2021年科技巨头报告（英）-GP Bullhound.docxVIP

CONTENTS CONTENTS Contents 04 THE VIEW FROM GP BULLHOUND 06 CHAPTER 1 Pandemic propels European ecosystem EXPERT VIEW Silvio Kutic, Infobip EXPERT VIEW Richard Wilson, Barry Bicknell, Interactive Investor CHAPTER 2 Sector insights EXPERT VIEW Fanny Moizant, Vestiaire Collective EXPERT VIEW Miki Kuusi, Wolt  38 CHAPTER 3 Europe’s next generation 44 CHAPTER 4 Blizzard of activity in 2021 49 EXPERT VIEW Anne Boden, Starling Bank 50 CHAPTER 5 Doubling of $50bn+ companies globally 54 METHODOLOGY 58 DISCLAIMER This research report is provided for use by the intended recipient for information purposes only It is prepared on the basis that the recipients are sophisticated investors with a high degree of financial knowledge See the end of this report for full disclosures 3 THE VIEW FROM GP BULLHOUND THE VIEW FROM GP BULLHOUND The view FROM GP BULLHOUND MANISH MADHVANI ALON KUPERMAN IMAN CRISBY MANAGING PARTNER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR MARKETING ADAM PAGE JENNIFER ELLER CARLOS DE LA ESPERANZA VICE PRESIDENT VICE PRESIDENT RESEARCH JULIEN LéZé MARIA LAZAREVA ANALYST RESEARCH ANALYST ASSOCIATE 4 THE VIEW FROM GP BULLHOUND THE VIEW FROM GP BULLHOUND 20 YEARS WORTH OF SHAREHOLDER VALUE IN ONE YEAR The star sector of the pandemic was undoubtedly technology, helping the industry evolve from a period of cross-examination over its influence and use of personal data European tech companies stepped up and kept lives moving by providing solutions for food delivery, ed-tech, med-tech, entertainment, home working, and virtual conferences The pressing need for essential services fuelled unprecedented innovation, accelerating consumer adoption in many sub-sectors by five years Mega-rounds with record investment in the sector have rapidly created Unicorns, such as Gorillas (on-demand food delivery) in less than one year, as well as Hopin (virtual events) and Cazoo (online car retailer) THE $801BN ECOSYSTEM 52 companies became Unicorns this year, and o