13 March 2018 Announcing the 2018 Tech Tour Growth 50 – Europe’s 50 Super-Scale Ups Today, Tech Tour announces its 2018 Tech Tour Growth 50 to shine a light on the next generation of Europe’s fastest growth equity backed tech businesses: the super-scale ups. Using data sourced from PitchBook, and the insight of a selection committee of international investors, Tech Tour researched and evaluated over 280 European private tech companies at a sub-one billion US dollar valuation, to identify Europe’s 50 most promising super-scale up companies. The selection committee, composed of 22 international venture capital and growth equity fund managers, chose the 50 companies from an overall universe of 284 European qualifying companies based on their achievement, impact and momentum. The Tech Tour Growth 50 2018 (shaded companies enter the TTG50 for the first time in 2018). William Stevens, CEO, Tech Tour, commented “The billion dollar “unicorn” successes that grab our attention are just the tip of the iceberg. The Tech Tour Growth 50 puts the next layer of Europe’s high-tech, high-growth businesses in the limelight. These are Europe’s future potential unicorns – the companies with the most promise to have a global impact. The Tech Tour Growth 50 Companies have created over 9, 600 high-tech jobs, raised over $4.3 billion of investment from 359 investors and have an estimated average valuation of $294 million, compared to $146.92 million for global super-scale ups as a whole, according to PitchBook data. With over 88% of companies attracting investment from the US this is a clear demonstration of Europe’s strength and competitiveness in scaling-up tech businesses.” Outside of their common financial metrics many super-scale ups are backed by European venture capital firms that have already helped build unicorn companies or individual “super angels” and unicorn founders such as Charles Dunstone (Carphone Warehouse) backing Nutmeg, William Reeve (Love Film) and Murray Salmon (Net-a-Porter) backing Secret Escapes and Oleg Tscheltzoff (Fotolio) backing CarPrice. The Tech Tour identified 284 European “super-scale ups” in 2018 compared to just 121 in 2015. Europe, however, lags North America which has 833 “super-scale ups” in 2018. While US venture capital backed companies in 2018 as a whole raised 5x the amount of capital as their European counterparts they have only 3x the number of “super-scale ups”. European tech continues to do more with less capital, a strong indicator of the value created across Europe. Commenting on the selection process James Burnham, Senior Adviser, Tech Tour, explained “We combined the quantitative rigour of using public data sources for valuation, sales growth and financing augmented by the selection commitee members’ deep market knowledge. Each year our work is becoming more difficult as there is a growing number of great European companies. It is of course a very nice problem to have and explains the growing appeal of the Tech Tour Growth Forum as the place to meet great late-stage European tech companies.” The CEOs of the companies will gather at the annual Tech Tour Growth Forum in Geneva from March 22nd – 23rd where two companies will be announced as the 2018 Tech Tour Growth Award and Tech Tour Innovation Award winner.