European VC investment in tech is actually going up. But Seed funding?

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James Brocket of Headhunters CallibreOne has been busy compiling a great list of VC investments in tech companies (PDF). Why? Because they do a lot of work for VC backed companies. The number are encouraging – surprising, even, given the doom and gloom in the wider economy.

Nic Brisbourne DFJ Espirit pulled out some good points: More venture capital appeared in Europe in Q1 than ever before – the $1.3bn total was a lot higher than the previous peak in the first quarter of 2007. The UK lead the pack with $592m of deals, more than the previous three quarters combined. The average deal size for Europe broke $10m for the first time, boosted by big deals in the UK including $100m in Spinvox. The average deal size in the UK was $11.9m which is higher than the US figure of $11.6m.

In Ireland the numbers also look encouraging. Total capital invested for the last quarter was $12.6m across two investments which contrasts with $8.4m invested in the first quarter last year across three.

However, the numbers probably mask the seed/early stage market. I counted only four deals in the $1-$2m range, and anything below that was rarely announced or just too small to be picked up by CallibreOne. An anecdotally, we know that investment in early stage startups is probably going down right now.

I have pulled out the relevant parts from the PDF (apologies for the messy list I will tidy it up shortly) and bolded the Web companies relevant to TechCrunch readers.

United Kingdom

Q1 2007

Month – Company – Total – ($US) – Investors

7-Feb Vizimo 1,422,000 Northstar Equity Investors, Private Investors

10-Feb Quick TV 1,738,000 NorthStar Equity Investors

10-Feb Seatwave 25,000,000 Fidelity Ventures, Atlas Venture, Mangrove Capital Partners, Adinvest

11-Feb Axis Network Technology 5,985,300 Bessemer Venture Partners

11-Feb Coull Undisclosed Finance Sout West, Creative Ventures

11-Feb Elonics 4,266,000 Braveheart, Scottish Venture Fund, Tom Farmer, Brian Souter

11-Feb FREEDOM4 Undisclosed Intel Capital, Pipex Communications

12-Feb Quartix 25,438,000 Bank of Scotland Corporate

12-Feb Velocix 27,334,000 Amadeus Capital Partners, 3i Group, Pentech Venutres

13-Feb Bragster 3,500,000 Intel Capital

14-Feb Camrivox 2,394,120 NESTA Investment, Phil O’Donovan, Create Partners, Bank of Scotland Growth Equity, Oxford Investment Opportunity Network

14-Feb Lexara Undisclosed South East Growth Fund

15-Feb Player X Undisclosed Kreos

15-Feb Quantum Filament Technologies Undisclosed Kreos

20-Feb SalesTrak Undisclosed Aspiration Capital

20-Feb Whizz Kid 4,266,000 Ingenious Media Active Capital

21-Feb Opta Sportsdata 1,896,000 Close Ventures

22-Feb Arieso 10,586,000 Oxford Capital Partners, Qualcomm Ventures, Add Partners, Top Technology

25-Feb GroupSpaces Undisclosed Avonmore Developments, Oxford Early Investments

26-Feb Helveta 3,002,000 Close Ventures, Oxford Capital Partners

26-Feb ORECon 24,964,000 Advent Venture Partners, Venrock, Wellington Partners, Northzone Ventures

29-Feb Opscape Undisclosed Mercia Technology Seed Fund

3-Mar Ubiquisys Undisclosed T-Mobile Venture Fund, Google, Accel Partners, Atlas Venture, Advent Venture Partners

3-Mar VoiceSage 4,740,000 Private investors

4-Mar Rapid Mobile Media Ltd 3,990,200 New Enterprise Associates, Alliance Trust Equity Partners, Pen Tech Ventures, Scottish Venture Fund

4-Mar Sayu 498,775 UK Steel Enterprise

5-Mar Livebookings 12,968,150 Balderton Capital

6-Mar Zinwave 10,270,000 SEB Ventures, Scottish Equity Partners, Atlas Ventures

7-Mar Pikum 5,372,000 Virgin USA

11-Mar Playfish 3,000,000 Angel investors

14-Mar isango 8,058,000 SPARK Ventures, Beringea

14-Mar i-Snapshot Undisclosed NorthStar Equity Investors

17-Mar CloudMade 3,792,000 Sunstone Capital

17-Mar Mfuse 5,087,505 Bestport Ventures LLP

18-Mar REM Probe 2,054,000 Partnership Investment Finance, Yorkshire and Humber Equity Fund

19-Mar Reevoo Undisclosed Banexi, Eden Ventures

20-Mar SpinVox 100,000,000 Goldman Sachs, GLG Partners, Blue Mountain Capital Management, Toscafund Asset Management

22-Mar Zemanta 1,496,325 T.A.G., Eden Ventures

23-Mar Moneyexpert 49,877,500 TVC

25-Mar Mobango 5,700,000 Innogest Capital

25-Mar Songkick Undisclosed The Accelerator Group, Softech VC, Betaworks

28-Mar Handy Group Undisclosed Advantage Early Growth Fund

28-Mar Realtime 50,000,000 Maverick Capital, Creative Industries Management, New Enterprise Associates

31-Mar Mantic Point Solutions Undisclosed YFM Group

31-Mar Onzo 3,990,200 Sigma Capital

Total capital invested: 592,383,175

Total number of investments for the quarter: 73
(including undisclosed investments)

Average investment: 11,847,664

Total number of undisclosed investments: 23

Q1 2007:

Total capital invested: 445,528,020

Total number of investments for the quarter: 55
(including undisclosed investments)

Average investment: 9,900,623

Total number of undisclosed investments: 10

IRELAND

Month – Company – Total – ($US) – Investors

Q1 2008

17-Feb Celtrak 2,370,000 Egis, Enterprise Equity, Bank of Scotland

4-Mar NewBay Software 10,270,000 Fidelity Ventures, Balderton Capital

Total capital invested: 12,640,000

Total number of investments for the quarter: 2
(including undisclosed investments)

Average investment: 6,320,000

Total number of undisclosed investments: 0

Q1 2007

Total capital invested: 8,450,000

Total number of investments for the quarter: 3
(including undisclosed investments)

Average investment: 2,816,667

Total number of undisclosed investments: 0

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