Thread by @gonsanchezs, There are a bunch of random European tech companies outside the VC-backed [...]

Gonz

gonsanchezs

There are a bunch of random European tech companies outside the VC-backed ecosystem that no one is talking about.

Why?

Take Visma – they just got valued at €12.2b.

• €1.5b in revenue (26% YoY growth)
• 8 acquisitions last quarter alone (!)
• 11k employees

One of Europe's biggest tech companies and barely any coverage outside of this article by @robinwauters. https://tech.eu/brief/visma/

Norwegian software powerhouse Visma brings new investors on board at $12.2 billion valuation -...

Norway-born SaaS company Visma, which supplies a suite of accounting, payroll, HR and other business software products to more than one million SME customers across the Nordic, Benelux and Baltic...

https://tech.eu/brief/visma/

Or Stockholm-based Sinch.

• ~$5.7b valuation
• Stock up 6x (!) over the past year (and 2.5x YTD)
• $680m+ in revenue
• Profitable since 2008

Q2-2020 Earnings
↳ https://investors.sinch.com/static-files/67c5ded5-520e-41da-9221-55d008e287af

Adevinta is another example. They own half of Europe but we barely hear about them.

• 30+ marketplaces
• $156m in rev in Q2 (down YoY due to COVID but recovering)

Q2-2020 Earnings
↳ https://ml-eu.globenewswire.com/Resource/Download/9cad2da9-6f56-47ec-99ad-8d4eed399bc6 https://twitter.com/gonsanchezs/status/1286657387395452928?s=20

I wrote about Infobip after their $200m round. https://twitter.com/gonsanchezs/status/1288909816430317568?s=20

https://twitter.com/gonsanchezs/status/1288909816430317568?s=20

Or Freepik's acquisition.

• Acquired for €250m
• No outside capital
• HQ'ed in Malaga (600k inhabitants)
• 32m MAUs https://twitter.com/gonsanchezs/status/1266048112034004997

https://twitter.com/gonsanchezs/status/1266048112034004997

h/t to @twehmeier for opening my eyes to this a few months ago. Now I'm seeing them everywhere.

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