The rise of European SaaS: apply now to be included in the Accel Euroscape 2019


This post is by Philippe Botteri from Cracking The Code



-This article was co-authored with my colleague Maxim Filippov and published initially on Tech.eu.
Nominations are now open for the 2019 Accel Euroscape, the annual list of the top 100 cloud companies originating from Europe & Israel. You can apply HERE – applications will be open until 6th September 2019.
The growth of the cloud ecosystem in Europe over the past few years has been explosive. We first started capturing the growing momentum in 2016 with our list of the top European SaaS companies emerging from Europe.
Fast forward three years – Europe has proven that it can produce amazing global software companies. For example, UiPath, the leading Robotic Process Automation company from Romania, valued at $7 billion, may well be one of the fastest-growing enterprise software companies of the decade, with revenues growing from $5 million to $200 million in around 30 months.
In just the past couple of years, companies from our 2017 Top 100 list have raised $4.6 billion, including several nine-figure rounds with UiPath ($568 million and $225 million both in 2019), Doctolib ($174 million in 2019) and Jfrog ($165 million in 2018). These financings have generated seven new unicorns, including UiPath, Darktrace, Doctolib, Intercom, TalkDesk, Celonis and WalkMe.
As researched by Tech.eu alongside Stripe, the SaaS category consistently ranks in the top 3 for funding in Europe, both for early-stage startups (more than €800 million invested from 2015 to Q2 2018) and growth-stage scale-ups (€2.5 billion+ invested from 2016 to 2018).