 502M series B
Kreditech 110 late VC
Decline in number of rounds is in
line with overall market trend
towards fewer larger deals
as a result 17-23% of European VC investment is
now AI & Deep Tech related; versus 26-30% in Israel
Source: Dealroom.co.
Note: 2017E is based on 2017 up to Q3 annualised. Europe excludes Israel.
12
23%
30%

10%
20%
30%
40%
50%
60%
2012
2013
2014
2015
2016
2017E
Europe
Israel
17%
26%

5%
10%
15%
20%
25%
30%
35%
2012
2013
2014
2015
2016
2017E
Europe
Israel
2013 skewed due by Mobileye's
$400M growth equity round
Percentage Deep Tech & AI
by VC amount invested
Percentage Deep Tech & AI
by number of VC rounds
Israel
Europe
2017 skewed by:
Roivant $ 1.1B
Improbable $ 502M
Israel
Europe
More capital is going to
fewer category winners
in AI & Deep Tech
That 9.5 billion in Deep Tech related investments
across multiple market models and industry verticals
Source: Dealroom.co.
Note: Europe excludes Israel.
13
By market approach
(2012 2017 Q3)
By industry vertical
(2012 2017 Q3)
9.5B
5.3B
3.8B
3.7B
2.1B
1.0B
0.9B
0.7B
0.6B
0.5B
0.4B
0.3B
0.2B
0.2B

2.0B
4.0B
6.0B
8.0B
10.0B
Deep Tech
...in combination with
Artificial Intelligence
Hardware manufacturing
SaaS models
InternetOfThings
Semiconductors
Virtual reality
Developer tools
eCommerce
Robotics
Marketplace
Meta-search
Blockchain
Computer vision
9.5B
3.4B
1.7B
1.3B
1.0B
0.8B
0.7B
0.7B
0.4B
0.4B
0.4B
0.3B
0.3B
0.2B
0.2B

2.0B
4.0B
6.0B
8.0B
10.0B
Deep Tech
...in combination with
Data analytics
Medical healthcare
Fintech
Security
Telecom
Gaming
Marketing
Content
Advertising
Home
Education
Back office
Fashion
Travel
Similar investment
in hardware and
SaaS models
(within Deep Tech)
Medical, fintech, security
are the top verticals
related with
Telecom mainly in
relation to IoT and
Gaming in relation to
AR/VR
Non-VC investments into
deep tech advertising are
undetected, as they are
made from corporate
balance sheets (e.g.
Facebook, Google)
UK is Europe's clear leader in Deep Tech, but Israel is
still ahead by total capital deployed since 2012
Source: Dealroom.co.
Note: Europe excludes Israel.
14
3.5B
3.4B
1.5B
1.3B
1.1B
0.4B
0.3B
0.2B
0.2B
0.2B
0.2B
0.1B
0.1B
0.1B
0.1B
Israel
United
Kingdom
Switzerland
France
Germany
Sweden
Ireland
Netherlands
Finland
Spain
Austria
Belgium
Norway
Russia
Denmark
Venture capital investment activity by country (2012-2017 Q3)
Number of VC rounds (2012-2017Q3)
As % of all VC rounds
25% 24%
23%
19%
17% 17% 16%
15%
14% 13% 13% 13% 13%
11%
9%
839
364 348 339
189
151 132 131
94 81 73 68 51 46 40
1,649M
1,452M
826M
464M
363M
103M
91M
78M

400M
800M
1,200M
1,600M
2,000M
United Kingdom
Switzerland
Israel
France
Germany
Ireland
Finland
Belgium
2012
2013
2014
2015
2016
2017E
UK taking lead in Deep Tech, but other countries on
the rise too; France closing in by number of rounds
Source: Dealroom.co. 2017E based on 2017 to Q3 annualised.
15
Invested capital (2012-2017E)
Number of Deep Tech & AI VC rounds by country
Improbable
$ 502M
Roivant
$ 1.1B
141
109
61
52
31

40
80
120
160
200
2012
2013
2014
2015
2016
2017E
United Kingdom
France
Israel
Germany
Sweden
Switzerland
UK
France
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
Selected top European VC-funded companies
Source: Dealroom.co
17
Company
Description
Location
Total Funding
Investors
Biopharmaceutical
company
Basel, Switzerland
1.1B
Last round: Growth Equity
(Aug 2017)
SoftBank, Viking Global Investors, QVT Financial, Dexcel Pharma
Builds simulated worlds
that can be used by game
developers
London, UK
504M
Last round: Series B
(May 2017)
SoftBank, Horizons Ventures, Temasek Holdings, Local Globle, Conversion Capital,
Amadeus Capital, David Rowan, Andreessen Horowitz
Developing a new
generation of nanopore-
based electronic systems
for analysis of single
molecules
Oxford, UK
328M
Last round: Growth Equity
(Dec 2016)
GT Healthcare, IP Group Plc, Woodford Investment, Odey Asset Management, Lansdowne
Partners, Illumina, Invesco
New generation storage
systems for enterprises
Herzliya, Israel
296M
Last round: Series C
(Oct 2017)
Goldman Sachs, TPG Growth, Security Growth Partners
Uses machine-learning
technologies to provide
access to better credit for
the underbanked
Hamburg, Germany
256M
Last round: LATE VC
(May 2017)
PayU, Rakuten, International Finance Corporation, Vrde Partners, Amadeus Capital, J.C.
Flowers & Co., HPE Growth Capital, Blumberg, Victory Capital, Point Nine, Kreos Capital, H2
Investments, Global Funders, 10x Group, 121WATT, Digital Pioneers, HitFox Group,
YoungBrains, Nils Henning, Sebastian Diemer, Heissam Hartmann, Felix Haas, Stefan
Glaenzer, Micheal Brehm, Peter Thiel
Provides enterprise
immune system
technology for cyber
security
Cambridge, UK
163M
Last round: Series D
(Jul 2017)
Insight Venture, KKR & Co., TenEleven, SoftBank, Summit Partners, Hoxton Ventures, Talis
Capital, Invoke Capital Partners
Selected exits in European in AI and Deep Tech
Source: Dealroom.co
18
Company
Description
Location
Transaction
Acquirers
Investors who exited
Secure connectivity
solutions for embedded
applications
Eindhoven,
Netherlands
42.8B
Acquisition
(Oct 2016)
Qualcomm
San Diego, CA, USA
Apax Partners, KKR, Bain Capital, Silver Lake Partners
Semiconductor
intellectual property
supplier
Cambridge, UK
24B
Acquisition
(Jul 2016)
SoftBank
Tokyo, Japan
-
Developing advanced
driver assistance
systems
Jerusalem, Israel
$ 15.3B
Acquisition
(Aug 2017)
Intel Corporation
Santa Clara, CA, USA
Morgan Stanley, Sailing Capital, Goldman Sachs, Gandyr Group,
GlenRock Israel, FIBI, Fidelity, Mayer's Cars and Trucks, Wellington
Management, BlackRock, Enterprise Rent-A-Car, Delek Group, Daniel
Gutenberg, Shmuel Harlap, Peter Neustadter
Manufacturer of
robotic systems
Berlin, Germany
4.5B
Acquisition
(Jul 2016)
Midea Group
Guangdong, China
-
Designer and developer
of silicon and software
for the consumer
electronics market
Cambridge, UK
$ 2.1B
Acquisition
(Oct 2014)
Qualcomm
San Diego, CA, USA
Scottish Equity Partners, Intel Capital, Mobile Internet Capital,
LDC
Builds general-purpose
algorithms for use in
simulations, e-
commerce applications,
and games
London, UK
400M
Acquisiton
(Jan 2014)
Google
Mountain View, CA, USA
Horizon Ventures, Founders Fund
Machine learning based
approaches for visual
processing on web,
desktop and mobile
London, UK
$ 150M
Acquisiton
(Jun 2016)
Twitter
San Francisco, CA, USA
Octopus Ventures, Balderton Capital, 7percent Ventures,
Entrepeneur First
presentation continues on next page
Click here to
explore Deep Tech
exits!
1.
Introduction to AI & Deep Tech
2.
Venture capital funding
3.
Prominent VC-backed companies and exits
4.
Key investors and corporates
Contents
Most active VC investors in European AI & Deep Tech
VC Investor
Location
European deep tech portfolio companies
Exits
Paris, France
Joshfire, FabZat, Admedo, Viewsy, Finexkap, VideoStitch, Sqreen, Hoard, Obvious Engineering, Geenapp,
Fred's Accounting, Whally, Visiblee, Camera 51, Reminder, DICE, Smart Me Up, Reach Robotics, Aiden,
Recast.AI, Sensibo, Doctrine, sourced, Doctrine, Salezeo, Aniyways, Crowd Process, Gorgias, Riminder
-
Bonn, Germany
ItemBase, p3dsystems, ParkTAG, Bitstars, Bionic Robots, uberMetrics Technlogies, coModule, Venneos,
Compositence, Somonic, NUIA, Data Virtuality, Multiphoton Optics, POSpulse, Cuculus, Pulsar
Photonics,SE.M.LABS, Magazino, ReActive Robotics, Raumfeld, Moberries, SOTA Solutions, Evaly
Versus, Gestigon, Enshape
Paris, France
Snips, Adnow, Netatmo, Parrot, Dictanova, Ween, Smart Me Up, E.Sensory, Pkparis, Equisense, Crosscall,
MilleursAgents.com, InnerSense, Actility, Pandascore, Marbotic, Balyo, EOS imaging, Delair-Tech, VEKIA,
Bioserenity, Wandercraft, CardioLogs
WiThings
LocalGlobe
London, UK
Echobox, Improbable, Statustoday, Lingumi, Dronomy, Signal Media, Bd4travel, ASI, Streetbees, Vinaya,
Riskifield, Old St Labs, Cleo AI, Thread, skimlinks, CheckRecepient, Beamery, Furhat Robotics
-
Hong Kong, HK
Aniyways, Everything.me, Meteo-Logic, Mishor3D, NanoSpun, Windward, Teralytics, Jobspotting, Summly,
Improbable
DeepMind, Crosswise, Spotify
London, UK
Duedil, GoSquared, Pusher, EyeEm, GoCardless, OpenSignal, Narrative, Digital Shadows, Tray, Limejump,
Ravelin, Prowler.io, wireWAX, Reach Robotics
-
London, UK
aiHit, XMOS, artimi, Kreditech, Ravelin, Five AI, Prowler.io, Graphcore, CheckRecipient, Exonar, Improbable,
Synthace Limited
VocalIQ
Source: Dealroom.co
21
Top U.S. corporate investors in European Deep Tech
Corporate
Location
European deep tech investments & acquisitions
Exits
Santa Clara, USA
NUIA, CGTrader, DiBcom, Movea, Fortscale, OrCam, Silicon Hive, Envara, Sckipio Technologies,
Parallel Machines, Stratoscale, ProGlove, Panoply, W.S.C. Sports, Chronocam, Ascending
Technologies, ProGlove, Infineon Technologies, Yogitech, MAVinci, Medopad, CoFluent Design
Layar, Imagination
Technologies, Aldebaran
Robotics, Jordan Valley
Semiconductors
Cupertino, USA
Acunu, Metaio, VocalIQ, faceshift, RealFace, Regained, PrimeSense
Imagination Technologies
San Diego, USA
CSR, Wilocity, Cubic Telecom, Skysense, Reach Robotics, Scyfer, Solenica, NXP Semiconductors,
Wilocity, Blippar, Fotokite, OpenSignal
-
Redmond, USA
SwiftKey, Solair, Opuscope, Hexadite, Onfido, Airobotics, SAM Labs, Neura, CommonSense
Robotics, Genoox, Knowmail, Siemplify, W.S.C. Sports, Cognisess, AttachingIT, ArtGuru, Bepleez
-
Mountain View, USA
DeepMind, MoodStocks, DFKI, AIMatter, Resolution Games, Hark, Dark Blue Labs, Vision
Factory, Blockchain
-
San Jose, USA
Worldsensing, Actility, EVRYTHNG, Adbrain, Veniam
-
Seattle, USA
Musaic, Invoxia, Oco, NICE, Liquavista, Evi, Cloud 9
-
Source: Dealroom.co
22
Top European corporate investors in AI & Deep Tech
Source: Dealroom.co
23
Corporate
Location
European deep tech investments & acquisitions
Exits
Munich, Germany
Tado, ParkTAG, Pyreos, Panoratio, Wirescan, Sternico, Magazino, Enstorage, TASS
International
CyActive
Stuttgard, Germany
Graphcore, Actility, Robart, Modcam, Chronocam, Unispectral, Aimotive, AdasWorks,
Utilight, ParkTag, Pebbles Interfaces, Ignuazio, Optomed, IntrinsicID
-
Frankfurt, Germany
Micropelt, Cuculus, Augmentation Industries, Trinckle, ParkTAG, Confovis, ClickWorker
BigRep
Montrouge, France
EOS Imaging, Ween, FabZat, Enerbee, HiKob, 3DRudder, Pixyl, Kleuster, Usitab,
Pyntheas Technologies
DiBcom
Cambridge, UK
Jukedeck, Audio Analytic, GeoSpock, Prowler.io, Cambridge Medical Robotics
-
Paris, France
Actility, AwoX, Equisense, Smartly.ai, AccelaD
CoFluent Design
Worblaufen, Switzerland
Ava, Sophia Genetics, PIQ, Insightness, Actility
-
What Europe's most prominent investors are doing
VC investor
Prominence
rank (1)
Country
European deep tech portfolio companies
Exits
1st
UK
Collibra, artimi, DataBerries, Kayrros, Beamery, BERG Cloud, EDITED
SwiftKey, Alert Me
2nd
Germany
Loop Me, Zeitgold
-
3rd
UK
GoCardless, Furhat Robotics, Sophia Genetics, ComplyAdvantage, 3D Hubs,
Thread, The curios AI company, Sketchfab
Magic Pony Technology, RTT
(Realtime Technology),
Natural Motion
4th
Sweden
Aidence, FishBrain, Supponor, FUSE, Spotify
VisualDNA, Spotify
5th
Switzerland
Five AI, Seerene, Teralytics, GoEuro, Lookback, Blockchain, ShapeShift,
Spotify
Spotify
6th
USA
GoCardless, CheckRecipient, Celonis, KnC Miner, ClusterHQ, Fantasy
Shopper, artimi, Spotify
Pontis, SwiftKey,
SuperDerivatives, Spotify
7th
Germany
Tink Gmbh
-
8th
Israel
CoolaData, Siemplify, Logz.io, Celeno, Celonis, Growth Intelligence
Telit Wireless Solutions
Source: Dealroom.co
1. Dealroom's Prominence Rank is a global rank of VCs ranked by their level of activity and track-record (major exits) in Europe.
The full Prominence Rank and background info available on: https://app.dealroom.co/most-prominent-investors
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