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1. TRACXN TOP BUSINESS MODELS REPORT
March 17, 2021
EUROPE TECH

2. Europe Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
EuropeEurope Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Europe Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Funding in last 1 year
3
Alternative Lending $3.5B
Logistics Tech $2.5B
Food Tech $2.3B
Oncology $2.1B
eSports $2.1B
Banking Tech $2.0B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
HTGF
Enterprise Ireland
33
22
21
Early
Stage
Bpifrance
EQT Ventures
Business Growth Fund
21
19
18
Late
Stage
Accel
Tiger Global Management
Index Ventures
11
11
10
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
BLAST Pro Series
(2017, )
$1.9B - Series D
Klarna
(2005, )
$1.0B - Series H
UiPath
(2005, )
$750M - Series F
Crossbay
(2020, )
$734M - Series D
Klarna
(2005, )
$650M - Series G
eToro
(2007, )
$650M - Series F
Deliveroo
(2013, )
$636M - Series G
Northvolt
(2015, )
$600M - Series C
Wolt
(2014, )
$536M - Series E
Ki insurance
(2020, )
$500M - Series D
Checkout.com
(2012, )
$450M - Series C
Epidemic Sound
(2009, )
$450M - Series D
London (29%)
Stockholm (7%)
Paris (7%)
Berlin (6%)
Copenhagen (6%)
Others (45%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Europe Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲272 Esports League Organizers $1.9B 3 BLAST Pro Ser.. | $1.9B | Series D Link
2▲3 Internet First Direct Lender Purchase Financing $1.8B 9 Klarna | $1.0B | Series H Link
3▼1 Online Food Delivery $1.6B 6 Deliveroo | $636M | Series G Link
4▲3 Cognitive Robotic Process Automation $979M 4 UiPath | $750M | Series F Link
5▼1 Process Mining $976M 2 UiPath | $750M | Series F Link
6▲20 Payment Card Issuer Processors $849M 9 Checkout.com | $450M | Series C Link
7▼1 Food Delivery $818M 3 Deliveroo | $636M | Series G Link
8▲812
Logistics Tech > Parcel > Technology Enablers >
Delivery Management > Last Mile
$740M 2 Crossbay | $734M | Series D Link
9--
Investment Tech > Online Trading Platforms >
Stocks > Social Trading
$650M 1 eToro | $650M | Series F Link
10-- Ophthalmology > Drugs > Retinal Disorders $641M 4 CureVac | $343M | Series F Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Europe Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼8 Lithium Ion Batteries $613M 4 Northvolt | $600M | Series C Link
12-- Customer Success Management > CPaaS $603M 2 Infobip | $403M | Series A Link
13▲824 Virtual Events $580M 8 Hopin | $400M | Series C Link
14▲34 Cheminformatics for Drug Discovery $521M 10 ATAI | $157M | Series D Link
15▲64 Flying Cars > Non Hybrid Vehicles $515M 3 Volocopter | $241M | Series D Link
16▲12 Security Testing $509M 5 Snyk | $300M | Series E Link
17▲13 Cyber Vulnerability Assessment Platforms $500M 4 Snyk | $300M | Series E Link
18▲108 Online Second Hand Car Dealers $470M 4 Cazoo | $311M | Series E Link
19▲335
Music Tech > Music Artist IT > Copyrights
Management > Licensing Marketplace
$455M 2 Epidemic Sound | $450M | Series D Link
20▼19 Satellite Communication Services $450M 4 OneWeb | $400M | Series E Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Europe Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▼4
Online Grocery > B2C Ecommerce > Multi Category
> Retailer > Own Delivery Fleet
$437M 15 Rohlik Group | $229M | Series D Link
22▼2 Free Float Electric Kick Scooter Rentals $412M 6 TIER | $250M | Series C Link
23▼12 Data Privacy Management Platforms $402M 7 OneTrust | $300M | Series C Link
24▼12 Cybersecurity > Data Security > Data Privacy $401M 5 OneTrust | $300M | Series C Link
25▼15 P2P Bank Remittance $338M 4 TransferWise | $319M | Series F Link
26▲35 Corporate Travel $331M 3 Sweep | $329M | Seed Link
27▲26 Cab Ride-Hailing $315M 3 Bolt | $182M | Series D Link
28-- Patent Analytics & Management $303M 2 PatSnap | $300M | Series E Link
29-- Shopping Cart solutions for B2B E-Commerce $300M 1 Mirakl | $300M | Series D Link
30▼15 Online Grocery Delivery Marketplace $300M 6 Getir | $128M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Europe Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲75 Diversified Diagnostics > Tests $296M 16 SOPHiA GENETICS | $110M | Series F Link
32▲3
Alternative Lending > Online Lenders > Consumer
Loans > Personal Loans > Marketplace > P2P
$294M 2 Auxmoney | $179M | Series F Link
33▲158 Second Hand Luxury Fashion Consignment Platforms $290M 4 Vestiaire Col.. | $216M | Series F Link
34▼21
Life Sciences Platforms and Tools > Research
Services
$286M 40 Univercells | $85.2M | Series C Link
35-- Electric Vertical Takeoff and Landing Aircraft $275M 2 Lilium | $240M | Series C Link
36▲349 Cryptocurrencies > Financial Services > Diversified $262M 11 Blockchain | $120M | Series C Link
37▲59 Core Banking Platforms $240M 5 Mambu | $135M | Series D Link
38▲273 Online Cryptocurrency Trading Platforms $225M 6 Bitpanda | $170M | Series B Link
39▲785 Customer Service Software $220M 3 MessageBird | $200M | Series C Link
40▲1031
Food Tech > Novel Foods > Food Products > Dairy
Substitute > Plant Based
$207M 4 Oatly | $200M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Europe Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲911 Marketing Analytics $196M 2 ContentSquare | $190M | Series D Link
42▲12 Inflammatory Diseases Drugs $193M 7 NodThera | $55.0M | Series B Link
43▲100
Second Hand Goods > Multi Category > Marketplace
> Mobile-first
$191M 2 Wallapop | $191M | Series G Link
44-- Second Hand Goods > Collectibles > Auctions $182M 1 Catawiki | $182M | Series D Link
45▼23 Diversified Pharmaceuticals > Drugs $181M 11 Enterome | $52.3M | Series E Link
46▲237 Payment Routing Solution Provider $178M 3 Mollie | $106M | Series B Link
47▲88 Usage Based Auto Insurance $174M 5 Zego | $150M | Series C Link
48▲73 High-Throughput DNA Sequencing Instruments $170M 2 Nanopore | $110M | Series G Link
49▲73 Nanopore Sequencing $170M 2 Nanopore | $110M | Series G Link
50▲18 Indoor Hydroponics Farming $170M 2 INFARM | $170M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Esports League Organizers - Europe
01
9
Back to index
eSports (Pixonic)
(# Cos: 326 | $4.7B)
League Organizers (ESLGaming)
(# Cos: 47 | $4.1B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$1.9B (▲6253%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$4.1B
12
-
47
2
ESLGaming
(2009, $22.0M)
BLAST Premier
(2016, $193M)
BLAST Pro Series
(2017, $3.9B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BLAST Pro Series (2017)
$1.9B - Series D - May 2020
BLAST Premier (2016)
$18.9M - Series A - May 2020
EGL (2010)
Undisclosed - Series A - Jun 2020

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Internet First Direct Lender Purchase
Financing - Europe
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$1.8B (▲159%)
9(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$3.0B
18
-
39
8
Alternative Lending (Meilleurtaux)
(# Cos: 1948 | $9.6B)
Online Lenders (SalaryFinance)
(# Cos: 1368 | $8.6B)
Consumer Loans (Celsius Network)
(# Cos: 631 | $5.8B)
Point of Sale Financing (Divido)
(# Cos: 81 | $3.1B)
Direct Lender (Klarna)
(# Cos: 39 | $3.0B)
Klarna
(2005, $2.6B)
Pagantis
(2011, $85.8M)
Alma
(2017, $77.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Klarna (2005)
$1.0B - Series H - Mar 2021
Klarna (2005)
$650M - Series G - Sep 2020
Alma (2017)
$59.4M - Series B - Jan 2021
Scalapay (2019)
$48.5M - Seed - Jan 2021
Zilch (2018)
$30.0M - Series A - Dec 2020
Zilch (2018)
$10.0M - Series A - Sep 2020
Auto Service Finance (2013)
$1.1M - Seed - Apr 2020
View all 9 Funding Rounds on Tracxn Platform

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Online Food Delivery - Europe
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$1.6B (▲53%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$6.5B
46
3
213
3
Food Tech (Takeaway)
(# Cos: 2554 | $8.7B)
Food Discovery and Ordering (Deliveroo)
(# Cos: 908 | $7.2B)
Restaurant Aggregator (Foodpanda)
(# Cos: 356 | $6.7B)
Platform Delivered (Delivery Hero)
(# Cos: 213 | $6.5B)
Delivery Hero
(2011, $1.8B)
Foodpanda
(2012, $318M)
Deliveroo
(2013, $2.7B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Deliveroo (2013)
$636M - Series G - Aug 2020
Wolt (2014)
$536M - Series E - Jan 2021
Deliveroo (2013)
$180M - Series H - Jan 2021
Glovo (2015)
$121M - Series E - Jan 2021
Wolt (2014)
$110M - Series D - May 2020
Wolt (2014)
$8.8M - Angel - Oct 2020

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Cognitive Robotic Process Automation -
Europe
04
12
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$979M (▲72.3%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$2.1B
13
1
27
3
Robotic Process Automation (Receipt Bank)
(# Cos: 129 | $2.5B)
Cognitive Automation (Automation Hero)
(# Cos: 50 | $2.1B)
Multi-Industry (Blue Prism)
(# Cos: 46 | $2.1B)
Multi-Function (UiPath)
(# Cos: 27 | $2.1B)
UiPath
(2005, $2.0B)
Blue Prism
(2001, $33.5M)
Automation Hero
(2017, $19.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
UiPath (2005)
$750M - Series F - Feb 2021
UiPath (2005)
$226M - Series E - Jul 2020
arago (1995)
$5.5M - Unattributed-Late - Aug 2020
Workist (2016)
$2.7M - Seed - Aug 2020

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Process Mining - Europe
05
13
Back to index
Business Process Management Software (Celonis)
(# Cos: 398 | $2.8B)
Process Mining (UiPath)
(# Cos: 16 | $2.3B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$976M (▲12.7%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.3B
9
1
16
3
UiPath
(2005, $2.0B)
Celonis
(2011, $370M)
Minit
(2015, $11.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
UiPath (2005)
$750M - Series F - Feb 2021
UiPath (2005)
$226M - Series E - Jul 2020

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Checkout.com (2012)
$450M - Series C - Jan 2021
PPRO (2006)
$180M - Series D - Jan 2021
Checkout.com (2012)
$150M - Series B - Jun 2020
PPRO (2006)
$50.0M - Series C - Aug 2020
Paysera (2004)
$8.6M - Series A - Jan 2021
NymCard (2016)
$7.6M - Series A - Jan 2021
Paynetics (2005)
$2.8M - Seed - Mar 2020
View all 9 Funding Rounds on Tracxn Platform
Payment Card Issuer Processors - Europe
06
14
Back to index
Payments (Curve)
(# Cos: 2935 | $12.1B)
Enablers (Mollie)
(# Cos: 502 | $8.4B)
Issuer Processor (Checkout.com)
(# Cos: 82 | $1.6B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$849M (▲269%)
9(▲800%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
21
$1.6B
32
3
82
7
Checkout.com
(2012, $830M)
Adyen
(2006, $266M)
Global Processing Serv..
(2007, $58.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Food Delivery - Europe
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$818M (▲41.9%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
24
$3.1B
39
1
181
2
Logistics Tech (Glovo)
(# Cos: 3703 | $7.8B)
Parcel (Yemek Sepeti)
(# Cos: 803 | $4.9B)
Hyperlocal Delivery (Lieferando)
(# Cos: 442 | $3.9B)
B2C (Deliveroo)
(# Cos: 374 | $3.3B)
Food (Foodpanda)
(# Cos: 181 | $3.1B)
Foodpanda
(2012, $318M)
Deliveroo
(2013, $2.7B)
Lieferando
(2009, $18.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Deliveroo (2013)
$636M - Series G - Aug 2020
Deliveroo (2013)
$180M - Series H - Jan 2021
Ziticity (2017)
$2.5M - Seed - Jun 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Logistics Tech > Parcel > Technology Enablers > Delivery
Management > Last Mile - Europe
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$740M (▲ >10K%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$758M
13
-
32
2
Logistics Tech (Deliveroo)
(# Cos: 3703 | $7.8B)
Parcel (Foodpanda)
(# Cos: 803 | $4.9B)
Technology Enablers (7Bridges)
(# Cos: 125 | $764M)
Delivery Management (Urbantz)
(# Cos: 111 | $763M)
Last Mile (Airmee)
(# Cos: 32 | $758M)
Airmee
(2016, $9.6M)
Urbantz
(2015, $10.1M)
Crossbay
(2020, $734M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Crossbay (2020)
$734M - Series D - Dec 2020
Airmee (2016)
$5.4M - Series A - Jun 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Investment Tech > Online Trading Platforms >
Stocks > Social Trading - Europe
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$650M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$881M
12
1
53
2
Investment Tech (IHS Markit)
(# Cos: 4623 | $9.4B)
Online Trading Platforms (BUX)
(# Cos: 1917 | $2.4B)
Stocks (Freetrade)
(# Cos: 567 | $2.0B)
Social Trading (eToro)
(# Cos: 53 | $881M)
eToro
(2007, $823M)
Ayondo
(2008, $19.8M)
ZuluTrade
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
eToro (2007)
$650M - Series F - Mar 2021

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
CureVac (2000)
$343M - Series F - Jun 2020
CureVac (2000)
$171M - Series F - Jul 2020
CureVac (2000)
$126M - Series F - Jul 2020
Novai (2019)
$636K - Seed - Jul 2020
Ophthalmology > Drugs > Retinal
Disorders - Europe
10
18
Back to index
Ophthalmology (Zeiss)
(# Cos: 244 | $2.5B)
Drugs (Molecular Partners)
(# Cos: 57 | $2.0B)
Retinal Disorders (CureVac)
(# Cos: 12 | $1.0B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$641M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.0B
6
2
12
0
CureVac
(2000, $975M)
Molecular Partners
(2004, $59.9M)
ViGeneron
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Lithium Ion Batteries - Europe
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$613M (▼40.3%)
4(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$2.2B
29
4
115
5
Energy Storage Tech (Delphi Automotive)
(# Cos: 1277 | $6.5B)
Battery (OXIS)
(# Cos: 225 | $2.4B)
Secondary Battery (Ilika)
(# Cos: 128 | $2.2B)
Lithium Ion (Northvolt)
(# Cos: 115 | $2.2B)
Northvolt
(2015, $1.8B)
Ilika
(2004, $8.0M)
OXIS
(2004, $97.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Northvolt (2015)
$600M - Series C - Sep 2020
InoBat Auto (2019)
$11.2M - Series B - Jul 2020
Nyobolt (2020)
$10.6M - Series A - Feb 2021
Aceleron (2018)
$2.6M - Series A - Jul 2020

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Customer Success Management > CPaaS
- Europe
12
20
Back to index
Customer Success Management (Infobip)
(# Cos: 473 | $1.3B)
CPaaS (Sinch)
(# Cos: 3 | $720M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$603M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$720M
3
-
3
2
Sinch
(2013, $12.0M)
Infobip
(2006, $408M)
MessageBird
(2011, $300M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infobip (2006)
$403M - Series A - Jul 2020
MessageBird (2011)
$200M - Series C - Oct 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Virtual Events - Europe
13
21
Back to index
Events Tech (Slido)
(# Cos: 1428 | $864M)
Online Events (Hopin)
(# Cos: 59 | $587M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$580M (▲8847%)
8(▲700%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$587M
8
-
59
3
Hopin
(2019, $572M)
CogX
(2020, $1.1M)
Eventmaker
(2009, $1.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hopin (2019)
$400M - Series C - Mar 2021
Hopin (2019)
$125M - Series B - Nov 2020
Hopin (2019)
$40.0M - Series A - Jun 2020
Wonder (2020)
$11.0M - Series A - Dec 2020
Eventmaker (2009)
$1.4M - Angel - May 2020
Wonder (2020)
$1.2M - Seed - Sep 2020
HeySummit (2018)
$1.0M - Seed - Oct 2020
View all 8 Funding Rounds on Tracxn Platform

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Cheminformatics for Drug Discovery -
Europe
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$521M (▲282%)
10(▲11.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.1B
43
3
86
5
Life Sciences Tech (Siemens Healthineers)
(# Cos: 1005 | $2.6B)
Research & Development (Elsevier)
(# Cos: 798 | $2.4B)
Drug Discovery (Qiagen)
(# Cos: 233 | $1.5B)
Cheminformatics (ATAI)
(# Cos: 86 | $1.1B)
ATAI
(2018, $387M)
Oxford Drug Design
(2001, $7.3M)
TOLREMO therapeutics
(2017, $16.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ATAI (2018)
$157M - Series D - Mar 2021
ATAI (2018)
$125M - Series C - Nov 2020
Exscientia (2012)
$100M - Series C - Mar 2021
Exscientia (2012)
$60.0M - Series C - May 2020
Owkin (2016)
$25.0M - Series A - May 2020
ATAI (2018)
$24.0M - Series B - Apr 2020
Owkin (2016)
$18.0M - Series A - Jun 2020
View all 10 Funding Rounds on Tracxn Platform

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Flying Cars > Non Hybrid Vehicles -
Europe
15
23
Back to index
Flying Cars (Lilium)
(# Cos: 27 | $775M)
Non Hybrid Vehicles (Volocopter)
(# Cos: 15 | $764M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$515M (▲440%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$764M
4
-
15
2
Volocopter
(2011, $388M)
Lilium
(2015, $375M)
Passenger Drone
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volocopter (2011)
$241M - Series D - Mar 2021
Lilium (2015)
$240M - Series C - Mar 2020
Lilium (2015)
$35.0M - Series C - Jun 2020

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series E - Mar 2021
Snyk (2015)
$200M - Series D - Sep 2020
intigriti (2016)
$4.6M - Series A - Jun 2020
Code Intelligence (2017)
$2.3M - Seed - Jun 2020
Debricked (2018)
$2.0M - Seed - Jun 2020
Security Testing - Europe
16
24
Back to index
Software Testing Tools (Tricentis)
(# Cos: 538 | $1.3B)
Testing Types (Snyk)
(# Cos: 196 | $977M)
Security Testing (Veracode)
(# Cos: 51 | $897M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$509M (▲124%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$897M
23
1
51
5
Veracode
(2006, $107M)
Snyk
(2015, $769M)
intigriti
(2016, $4.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Snyk (2015)
$300M - Series E - Mar 2021
Snyk (2015)
$200M - Series D - Sep 2020
Code Intelligence (2017)
$2.3M - Seed - Jun 2020
Debricked (2018)
$2.0M - Seed - Jun 2020
Cyber Vulnerability Assessment
Platforms - Europe
17
25
Back to index
Cybersecurity (Sophos)
(# Cos: 3434 | $7.5B)
Application Security (Snyk)
(# Cos: 92 | $954M)
Vulnerability Assessment (Veracode)
(# Cos: 51 | $891M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$500M (▲125%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$891M
24
1
51
4
Veracode
(2006, $107M)
Snyk
(2015, $769M)
TrustInsoft
(2012, $6.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Online Second Hand Car Dealers -
Europe
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$470M (▲572%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$636M
8
-
23
3
Auto E-Commerce & Content (Zego)
(# Cos: 1577 | $3.4B)
Second Hand Vehicles (Frontier Car Group)
(# Cos: 494 | $2.1B)
Cars (Carwow)
(# Cos: 385 | $2.1B)
Online Dealer (Cazoo)
(# Cos: 23 | $636M)
Cazoo
(2018, $579M)
brumbrum
(2016, $35.2M)
Aramisauto
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cazoo (2018)
$311M - Series E - Oct 2020
Cazoo (2018)
$116M - Series D - Mar 2020
Cazoo (2018)
$31.0M - Series D - Jun 2020
Spotawheel (2015)
$11.9M - Series B - Sep 2020

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Music Tech > Music Artist IT > Copyrights Management >
Licensing Marketplace - Europe
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$455M (▲1995%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$497M
4
1
5
2
Music Tech (Spotify)
(# Cos: 1461 | $4.7B)
Music Artist IT (Soundtrap)
(# Cos: 494 | $852M)
Copyrights Management (Epidemic
Sound)
(# Cos: 16 | $500M)
Licensing Marketplace (7digital)
(# Cos: 5 | $497M)
7digital
(2004, $14.3M)
Epidemic Sound
(2009, $476M)
Tracklib
(2014, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Epidemic Sound (2009)
$450M - Series D - Mar 2021
Tracklib (2014)
$4.5M - Series A - Jun 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
OneWeb (2012)
$400M - Series E - Jan 2021
OneWeb (2012)
$50.0M - Series D - Jul 2020
OneWeb (2012)
Undisclosed - Series D - Jul 2020
SatADSL (2011)
Undisclosed - Series A - Nov 2020
Satellite Communication Services -
Europe
20
28
Back to index
NewSpace (Avio)
(# Cos: 295 | $5.3B)
Space Services (ICEYE)
(# Cos: 85 | $4.7B)
Communication (SES Satellites)
(# Cos: 35 | $4.5B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$450M (▼64.3%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$4.5B
14
3
35
1
SES Satellites Inmarsat OneWeb
(2012, $3.4B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Online Grocery > B2C Ecommerce > Multi Category > Retailer
> Own Delivery Fleet - Europe
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$437M (▲59%)
15(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.1B
53
3
156
12
Online Grocery (Naked Wines)
(# Cos: 2242 | $3.6B)
B2C Ecommerce (HelloFresh)
(# Cos: 1915 | $3.3B)
Multi Category (Glovo)
(# Cos: 603 | $2.1B)
Retailer (Farmy)
(# Cos: 424 | $1.1B)
Own Delivery Fleet (Ocado)
(# Cos: 156 | $1.1B)
Ocado Farmy
(2014, $11.1M)
Picnic
(2015, $329M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rohlik Group (2014)
$229M - Series D - Mar 2021
Flink (2014)
$52.0M - Seed - Mar 2021
Gorillas (2018)
$44.0M - Series A - Nov 2020
Crisp (2018)
$36.2M - Series B - Mar 2021
Dija (2020)
$27.3M - Seed - Dec 2020
Weezy (2019)
$20.0M - Series A - Jan 2021
La Belle Vie (2014)
$12.7M - Series B - May 2020
View all 15 Funding Rounds on Tracxn Platform

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rentals -
Europe
22
30
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$412M (▲62.3%)
6(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$834M
11
-
52
4
Electric Vehicles (Rimac Automobili)
(# Cos: 2502 | $4.7B)
Vehicle as a Service (Voi)
(# Cos: 350 | $1.2B)
Kick Scooters (TIER)
(# Cos: 87 | $835M)
Free Float (Dott)
(# Cos: 52 | $834M)
Dott
(2018, $56.9M)
TIER
(2018, $383M)
Voi
(2018, $304M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TIER (2018)
$250M - Series C - Nov 2020
Voi (2018)
$107M - Series C - Dec 2020
Voi (2018)
$29.7M - Series B - Jul 2020
MARTI (2018)
$25.0M - Series B - Jul 2020
Zipp Mobility (2019)
$598K - Angel - Sep 2020
Zipp Mobility (2019)
$337K - Seed - Jun 2020

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Data Privacy Management Platforms -
Europe
23
31
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$402M (▼12.7%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$938M
44
-
217
4
GRC Software (Featurespace)
(# Cos: 1266 | $3.1B)
Compliance (Fenergo)
(# Cos: 763 | $2.0B)
IT Compliance (OneTrust)
(# Cos: 247 | $1.2B)
Data Privacy (Privitar)
(# Cos: 217 | $938M)
Privitar
(2015, $174M)
OneTrust
(2016, $721M)
Hazy
(2017, $2.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OneTrust (2016)
$300M - Series C - Dec 2020
Privitar (2015)
$87.0M - Series C - Apr 2020
OneTrust (2016)
$10.9M - Series B - Jul 2020
Metomic (2018)
$3.8M - Series A - Apr 2020
Dataships (2018)
$589K - Seed - Nov 2020
Datavillage (2018)
Undisclosed - Seed - Jan 2021
Statice (2018)
Undisclosed - Series A - Mar 2021

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
OneTrust (2016)
$300M - Series C - Dec 2020
Privitar (2015)
$87.0M - Series C - Apr 2020
OneTrust (2016)
$10.9M - Series B - Jul 2020
Sarus (2019)
$2.2M - Seed - Apr 2020
Dataships (2018)
$589K - Seed - Nov 2020
Cybersecurity > Data Security > Data
Privacy - Europe
24
32
Back to index
Cybersecurity (Sophos)
(# Cos: 3434 | $7.5B)
Data Security (Unify)
(# Cos: 827 | $1.4B)
Data Privacy (Privitar)
(# Cos: 100 | $899M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$401M (▼13%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$899M
20
-
100
2
Privitar
(2015, $174M)
OneTrust
(2016, $721M)
Sarus
(2019, $2.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
P2P Bank Remittance - Europe
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$338M (▼38.6%)
4(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$1.7B
34
1
200
8
Remittance (Ebury)
(# Cos: 645 | $2.3B)
Internet First Platforms (Azimo)
(# Cos: 521 | $2.1B)
P2P Remittance (WorldRemit)
(# Cos: 337 | $1.9B)
Banking Channels (TransferWise)
(# Cos: 200 | $1.7B)
TransferWise
(2010, $1.0B)
WorldRemit
(2010, $394M)
Azimo
(2012, $68.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TransferWise (2010)
$319M - Series F - Jul 2020
TransferGo (2012)
$10.0M - Series C - Jun 2020
Paysera (2004)
$8.6M - Series A - Jan 2021
Sokin (2019)
Undisclosed - Angel - Feb 2021

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Sweep (2017)
$329M - Seed - Nov 2020
Okarito (2018)
$2.4M - Seed - Jul 2020
Sweep (2017)
$341K - Seed - Dec 2020
Corporate Travel - Europe
26
34
Back to index
Online Travel (GetYourGuide)
(# Cos: 4497 | $8.0B)
Corporate Travel (Spendesk)
(# Cos: 156 | $708M)
Horizontal (TravelPerk)
(# Cos: 45 | $539M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$331M (▲197%)
3(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$539M
18
-
45
5
TravelPerk
(2015, $135M)
Comtravo
(2015, $43.1M)
Click Travel
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Cab Ride-Hailing - Europe
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$315M (▲154%)
3(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
22
$1.4B
76
-
606
13
Road Transport Tech (FlixBus)
(# Cos: 3992 | $6.2B)
Ride Hailing (iCabbi)
(# Cos: 1071 | $1.5B)
Cars (Kapten)
(# Cos: 1058 | $1.5B)
Taxi (FREE NOW)
(# Cos: 1042 | $1.5B)
Intracity (Cabify)
(# Cos: 871 | $1.5B)
Aggregator (Bolt)
(# Cos: 606 | $1.4B)
Bolt
(2013, $559M)
Cabify
(2011, $407M)
FREE NOW
(2009, $30.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bolt (2013)
$182M - Series D - Dec 2020
Bolt (2013)
$109M - Series D - May 2020
Bolt (2013)
$24.2M - Series D - Mar 2021

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
PatSnap (2007)
$300M - Series E - Mar 2021
IPRally (2016)
$2.5M - Seed - Jan 2021
Patent Analytics & Management -
Europe
28
36
Back to index
Legal Tech (Wolters Kluwer)
(# Cos: 1253 | $1.1B)
Intellectual Property (IP) Management
(TrademarkNow)
(# Cos: 123 | $519M)
Patent Analytics & Management
(PatSnap)
(# Cos: 34 | $363M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$303M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$363M
12
-
34
1
PatSnap
(2007, $352M)
IPlytics octimine technologies
(2012, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Shopping Cart solutions for B2B E-
Commerce - Europe
29
37
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$300M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$519M
13
1
29
1
B2B E-Commerce (AUTO1.com)
(# Cos: 1115 | $2.2B)
Technology Enablers (inRiver)
(# Cos: 222 | $733M)
Shopping Cart (iMediation)
(# Cos: 32 | $519M)
Proprietary (Mirakl)
(# Cos: 29 | $519M)
Mirakl
(2012, $400M)
iMediation
(1998, $88.5M)
Venda
(2001, $26.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mirakl (2012)
$300M - Series D - Sep 2020

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Online Grocery Delivery Marketplace -
Europe
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$300M (▼26.7%)
6(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$950M
41
-
110
6
Online Grocery (Naked Wines)
(# Cos: 2242 | $3.6B)
B2C Ecommerce (HelloFresh)
(# Cos: 1915 | $3.3B)
Multi Category (Ocado)
(# Cos: 603 | $2.1B)
Marketplace (FarmDrop)
(# Cos: 177 | $1.0B)
Own Delivery Fleet (Glovo)
(# Cos: 110 | $950M)
Glovo
(2015, $633M)
Supermercato24
(2014, $31.0M)
Buymie
(2015, $13.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Getir (2015)
$128M - Series B - Jan 2021
Glovo (2015)
$121M - Series E - Jan 2021
Cortilia (2011)
$41.5M - Series C - Jan 2021
Buymie (2015)
$6.5M - Series A - Jun 2020
Buymie (2015)
$2.4M - Series A - Apr 2020
Vembali (2019)
$698K - Angel - Nov 2020

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Diversified Diagnostics > Tests - Europe
31
39
Back to index
Diversified Diagnostics (Roche)
(# Cos: 659 | $1.3B)
Tests (Hologic)
(# Cos: 659 | $1.3B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$296M (▲271%)
16(▲45.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
47
$1.3B
212
40
659
20
Hologic Roche Philips
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SOPHiA GENETICS (2011)
$110M - Series F - Oct 2020
LetsGetChecked (2014)
$71.1M - Series C - May 2020
Congenica (2013)
$50.0M - Series C - Nov 2020
MedLumics (2009)
$21.2M - Series E - Oct 2020
miDiagnostics (2015)
$15.3M - Series B - Mar 2020
Izon Science (2005)
$10.5M - PE - Jul 2020
Quibim (2012)
$9.2M - Seed - Jul 2020
View all 16 Funding Rounds on Tracxn Platform

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Alternative Lending > Online Lenders > Consumer Loans >
Personal Loans > Marketplace > P2P - Europe
32
40
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$294M (▲62.7%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$739M
17
-
56
4
Alternative Lending (SalaryFinance)
(# Cos: 1948 | $9.6B)
Online Lenders (Celsius Network)
(# Cos: 1368 | $8.6B)
Consumer Loans (Klarna)
(# Cos: 631 | $5.8B)
Personal Loans (FinFrog)
(# Cos: 183 | $1.1B)
Marketplace (Fintonic)
(# Cos: 106 | $976M)
P2P (Auxmoney)
(# Cos: 56 | $739M)
Auxmoney
(2007, $223M)
Zopa
(2005, $358M)
Lending Works
(2012, $13.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Auxmoney (2007)
$179M - Series F - Sep 2020
Lendify Sweden (2014)
$115M - Series D - Oct 2020

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Second Hand Luxury Fashion
Consignment Platforms - Europe
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$290M (▲520%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$469M
5
-
15
4
Second Hand Goods (Avito)
(# Cos: 800 | $2.9B)
Fashion (CHRONEXT)
(# Cos: 156 | $863M)
Horizontal (Vinted)
(# Cos: 99 | $699M)
Consignment (Rebelle)
(# Cos: 19 | $470M)
Luxury (Vestiaire Collective)
(# Cos: 15 | $469M)
Vestiaire Collective
(2009, $457M)
Rebelle Cudoni
(2015, $8.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vestiaire Collective (2009)
$216M - Series F - Mar 2021
Vestiaire Collective (2009)
$64.2M - Series F - Apr 2020
Cudoni (2015)
$6.0M - Series A - Oct 2020
Luxury Promise (2016)
$3.8M - Series A - Apr 2020

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Platforms and Tools > Research
Services - Europe
34
42
Back to index
Life Sciences Platforms and Tools (Zeiss)
(# Cos: 2845 | $6.9B)
Research Services (Horizon Discovery)
(# Cos: 1407 | $4.1B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$286M (▼36.7%)
40(▼29.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
117
$4.1B
699
51
1407
43
Horizon Discovery
(2007, $46.3M)
OXGENE
(2011, $22.0M)
Syngenta
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Univercells (2013)
$85.2M - Series C - Dec 2020
Bit bio (2016)
$41.5M - Series A - Jun 2020
Tropic Biosciences (2016)
$28.5M - Series B - Jun 2020
Avectas (2011)
$20.0M - Series C - Apr 2020
Memo Therapeutics (2012)
$15.4M - Series B - Nov 2020
Araris (2019)
$14.0M - Seed - Oct 2020
Tubulis Technologies (2015)
$12.2M - Series A - Jul 2020
View all 40 Funding Rounds on Tracxn Platform

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Lilium (2015)
$240M - Series C - Mar 2020
Lilium (2015)
$35.0M - Series C - Jun 2020
Electric Vertical Takeoff and Landing
Aircraft - Europe
35
43
Back to index
Aerospace Tech (Thales)
(# Cos: 138 | $519M)
Electric Aircraft (Faradair)
(# Cos: 24 | $381M)
Vertical Take off and Landing (Lilium)
(# Cos: 16 | $379M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$275M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$379M
5
-
16
1
Lilium
(2015, $375M)
Faradair
(2014, $47.3K)
AeroMobil
(2010, $3.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Blockchain (2011)
$120M - Series C - Feb 2021
Bitcoin Suisse (2013)
$48.5M - Series A - May 2020
Oxygen (2001)
$40.0M - Series C - Feb 2021
Bitwala (2013)
$17.9M - Series B - Nov 2020
Crypto Finance (2017)
$14.5M - Series B - Apr 2020
Zumo (2019)
$13.3M - Series A - Nov 2020
BCB GROUP (2018)
$4.5M - Series A - Mar 2021
View all 12 Funding Rounds on Tracxn Platform
Cryptocurrencies > Financial Services >
Diversified - Europe
36
44
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Cryptocurrencies (Ledger)
(# Cos: 4858 | $1.8B)
Financial Services (Binance)
(# Cos: 3319 | $1.3B)
Diversified (Blockchain)
(# Cos: 217 | $388M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$262M (▲1238%)
11(▲120%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$388M
38
1
217
8
Blockchain
(2011, $190M)
Crypto Finance
(2017, $37.3M)
Zumo
(2019, $16.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Core Banking Platforms - Europe
37
45
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Banking Tech (Revolut)
(# Cos: 1590 | $10.9B)
Core Banking Platforms (Thought Machine)
(# Cos: 59 | $788M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$240M (▲189%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$788M
17
-
59
6
Thought Machine
(2014, $149M)
Avaloq
(1985, $301M)
Mambu
(2011, $180M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mambu (2011)
$135M - Series D - Jan 2021
Thought Machine (2014)
$42.0M - Series B - Jul 2020
TagPay (2005)
$30.7M - Series C - Dec 2020
Five Degrees (2010)
$26.8M - Series B - Dec 2020
Modularbank (2002)
$4.8M - Seed - Dec 2020

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Online Cryptocurrency Trading
Platforms - Europe
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$225M (▲781%)
6(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$309M
23
-
556
4
Cryptocurrencies (Ledger)
(# Cos: 4858 | $1.8B)
Financial Services (Blockchain)
(# Cos: 3319 | $1.3B)
Investment Industry (Binance)
(# Cos: 2477 | $564M)
Online Trading Platforms (Bitpanda)
(# Cos: 860 | $313M)
Regular Trading (BUX)
(# Cos: 556 | $309M)
BUX
(2014, $35.0M)
Bitpanda
(2014, $222M)
Capital
(2016, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bitpanda (2014)
$170M - Series B - Mar 2021
Bitpanda (2014)
$52.0M - Series A - Sep 2020
Oddz (2020)
$2.6M - Seed - Feb 2021
TabTrader (2013)
Undisclosed - Seed - Jun 2020
Bitpanda (2014)
Undisclosed - Seed - Apr 2020
Emirex (2014)
Undisclosed - Seed - Oct 2020

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Customer Service Software - Europe
39
47
Back to index
Customer Service Software (Nuance)
(# Cos: 1144 | $1.8B)
Suite (MessageBird)
(# Cos: 35 | $477M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$220M (▲3238%)
3(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$477M
15
1
35
5
MessageBird
(2011, $300M)
Netcall Ultimate
(2014, $28.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MessageBird (2011)
$200M - Series C - Oct 2020
Anywhere365 (2016)
$21.6M - PE - May 2020
Ultimate (2014)
$20.0M - Series A - Dec 2020

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Food Tech > Novel Foods > Food Products > Dairy Substitute
> Plant Based - Europe
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$207M (▲5646%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$253M
11
-
19
3
Food Tech (Delivery Hero)
(# Cos: 2554 | $8.7B)
Novel Foods (Solar Foods)
(# Cos: 152 | $488M)
Food Products (Mosa Meat)
(# Cos: 126 | $449M)
Dairy Substitute (Noquo Foods)
(# Cos: 19 | $253M)
Plant Based (Oatly)
(# Cos: 19 | $253M)
Oatly
(1997, $233M)
Noquo Foods
(2019, $3.6M)
Coconut Collaborative
(2014, $7.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oatly (1997)
$200M - Series C - Jul 2020
Coconut Collaborative (2014)
$7.0M - Series A - Apr 2020
Devon Garden (2019)
Undisclosed - Seed - Nov 2020
Nobo (2012)
Undisclosed - Seed - Mar 2021

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Marketing Analytics - Europe
41
49
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$196M (▲3814%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$396M
9
-
20
4
Big Data Analytics (Featurespace)
(# Cos: 671 | $2.4B)
Enterprise Solutions (Actual Experience)
(# Cos: 158 | $628M)
Sales & Marketing (Talkwalker)
(# Cos: 116 | $501M)
Marketing (ContentSquare)
(# Cos: 107 | $491M)
Horizontal (AMPLYFI)
(# Cos: 20 | $396M)
AMPLYFI
(2015, $11.8M)
ContentSquare
(2012, $312M)
NGDATA
(2012, $44.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ContentSquare (2012)
$190M - Series D - May 2020
AMPLYFI (2015)
$5.7M - Series A - Apr 2020

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
NodThera (2016)
$55.0M - Series B - Jun 2020
Immune Regulation (2011)
$52.4M - Series B - Sep 2020
Resolution Therapeutics (2017)
$35.6M - Series A - Dec 2020
Gesynta Pharma (2017)
$21.7M - Series B - Sep 2020
sterna biologicals (2006)
$13.1M - Series A - Apr 2020
sterna biologicals (2006)
$12.3M - Series A - Jan 2021
Origo Biopharma (2017)
$2.6M - Seed - Jul 2020
Inflammatory Diseases Drugs - Europe
42
50
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Immunology (Galapagos)
(# Cos: 236 | $2.9B)
Drugs (DBV Technologies)
(# Cos: 184 | $2.8B)
Inflammatory Diseases (Inflazome)
(# Cos: 55 | $829M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$193M (▲57.6%)
7(▼30%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$829M
43
1
55
7
Inflazome
(2016, $65.0M)
Inotrem
(2013, $123M)
NodThera
(2016, $95.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Second Hand Goods > Multi Category >
Marketplace > Mobile-first - Europe
43
51
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$191M (▲208%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$365M
8
-
14
2
Second Hand Goods (Olx)
(# Cos: 800 | $2.9B)
Multi Category (Avito)
(# Cos: 145 | $585M)
Marketplace (Depop)
(# Cos: 40 | $365M)
Mobile-first (Wallapop)
(# Cos: 14 | $365M)
Wallapop
(2013, $262M)
Depop
(2011, $100M)
GiveAway
(2019, $150K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wallapop (2013)
$191M - Series G - Feb 2021
GiveAway (2019)
$150K - Seed - Jul 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Catawiki (2008)
$182M - Series D - Dec 2020
Second Hand Goods > Collectibles >
Auctions - Europe
44
52
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Second Hand Goods (Avito)
(# Cos: 800 | $2.9B)
Collectibles (Barnebys)
(# Cos: 13 | $390M)
Auctions (Catawiki)
(# Cos: 4 | $379M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$182M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$379M
4
-
4
1
Catawiki
(2008, $277M)
CharityStars
(2013, $3.8M)
Auctionata
(2012, $98.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Diversified Pharmaceuticals > Drugs -
Europe
45
53
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Diversified Pharmaceuticals (Merck)
(# Cos: 307 | $4.4B)
Drugs (GSK)
(# Cos: 307 | $4.4B)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$181M (▼22.5%)
11( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
42
$4.4B
185
52
307
16
GSK Merck Jazz Pharmaceuticals
(2003, $265M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Enterome (2011)
$52.3M - Series E - Jun 2020
Biose (2013)
$34.2M - Series C - Jul 2020
AM-Pharma (2001)
$25.4M - Series F - Mar 2020
Memo Therapeutics (2012)
$15.4M - Series B - Nov 2020
Mission Therapeutics (2011)
$15.0M - Series D - Jul 2020
GeneQuine (2012)
$9.9M - Series A - Jan 2021
DJS Antibodies (2014)
$8.0M - Series A - Dec 2020
View all 11 Funding Rounds on Tracxn Platform

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Mollie (2004)
$106M - Series B - Sep 2020
Paddle (1998)
$68.0M - Series C - Nov 2020
BR-DGE (2018)
$3.3M - Series A - Aug 2020
Payment Routing Solution Provider -
Europe
46
54
Back to index
Payments (Curve)
(# Cos: 2936 | $12.1B)
Enablers (Checkout.com)
(# Cos: 502 | $8.4B)
Payment Routing (Mollie)
(# Cos: 15 | $234M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$178M (▲528%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$234M
7
-
15
2
Mollie
(2004, $136M)
Paddle
(1998, $93.0M)
ProcessOut
(2014, $2.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Usage Based Auto Insurance - Europe
47
55
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$174M (▲168%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$261M
13
-
33
4
Auto E-Commerce & Content (Oodle Car Finance)
(# Cos: 1577 | $3.4B)
Insurance (Cuvva)
(# Cos: 115 | $480M)
Internet First Insurer (By Miles)
(# Cos: 60 | $326M)
Usage Based (Zego)
(# Cos: 33 | $261M)
Zego
(2016, $202M)
By Miles
(2016, $26.7M)
Cuvva
(2014, $21.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zego (2016)
$150M - Series C - Mar 2021
By Miles (2016)
$18.6M - Series B - May 2020
Omocom (2017)
$4.0M - Series A - May 2020
Hellocristo.hu (2016)
$1.3M - Seed - Jun 2020
My Policy (2010)
Undisclosed - Seed - Feb 2021

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Nanopore (2005)
$110M - Series G - Oct 2020
Nanopore (2005)
$60.0M - Series G - May 2020
High-Throughput DNA Sequencing
Instruments - Europe
48
56
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Biotech R&D (Abcam)
(# Cos: 470 | $2.3B)
Instrument Systems (Zeiss)
(# Cos: 53 | $1.3B)
HT Sequencing Platforms (Nanopore)
(# Cos: 1 | $991M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$170M (▲136%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$991M
1
-
1
1
Nanopore
(2005, $991M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
Nanopore Sequencing - Europe
49
57
Back to index
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$170M (▲136%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.0B
6
-
10
1
Nanotechnology (Nanobiotix)
(# Cos: 841 | $2.7B)
Nanotools (M Squared)
(# Cos: 178 | $1.4B)
Genomics (Silence Therapeutics)
(# Cos: 23 | $1.2B)
DNA Sequencing (Nanopore)
(# Cos: 10 | $1.0B)
Nanopore
(2005, $991M)
HelixNano
(2013, $120K)
DNA Electronics
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nanopore (2005)
$110M - Series G - Oct 2020
Nanopore (2005)
$60.0M - Series G - May 2020

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
Recent Funding Rounds
INFARM (2013)
$170M - Series C - Sep 2020
Natufia Labs (2014)
$3.5M - Series A - Feb 2021
Indoor Hydroponics Farming - Europe
50
58
Back to index
Crop Tech (Limagrain)
(# Cos: 2162 | $2.0B)
Indoor Farming (Phytoponics)
(# Cos: 191 | $585M)
Hydroponics (INFARM)
(# Cos: 127 | $527M)
Taxonomy
$ Invested in last 1 year in Europe Tech
Key Stats
# Funding Rounds in last 1 year in
Europe Tech
$170M (▲56.9%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$527M
25
1
127
3
INFARM
(2013, $400M)
Phytoponics
(2016, $1.3M)
Natufia Labs
(2014, $4.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Europe Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Investment Trends
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61. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Europe Tech - Top Business Models Report
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