Finovate Alums Make Tech Tour’s 50 High Growth European Companies

Tech Tour recognized seven Finovate alums in its 2016 Tech Tour Growth 50 (TTG50), a roster of the fastest growing technology companies in Europe. Making this year’s cut were:

• Algomi 
• Currency Cloud 
• eToro 
• Feedzai 
• Fenergo 
• Kreditech
• Tradeshift

Managing Director of The Tech Tour William Stevens said that recognizing these companies was important in a world otherwise focused on “the billion dollar unicorn successes.” He pointed out that the Tech Tour Growth 50 companies had “created over 8,000 high-tech jobs, attracted over $3.5 billion of investment and have an estimated combined valuation of $14.2 billion.” “This is a clear demonstration of Europe’s strength, potential and competitiveness in scaling-up tech businesses,” Stevens said. A few additional metrics on the companies of the 2016 Tech Tour Growth 50:

• 90%: percent founded in the last 10 years.
• 22 months: the average time from formation to first funding
• 66%: percent with at least one U.S. investor

This year’s list was chosen by a selection committee chaired by Jean-Michel Deligny, Managing Director of Silverpeak Investment Bank. Serving on the committee were representatives of:

• Accel Partners
• Amadeus Capital Partners
• Bank of America Merrill Lynch
• DN Capital
• Earlybird
• Highland Capital Partners Europe
• Idinvest Partners
• The World Economic Forum.

Companies for the TTTG50 were chosen based on “innovation potential, management team, and pedigree,” as well as factors like sales growth.  Candidates were required to have a minimum of €10 million in revenue, €20 million in total funding, and a valuation of at least €100 million but less than €1 billion. The Tech Tour was founded in 1998 and is based in Geneva, Switzerland.