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Our co-founder Saul Klein's op-ed in WIRED today highlights the huge potential of Europe's tech and innovation economy to build the companies that can be Europe’s future champions 🏆 Here at Phoenix Court, we've been investing in waves of innovation for more than two decades. It’s the next 20 years when it gets really interesting 📈 Key takeaways: ➡️ Move over Unicorns, Thoroughbreds are here: Europe is home to 507 "Thoroughbreds" – companies generating over $100M+ in annual revenue, building sustainable success ➡️ New Palo Alto is at the heart of this opportunity: A cluster of interconnected cities, including Amsterdam, and Paris, all within five hours of London producing EMEA’s most exciting companies ➡️ The scale-up capital gap: Despite strong early-stage investment, European startups face a $30B funding shortfall to scale their businesses effectively ➡️ Government support: The UK and France are leading the way but no innovation ever became great because of policy alone There is an opportunity to build an alternative model of innovation here in New Palo Alto at the heart of Europe - one that is sustainable and shares the benefits of innovation more equally. Read more here: https://lnkd.in/gxikXCnV With thanks to Greg Williams and Amit Katwala at WIRED for the opportunity and to Yoram Wijngaarde and Dealroom.co for the data!
