• How many European $billion+ tech companies are there July 10, 2018 5:45 am
    Never before in European tech so many companies reached unicorns status at such a high velocity. But the definition of unicorns (startup, not public, not acquired) can be limiting. In this report we look at the number companies that reached a $billion+ valuation since 1998, regardless of ownership status. The scope is Europe & Israel. In the first six months of 2018, already 25 companies reached $billion+ valuations. That’s as many as in any other full calendar year. Out of these 25, there are 18 considered unicorns (private, not public, not acquired). An additional seven companies already were acquired in 2018 (e.g. iZettle, Exclusive Group) or are already public (e.g. On The Beach Holidays). 2018 is a breakout year for new $billion+ companies born Since 1998, 152 companies in Europe & Israel reached $billion+ valuations (the fist one is ARM Group). Our analysis only includes companies founded after 1990 (thanks for Atomico’s Tom Wehmeier for the suggestion and help with data). Out of these companies, 95 or 63% were venture backed. By comparison, in 2018 as much as 23 out of 25 new $billion+ companies (92%) were venture backed. This is a remarkable demonstation of the advent of European venture capital.$billion+ companies in Europe since 1998 We previously reported that 13 out of Europe’s 34 unicorns are from the UK (roughly ~40%). That was a snapshot of the moment. In that same report we also added past $1B+ venture backed exits since 2010 (again the UK led with 38 unicorns). But... The post How many European $billion+ tech companies are there appeared first on Blog | Dealroom.
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  • Europe’s most prominent venture capital investors June 26, 2018 6:26 am
    Today, the second edition of Europe’s most prominent venture capital investors is finally here! Last year we analysed 6,500 investors, this year more than 22,000 investors. It’s the most comprehensive annual ranking of venture capital investors in Europe. The ranking also determines the order of search results on Dealroom.co. This makes navigating thousands of investor profiles more manageable, whatever your search goals are. Click below to go straight to the report. Europe’s most prominent venture capital investors  The post Europe’s most prominent venture capital investors appeared first on Blog | Dealroom.
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  • No World Cup for the Dutch, but playing major league in tech June 21, 2018 8:04 pm
    While the Netherlands sadly did not qualify for the World Cup in football, it is playing major league in the tech world. Adyen went public last week and with its market valuation of €12 billion ($14 billion) instantly became the 14th most valuable tech company in Europe, in between United Internet and Wirecard. Europe’s second most valuable tech company is Booking Holdings, with a €85 billion valuation. It’s domiciled in the U.S. but ~90% of its market cap is based on Dutch company Booking.com (which it acquired in 2005 for $135 million). Booking.com is today still based in Amsterdam. ASML, based in Veldhoven (next to Eindhoven), is the world’s largest supplier of photolithography systems for the semiconductor industry (machines to make chips). It ranks third with a valuation of €73 billion. After several spin-offs, Philips has transformed into a global health tech leader. The company ranks fourth in European tech with a valuation of €37 billion. Ranked fifth is NXP Semiconductors, based in Eindhoven, with a €40 billion valuation. Dutch global semiconductor manufacturer headquartered in Eindhoven, Netherlands. Formerly Philips Semiconductors, the company was sold to KKR, Bain, Silver Lake, and Apax in 2006, at which point the company’s name was changed to NXP. In 2010 the company went public and in 2016 Qualcomm made a bid to acquire NXP for about €43 billion that’s still pending. Europe's most valuable tech companies With Booking, ASML, NXP, Philips and Adyen that’s an impressive five out of the first 15 of Europe’s most valuable... The post No World Cup for the Dutch, but playing major league in tech appeared first on Blog | Dealroom.
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  • Interview with Sacha Michaud, co-founder of delivery app Glovo June 18, 2018 7:40 am
    On 31 May 2018, Dealroom presented at the AECOC Food Congress in Madrid. The line-up ranged from Five Guys CEO John Eckbert, to Manel Pujol from Uber Eats, to Rabobank’s Global Food Strategist Cyrille Filott, as well as several upcoming food retail entrepreneurs. Also on stage was Sacha Michaud, the co-founder of Glovo, the Spanish on-demand delivery app. Dealroom’s Food Delivery Tech presentation  Founded in 2015, Glovo quickly became one of the most popular on-demand delivery apps in Spain. The proposition “anything you order through the app in less than one hour” clearly caught on and the company is now expanding globally. Restaurant delivery is its top category, followed by groceries from supermarkets (the Glovo rider will go inside the supermarket to get the products for the customer). Glovo: "order anything to your doorstep" As the below overview shows, Glovo tops Just Eat Spain and Deliveroo Spain in the iOS and Android app stores. Taking desktop and mobile web visits as a rough indication, Glovo appears to be overtaking both Just Eat and Deliveroo, in a growing market. Combined with the rapid growth of its team, Glovo is a top 5% performer on Dealroom. Thus, the Spanish on-demand delivery platform has demonstrated that succesful later market entry is still possible. Glovo: key facts After the congress, Dealroom was keen to do an interview with Sacha. Others have tried the “order anything” model with mixed results. What do you see as the key drivers for the success of Glovo? To be able to order anything... The post Interview with Sacha Michaud, co-founder of delivery app Glovo appeared first on Blog | Dealroom.
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  • Reshaping Europe’s $1 trillion food market June 17, 2018 7:14 pm
    Firms like Amazon Prime, Deliveroo, Glovo and Starship are rapidly changing the way food is delivered and consumed. Dealroom’s recent presentation about food delivery tech at the AECOC Food Congress in Madrid is now online. The line-up ranged from Five Guys CEO John Eckbert, to Manel Pujol from Uber Eats, to Rabobank’s Global Food Strategist Cyrille Filott, as well as several upcoming food retail entrepreneurs. Dealroom’s presentation is now available online  Following the event, Dealroom also made an interview with Sacha Michaud, the co-founder of popular delivery app Glovo. The post Reshaping Europe’s $1 trillion food market appeared first on Blog | Dealroom.
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  • What’s underpinning the UK’s leadership in European tech June 11, 2018 10:14 pm
    As London Tech Week begins, new figures prepared by Dealroom and Tech Nation for the Government’s Digital Economy Council demonstrate the strength of the UK tech ecosystem. This new 18 page report was co-authored by Dealroom and Technation and looks everything from talent pools to venture capital investment, and from to $billion+ exits to emerging unicorns. Open the full report here 1: investment in UK tech is at record levels In 2017, $7.9 billion in venture capital was invested in the UK, more Germany, France and even Sweden combined. UK investment also surpassed all of the Rest of Europe combined. The below chart highlights the astonishing growth in the last year. While London is the financial epicenter, businesses are scaling across the United Kingdom. Cities like Cambridge, Oxford and Edinburgh are at par with major tech cities like Barcelona, Amsterdam, Helsinki, and Madrid, in terms of investment and by number of unicorns formed. 2: the UK is dominating Europe’s unicorn landscape The higher level investment is also yielding dividends, as the UK accounts for 13 of Europe’s 34 unicorns, or 38%. This includes Farfetch, The Hut Group, Deliveroo, Transferwise and many others. The below image shows just how dominant the UK by number of today’s unicorns. Europe's unicorn landscape These unicorns with a combined value of about $23 billion, which is about 37% of total European value of $62 billion. Unicorns per country Within the UK London leads of course, with 9 unicorns, but Cambridge and Oxford also have multiple... The post What’s underpinning the UK’s leadership in European tech appeared first on Blog | Dealroom.
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  • Taxify, Voodoo and everything else to know about May 2018: a recap June 3, 2018 6:36 pm
    It’s time for another monthly recap. May was the most active month so far in 2018: €2.4 billion invested and 166 rounds larger than €2 million. Goldman Sachs invested $200M in Voodoo (Gaming), with undisclosed terms but likely a significant portion of secondary sales. Daimler invested $175M and takes a 10% stake in Taxify, which reached the unicorn status. But there was a lot more activity. The ten largest deals in May are shown below. A link to the full list is provided inside the full report (see bottom of this post). Landmark investment rounds in May So far, investment activity in 2018 is ahead of 2017 (which was a record year), as the following chart shows. Cumulative investment 2018 vs 2017 Additionally, May saw over €6.4 billion in VC backed exits. 2018 is on track to be a record year for European exits with €44 billion in exit value so far (more than half of which from Spotify). VC backed exits Everything you need to know about European tech in the past month is in this report: If you have any questions about this report, please feel free to contact us (see customer contact tool in bottom right). The post Taxify, Voodoo and everything else to know about May 2018: a recap appeared first on Blog | Dealroom.
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  • Capital-flows within Europe: a closer look May 28, 2018 7:58 pm
    Where is European venture capital coming from and how does it flow within Europe? Which countries are most popular with Asian and USA investors? What are the trends? Click below or here to open the 10-page report. Click to open 10-page report The post Capital-flows within Europe: a closer look appeared first on Blog | Dealroom.
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  • Adobe Systems will acquire Magento for $1.68 billion, we’ve listed 5 similar website platforms May 25, 2018 12:02 pm
    While global e-commerce sales are on course to grow to 4.8 trillion dollars by 2021, Adobe has announced to acquire Magento for $1.68B. Magento offers a platform to setup an online store and the corresponding backend systems for shipping, marketing, order management and business intelligence. As you’d expect they’re not the only ones in this fast-growing market. So what are the other e-commerce platforms that might follow the same path to acquisition as Magento, SEO shop or Hybris (both acquired in 2013)? Research into similar companies or similar transactions is just a click away from a company’s page in our app. We’ll highlight five of these similar companies: PrestaShop E-commerce platform with open source roots like Magento. The company was founded in 2008 in France and is funded by Seventure Ventures and XAgne amongst others. PrestaShop Tictail E-commerce platform aimed specifically at indie brands and retailers that want to start an online store. The company was founded in 2012 in Stockholm and is funded by an impressive list of investors including Balderton Capital and Thrive Capital. Tictail Mirakl E-commerce platform for launching B2B & B2C marketplaces. The company was founded in 2011 in France and raised capital from 83North, Felix Capital and Elaia Partners. Mirakl Wix Website platform to create anything from simple portfolio website to full-fledged e-commerce shops. The company was founded in 2006 in Israel. Before the IPO in 2013 its largest investors were Bessemer Venture Partners, Benchmark and Mangrove Capital Partners. Wix Jimdo Website platform aimed at SMB to... The post Adobe Systems will acquire Magento for $1.68 billion, we’ve listed 5 similar website platforms appeared first on Blog | Dealroom.
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  • Europe’s top Unicorn hunters May 21, 2018 3:52 pm
    iZettle’s acquisition by PayPal means yet another big European exit for investors including: Creandum, Dawn, Index, 83North, Northzone, Zouk, and others (by the way, iZettle also has many corporate investors: Intel Capital, MasterCard, Santander, and American Express as iZettle’s Dealroom profile show). Recently also Taxify, Darktrace and Revolut joined the unicorn club while Benevolent AI moved up in value. European unicorns Time to update our unicorn investor league tables. Index Ventures is still comfortably at the top, with nine unicorns including iZettle (so, soon eight). But there are 20 more investors with at least two unicorns in their portfolio: Unicorns still in portfolio What about past performance? The below chart combines past performance with future outlook. This chart shows investors with at least three European unicorn investments in total (past or current). 28 investors are listed here. The list is dominated by many known tier-one VC firms, plus late stage firms like Softbank, Temasek, Baillie Gifford, and DST Global. But two seed stage investment firms stand out: LocalGlobe and Seedcamp. Past and current unicorns per investor Of course, investing early in these companies is more impressive than investing in an already established company. What if we would weigh early investments differently? The below chart does exactly that, using a very simple and admittedly arbitrary adjustment factor of 2x for early investments (Series A, B,) and 3x for seed investments. Late stage investments (Series C and after) are weighted 1x.  The result: Europe's top unicorn hunters The post Europe’s top Unicorn hunters appeared first on Blog | Dealroom.
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