Euroscape 2021: On the Path to Global Dominance? (Accel)
Summary
- Microsoft represents c. 55% of total market value among software and cloud companies above $100bn in market cap.p.2
- The global cloud index added $0.9t in market value over 12 months to reach $2.8t in September 2021.p.9
- Total venture capital funding raised in Europe and Israel reached $29-30bn as of September 2021 compared to $9-9.5bn in September 2020.p.24
- Private markets raised $78bn across Europe, Israel, and the US in 2021 YTD with 226 total unicorns.p.16
Key insights
- Public cloud average EV / forward revenue multiples stabilised at 17.0x in September 2021 after peaking at 19.0x in February 2021.p.10
- The top 3 IPOs in Europe and Israel represent 55% of total cash raised.p.22
- Israel generates 2.9 unicorns per million people, leading European startup ecosystems in density.p.26
- Startups in the United Kingdom reach unicorn status in a median of 4.9 years.p.27
- Nearly 60% of companies report increased security concerns since adopting cloud native solutions.p.44
- DeFi total value locked expanded from $1bn in December 2019 to $93bn.p.46
Topics and entities
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