while a valuation can tell you a lot about the potential of a company and how it is perceived by VCs, it doesn’t necessarily say very much about the performance of the business to date.
Origen: Dealroom Scaleup Ranking Shifts Focus From Valuation To Revenue
Unicorns – once a rare and elusive species – are now roaming the European tech ecosystem in ever-increasing numbers, their billion-dollar-plus valuations a badge of achievement for both founders and investors. But while a valuation can tell you a lot about the potential of a company and how it is perceived by VCs, it doesn’t necessarily say very much about the performance of the business to date.So step forward a new and perhaps less mythical creature, namely the “thoroughbred.”
As defined in a new list of the EMEA region’s top fast-growth tech companies, thoroughbreds are defined by market intelligence provider Dealroom as businesses that have generated $100 million in revenue over the last year.
According to Dealroom, the companies in its Thoroughbred 100 list collectively employ 367,000 people across the region and have generated $168 billion in revenues in the last twelve months.