Michal Laube

🚀 I am happy announce that I am joining the Board of Directors at zypl.ai as a Board Observer, representing MoreThan Capital, an early investor in ZYPL. Looking forward to collaborating with board members Giovanni and David and the talented team led by Azizjon Azimi. 🌟 Journey till so far: zypl.ai has demonstrated significant initial growth with credit decisioning software now adopted by 25 financial institutions across eight global markets. This software has been instrumental in underwriting both retail and SME loans. I am optimistic about the future as we continue to leverage proprietary generative AI technologies to craft robust, future-proof credit scoring models and make an impact in the fintech world. 🔍 Innovation at Its Core: Originating from Stanford University's Startup Garage and further accelerated by Google for Startups, ZYPL is pioneering advancements in credit scoring. By leveraging synthetic data to enhance existing datasets, the goal is to transform credit scoring and equip banks and credit unions with the tools needed for sharper, more accurate credit risk assessments. #Innovation #CreditScoring #AI #Fintech #ZYPL #transformation

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Europe's tech market has some catching up to do. #eu #techmarket #technology #techcompanies #marketvalue #financing #growthcapital #scaleups #commercialisation

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🚀 SHEIN Reports 40% Revenue Increase and Eyes London IPO Cross-border e-commerce giant SHEIN achieved a 40% revenue increase last year, reaching $32.2 billion, with net profits soaring to $1.6 billion. This significant growth underscores SHEIN's resilience in a competitive market. Reports indicate that SHEIN is planning to file a confidential IPO application in London, aiming to raise over £1 billion. This move follows regulatory challenges in the U.S. and signals SHEIN's strategic pivot to the UK market. #Ecommerce #SHEIN #IPO #BusinessGrowth #MarketStrategy #LondonStockExchange #FashionIndustry #GlobalBusiness #RevenueGrowth #RegulatoryCompliance #DigitalEconomy #CrossBorderCommerce #InvestmentOpportunities #TechIndustry #BusinessNews

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For all those in scale-up, 25 mins of listening to Seb is well worth it. A really clear set of priorities and realities of growing (and turning around) scale-ups. https://lnkd.in/esnuxRKr

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Its been years since I left finance but the love of finance never left me! Each AIM Summit leaves me with new learning and thoughts regarding tradfi and asset allocation. This post summarizes some highlights from Nassim Nicholas Taleb, Olivier Blanchard (Former IMF Chief Economist), macro strategists and CIOs from notable institutions*, and researchers. - Financial markets (and the world) experience "fat tails" more often than it thinks, the most recent being Covid/pandemic, inflation, and interest rates. The key is how to create a portfolio that mitigates fat tail events, even if it involves investing in assets one may not believe in or like. - This year's US elections will likely be the closest in US history, with global implications in already volatile markets. Certain outcomes may increases global risk. - The West is in a vicious cycle with low growth and high interest rates, where more money must be allocated to pay interest, yet low growth hardly justifies debt/deficit, with public debt 10-20% higher than pre-Covid levels - The effort to de-globalize is underway, but the division of labor and supply chain is efficient, and trying to force change may be difficult. - Finally, no conversation couldn't be complete with AI! AI could drive productivity growth, and that would be beneficial in countries/markets with low unemployment and high wages. Thanks Raha Moradi and team for putting on a great conference! * Institutions: Goldman Sachs, University Pension Plan Ontario, Citi, KKR, Blackstone, UBS, Apollo Global Management, Inc., Preqin

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We don't spend enough time thanking the teams that enable the engine to run under the hood. Thanks Kasun De Silva & team for the great work and interesting article for anyone that wants to know more about what happens behind the curtains of hedge funds, venture debt funds and Bootstrap Europe!

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The one statistic I believe is not that widely known among European founders is the median Exit Valuation of European ventures at €22.7 million. No, it is not a typo, the m is an m. #europe #vc #startupfunding #exitvaluation

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While everyone is focused on France's debt to GDP ratio, the alarming part is that this isn't an isolated issue. The median debt-to-GDP ratio of the G7 is now 89% higher than in 2000, with all G7 countries except Germany having more public debt than GDP.

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📊 New Research Alert! 📊 MMC has identified 250 AI Data Infrastructure startups in Europe, showcasing the incredible talent in this ecosystem. This report provides detailed profiles and trends that highlight where the industry is headed. Don’t miss out on learning about the startups that are the unsung heroes of the age of AI. Explore the report here 👇 #Data #AI #Startups #DataScience #EuropeanTech

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Get ahead of the seismic forces within Digital Transformation with our interactive Academy. Navigate the most pressing digital topics across Europe, including AI and data governance, AI and copyright, AI and cybersecurity, and digital payments. Our interactive modules put you in control. Make your selection, click to read further insights and analysis, and immerse yourself in the topics you care about most. Dive into our Digital Transformation Academy: https://lnkd.in/gxjKEH2X Enabling you to thrive in a digital world.

Governments were the biggest investors in European VC funds in 2023. 👉 In 2023 government agencies contributed 37% ($4.2bn) of the $11.2bn of funds raised from known LPs by VCs, up from 16% ($2.8bn) the previous year. 👉 After government, private individuals and family offices, contributed 19% ($2.1bn), and Corporate investors were the 3rd biggest investor at 13% ($1.5bn). Pension funds contributed 5% ($0.6bn). 👉 Whatever way you look at governments across Europe have been increasingly looking at boosting innovation, employment and productivity and private VC being at the heart of the innovation economy has been a recipient of this investment. See article here - https://lnkd.in/eFj53ttk #VC #funding

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'Venture capital might have been born in the US — but Europeans aren’t too bad at it nowadays. European VC returns are better than North American VC returns over 10 and 15 year horizons, finds a new report from industry body Invest Europe, based on data from investment firm Cambridge Associates. European VC yielded 20.77% net IRR (internal rate of return) over 10 years, compared to North American VC’s 18.18%. Over a 15 year period too, European VC has better returns: 16.57% IRR to North American VC’s 16.09% IRR. However, over a 20-year period, North American VC’s IRR edges past European VC’s: 13.03% compared to 12.87% for Europe. North American funds are also faster to pay back their investors — with LPs getting their money back in 4.5 years, on average, compared to 6.7 years in Europe.' https://lnkd.in/gAM7N8UY

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I'm delighted to announce the launch of the TempoCap Liquidity Indices, which, on a quarterly basis, track the largest European VC-backed exits since January 2020. We are tracking three main types of exits: all cash, cash and shares, and public listings.   We struggled to find this information in a single place or in a comprehensive format, so we decided to compile it ourselves from a range of data sources. Of course, we may have missed some exits, so please don't hesitate to get in touch if we have.   Here are a few notable trends from the data: 🔴 On all cash exits: A limited number of these were above $1 billion in Europe over the last nearly five years - we counted only five. Out of the top 15 cash exits, six were companies from the U.K., four from Germany, three from France, and two from Scandinavia - including the largest, Tink. 14 out of the top 15 exits were to strategics (with only one PE buyer), and 60% of buyers were U.S. companies. The average time to exit from the founding date was ten years. 🔴 On exits for cash and shares: There have been a limited number of these above $1 billion in Europe over the last circa five years, too —we counted only four. The U.K. had five companies out of the top 15, and interestingly, two each came from Poland and Germany, while the largest, Wolt, is Finnish. Again, 60% of buyers were from the U.S. The average time to exit from the founding date is nine years. 🔴 On public listings: Here, all 15 listings were above $1 billion—but some didn't stay above that level post-IPO, and three are no more! Out of the top 15, seven (or nearly half) came from the U.K., three came from Germany, and the largest, UI Path, came from Romania. The average time to IPO from the founding date was 11 years. We have researched various sources to ensure that we have the most accurate information possible, but if you've spotted something that needs to be corrected or a company that needs to be added, please let us know at harrie@tempocap.com.

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When Limited Partners and the general ecosystem discuss #european #venturecapital, Index Ventures and Accel are always mentioned. Index Ventures also seem to be increasingly present in the United States in the San Francisco Bay Area and New York City. Combined with the firm’s existing $300 million Origin Seed fund Index Ventures is deploying $2.6 billion in capital to back founders from seed to IPO. This brings Index Ventures’s total capital raised since its founding to $15 billion! Across nearly three decades of investment, Index Ventures has supported 108 #unicorns, 57 IPOs, 200,000 jobs, and has invested in #European and #UK companies such as DeepL. Revolut, DataSnipper, Tacto, Cradle, and Cloover.  #fundraising #europe #unitedkingdom #alternativeassets #privatemarkets #venturecapital #fundmanagers #capitalmarkets #limitedpartners #index

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French wealth is at stake. According to Le Monde, gross domestic product (GDP) related to employed people, has increased by 6% in the United States, has stagnated in the euro zone (−0.4%), but has fallen by 3.5% in France, since 2019. As a result of that, GDP per capita is $58650 in France, while it is $81630 in US. The explosion of Public spending on one side and the drop of productivity on the other, pose a double threat on the French wealth. If public spending is in the hands of the State -the outcomes of the current elections will be critical-  productivity is in the hands of the companies. It is more than urgent to take decisive actions to recover a good level of productivity in France. Digitization, robotization and education are the three success factors. This implies major transformation programs.  #productivity #wealth #transformation

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Ep.3 of #20Europe now LIVE 🎙🇬🇧 "The investor signal. I'm struck by just how much airtime this topic gets in Europe vs the US. It's the least important signal..." 🗣 Georgia Stevenson (Index Ventures) "The willingness to light money on 🔥 in San Francisco is incredibly deep. It is not as deep here so less teams take outlier bets." 🗣 Finn Murphy (Nebular) "The ONLY thing that matters when doing a deal is the conviction of the sponsor. Not valuation or stage of entry." 🗣 Julien Bek (Sequoia Capital) Just a little 🌶 from a wider discussion on: Why the UK should be considered the European home of #AI 🤖 Getting an MBA is outdated 🎓 The UK is not all about London 💪 Why a $100bn tech business can only be built in the US 🇺🇸 As always, would love to have your feedback on the show and themes to cover in future episodes, so hit up the comments section 👇 https://lnkd.in/ek7ZNG8X 20VC, #tech, #podcast, #UK, #entrepreneurship, #startups

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"For the 20 GenAI companies (in Europe/Israël) that have raised the most funding, 25% had at least one founder who was educated at École Polytechnique" => If this sounds obvious to you, you're probably 30 or younger :-) Because back in the 90's, very few Polytechnique students in their right mind thought of starting a company... And even just 10 years ago, when Philippe Botteri, Eric Setton, Denis Lucquin and I were, among others, asked by Jacques Biot to join the newly created advisory board for entrepreneurship for École Polytechnique, this was far from being a given. And this type of stats seemed like a legitimate but super ambitious target. We often feel things can't change or that old institutions can't adapt... But sometimes, it's cool to look back and measure how much positive transformation has occurred in a decade. Interesting data by Dealroom.co and Accel on the background of Europea and Israël's GenAI founders: https://lnkd.in/ezt-YK5P #entrepreneurship #ai #highereducation

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