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US vs EU: The Battle of the ๐Ÿฆ„'s

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US vs EU: The Battle of the ๐Ÿฆ„'s

There's nothing better than a fight.. If you're winning,. but are we? Join us as we dive into that Q with us ๐Ÿ‘€

Andreas Munk HolmโœŒ๏ธ
Oct 26, 2022
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US vs EU: The Battle of the ๐Ÿฆ„'s

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The new unicorn report by Affinity and Dealroom is out and weโ€™re well-entertained ๐Ÿค“ Read on for our take on some of it or download it directly here:

Thanks for reading The European VC! Subscribe for free to receive new posts and support my work.

Download the Unicorn Report

But weโ€™re before jumping into this, we should avoid the pitch forks and torches by presenting a map with all the European Unicorn cities on it. Suffice it to say, the hyper-caffeinated, machinegun typing European LinkedIn-VCs had us sweating after posting an incomplete map on LinkedIn some time back ๐Ÿ‘‡

So long awaited - and to Mathiasโ€™ great satisfaction - weโ€™re pleased to announce, the one and only ๐ŸŽ‰ true Unicorn map of Europe ๐ŸŽ‰

unicorncities.png

Rate of unicorn creation

Thereโ€™s another graph from Affinity & Dealroomโ€™s report that I wanna draw out ๐Ÿ‘‡

Download full report

While in absolute numbers, the US is far ahead of us, weโ€™re seeing that over the past 5 years, the U.S. has been creating net new unicorns at a rate of 52% YoY which is half the rate of Europe (roughly 2x YoY).

Data being from Q2 - so donโ€™t be disconcerted by the steep drop in the tail there.

New funds raised

Zooming in on new funds raised by startups, the investment volume of U.S. firms into European unicorns grew from 4.6B to 24.6B - a 5.3x increase between 2020 to 2021. In the same period, European investments into the same European unicorns grew from 6.1B to 17.9B, a 2.9x increase. Mike Butcherโ€™s phrasing โ€œthe US scramble for Europeโ€ truly is real.

Download full report

VC reactions to the market uncertainty

I really enjoy reading the relationship intelligence parts of these reports โ€˜cos they give us something that the datasets of the dealroomโ€™s and crunchbaseโ€™s of the world canโ€™t give us.

Notice the trend lines of the below graphs and how European email activity and number of deal opportunities changed in the period in comparison to US firms. Did we slow down more?

Iโ€™ll leave it to you to read the full report and make up your own opinion.

Download the Unicorn Report


Join us in making sense of the current cycle.

Based on the data presented in the unicorn report, weโ€™re putting together a webinar where we try and make sense of the current cycle. โ€˜Cos honestly, even the most experienced investors say โ€œI have no clueโ€ when you ask them about what will happen next. But hopefully, weโ€™ll get closer by putting the question to the our expert panel on the 8th of November at 4 PM CET - we sincerely hope youโ€™ll want to come join us! ๐Ÿ˜

Register here

Our expert panel will be:

  • Annelie Ajami, Founding partner at Anamcara Capital

  • Enis Hulli Partner at 500 Emerging Europe

  • Dan Bowyer, Founding Partner at SuperSeed VC

  • David Cruz e Silva, EUVC

  • Orla Browne, Head of Content Dealroom

  • Augustin Sayer, Partner at Newfund

  • Daniel Polonka, Sr. Product Marketing Manager at Affinity

  • Marvin Liao, Founding Partner at Diaspora Ventures

A peek at what we'll be covering ๐Ÿ‘€

  • The rate of unicorn creation in Europe vs US - what are we seeing and why?

  • Capital efficiency across geos and it's importance for shaping VC returns.

  • The role of networks in pan-European investing and how the best build competitive advantage via community.

  • How our panel thinks about the coming 6 months, what they see in their pipeline and how they plan to act.

Thanks for reading The European VC! Subscribe to receive new posts and support the community.

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US vs EU: The Battle of the ๐Ÿฆ„'s

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David Cruz e Silva ๐ŸŽ™
Oct 26, 2022Author

Loving the map mate. Portugal in it now... YAY ๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰

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