Funded Startupbootcamp graduates raise more than €411,000 each
PRESS RELEASE Thursday 9th January 2014: Graduates of Startupbootcamp (https://www.startupbootcamp.org/) programs that secure funding raise an average of €411,288, newly-released data from the startup accelerator shows.
Having already run 13 successful programs, Startupbootcamp is publishing its full accelerator results on a dedicated webpage (https://www.startupbootcamp.org/stats) in an effort to increase Europe’s startup ecosystem transparency, while demonstrating the value of its programs to entrepreneurs looking to transform their starups into high-value businesses.
The data covers more than three-and-a-half years’ worth of programs run by Startupbootcamp, Europe’s largest startup accelerator, and reveals that 80% of companies accelerated by Startupbootcamp still operate 12 months after graduating from their program, with 67% going on to raise follow-on funding.
More than 465 jobs have been created by the 123 Startupbootcamp graduates, the data shows, with notable success stories including BabyWatch, which won the 2013 Pioneer Challenge and has just been accepted for Y Combinator, and KidsWatcher, which raised €185,000 in just 48 hours on the equity-based crowdfunding platform Symbid.
Other key points from the data include:
-Startupbootcamp has accelerated 123 startups in total through 13 separate programs.
-Graduates have raised a collective total of €27m with an average of €411,288 raised per funded startup.
-Startupbootcamp’s Amsterdam program has funded 95% of its 19 startups, securing funding ranging from €200k – €1.25m.
-Three startups have already been acquired: the most recent was Ghana-based ClaimSync, which went through the 2012 Startupbootcamp Health programme in Dublin.
-Other success stories include BabyWatch, which won the Pioneer Festival Startup Challenge 2013 and has just been accepted for Y Combinator.
“We decided to publish all of Startupbootcamp’s data to demonstrate the value our accelerator offers to entrepreneurs and startups, helping these companies gain the skills, knowledge and connections they need to make a real success of their businesses,” said Alex Farcet, Startupbootcamp’s Co-Founder.
“In just three-and-a-half years we’ve seen dozens of companies go on to raise considerable amounts of investment with several having been acquired. And Startupbootcamp is about to enter the statistical ‘sweet spot’ in the upcoming 12-18 months where more of our startups will be acquired, which will boost our growth to reinvest the revenue to start more programs and improve existing programs
“Part of what makes Startupbootcamp different from other accelerators is our vertical programs such as NFC & Contactless Interactions in Amsterdam and the Mobile in Copenhagen that are run by true industry experts and supported by a global network of partners and mentors. Startupbootcamp even started the first ever hardware accelerator in Eindhoven.”
“We are looking into the possibility of organising other specialised programmes around themes such as FinTech, Ecommerce and the Internet of Things. Programs that focus on specific verticals offer much more value for startups as the mentors and partners are more appropriate to their industry, as well as giving them the opportunity to learn more from peers in the same area,” Farcet continued.
The full report can be accessed at: https://www.startupbootcamp.org/stats
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Peter van Sabben