French VC agency Idinvest has compiled some information concerning the European tech ecosystem. The agency has determined to deal with shopper tech basically, and there are some attention-grabbing traits that I’m going to interrupt out right here. You possibly can read the full report here.
The workforce has analyzed and surveyed 1,500 corporations over a number of months. And Idinvest has recognized rising stars in a number of totally different verticals, corresponding to fintech, mobility, healthcare or journey. If a startup has raised greater than €100 million or has been acquired, Idinvest considers them as giants already.
Lesson #1: VC funding is rising at a quicker tempo in Europe than in the remainder of the world
Discover that leap from €four.four billion in 2014 to €16.6 billion in 2019.
Lesson #2: The European fintech increase is actual
Fintech is now the biggest vertical in Europe. On common, European startups entice 16% of world VC investments. However Europe is grabbing an even bigger piece of that pie with fintech as European fintech startups have attracted 26% of complete VC investments in that house.
And it’s not simply challenger banks, corresponding to N26, Monzo or Revolut. There are buying and selling startups, lending startups, API-driven corporations and extra.
Lesson #three: Mobility is fragmented
Whereas mobility is a big vertical in Europe, there are numerous of gamers that do roughly the identical factor — a number of scooter startups (Voi, Dott, Tier…), multiples ride-hailing startups (Bolt, Heetch, FreeNow, Cabify…), and many others.
A few of them are thriving, however you’re not going to see any of the massive names you’d count on within the record of giants as these corporations should not European — Uber, Didi, Chook… In different phrases, Europe is generally a quick follower on this house, and it’s been working pretty nicely.
Lesson #four: Well being is regulated as hell
This isn’t stunning, however European healthcare startups appear to be largely lively in Europe. Equally, American healthcare startups don’t appear to have an enormous presence in Europe.
I personally suppose European healthcare startups have a shot at turning into international leaders for 2 causes. First, it’s a privacy-sensitive trade and European startups are likely to care extra about privateness because of the authorized framework. Second, the tech lash in opposition to large tech corporations, corresponding to Google, Fb, Amazon, Microsoft and Apple, goes to be significantly sturdy with healthcare merchandise.
Lesson #5: Meals startups may reshape cities
Let me quote Idinvest’s report instantly right here as a result of it’s spot on: “Within the Center-Age, posting homes grew to become inns to feed and provide relaxation to vacationers. Within the 20th century, McDonald’s eating places grew exponentially across the U.S. street infrastructure. Prior to now 18-24 months, we now have seen the rise of darkish kitchens (Keatz, Taster) and darkish groceries (Glovo) that are each piggybacking this new meals supply infrastructure and including to it an actual property layer. Darkish kitchens and groceries are promoting merchandise solely by means of supply. The client dealing with location of a restaurant or a grocery store is changed by a less expensive actual property location optimized for order preparations.”
Lesson #6: Journey is an even bigger trade in Europe than within the U.S.
Vacationers spend extra money in Europe than within the U.S. On condition that many journey startups begin with a easy market to enhance liquidity, pricing, listings, discovery or open up a complete new phase, it is smart to begin it from Europe.
Lesson #7: Gaming is large in Europe
Gaming, and particularly cell gaming, has been thriving in Europe. Many informal video games have emerged from European startups. There’s no European Netflix, however Minecraft, Sweet Crush Saga and Offended Birds have been all born in Europe.
All the remaining
Idinvest’s report covers different verticals however I don’t have a lot so as to add. I’m simply going to share the mapping of these verticals and you may read the report if you wish to dig deeper.