1、1EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCELEurope and Israels founder factoriesACCELEUROPE AND ISRAELS STARTUP FOUNDER FACTORIES2IntroductionVenture-backed unicornsA new age of sustainable growth for fintechsMethodology&AppendixFounder factories in the spotlightp.13p.12p.10p.08p.06p.04p.14Tec

2、h hubs across Europe and IsraelFunding for the new wave of startupsContents3EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCEL4EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCELIn addition to repeat founders,there is now a network of people around them who have a wealth of product,engineering and mana

3、gement experience,and have been on the startup journey before.This knowledge and experience is vital to building global success stories out of the region.Our data shows a striking trend:nearly 1,500 startups sprouted from the roots of European and Israeli unicorn companies,once again demonstrating t

4、hat they continue to be thriving founder factories.This region is not just launching startups;its creating seasoned founders equipped with deep industry insights and,in the current environment,the experience to build enduring and resilient businesses that can achieve sustainable growth.Commenting on

5、 the reports findings,Harry Nelis,Partner at Accel,said:“The European and Israeli tech ecosystem continues to be a powerhouse of innovation and ambition.Despite a difficult macroeconomic climate,were seeing a surge in entrepreneurial talent across the board,particularly in sectors such as fintech an

6、d AI.The European and Israeli tech ecosystem continues to grow thanks to the flywheel of talent springing from existing unicorns.Created in partnership with data provider Dealroom,this report reveals that,of the more than 350 VC-backed unicorns in the region,248 have fuelled 1,451 new tech-enabled s

7、tartups across Europe and Israel,with former employees becoming founders.LONDON,6 DECEMBER,2023Introduction6EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCEL7EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCEL90Israel64United Kingdom52GermanySwedenSpainSwitzerlandDenmarkIrelandFranceNetherlandsTOP 10

8、COUNTRIES BY VENTURE-BACKED UNICORNS(founded in Europe and Israel,excluding Biotech and Quasitech)Source:Dealroom.coNUMBER OF NEW UNICORNS FOUNDEDIN EUROPE AND ISRAELSource:Dealroom.co2023pre 201032011320123202112820203810201932201828201772016112015201482013520227910The UK and Israel have produced t

9、he most venture-backed unicorns outside the US and China.CUMULATIVE NUMBER OF VENTURE-BACKED UNICORNS FOUNDED IN EUROPE AND ISRAELSource:Dealroom.copre 20102011201220132014201520162017201820192020202120222023100200300369142232435078110148276355358Venture-backed unicorns89EUROPE AND ISRAELS STARTUP F

10、OUNDER FACTORIESEUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCELACCELFounder factories in the spotlightNUMBER OF 2ND GENERATION STARTUPSOf the more than 350 VC-backed unicorns founded in Europe and Israel,248 have fuelled 1,451 new tech-enabled startups across the region,with former employees becom

11、ing founders.While familiar tech stalwarts,such as Spotify,Delivery Hero,Zalando and Criteo continue to top the list,with 151 tech-enabled startups springing from those four companies alone,a new wave of founder factories is on the rise.Source:Dealroom.co413837353432272522221717171514131313161931292

12、72717Fintech unicorns dominate the top 10,with Revolut,Klarna,N26 and Wise ranking fifth,sixth,seventh and ninth respectively.Former employees of these companies have produced more than 120 new tech companies between them.10EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCEL2121.TEL AVIV45 unicorn fou

13、nder factories181 startup spinouts78%founded in Tel Aviv3.BERLIN27 unicorn founder factories211 startup spinouts60%founded in Berlin2.LONDON31 unicorn founder factories235 startup spinouts68%founded in London4.PARIS26 unicorn founder factories182 startup spinouts75%founded in Paris5.STOCKHOLM11 unic

14、orn founder factories138 startup spinouts59%founded in Stockholm6.AMSTERDAM8 unicorn founder factories32 startup spinouts50%founded in Amsterdam13564879117.COPENHAGEN6 unicorn founder factories32 startup spinouts44%founded in Copenhagen8.MUNICH6 unicorn founder factories33 startup spinouts45%founded

15、 in Munich9.BARCELONA5 unicorn founder factories41 startup spinouts59%founded in Barcelona10.TALLINN4 unicorn founder factories44 startup spinouts36%founded in Tallinn12.MADRID3 unicorn founder factories25 startup spinouts48%founded in Madrid11.HELSINKI4 unicorn founder factories22 startup spinouts4

16、1%founded in HelsinkiSource:Dealroom.coEUROPE AND ISRAELS STARTUPS FOUNDER FACTORIESACCELTel Aviv,London,Berlin and Paris are home to the highest number of unicorn founder factories.Tech hubs across Europe and Israel101013EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESEUROPE AND ISRAELS STARTUP FOUNDER

17、 FACTORIESACCELACCEL12This new wave of startups founded by former European and Israeli unicorn employees are already attracting significant private investment.40%HAVE RAISED BETWEEN$1M AND$10M28%HAVE RAISED MORE THAN$10M59%SECURED VC FUNDING*Of those that have secured VC fundingFunding for the new w

18、ave of startupsA new age of sustainable growth for fintechsThe ambition of fintech founders remains undiminished with many new startups being founded,even in the difficult macroeconomic conditions over the last year.In the last 14 years,70 fintech unicorns have seen 423 startups founded by former em

19、ployees and more than a third(35%)were also in fintech.After years of hypergrowth and experimentation,the fintech sector is slowly transitioning to a new age of sustainable,profitable growth,prompted by a market correction last year that led to a sharp decline in funding and deal activity.THE TOP 10

20、 FINTECH FOUNDER FACTORIES FOR TECH STARTUP CREATIONTHE TOP FIVE FINTECH FOUNDER FACTORIES PRODUCING THENEW WAVE OF FINTECH STARTUPS01020304011131313161727313234010203040179273432671214181415EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESEUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCELACCELSecond gene

21、ration startupsVenture-backed unicornsLocationsMethodologyThis report is based on qualitative and quantitative research into the European and Israeli unicorn ecosystem carried out over the last four months by Dealroom.All data has been gathered up until 30 September,2023.We consider a startup to be

22、part of a unicorns“mafia”or snowball effect when a founder has held a full-time position at the parent company for more than five months.The end date of the experience at the unicorn should not have been more than six years prior to the launch of the new tech-enabled company.The list excludes agenci

23、es,consultancies and biotech companies.It also excludes companies founded by people who were at the founders factories as consultants/interim/advisory roles.Companies with$1B+current valuation or at exit that were founded in Europe or Israel and have received investment from a Venture Capital invest

24、or.This dataset excludes quasi-tech(BrewDog)and biotech(Oxford Nanopore Technologies)unicorns.Locations of companies in this dataset are determined by where the company was founded.A company that was founded in Tel Aviv and later relocated its headquarters to London is counted as Tel Aviv.About Deal

25、roomDealroom.co is the foremost data provider on startups,growth companies and tech ecosystems in Europe and around the globe.Founded in Amsterdam in 2013,Dealroom.co now works with many of the worlds most prominent investors,entrepreneurs and government organisations to provide transparency,analysi

26、s and insights on startups and venture capital activity.AppendixSPOTIFY41STOCKHOLMDELIVERY HERO38BERLINZALANDO37BERLINCRITEO35PARISREVOLUT34LONDONKLARNA32STOCKHOLMN26 GROUP31BERLINGLOVO29BARCELONADELIVEROO27LONDONWISE27LONDONBLABLACAR27PARISWIX25TEL AVIVPLAYTIKA22HERZILYASKYPE22TALLINNKING.COM19STOC

27、KHOLMBABYLON17LONDONDOCTOLIB17PARISJUST EAT17KOLDINGMONZO BANK17LONDONPAYONEER16PETAH TIKVASKYSCANNER15EDINBURGHCELONIS14MUNICHFOUNDER FACTORYCOUNTFOUNDING LOCATIONFOUNDER FACTORY RANKING IN FULLSource:Dealroom.coCONDUIT13NESS ZIYYONASUMUP13LONDONWEFOX13BERLINZETTLE13STOCKHOLMJOBANDTALENT13MADRIDIRO

28、NSOURCE12TEL AVIVBITPANDA11VIENNABOLT11TALLINNFUNDING CIRCLE11LONDONGOCARDLESS11LONDONUNITY TECHNOL-OGIES11COPENHAGENWOLT11HELSINKIINTERCOM10DUBLINYOTPO10TEL AVIVADYEN9AMSTERDAMFLIX SE9MUNICHGETT(GETTAXI)9TEL AVIVIMPROBABLE9LONDONKALTURA9TEL AVIVSIMILARWEB9TEL AVIVVESTIAIRE COLLEC-TIVE9PARISWAZE9TEL

29、 AVIV1617EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESEUROPE AND ISRAELS STARTUP FOUNDER FACTORIESACCELACCELACRONIS8SCHAFFHAUSENCHECKOUT.COM8LONDONGETYOURGUIDE8BERLINGORILLAS8BERLINPAYFIT8PARISQONTO8PARISSENNDER8BERLINSISENSE8TEL AVIVTABOOLA8TEL AVIVVOODOO8PARISWALKME8TEL AVIVALGOLIA7PARISCABIFY7MADR

30、IDDATAIKU7PARISETORO7TEL AVIVFORTO7BERLINKRY7STOCKHOLMPIPEDRIVE7TALLINNTEYA7LONDONTHE HUT GROUP7MANCHESTERUIPATH7BUCHARESTVOI TECHNOLOGY7STOCKHOLMZOOPLA7LONDONAIRCALL6PARISALAN6PARISAUTO1 GROUP6BERLINCOLLIBRA6BRUSSELSDEEZER6PARISGOUSTO6LONDONPERSONIO6MUNICHSENTINELONE6TEL AVIVSPENDESK6PARISSUPERCELL

31、6HELSINKIANAPLAN5YORKBACK MARKET5PARISCONTENTFUL5BERLINEPIDEMIC SOUND5STOCKHOLMFEVER5MADRIDFUNDBOX5TEL AVIVHELLOFRESH5BERLINODOO5CHAUMONT-GIS-TOUXORCAM5JERUSALEMPANDADOC5MINSKPLEO5COPENHAGENPPRO5LONDONTIER5BERLINTINK5STOCKHOLMTRADESHIFT5COPENHAGENTRIVAGO5DSSELDORFTRUELAYER5LONDONTRUSTPILOT5COPENHAGE

32、NALLEGO4ARNHEMAQUA SECURITY4TEL AVIVAVITO4MOSCOWBITFURY GROUP4AMSTERDAMBLOCKCHAIN.COM4YORKBUNQ4AMSTERDAMCHAINALYSIS4COPENHAGENCHOCO4BERLINCOGNITE4BRUMELASTIC4AMSTERDAMFORESCOUT4TEL AVIVLEDGER4PARISMAMBU4BERLINMIRAKL4PARISOMIO4BERLINPRODUCTBOARD4PRAGUERAISIN4BERLINRELEX SOLUTIONS4HELSINKITAXFIX4BERLI

33、NTRUSTLY4STOCKHOLMTTTECH4AUSTRIAVERIFF4TALLINNWALLBOX4BARCELONAADJUST3BERLINBACKBASE3AMSTERDAMBRINGG3TEL AVIVFACTORIAL3BARCELONAFANDUEL3EDINBURGHFARFETCH3PORTOFLYWIRE3VALENCIAGITLAB3KYIVHIBOB3TEL AVIVHYBRIS3ZUGINFOBIP3ZAGREBK HEALTH3TEL AVIVLUNAR3AARHUSLYDIA3PARISMEERO3PARISMESSAGEBIRD3AMSTERDAMMIRO

34、3PERMNEO4J3MALMNORTHVOLT3STOCKHOLMONEFOOTBALL3BERLINOPENWEB3TEL AVIVOPTIBUS3TEL AVIVOVO ENERGY3BRISTOLPADDLE3LONDONPICNIC3AMSTERDAMREWARD GATEWAY3LONDONROHLIK3PRAGUESHIFT TECHNOLOGY3PARISSWILE(EX-LUNCHR)3MONTPELLIERTHOUGHT MACHINE3LONDONTRAVELPERK3BARCELONAVERBIT.AI3TEL AVIVVINTED3VILNIUSWAYFLYER3DU

35、BLINZOPA3LONDONANKORSTORE2PARISAPPSFLYER2TEL AVIVBLUE PRISM2WARRINGTONCAZOO2LONDONCLOUDBEES2NEUCHTELCOMMERCETOOLS2MUNICHCOPPER2LONDONCURRENCYCLOUD2LONDONCYBERARK2PETAH TIKVADARKTRACE2CAMBRIDGEDOCPLANNER2WARSAW1819EUROPE AND ISRAELS STARTUP FOUNDER FACTORIESEUROPE AND ISRAELS STARTUP FOUNDER FACTORIE

36、SACCELACCELDRIVENETS2RAANANAEINRIDE2STOCKHOLMFACILE.IT2MILANFEEDZAI2LISBONFLINK2BERLINFLIPDISH2DUBLINGOSTUDENT2VIENNAGRAPHCORE2BRISTOLGROVER2BERLINHOPIN2LONDONJOKR2BERLINKYRIBA2PARISLENDABLE2LONODNLETGO2BARCELONALILIUM2WESSLINGMOLLIE2AMSTERDAMNORD SECURITY2VILNIUSORCA SECURITY2TEL AVIVOTONOMO2TEL AV

37、IVPLACER2TEL AVIVSALT SECURITY2TEL AVIVSELLERX2BERLINSITECORE2COPENHAGENSNYK2TEL AVIVSOLARIS2BERLINSPORTRADAR AG2ST GALLENSTARLING BANK2LONDONTRADE REPUBLIC2BERLINVIVA WALLET2ATHENSYOUNITED2PARISZEPZ(WORLDRE-MIT)2LONDONURA2OULU1KOMMA51HAMBURGAGILE ROBOTS1MUNICHAIVEN1HELSINKIARMIS1TEL AVIVBERLIN BRAN

38、DS GROUP1BERLINCATO NETWORKS1TEL AVIVCLARK1FRANKFURTCLAROTY1TEL AVIVCONTENTSQUARE1PARISCYBEREASON1TEL AVIVDENTAL MONITOR-ING1PARISEARNIX1TEL AVIVFIREBOLT1TEL AVIVFLASCHENPOST1MNSTERFORTER1TEL AVIVGELATO1OSLOHABANA1CAESAREAHMD GLOBAL1ESPOOHUB SECURITY1TEL AVIVHUUUGE GAMES1WARSAWINFARM1BERLININNOVID1T

39、EL AVIVIVALUA1ORSAYJELLYSMACK1PARISJFROG1NETANYALIQUIDITY GROUP1TEL AVIVLUSHA1TEL AVIVMELIO1TEL AVIVMELLANOX TECH-NOLOGIES1YOKNEAM ILLITMOON ACTIVE1TEL AVIVOUTSYSTEMS1LISBONOWNBACKUP1TEL AVIVPAYHAWK1SOFIAQUANTEXA1LONDONRAPYD1TEL AVIVREDIS LABS1TEL AVIVREMARKABLE1OSLORIMAC AUTOMOBILI1SVETA NEDELJARISKIFIED1TEL AVIVSCALABLE CAPITAL1MUNICHSOLAREDGE TECH-NOLOGIES1HOD HASHARONSORARE1PARISSTAFFBASE1CHEMNITZTALKDESK1LISBONTRACTABLE1LONDONTRANSFERMATE GLOBAL PAYMENTS1KILKENNYTRAX1TEL AVIVTRIPLEDOT STU-DIOS1LONDONVOLOCOPTER1BRUCHSALWORKHUMAN1DUBLINZEGO1LONDONZWIFT1LONDON