“From 2016 to 2019, it rose from $2 billion to $5 billion, growing much faster than in the US, which grew from $15 billion to $20 billion. It now represents one quarter of the US. European companies have been able to raise rounds as large as their US counterparts, and UiPath and Veeam top the list with $568 million and $500 million in total investment respectively.” the report says
This region has been known for being strong in B2B focused startups, of which many are SaaS companies. Even so, for some, such as Planday, this is a sought-after listing. Planday raised an historic € 35 million funding round by leading European investors last year.
“Planday’s roots are Danish but our mindset and know-how is global. By bringing the best of Danish design and a commitment to the empowerment of working people, we have developed a market-leading product and have been backed by the market to grow and pioneer new solutions even more,” says Christian Brøndum CEO at Planday.
Having four startups from the region on the European lists shows the strength we have here. But as with any larger startup, they are not just based here – but taking the strength from this region global.
“We are very much a Scandinvian company — our headquarters are in Copenhagen and our offices are in Oslo, Hamburg, London and Los Angeles. In everything we do, we try to bring the best of Scandic design and efficiency to every touch-point in the Planday platform, experience and partner ecosystem.” Christian says
About the startups
GetAccept – Is a tool for rethinking how sales document work. With their eSigning workflow they help salespeople close more deals.
Peakon – Peakon works with increasing feedback within organisations. Its tool collects employee feedback, analyses it, and then delivers it back to the organisation.
Planday – Planday builds software that makes it easier for managers and hourly workers to communicate, collaborate, and get work done. The focus is to make the relationship between hourly workers and their managers more efficient and productive.
Templafy – Templafy helps users improve productivity, branding, and compliance across business documents, presentations, and emails. Templafy’s platform assists enterprise employees in each stage of the document creation workflow, delivering productive, compliant and enjoyable ways.
You can read the report by Accel Partners over at tech.eu.