This article was originally posted on the Tech City UK website.
The Startup Europe Partnership (SEP), along with PEDAL Consulting, release report highlighting the tech ‘scale-ups’, ‘scalers’ and exits across France, Germany, Italy, Spain and the UK
Rather than looking at Unicorns, the report focuses on startups in each of the ecosystems who were able to raise between $1-100m in the last five years – ‘quantity over valuation’. They found that across the countries analysed, there were more than 1000 ‘scale-ups’, 40 ‘scalers’ and 400 exits. The mapping project did not include the Nordics or Eastern Europe, two areas which SEP notes account for a lot of activity.
With 208 scale-ups, Germany is the next best of the countries analysed in the report, demonstrating the dominance of the UK tech market. Over the five countries measured, there are a total of 990 scale-ups mapped, highlighting the huge growth in digital investment across Europe in recent years.
‘Scalers’ are highlighted as companies who have raised more than $100m and as there are 19 highlighted in the UK, it signals that there are more Unicorns on the horizon for UK tech companies.
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