tech tour growth 50

1. The Tech Tour Growth 50
Europe’s fastest growing high-
impact private companies
in conjunction with:

2. Contents
TT Growth 50 Companies 3-4
Key Figures 5-6
Why the Tech Tour Growth 50 7
Sector & Country Analysis 8-11
Investor Analysis 12-14
Criteria, Process and Selection Committee 15-16

3. The Tech Tour Growth 50 2015 Companies

4. The Tech Tour Growth 50 2015
Accedo Borro Lamoda.ru Quandoo Tobii Technology
Adyen Calastone MedicAnimal Scytl Tradeshift
Alfresco Deezer Mimecast Shazam Transferwise
AlienVault Order Dynamics Mister Spex Showroomprive Truecaller
Amplitude Laser
Technology Farfetch Powa Technologies Skyscanner Westwing
Avantium FoodPanda Nutmeg Smaato Windeln
Avito
B2x Care Solutions
OnefineStay Soundcloud WiThings
Blabla car ivi.ru Media Oodrive Spotify Wonga
Blippar Klarna Openet Swiftkey WorldRemit
Blockchain KupiVIP Ozon Talend Zound Industries

5. The Tech Tour Growth 50 Key Figures: Impact
 Since 1998 TTG50 Companies have raised over $5 Billion
 Since 1998 TTG50 Companies have created over 15, 000 Jobs
 75% OF TTG50 companies were founded in 2005 or later and in the last decade have
created over 14, 500 jobs
 28 companies are Tech Tour “alumni” and have presented at past Tech Tour events to
investors
Source: Tech Tour, Go4Venture, Dow Jones Venture Source, CrunchBase

6. The Tech Tour Growth 50 Key Figures: Growth & Investors
 75% of the TTG50 companies were founded in the last 10 years.
 The median year of company foundation is 2007
 The average time from company foundation to first funding round is 3 years 6 months
 The average time from first funding round to most recent funding round is 3 years 11
months
 The mean amount of funding rounds is 4
 The mean number of total investors per company is 5. There are 223 investors in total.
 47 of the 50 companies have at least one US investor
Source: Tech Tour, Go4Venture, Dow Jones Venture Source, CrunchBase

7. Why compile the Tech Tour Growth 50?
 $1 billion “unicorns” are just the tip of the iceberg.
They are well known and already frequently cited in
the press.
 Many investors have already exited these
businesses.
 TT Growth 50 lists the top 50 investor backed high-
growth companies over a rolling three year period.
 The TT Growth 50 companies demonstrate the
depth and breadth of investor backed European
high-growth businesses
 The list concentrates on value, not just valuation,
growth metrics such as year on year revenue
growth were combined with valuation data.
 We want to shine a light on the value being created
by European entrepreneurs and venture capital
firms that is still to be fully realised
.
TT Growth 50
Universe

8. The Tech Tour Growth 50 Country Break Down*
Source: Tech Tour *Where companies have now moved their HQ outside Europe the country of initial
incorporation is detailed.
2%
14%
14%
2%
4%
10%
4%
12%
38%
Country Break Down
Denmark
France
Germany
Ireland
Netherlands
Russia
Spain
Sweden
United Kingdom
0
2
4
6
8
10
12
14
16
18
20
Country Break Down

9. The Tech Tour Growth 50 Sector Break Down
46%
15%
15%
8%
4%
4%
2%2%2%2%
TTG50 Companies by Sector
B2C ecommerce
Business applications
Software & IT Services
Digital Healthcare
Communications & Network Systems
Other Clean Technology, Environment
or Energy
0
5
10
15
20
25
30
TTG50 Companies by Sector
 Almost 50% of companies defined as B2C eCommerce
 Business Applications & Software and Services account for 30%
 Across both Business and Consumer applications Fin Tech accounts fore 20%
Source: Tech Tour

10. The Tech Tour Growth 50 B2C Break Down
 Almost 50% of companies defined as Retail but very broad in geography and offering
 Retail ranges from online opticians to fashion to pet food and care
 Fin Tech also very broad from payday lenders, to money transfer for expats to asset backed
lending
46%
17%
8%
8%
8%
8%
4%
B2C eCommerce Sector Break Down
Retail
Financial Tech
Advertising & Search
Food and Beverage
Games & Entertainment
Music
Internet Applications & Portals
0
2
4
6
8
10
12
B2C eCommerce Sector Break Down
Source: Tech Tour

11. The Tech Tour Growth 50 B2B Break Down
 Fin Tech is the major sector with companies providing payment services systems to
enterprise and eCommerce platforms plus enabling technology to mutual fund managers
23%
39%
23%
15%
Bussiness Applications and Software Services
Break Down
Cloud & Big data
Financial Tech
IT Services
Security & Cyber Security
0
1
2
3
4
5
6
Security & Cyber
Security
Cloud & Big data IT Services Financial Tech
Business Applicatons and Software Service
Break Down
Source: Tech Tour

12. The Tech Tour Growth 50 Investor Break Down: Investor Type
 Almost ¾ of investors are financial venture capital fund managers
 Investments by corporations is significantly larger than corporate venture capital vehicles
 Total of 223 Investors
2% 4%
3%
10%
72%
2%
3% 3%1%
Investor by Type
Angel
Asset Manager
Corporate Venture
Corporation
Financial Venture
Institutional Investor
Private Equity
Public Sector Investor
University
0
20
40
60
80
100
120
140
160
180
Investor by Type
Source: Tech Tour

13. The Tech Tour Growth 50 Investor Break Down: Geography
 US based investors account for over one third of investor by number
 A US based investor is invested in 47 of the TTG50
5%
58%
36%
1%
Investors by Geographical Location
Asia
Europe
US
Africa
0
20
40
60
80
100
120
140
Europe US Asia Africa
Investors by Geographical Location
Source: Tech Tour,

14. The Tech Tour Growth 50 Investor Break Down: Companies
 The Investor Base is Diverse
 Only 19 Investors are invested in three or more companies
 Only 9 Investors in four or more companies
The figure in parenthesis represents the number of TTG50 Companies
83%
8%
6%
1% 1%
Number of Companies by Investor
One
Two
Three to Four
Five to Nine
Ten or more
Investors in 4 or more TTG50
Companies*
Accel Partners (11)
Index Ventures (7)
Balderton Capital Management LLP (5)
HV Holtzbrinck Ventures Adviser GmbH
(5)
Kleiner Perkins Caufield & Byers (5)
Access Industries (4)
Intel Capital (4)
Investment AB Kinnevik (4)
Octopus Ventures Ltd. (4)

15. How was the Tech Tour Growth 50 list generated?
 The Tech Tour identified a long list of 366 companies, backed by at least one
independent investor, that potentially met certain valuation and growth criteria
(see box on right)
 These were screened by Dow Jones VentureSource and Go4Venture.
Companies that definitely did not meet the criteria were removed.
 A list of 144 companies was generated. These companies and/or their
investors were contacted to verify the criteria
 Companies were also asked to voluntarily supply additional supporting
information on a confidential basis.
 The results gave a list of 93 companies. Companies were allocated a grade
depending on the criteria they met and the additional information supplied.
Growth information was prioritised in the grading. .
 A selection committee then voted for their individual “Top 50”
 The companies were then ranked by votes and grade
 The top 50 companies compose the Tech Tour Growth 50. As no method is
perfect we have not ranked the Tech Tour Growth 50
What were the criteria for inclusion in the
initial list?
Companies were estimated to have achieved three of
the four criteria below:
 50% sales growth (CAGR from Dec
31sr 2011 to Dec 31st 2014)
 $100 million valuation
 Raised more than $20 million
 Annual revenue greater than $10
million.

16. The Selection Committee
#16
Venture &
Growth Equity
Investors
Corporates, Research &
Global Organisations
Bankers & Advisors

17. What are the next steps?
 For more information on the Tech Tour Growth 50 and the companies please visit
www.techtourgrowth50.com
 The Tech Tour will compile this list every year and launch at the annual Tech Tour
Growth Forum. To get involved please contact William Stevens:
wstevens@techtour.com.