These 30 VC-backed companies are creating jobs faster than any other in Europe…

In total 1,465 job positions in VC-backed start-ups were listed on the Ventureloop database over the last 7 weeks (Jan 15 to Feb 28). By splitting these jobs by country and VC fund backers I  identified in my previous post (published last Saturday) the list of Top 15 VC funds in Europe for the period Jan-Feb 2013.

I have now also split these jobs by start-up and industry segment to produce the list of Top 30 EU start-ups over the same time period and to get a feel for industry segment dynamism by country. The results are presented below:

Top 30 EU start-ups by job creation

High-level comments:

– the two biggest job creators were and Spotify –  both have a predominant footprint in Sweden

– Criteo is ranked 3rd and is the only start-up with a majority of job creation in France…

– 9 of the top 30 start-ups created jobs in 3 or more of the 5 EU countries analysed here, highlighting that these companies have already undergone significant geographic expansion

– c.57% of the Top 30 companies had a majority of job creation in the UK

Top Tech segments by job creation in Europe in Jan-Feb 2013

High level comment: Digital gaming, Digital advertising and Digital music are the most important Tech segments in Europe.

Industry segment dynamism in the Top 5 EU countries in Jan-Feb 2013

High level comments (Note: the above chart was based on an industry classification of the top 43 start-ups, which represented 53% of total job creation in Jan-Feb 2013):

– the UK is the most diversified start-up eco-system, with no industry segment representing more than 16% of job creation

– by contrast, Sweden had two segments representing more than 27% of job creation (Digital games and Digital music) – highlighting that the Swedish eco-system is still young and may currently be over-reliant on few major but recent success stories

– the German start-up scene enjoys a level of maturity that seems to sit in between the UK and Sweden, with a reasonable coverage of key Tech industry sectors


Here is the Top 15 of VC funds by job creation in Europe in 2013 (… so far)

I’ve just found out about This website provides what looks like a pretty comprehensive listing of available job positions in VC-backed companies throughout the world.

I thought it would be interesting to crunch that data to see what insights it can provide. Having a vested interested in the EU innovation eco-system I focused my analysis on the top 5 EU countries by number of jobs listed in the Ventureloop database for the period 15 of January to 28 of February 2013 (i.e. 7 weeks), which were as follows:

  1. the UK with c.900 jobs (49% were in the Greater London area)
  2. Germany with c.290 jobs
  3. Sweden with c.150 jobs
  4. the Netherlands with c.70 jobs
  5. France with c.70 jobs

In total 1,465 jobs were listed on the Ventureloop website over the last 7 weeks. If job creation is equally distributed over time and assuming the Ventureloop database is exhaustive this would amount to a total of c.11,000 jobs created by VC-backed start-ups in Europe in 2013… not bad!!

I tried accessing older job listings from the Ventureloop database, via the Wayback Machine ( but they were not available. I may carry out this analysis again in 3 months to see how the results presented below evolve over time.

With no further ado, here goes the output of my data crunching (click on the pictures to enlarge):

VC job creation_1

VC job creation_2

Based on this analysis, the Top 15 of VC funds based on job creation* in Europe was as follows in descending order:

Rank VC fund name Total jobs created
1 Index Ventures 312
2 Balderton Capital 130
3 Wellington Partners 92
4 Accel Partners 92
5 Sequoia Capital 90
6 Draper Fisher Jurvetson 72
7 Bessemer Venture Partners 71
8 Summit Partners 65
9 Benchmark Capital 63
10 First Round Capital 46
11 Sigma West 41
12 Kleiner Perkins Caufield & Byers 38
13 North Bridge Venture Partners 26
14 Northzone 25
15 Meritech Capital 21

I will shortly publish another post, showing how this job creation was split by start-up and by industry segment – watch this space 😉


*In cases where a start-up was backed by several VC funds I assumed an equal share of capital investment from VC backers and distributed to each VC fund an equal contribution of job creation. For instance a start-up with 3 backers with 5 jobs offering would result in a job creation of 5/3=1.66 attributed to each of the 3 VC funds