18 Dec 2017
The British advisory firm GP Bullhound has recently released its new report ‘Titans of Tech – Europe’s Flagship Companies’ during an event at Banco Sabadell's auditorium in Madrid, in collaboration with BStartup.
Which are the most important technological companies in Europe? What differentiates the most successful businessmen? How is Spain positioned as technological hub in Europe? The report answers to these questions and more.
GP Bullhound is optimistic about the Spanish technological ecosystem's evolution. It it has often been said that European tech entrepreneurs are focused only on exits, they are too quick to sell, and they are therefore incapable of building serious technology and companies of genuine scale. However, the paper claims that there is an army of ambitious entrepreneurs building businesses of serious scale across the continent.
The report states that Europe is now home to 57 businesses worth a billion dollars or more and it is even home to three businesses valued at over $10 billion – Supercell, Zalando and Spotify. Clearly, Europe’s technology sector has the talent, confidence, and capital to create a stable of healthy billion-dollar businesses.
However, the paper highlights that it is more important than ever before to set the next ambition level and that entrepreneurs must aim for new heights to scale: the ‘titans’.
Titans are tech companies that have consistently outperformed the market. They are businesses that scale through solid revenue growth, rapid customer acquisition, and a level of ambition that propels them to achieve global dominance, reaching valuations of over $50 billion in a short period of time
About GP Bullhound
GP Bullhound is a technology investment and advisory firm providing independent strategic advice on Mergers & Acquisitions and Capital raising to leading technology entrepreneurs, companies and investors across the globe. Founded in 1999, it is located in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong and Madrid.