{"id":9032,"date":"2019-01-25T15:20:51","date_gmt":"2019-01-25T14:20:51","guid":{"rendered":"http:\/\/actubusinessangels.com\/?p=9032"},"modified":"2019-01-25T15:20:51","modified_gmt":"2019-01-25T14:20:51","slug":"capital-innovation-europeen","status":"publish","type":"post","link":"https:\/\/www.franceangels.org\/en\/article\/capital-innovation-europeen\/","title":{"rendered":"Capital-Innovation Europ\u00e9en"},"content":{"rendered":"\n<p>Hausse des montants investis et chut du nombres d&#8217;op\u00e9rations en 2018.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"has-text-align-justify\">Une ann\u00e9e record pour les investissements de capital-innovation europ\u00e9en : la barre des 20 milliards d\u2019euros a \u00e9t\u00e9 franchie en 2018, du jamais vu dans l\u2019histoire du venture capital. Selon le dernier rapport Pitchbook, 20,5 milliards d\u2019euros ont ainsi \u00e9t\u00e9 investis en 2018 contre 19,7 milliards d\u2019euros l\u2019ann\u00e9e pr\u00e9c\u00e9dente, soit une augmentation de 4,2%. Le nombre d\u2019op\u00e9rations effectu\u00e9es ayant quant \u00e0 lui chut\u00e9 de 25,9%, la croissance soutenue des montants investis semble notamment port\u00e9e par la taille accrue des op\u00e9rations. Comme le fait remarquer le rapport, la taille m\u00e9diane des op\u00e9rations a atteint de nouveaux sommets en 2018, et ce quel que soit la phase de d\u00e9veloppement consid\u00e9r\u00e9. Par exemple, la taille m\u00e9diane des op\u00e9rations de capital-cr\u00e9ation (ou Early stage) a augment\u00e9 de 86,9%, et celle de capital d\u2019amor\u00e7age (Seed capital) de 32,8%. Du c\u00f4t\u00e9 des d\u00e9sinvestissements, le bilan est similaire : le montant des sommes d\u00e9sinvesties est en augmentation (+164,8%), tandis que le nombre de sorties est en baisse (-30,5%). Enfin, l\u2019\u00e9tude souligne une chute de 23,5% du nombre de v\u00e9hicules ayant atteint leur closing final (62 en 2018 contre 81 en 2017). Le constat est donc \u00e0 l\u2019accumulation du capital dans des v\u00e9hicules de grande taille, les GPs concentrant leurs investissements dans des startups matures, de taille significative. Malgr\u00e9 ces conclusions, l\u2019acc\u00e8s au capital des jeunes startups n\u2019est cependant pas remis en question. Il s\u2019av\u00e8re en effet que les investisseurs internationaux, les programmes gouvernementaux ou encore les investisseurs \u00ab non traditionnels \u00bb (fonds de pension, family offices)&nbsp;&nbsp; ont pris une place pr\u00e9pond\u00e9rante en tant que sources alternatives de financement.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hausse des montants investis et chut du nombres d&#8217;op\u00e9rations en 2018.<\/p>\n","protected":false},"author":114,"featured_media":9034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[82,60],"tags":[426],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Capital-Innovation Europ\u00e9en - France Angels<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franceangels.org\/en\/article\/capital-innovation-europeen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital-Innovation Europ\u00e9en - 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