Euroscape 2019: The Rise of Europe (Accel)
Summary
- Accel has invested $3.8bn across 225 SaaS companies globally.p.5
- Accel increased its European SaaS investment from $206m in 2010-14 to $743m in 2015-19.p.6
- European SaaS momentum includes 16 private unicorns, 7 public companies, and 10 M&A transactions over $300m.p.12
- Companies from the 2016-17 Euroscape list raised $9.6B and created 11 new unicorns.p.18
Key insights
- UiPath scaled from $8m to $200m ARR in 24m to reach a $7B valuation.p.3
- The Bessemer Emerging Cloud Index outpaced Nasdaq with 430%+ growth between 2013 and 2019.p.11
- European SaaS startups display higher capital efficiency than US counterparts when scaling to $10m ARR.p.15
- The 2019 Euroscape Champions League cohort generated over $19.5B+ in value with average ARR over $120M+.p.19
- Robotic Process Automation and process mining lead AI enterprise adoption across sectors.p.25
- Integrating security earlier in the software development process is 6x cheaper than traditional post-development security involvement.p.27
Topics and entities
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