Deeptech/Software & SaaS/Analysis/ Pitch tops Europe’s B2B tech soonicorns list A new Sifted report ranks 100 soonicorn startups knocking on the door of Europe's unicorn paddock By Federico Scolari 22 June 2022 Pitch's team Pitch's team \Deeptech Atomico leads $11m Series A for Romanian pet tech Digitail By Zosia Wanat 12 January 2023 Deeptech/Software & SaaS/Analysis/ Pitch tops Europe’s B2B tech soonicorns list A new Sifted report ranks 100 soonicorn startups knocking on the door of Europe's unicorn paddock By Federico Scolari 22 June 2022 This piece is an accompaniment to our newly launched ranking of Europe’s B2B “rising 100” soonicorn startups. Check it out in full here. Berlin-based presentation software Pitch has taken the top spot in the ranking of 100 VC-backed, B2B European “soonicorns” published today by Sifted. The analysis was based on several key metrics, including companies’ financials, cap table strength, product differentiation, momentum and market opportunity. The report was sponsored by VC Sapphire Ventures, with research undertaken independently by Sifted. Pitch was followed by Dutch fashion reseller Otrium and London-based payment automation platform Primer. Europe’s soonicorns: the data Spanning 18 countries and 13 major sectors, the first cohort of Europe’s soonicorns is backed by more than 750 investors, angels and accelerators, and tracks the ventures of 272 founders. It also largely confirms some trends and features of Europe’s tech ecosystem. As expected, the UK, Germany and France are home to most (69%) selected startups, followed by the Nordics. Their respective capitals are the hottest hubs, although Amsterdam, Munich and Bristol boasted a few appearances. Three companies were founded in Europe but categorised themselves as fully remote. Deeptech, meanwhile, was the most backed sector, with an average of $173m in total funding, followed by HR tech and fintech. Large cheques for companies such as Wandelbots, Isar Aerospace and ICEYE contributed to the sector’s funding prominence, but fintech and enterprise tech still retained top spots for both overall funding and the number of startups featured. The majority (79%) of the soonicorn cohort’s latest fundraising rounds are either Series A or Series B, reflective of young startups growing at significant traction. Europe’s next unicorns: top 10 Pitch — Makers of collaborative presentation software Otrium — Platform used by clothing labels to sell unsold inventory Primer — Payment automation platform that hooks merchants up with multiple pay options Tines — No code platform that automates security work Synthesia — Helps companies create “studio-grade” training, how-to or product explainer videos using AI-powered avatars Factorial — All-in-one software for HR managers Yapily — Open banking infrastructure that allows users to share bank data directly with other parties Sylvera — Data company that analyses and rates carbon-offset projects Rossum — Promises to bring companies’ entire document processing operations under one platform Codat — Provides accounting data to simplify lending and business connectivity for small businesses To read the full report on the next 100 European B2B unicorns click here. Federico Scolari is a junior intelligence analyst at Sifted. Related Articles Eastern Europe tech in review: the key moments of 2021 By Kit Gillet Click here to read more Hopin almost triples valuation to $5.65bn just one year after launch By Amy Lewin Click here to read more Europe’s fastest-growing no code companies, revealed By Bill Leaver Click here to read more Latvian startup Lokalise raises $50m to streamline localisation and translation By Kit Gillet Click here to read more Most Read 1 \Startup Life Tech Nation shutting down as UK government controversially pulls key funding 2 \Healthtech Spotify founder Daniel Ek officially launches new startup — and this time, he’s taking on healthcare 3 \Fintech Monzo revenues surge more than twofold, putting it on track for 2023 profitability 4 \Consumer Glovo lays off 6% of staff following fresh fine from Spanish government 5 \Startup Life Meet the UiPath alumni starting their own companies
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