QUO VADIS EUROPE? THE FUTURE OF EUROPEAN TECH Davos, 2019 Image source:Shutterstock 2018: Another record breaking year for European tech exits... €107Bn of exits (sale or IPO) of European venture backed companies. Four €5Bn+ large IPOs: €24.21Bn €18.25Bn €6.1Bn €5.4Bn And many other notable exits: £2.2Bn $2.2Bn £1.5Bn £4.6Bn Sources: Dealroom, Tech Nation, Atomico ...first time Europe close to the US with $107Bn of exits vs. $136Bn in the US and $113Bn in China. $136B $113B $6B $107B $14B $13B $34B $40B UK SWEDEN NETHERLANDS ITALY, REST OF TOTAL US CHINA FRANCE, EUROPE EUROPE GERMANY Sources: Dealroom. Tech Nation European VC financing still behind US and China both in absolute terms and relative to GDP at 0.13% vs. c.0.50% in US and China... 2018 Total Venture $25b $99.5b $70b Financing: % of total VC 0.13% financing as 0.47% 0.50% per of GDP 2018 GDP: $19tn $21tn $14tn Sources: KPMG, Wikipedia ...although growing faster than the US, it is from a lower base. More than 2x slower than China at c.30% 6yr CAGR vs c.70%. Sources: Dealroom, Pitchbook, KPMG Some of the large economies are lagging behind their entrepreneurial potential (Italy, Poland, Germany). Sources: Dealroom, Funderbeam, Stack Overflow, Atomico One thing is certain: there is a lot to be proud of! Startups create jobs and future prosperity. New cohort of champions growing up. # of new and existing $1Bn+ companies since 2006 Sources: Atomico Download the presentation at: mci.eu/davos Opportunities and challenges? …to be discussed with the panellists and moderators: Francis Leung Brent Hoberman Anna Fang Tomasz Czechowicz Arek Wylegalski Chairman, CVC Capital Co-Founder and Executive Partner & CEO Managing Partner & CIO Venture partner, Partners, CHKLC Chairman: firstminute Zhenfund of MCI Capital firstminute capital capital, Founders Factory, Advisor, MCI Capital Prominent investment Founders Forum Anna's investments Entrepreneur since 1985. banker in Asia with nearly include RED Prior an investor at Index 30 years of experience. Co-founder and CEO of (Xiaohongshu), VIPKID, For the past 20 years, Ventures. He led or Francis pioneered the lastminute.com. Sold in Mia, Yitu Technology, Venture Capital/Private worked on investments listing of Mainland 2005 to Sabre for Mobvoi, Club Factory, Equity investor, founder in: Revolut, Wayve, Chinese companies on $1.1bn. Co-founder of ZaoZuo, Perfect Diary, and Group Managing Culture Amp, Dubsmash, the Hong Kong Stock Karakuri, Smartup, Grip, Deep Glint and Horizon Partner @ MCI Capital - Prodigy, Property Exchange. Francis has made.com. Advisor to Robotics. Prior to one of the leading Partner and others. He been an active angel and LetterOne, the Oxford ZhenFund, Anna worked joined Index after European private equity VC investor with an Foundry and the UK at GE China and Avenue Capital, a $15bn unparalleled network Government. Board JPMorgan in the New groups with focus on AUM hedge fund. Arek connecting overseas member of The York office. Anna is a technology and started his career in companies with the Economist, a YGL and YGL since 2016 and was digitalization. In 1990 co- investment banking, Greater China. Francis one of the Prime also selected onto the founded JTT, a leading trading credit for founded Peregrine Minister's Trade Forbes’ Midas Brink List computer manufacturer Barclays Capital and Group. Ambassadors. CBE for in 2016. then in M&A advisory. with $100M+ revenues. services to WEF Global Leader of entrepreneurship. Tomorrow. Download the presentation at: mci.eu/davos Financial Technology Opportunities and challenges? …to be discussed with the panellists and moderators Adam Kostyal Andy Stewart Piotr Wetmanski Tomasz Czechowicz Arek Wylegalski Senior Vice President, Founding Partner Chief of Staff and Head of Managing Partner & CIO Venture partner, NASDAQ Europe Motive Partners Strategy at Bank Pekao of MCI Capital firstminute capital Advisor, MCI Capital Responsible for Nordic Previously co-led Piotr joined Bank Pekao Entrepreneur since 1985. Exchanges with 800 Blackrock’s Alternative from Bank of America Merrill Prior an investor at Index companies listed and for Investment Platform. He Lynch, where he focused on For the past 20 years, Ventures. He led or more than 120 European helped grow the strategy development for Venture Capital/Private worked on investments companies that are listed business to $120B AUM EMEA and for Global Equity investor, founder in: Revolut, Wayve, on the Nasdaq the U.S. and $1.2B in revenues. Corporate and Investment and Group Managing Culture Amp, Dubsmash, Adam has been with Andy chaired BAI’s Banking. Prior to this, Piotr Partner @ MCI Capital - Prodigy, Property Nasdaq for the past 10 Executive Committee. At has worked in M&A advisory one of the leading Partner and others. He years. Prior to Nasdaq, Credit Suisse he in BofAML's Financial joined Index after European private equity Adam held various managed investment Institutions Group covering Avenue Capital, a $15bn positions with OMX, teams across hedge fund UK and CEEMEA. Earlier in groups with focus on AUM hedge fund. Arek Enron, Cell Network and strategies, credit, his career, he has also technology and started his career in Bloomberg. He holds a commodities, and gained experience in digitalization. In 1990 co- investment banking, BSc in Economics and insurance. Before Credit business development at founded JTT, a leading trading credit for Marketing from Vrije Suisse he helped build Goldman Sachs and computer manufacturer Barclays Capital and Universiteit. Man Investments. Bloomberg while working for then in M&A advisory. with $100M+ revenues. these firms' international WEF Global Leader of leadership teams. Tomorrow..