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Go4Venture HTI Report: Tech Tour Growth 50 2017

To download the Tech Tour Growth 50 Report by Go4Venture and Tech Tour, click here.

Overview

For the third year in succession, Tech Tour together with Silverpeak and in conjunction with a selection committee of international investors have researched and evaluated over 280 European private tech companies at a sub-one billion US dollar valuation. The purpose of the Tech Tour Growth 50 (TTG50 www.techtourgrowth50.com) is not to give a ranking, or construct an index, but to shine the brightest of lights on the companies yet to achieve “Unicorn” status – Europe’s growth equity backed super Scaleups –  as a demonstration of the strength and depth in Europe.

Go4Venture has for many years been showcasing European Scaleups through the equity research platform (www.go4venture.com), which provides proprietary, curated research for investors. Through its Headline Transaction Index (HTI), Go4Venture delivers comprehensive analysis on all European funding rounds greater than €10 million.

In this report we have analysed the TTG50 2017 companies based on their Large (≥€10 million) HTI funding transactions in order to view these companies in the context of all European Scaleups achieving Large HTI rounds.

Summary of key findings:

  • TTG50 companies span a range of locations, the majority of investments are made in the UK followed by Germany & France (neck and neck), a trend commonly seen across all our Large HTI transactions y-o-y.
  • Internet Services is the main focus of most investors, followed by software, with online Marketplaces and Fintech the most popular sub-sectors. This trend is seen across all our HTI data – See our Marketplace blog ‘European Online Marketplaces in focus: where all the money is going’ and our Fintech blog, ‘European Fintech in focus: fundamentals too strong’.
  • European VCs are repeatedly backing multiple TTG50 companies, Highland Capital Europe and Accel are the most active in all Large HTI rounds
    • 144 investors have taken part in at least 1 Large HTI funding round for TTG50 companies since 2015 (18 investors take part in 3 or more), in all funding rounds there were a total of 240 investors
    • 20% of these HTI investors are corporates and half are VCs (corporate investors increase to 25% for 2016/2017 and VCs decreasing to 40%).
  • Investors have been increasingly involved in more later stage rounds injecting larger sums of capital in TTG50 Companies
    • The overall number of funding rounds increased from 2014 to 2015 and then decreased in 2016, however 2016 funding rounds were much larger in size, demonstrating increasing investor confidence in putting large sums of capital into European Scaleups at an earlier stage in their development
  • The former TTG50 companies which have now achieved ‘Unicorn’ status had 2x larger average deal size
    • The companies which now have unicorn status had on average three Large deals with a high average deal size of €57.4m (compared to €25.8 for all HTI rounds in the same time period), demonstrating the need to maintain funding momentum to take super Scaleups to the next level.

The Tech Tour Growth Forum 

Each year an event is held by Tech Tour to showcase the European growth stage entrepreneurs behind the TTG50 companies. The Tech Tour Growth Forum took place on March 30-31, 2017 in Geneva & Lausanne bringing together 50+ of Europe’s boldest CEOs and awarding 3 of the top companies from the Tech Tour Growth 50, namely:

Main award: Devialet 

Image result for devialet logo

 

Innovation award: Algomi

Special jury prize: Webhelp 

Image result for web help logo
 

To download the full Tech Tour Growth 50 Report by Go4Venture and Tech Tour, click here.

The Go4Venture Team

By |June 12th, 2017|Uncategorized|0 Comments

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