How much salary do VCs earn, the future of on-demand food delivery, Barcelona has declared a climate emergency and what is toxic about the European ecosystem
#15
This is the 15th edition of Sunday CET, a weekly curation of what we found interesting in the European investment tech landscape.
MENU
1. More money in the market
2. How others are doing it
3. Interesting bets
4. Data, research, observations
5. What others think
1. More money in the market
🇸🇪 EQT sets €14.75bn target for flagship fund
Bonus
🇬🇧 Atomico promotes surgeon-turned-VC Irina Haivas to partner
2. How others are doing it
🇪🇸 Expanding a franchise: the value of turnkey - link
🇩🇪 How much salary do VCs earn - survey (they usually complain it’s not enough)
🇱🇹 After the UK leaves the EU, Vilnius will become the biggest centre in the bloc for regulated fintech companies - link
The Bank of Lithuania had, by the end of last year, issued e-money licences to 64 fintechs with about 40 more applications under examination. That ranks well behind the UK, which has more than 150 regulated fintechs, but ahead of all other EU countries, none of whom has more than 20.
🇪🇺 EU tech companies write an open letter to EU to ensure there is a “level playing field” so that third countries’ technology rivals cannot gain an advantage over EU competitors by flouting local laws - link
🇫🇷 France is finalizing a bill to force companies like Netflix to put 25% of local revenue to fund local productions - link
Bonus
There are 2 different adoption paths for new technologies: inside-out and outside-in - link
Four Lessons in Relationship Building from 30 Networking Superstars
What happens when baby boomers with MBAs try to compete in the tech sphere
an AWS email newsletter template
3. Interesting bets
🇦🇹 Austria
OCR platform to allow business to scan and collect analog information | $12 million | Project A, Operational VC, Senovo
🇧🇪 Belgium
telco fraud detection | €1.5 million | Qbic II Fund, Akiles
online group gift platform | €1 million | angel investors
🇩🇰 Denmark
synthetic biology company | Bruce Linton, Oskare Capital
🇫🇮 Finland
crowdfunding investment platform | €1.9 million | Speedinvest, Taaleri, WJM
🇫🇷 France
retail-performance platform | $11 million | Five Elms Capital, Cap Horn, Runa Capital.
🇩🇪 Germany
white label card-as-a-service platform | €7 million | Apeiron Investment Group, Grey Study Capital
🇮🇹 Italy
luggage storage network | €2.5 million | Vertis
🇪🇸 Spain
software developer for process automation | €600k | GoHub Ventures, Grupo Zriser.
🇸🇪 Sweden
developer of software solutions for the ecommerce businesses | $5 million | angel investors
AI product for edge devices | €1 million
water recycling device connected to washing machines | $900k | Forec, Almi, GU Ventures
🇬🇧 UK
home water heating technology | £3.6 million | Foresight Williams Technology (FWT), Oxford Sciences Innovation, IP Group, Centrica Innovations
eco indoor farming technology | £2.35 million | Longwall Venture Partners
ethical video platform | $1.6 million | You and Mr Jones, Quaestus Capital Management, SIS Ventures, Galvanise Capital, Scottish Investment Bank
4. Research, data, observations
🇪🇺 The future of on-demand food delivery (Sifted/Uber Eats)
Dark kitchens are going to be big - what if restaurants could stop dealing with customers, do away with front-of- house staff and more than halve their rent by opening “dark kitchens”?
Brands are going to go at it alone - restaurants, big and small, are getting fed up of third-party delivery platforms.
On-demand grocery is going to get interesting - Glovo (Barcelona) plans to launch more than 100 dark stores ((like convenience stores, but without any customers) in the next 18 months.
🇹🇷 In 2019, only four startups received investments over $5 million in the Turkish entrepreneurial ecosystem. Financial technology startups like Foriba, Paraşüt and iyzico managed to make successful exits - link
Bonus link: Annual Turkish M&A Review 2019
🇬🇧 2019: a record year for VC investment in the UK
🇪🇺 EU lays out 1 trillion-euro plan to support Green Deal
The European Union plans to dedicate a quarter of its budget to tackling climate change and to work to shift 1 trillion euros ($1.1 trillion) in investment toward making the EU’s economy more environmentally friendly over the next 10 years.
🇪🇸 Barcelona has declared a climate emergency:
The current economic model is based on endless growth, consumption & a permanent race for profit. This economic system threatens the ecological balance of our planet & has multiplied inequalities.
🇪🇺 Apple may be forced by EU to replace iPhone charger with Android equivalent
🇪🇺 A group of UK citizens are preparing a legal action to challenge whether the government can remove their EU citizenship when the UK officially leaves the European Union on 31 January - link
Bonus:
The State of Marketplaces 2019 (Battery Ventures)
Venture Capital Funding Report Q4 2019 (CB Insights)
5. What others think
🇫🇷 2020 Fintech and Insurtech predictions (BlackFin Tech)
🇪🇸 The Spanish Start-Up Ecosystem — an Investor’s Perspective (Senovo VC)
🇪🇸 Will 2020 be the year that Spanish venture capital lifts off?
🇫🇷 What’s toxic about the European ecosystem? (The Family)
Public grants teach entrepreneurs how to fill out forms instead of learning about their users.
Corporate money holds startups back, blocking them anytime an entrepreneur actually starts to disrupt an industry’s value chain.
Building co-working spaces isn’t the key to innovation. It’s not the co-working space that matters, only the people inside.
🇬🇧 How to keep cash in the bank (Robin Klein)
Bonus:
Why Customer Network is the next big thing that every startup needs to master (Alex Iskold)
2020 Startup Themes (Daniel Gross)
The Next Generation of Intentional Eating
The Fight Against Disinformation
A Once in a Generation Shift to Remote Work
The Increasing Importance of Climate & Disaster Preparedness
A New Class of Security Companies for the Multi-Cloud World
The Rise of Privacy-Focused Marketing
A New Wave of Opportunities for “ML Ops” Startups
Delighting Customers Using Intelligent Applications
Managing your financial life requires following three rules
#No. 1. Spend less than you earn;
#No. 2. Prioritize investing for your future;
# No. 3. Figure out what matters and spend accordingly.
Happy Sunday!
Thanks for reading 🙌
Created by @drnovac every Sunday.
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