|#||Company||Country||Sector||Round||Amount (€mn)||Description||Investors||HTI Issue|
|Netherlands||Hardware||Late stage||306||Provider of automated on-board driver assistant systems||Blackrock Private Equity Partners, Enterprise Holdings, Fidelity Investments, Sailing Capital, Wellington Management||July 2013|
|Sweden||Digital media||Late stage||185||Provider of streamed music services both over the web and via smartphone apps||Technology Crossover Ventures||November 2013|
|Germany||Internet services||Late stage||100||Online fashion retailer||Investment AB Kinnevik||July 2013|
|Finland||Internet services||C||100||Developer of online games||Atomico, Index Ventures, Institutional Venture Partners||April 2013|
|Russia||Internet services||Late stage||99||Fashion e-tailer operating in Russia and Kazakhstan||Access Industries, Summit Partners, Tengelmann Ventures||June 2013|
|UK||Telecom services||C||87||Provider of international mobile phone services for businesses and individuals||Minden, Vollin Holdings||February 2013|
|Spain||Internet services||Late stage||83||Provider of software guide that allows users to explore, download and manage applications on multiple devices in multiple languages||Partners Group||February 2013|
|UK||Internet services||B||59e||Operator of a search engine for flights with growing activities in hotel bookings and car rentals||Sequoia Capital||October 2013|
|UK||Telecom Services||A||59||Operator of an ultra-fast FTTH (Fibre-To-The-Home) internet service||Quantum Strategic Partners||May 2013|
|UK||Hardware||A||57||Developer of a payment processing system and credit card dongle for smartphones||Wellington Management||August 2013|
|#||Investor||Country||Type||# of Investments||Total Deal Size (€mn)||Latest Fund (€mn) (Year)||AUM (€mn) (Year)|
|1||Index Ventures||Switzerland||VC||9||154||350 (2012)||2,000 (2012)|
|2||IdInvest||France||PE||7||128||214 (2014)||4,200 (2014)|
|3||Highland Capital Partners||US||VC||6||91||237 (2013)||2,200 (2013)|
|4||Iris Capital||France||VC||5||89||170 (2010)||850 (2013)|
|5||Accel Partners||US||VC||4||83||282 (2014)||4,400 (2014)|
|6||Balderton Capital||UK||VC||4||64||181 (2013)||1,100 (2010)|
|7||Ventech||France||VC||4||59||150 (2007)||380 (2014)|
|8||Omnes Capital||France||VC||4||100||19 (2012)||1,900 (2012)|
|9||Atomico||UK||VC||4||56||350 (2012)||381 (2013)|
|10||Sequoia Capital||US||VC||4||98||564 (2012)||1,800 (2013)|
Based on the deals reported in major trade publications and news feeds, the HTI is a derivative index, which measures both:
Since its inception in August 2002, the Headline Transactions Index has also proven a good early indicator of the actual level of private investments in Europe as reported by established industry surveys (e.g. VentureOne and Ernst & Young Quarterly Venture Capital Statistics).
The Index tracks the deals reported the major trade publications and news feeds, including:
The Headline Transactions Index covers all VC investments made in Europe by investors, regardless of their geography or investor status. Transactions therefore include investments made by non-European players and investors other than VCs.
All stages are reported, from seed to pre-IPO investments, including expansion capital and growth equity transactions. Late stage deals (Series C and up) are also included, with the exception of Management Buyouts (MBO) / Management Buy-ins (MBI) (which tend to involve investments of a different order, c. EUR 50+ mn) and Private Investment in Public Equity (PIPE) / Public to Private (P2P) transactions (which involve publicly-quoted companies).
Transactions are included in the month of the first announcement to appear in the news.
Amounts are reported in Euros. Any exchange rate conversions are done using the average value of the Euro against the reported currency in the month the transaction is first reported.
Where amounts are undisclosed, the transaction is included in the number of transactions but does not count towards the total size of investments, unless we are able to provide a reasonable reliable estimate. Average deal size is calculated by reference to the number of transactions where amounts are reported.