2018 Tech Tour Growth 50

Tech Tour Growth 50: The Rise of Europe’s Super-Scale Ups

Tech Tour Growth 50

The Rise of Europe’s Super-Scale Ups


Since the start of the decade, and with little in the way of public attention, something remarkable has happened across Europe: a new generation of high impact, world leading innovative companies have not just been born, but have grown rapidly into international businesses.


For the fourth year in a row Tech Tour, together with a Selection Committee of international investors, have researched and evaluated over 280 of these European “super-scale ups”—private tech companies at a sub-one billion US dollar valuation growing revenues at greater than 50% per year—to choose 50 with the most promise to make a massive international impact.


The purpose of the Tech Tour Growth 50 is not to give a ranking, or construct an index, but to shine the brightest of lights on the European tech companies yet to achieve unicorn status as a demonstration of the strength and depth in technology companies in Europe.


To read our full analysis please click here to download our associated publication: Tech Tour Growth 50: The Rise of Europe’s Super-Scale Ups.

Company Overviews

Company Logo Name  ▾ Sectors Total Capital Raised Number of Employees Year of Foundation CEO Country First Year in List Website
Actility IoT $115.9m 41 2010 Mike Mulica France No www.actility.com
Acturis SaaS Undisclosed 14 2000 David McDonald & Theodore Duchen United Kingdom No www.acturis.com
Acumatica SaaS $22.3m 200 2006 Jon Roskill Russia Yes www.acumatica.com
Alfresco Software SaaS $60.1m 448 2002 Doug Dennerline United Kingdom No www.alfresco.com
Algomi Fintech $19.9m 140 2012 Stu Taylor United Kingdom No www.algomi.com
AlienVault Cybersecurity $118m 200 2007 Barmak Meftah Spain No www.alienvault.com
Ava Health & Biotech $12.4m 11 2014 Pascal Koenig Switzerland Yes www.avawomen.com
Avecto Cybersecurity $49m 180 2008 Mark Austin United Kingdom Yes avecto.com
Beqom SaaS $35.9m 110 2009 Fabio Ronga Switzerland Yes www.beqom.com
Calastone Fintech $27m 93 2007 Julien Hammerson United Kingdom No www.calastone.com
CarPrice E-Commerce $47m 698 2014 Denis Dolmatov Russia Yes www.carprice.ru
Chrono24 E-Commerce $22.8m 50 2003 Holger Felgner Germany Yes www.chrono24.com
Citymapper Other Software $51m 33 2010 Azmat Yusuf United Kingdom Yes www.citymapper.com
Collibra SaaS $134m 200 2008 Felix Van de Maele Belgium Yes www.collibra.com
CurrencyCloud Fintech $63.7m 83 2007 Mike Laven United Kingdom No www.currencycloud.com
Darktrace Cybersecurity $184.2m 500 2013 Nicole Eagan United Kingdom No www.darktrace.com
Doctolib SaaS $97.5m 380 2013 Stanislas Niox-Chateau France Yes www.doctolib.fr
eGym Hardware $89.5m 200 2010 Philipp Roesch-Schlanderer Germany No www.egym.de
E-Leather Hardware $122.6m 57 2006 Chris McBean United Kingdom No www.eleathergroup.com
eToro Fintech $27.8m 431 2006 Johnathan Assia United Kingdom No www.etoro.com
Feedzai Cybersecurity $82m 150 2008 Nuno Sebastiao Portugal No www.feedzai.com
Fenergo SaaS $80.4m 122 2009 Marc Murphy Ireland No www.fenergo.com
Finanzcheck.de Fintech $52.4m 200 2010 Moritz Thiele Germany Yes www.finanzcheck.de
GetYourGuide E-Commerce $171m 450 2008 Johannes Reck Germany No www.getyourguide.com
GoodData SaaS $101m 300 2007 Roman Stanek Switzerland Yes www.gooddata.com
GridGain Systems AI & Big Data $27m 100 2005 Abe Kleinfeld Russia Yes www.gridgain.com
Happn E-Commerce $22m 65 2011 Didier Rappaport France Yes www.happn.com
iZettle Fintech $363.7m 221 2010 Jacob De Geer Sweden Yes www.izettle.com
Made.com E-Commerce $81.1m 250 2010 Philippe Chainieux United Kingdom No www.made.com
M-Files SaaS $45.3m 10 1987 Miika Makitalo Ph.D Finland Yes www.m-files.com
N26 Fintech $53.2m 290 2013 Valentin Stalf Germany Yes next.n26.com
NewVoiceMedia SaaS $148.5m 380 1998 Dennis Fois United Kingdom No www.newvoicemedia.com
NFON SaaS $5.1m 30 2007 Hans Szymanski Germany No www.nfon.com
Nutmeg Fintech $99.8m 94 2011 Martin Stead United Kingdom No www.nutmeg.com
Outfittery E-Commerce $59.7m 300 2012 Julia Bösch Germany No www.outfittery.de
PeopleDoc SaaS $51.5m 100 2007 Jonathan Benhamou France Yes www.people-doc.fr
RapidMiner AI & Big Data $36m 100 2007 Peter Lee Germany Yes www.rapidminer.com
RELEX SaaS $22.4m 300 2005 Mikko Kärkkäinen Ph.D Finland Yes www.relexsolutions.com
Scality SaaS $108.3m 80 2009 Jerome Lecat France No www.scality.com
Scytl Other Software $130.3m 341 2001 Pere Valles Spain No www.scytl.com
Secret Escapes E-Commerce $188.6m 293 2010 Alex Saint United Kingdom No www.secretescapes.com
SigFox IoT $322.7m 650 2009 Ludovic Lemoan France No www.sigfox.com
Socialbakers SaaS $34m 401 2008 Yuval Ben-Itzhak Czech Republic Yes www.socialbakers.com
Sophia Genetics Health & Biotech $62.6m 150 2011 Jurgi Camblong Switzerland No www.sophiagenetics.com
SoundCloud Other Software $403.6m 127 2007 Kerry Trainor Germany No www.soundcloud.com
Telensa IoT $18.3m 31 2005 Will Franks United Kingdom No www.telensa.com
Vivino AI & Big Data $37.5m 80 2010 Heini Zachariassen Denmark No www.vivino.com
VuLog SaaS $31m 37 2006 Grégory Ducongé France Yes www.vulog.com
WeTransfer SaaS $25m 100 2009 Gordon Willoughby Netherlands No www.wetransfer.com
WorldRemit Fintech $224.4m 300 2010 Ismail Ahmed United Kingdom No www.worldremit.com

Investment Information

Company Logo Name  ▾ Number of Financing Rounds Total Capital Raised Active Investors # Active Investors First Financing Date First Financing Size Last Financing Date Last Financing Size
Actility 4 $115.9m BNP Paribas, Bpifrance, CDC Enterprises, Cisco Investments, Creadev, Foxconn Technology Group, Ginko Ventures, IdInvest Partners, Inmarsat, KPN Ventures, Orange Digital Ventures, Paris&Co Incubateurs, Robert Bosch Venture Capital, Swisscom, Swisscom Ventures, Truffle Capital 16 Oct 25, 2010 $4.1m Apr 12, 2017 $75m
Acturis 2 Undisclosed Hereford Capital, Summit Partners 2 Jun 28, 2010 Undisclosed N/A Undisclosed
Acumatica 4 $22.3m Almaz Capital, MYOB Technology, Runa Capital, Visma 4 N/A Undisclosed Oct 21, 2014 $13.3m
Alfresco Software 4 $60.1m Accel, Industry Ventures, Mayfield Fund, Sageview Capital, Sapphire Ventures 5 Jun 10, 2005 $2.2m Aug 21, 2014 $41.9m
Algomi 6 $19.9m Euronext, Howard Edelstein, Hoxton Ventures, Lakestar, S&P Global, Thomas Glocer 6 Dec 1, 2012 $2.6m Dec 9, 2017 Undisclosed
AlienVault 8 $118m Adara Ventures, Correlation Ventures, Founders Circle Capital, Founders Equity Partners, GGV Capital, Industry Ventures, Intel Capital, IVP, Jackson Square Ventures, Kleiner Perkins Caufield & Byers, Neotec Capital Riesgo, SharesPost, Sigma Partners, Teldat, Top Tier Capital Partners, Trident Capital, Trident Capital Cybersecurity 17 Jul 2, 2009 $0.15m Jan 1, 2017 Undisclosed
Ava 3 $12.4m BlueOcean Ventures, EuroUS Ventures, Global Sources, Polytech Ecosystem Ventures, Swisscom Ventures, Venture kick, Zürcher Kantonalbank 7 Jan 1, 2015 $0.13m Nov 15, 2016 $9.7m
Avecto 1 $49m JMI Equity 1 Nov 24, 2015 $56.5m Nov 24, 2015 $56.5m
Beqom 3 $35.9m BNP Paribas Capital Partners, Goldman Sachs Private Capital Investing Group, IDFC Private Equity, Intel Capital, Renaissance KMU Schweizerische Anlagestiftung, Swisscom Ventures, Vinci Capital 7 Jan 12, 2009 $0.9m Jul 25, 2017 $35m
Calastone 27 $27m Accel, Octopus Ventures 2 Jan 1, 2010 $6.7m Sep 11, 2013 $18.9m
CarPrice 4 $47m Almaz Capital, Altair Capital, Baring Vostok Capital Partners, e.ventures, Hartmann Holdings, Jérémie Berrebi, Kima Ventures, Mitsui & Company, Oleg Tscheltzoff 9 Jul 1, 2014 $4m Jun 21, 2017 $1m
Chrono24 3 $22.8m Antonio Osio, Daniel Gutenberg, Global Founders Capital, Güimar Sittic, Insight Venture Partners, Jose Marin 6 Jun 13, 2014 Undisclosed Jul 17, 2015 $22.8m
Citymapper 4 $51m Arjuna Fernando, Balderton Capital, Benchmark Capital, Connect Ventures, Greylock Partners, Index Ventures (UK), Other Individual Investor, LocalGlobe, M&C Saatchi, Michael Lynton, Peter Read, Robin Klein, SAATCHiNVEST, The Acceleration Group, Tom Stafford, Yuri Milner 16 May 31, 2012 $0.6m Jan 20, 2016 $45.6m
Collibra 6 $134m Battery Ventures, BI3 Solutions, Brustart, Dawn Capital, ICONIQ Capital, Index Ventures (UK), Newion Investment 7 May 1, 2008 $1.3m Jan 8, 2018 $58m
CurrencyCloud 7 $63.7m Accomplice VC, Anthemis Group, Atlas Venture, City of London Group, GV, Kreos Capital, Notion, Rakuten Capital, Sapphire Ventures, Silicon Valley Bank, Siparex Group, XAnge Private Equity 12 N/A $2m Mar 8, 2017 $24.6m
Darktrace 5 $184.2m Hoxton Ventures, Insight Venture Partners, Invoke Capital, Kohlberg Kravis Roberts, Samsung SDS Company, SoftBank Capital, Summit Partners, Talis Capital, Ten Eleven Ventures 9 Sep 13, 2013 Undisclosed Jul 10, 2017 $75m
Doctolib 6 $97.5m Accel, Agoranov, Bpifrance, Eurazeo, Kerala Ventures, Ludwig Klitzsch, Maxime Forgeot, Pierre Kosciusko Morizet 8 Feb 4, 2014 $1.4m Nov 27, 2017 $43.4m
E-Leather 3 $122.6m ETF Partners 1 N/A $16m Feb 8, 2018 $98m
Feedzai 9 $82m Armilar Venture Partners, Building Global Innovators, Capital One Growth Ventures, Carnegie Mellon Portugal Program, Citi Ventures, Data Collective, EDP Starter, EDP Ventures, Jonathan Weiner, Novabase, Oak HC/FT, Oxy Capital, Sapphire Ventures, UPTEC, UTEN Portugal 15 N/A Undisclosed Oct 17, 2017 $50m
Fenergo 2 $80.4m Aquiline Capital Partners, Insight Venture Partners, Investec 3 Oct 8, 2013 $5.4m Aug 21, 2015 $75m
Finanzcheck.de 3 $52.4m Acton Capital Partners, Blue Fund Consulting & Invest, btov Partners, ECONA, HarbourVest Partners, Highland Europe, NWZ Digital, TA Ventures 8 Jun 1, 2011 Undisclosed Jun 4, 2016 $37.8m
GetYourGuide 7 $171m Battery Ventures, Highland Europe, Kees Koolen, Kohlberg Kravis Roberts, NGP Capital, Peter Read, PROfounders Capital, Queens Road Capital, Spark Capital, Sunstone Capital 10 Jan 1, 2009 $0.5m Nov 2, 2017 $75m
GoodData 6 $101m Almaz Capital, Andreessen Horowitz, Benjamin Horowitz, Danhua Capital, Eight Roads Ventures, Esther Dyson, F-Prime Capital Partners, General Catalyst Partners, Other Individual Investor, Intel Capital, John Landry, Next World Capital, OReilly AlphaTech Ventures, Pharus Capital Management, Prism Venture Management, Summerhill Venture Partners, Tenaya Capital, Tim OReilly, TOTVS Ventures, Windcrest Partners 20 Oct 13, 2009 $0.5m Sep 9, 2014 $24.7m
GridGain Systems 3 $27m Almaz Capital, Broadway Angels, FortRoss Ventures, Huawei Technologies Company, RTP Ventures, ru-Net, Sberbank of Russia 7 Dec 6, 2011 $2.5m Feb 18, 2016 $15m
Happn 3 $22m Alven Capital Partners, DN Capital, Fabrice Grinda, Flight Ventures, FoundersGuild, Gil Penchina, IdInvest Partners, Julien Coustaury, Paul Holliman, Raine Ventures 10 Mar 1, 2013 Undisclosed Sep 1, 2015 $15.4m
M-Files 2 $45.3m Draper Esprit, Federal Investors, Finnish Industry Investment, Partech Ventures 4 Apr 30, 2013 $7.8m Sep 28, 2016 $41.5m
Made.com 4 $81.1m Archimedia, Arts Alliance, Brent Hoberman, Charles-Henry Tranie, Edward Shenderovich, Eight Roads Ventures, e.ventures, Fidelity Investments, Jaina Capital, Kite Ventures, Level Equity, Marc Simoncini, Partech Ventures, PROfounders Capital, ru-Net, Sean Seton-Rogers, SPARKVentures 17 Mar 21, 2010 $3.7m Jul 20, 2015 $60m
N26 5 $53.2m Armada Investment, Axel Springer Plug and Play Accelerator, Battery Ventures, Christian Nagel, Daniel Aegerter, David Schneider, Earlybird Venture Capital, European Union, Horizons Ventures, ImWind, Other Individual Investor, Investitionsbank Berlin, Plug and Play Tech Center, Redalpine Venture Partners, Robert Gentz, Rubin Ritter, Simon Schmincke, Valar Ventures 18 May 1, 2014 $2.6m N/A Undisclosed
NFON 5 $5.1m Bayerische Beteiligungsgesellschaft, Bayern LB, BayernLB Capital Partner, Earlybird Venture Capital, High-Tech Gründerfonds, HMW Innovations, Milestone Venture Group 7 N/A Undisclosed N/A Undisclosed
NewVoiceMedia 7 $148.5m Bessemer Venture Partners, BGF Ventures, Eden Ventures, Hercules Capital, Highland Europe, MMC Ventures, Notion, Salesforce Ventures, Technology Crossover Ventures 9 May 28, 2010 $5.8m Jan 28, 2016 $32.3m
Nutmeg 6 $99.8m Armada Investment, Balderton Capital, Charles Dunstone, Convoy Global Holdings, Draper Associates, eFolio, Gil Penchina, Jag Singh, John Kay, Klaus Hommels, Nigel Wray, NKM Capital, Oliver Thylmann, Palm Ventures, Pentech Ventures, R. Todd Ruppert, Saad AlSogair, Schroders, Sohin Shah, Taipei Fubon Commercial Bank, Timothy Draper 21 May 10, 2011 $1.1m Nov 15, 2016 $59.9m
Outfittery 6 $59.7m Angel Capital Management, btov Partners, Harbert Management, Highland Europe, High-Tech Gründerfonds, HV Holtzbrinck Ventures, IBB Beteiligungsgesellschaft, Investitionsbank des Landes Brandenburg, Mangrove Capital Partners, Mangrove Systems, Northzone Ventures, Octopus Ventures, Raffay, U-Start, VC Fonds Kreativwirtschaft Berlin 15 Jun 13, 2012 Undisclosed Aug 15, 2016 $22m
PeopleDoc 5 $51.5m Accel, Alven Capital Partners, Bruno Guenin, Eurazeo, Gérard Pluvinet, Jean-Paul Villot, Kernel Investissements, Paris&Co Incubateurs, Pierre Kosciusko Morizet 9 N/A Undisclosed Sep 7, 2015 $33.1m
RELEX 3 $22.4m Horizon 2020, Summit Partners 2 Sep 9, 2015 $22.4m Sep 12, 2017 Undisclosed
RapidMiner 3 $36m Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners, NGP Capital, Open Ocean Partners 5 Nov 4, 2013 $5m Jan 5, 2016 $16m
Scality 5 $108.3m Bpifrance, BroadBand Tower, Caisse des Dépôts Group, CDC Enterprises, Galileo Partners, Hewlett Packard Pathfinder, IdInvest Partners, Iris Capital Management, Menlo Ventures, Omnes Capital, STC Ventures 11 Jun 8, 2010 $5m Mar 1, 2018 $10.2m
Scytl 5 $130.3m Adams Street Partners, Balderton Capital, Horizon 2020, Industry Ventures, Nauta Capital, Riva y Garcia Private Equity, Sapphire Ventures, Vulcan Capital, Vy Capital 9 Dec 31, 2007 $4.3m Feb 2, 2017 Undisclosed
Secret Escapes 7 $188.6m Accomplice VC, Alex Chesterman, Andy McLoughlin, Angel Capital Management, Atlas Venture, GV, IdInvest Partners, Index Ventures (UK), Laurent Laffy, LocalGlobe, Mark Quinn-Newall, Murray Salmon, Octopus Ventures, Robin Klein, Temasek Holdings, U-Start, Venista Ventures 17 May 1, 2011 $1m Oct 5, 2017 $115.5m
SigFox 6 $322.7m Air Liquide, Air Liquide Venture Capital, Alto Invest, Bpifrance, Elaia Partners, Elliott Management, ENGIE New Ventures, Eutelsat Communications, Fonds Ambition Numerérique, Henri Seydoux, IdInvest Partners, Incubateur Midi-Pyrenees, Intel Capital, International Finance Corporation, iXO Private Equity, Khazanah Nasional, NTT Docomo Ventures, Omnes Capital, Partech Ventures, Salesforce Ventures, Samsung Electronics, SK Telecom, SWEN Capital Partners, Tamer Group, Telefónica Ventures, Total Energy Ventures, Zouk Capital 27 Dec 17, 2010 $2.7m May 24, 2017 Undisclosed
Socialbakers 3 $34m Earlybird Venture Capital, Index Ventures (UK), Runway Capital 3 Sep 29, 2011 $2m Feb 18, 2014 $26m
Sophia Genetics 7 $62.6m 360 Capital Partners, Alychlo, Balderton Capital, Endeavour Vision, EPFL Innovation Park, Invoke Capital, Marc Coucke, Michael Lynch, Microsoft Accelerator, Swisscom Ventures 10 N/A Undisclosed Sep 7, 2017 Undisclosed
SoundCloud 14 $403.6m A-Grade Investments, Ares Capital, Atlantic Labs, Cayuga Venture Fund, Christophe Maire, DH Private Equity Partners, Eniac Ventures, German Startups Group, GGV Capital, Index Ventures (UK), IVP, Kleiner Perkins Caufield & Byers, Nihal Mehta, Spotify, Temasek Holdings, The Chernin Group, The Raine Group, Twitter Ventures, Union Square Ventures 19 Apr 15, 2009 $3.3m Aug 11, 2017 $169.5m
Telensa 2 $18.3m Cityverve, ETF Partners 2 Dec 10, 2015 $14.1m Jan 19, 2016 $18.3m
Vivino 6 $37.5m Armada Investment, Balderton Capital, Christian Wylonis, Creandum, Henrik Rosendahl, James Wise, Janus Friis, Johan Brenner, Melo7 Tech Partners, Pre Seed Ventures, SCP Neptune International, SEED Capital Denmark, Vækstfonden 13 Jan 1, 2010 Undisclosed Feb 14, 2018 $20.4m
VuLog 6 $31m BA06, Bpifrance, EIT Digital, Equitis Gestion, ETF Partners, Frog Capital, Inven Capital, More Management Council, Opus Group, Paca-Est Incubator, PACA Investissement, SNCF Participations 12 Dec 20, 2006 Undisclosed Aug 29, 2017 $20m
WeTransfer 1 $25m Highland Europe 1 N/A Undisclosed Feb 17, 2015 $25m
WorldRemit 4 $224.4m Accel, Leapfrog Investments, Project A Ventures, Technology Crossover Ventures, TriplePoint Venture Growth 5 Mar 11, 2014 $39.9m Dec 5, 2017 $40m
eGym 4 $89.5m Achim Lederle, Bayern Kapital, Business Angels Stuttgart Region, Highland Europe, High-Tech Gründerfonds, HPE Growth Capital, Leverate Media 7 Jun 29, 2011 Undisclosed Dec 14, 2017 $31m
eToro 6 $27.8m Anthemis Group, BRM Group, CommerzVentures, Cubit Investments, FortRoss Ventures, Howard Lindzon, iAngels, Other Individual Investor, Joshua Stylman, Ping An Insurance Group Company of China, Social Leverage, Spark Capital, Thomas Peterson, Hinge Capital 14 Jan 1, 2007 $1.7m Jul 7, 2007 Undisclosed
iZettle 8 $363.7m 83North, American Express Ventures, AP Fonden 4, Banco Santander, Creandum, Dawn Capital, Greylock Partners, Index Ventures (UK), Intel Capital, MasterCard, MCI Capital, Nathan Medlock, Northzone Ventures, Santander InnoVentures, SEB Private Equity, Zobito, Zouk Capital 17 Oct 19, 2011 $11.2m Dec 13, 2017 $49.2m