Two years ago, the US stock market tanked, growth-at-all-costs went out the window and get-to-profitability-ASAP came in.
Startups scrambled to follow the new VC mantra. More than 140k tech workers were laid off around the world in 2022; expansion plans were put on ice and markets were shut; and getting into the black became priority number one for founders.
Now, after an undeniably tough few years for our industry, more and more scaleups are announcing profitability.
Sifted hopes to track Europe’s biggest profitable private tech companies in this new database. We’ve included companies that have raised £20m+ and made an annual profit of £1m+. Data comes from news articles and data platform Dealroom.
This is a work in progress. Are we missing your company? Or do any figures need updating? Let us know; submit your information here.
