When Startupbootcamp entered the pan-european investment scene three and a half years ago, it was hard to guess how far they would go, but their latest statistical data release compiled from 13 programs around Europe leaves only one conclusion to be made: Startupbootcamp is a machine driving funding. According to statistics just released by Startupbootcamp, startups that complete the program have a funding success rate of nearly 70%. And in average, the funded start-ups have raised an impressive €400,000 each.
Topping the charts, Amsterdam’s acceleration program alone has managed to fund 95% of its participants, while ‘bootcamp graduates all over Europe have gathered a collective total of €27 millions in raised funds. Several of these start-ups have already been acquired, with anticipations of many more acquisitions in the upcoming 12-18 months of statistical “sweet spot”, as described by Alex Farcet, Co-Founder of Startupbootcamp.
It’s interesting to point out these companies aren’t just burning out, as well. Their statistics say 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.
Just last November our writer Greg Anderson found himself at the Copenhagen graduation demo day which he covered in this article. Since then, three of the nine companies raised a total of €1.2 million.
But where does this success come from? What makes Startupbootcamp so different from other pan-European or American accelerators? Well according to Farcet the secret lays in specialized 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.
Whatever the reason are, it seems to be working. Just see for yourself below, or head over to Startupbootcamp for larger-sized statistics.