Sifted is the leading media brand for the European startup community, providing news, journalism, and insights on tech, Europe, startups, fintech, venture capital, deeptech, climate tech, and more. It offers a premium subscription service called Sifted Pro, which includes access to proprietary data, monthly events, unlimited editorial access, and exclusive subscriber-only insights.

Caspar Woolley

John Thornhill

Sifted

Scalable Capital is a leading investment platform in Europe, providing access to the capital market through smart technologies, ease of use, and low costs. They offer digital asset management services through Scalable Wealth and independent trading through Scalable Broker, making investing and trading easy and convenient for a wide range of investors.

Simon Miller

Erik Podzuweit

Stefan Mittnik

Florian Prucker

Scalable Capital

Varinode provides an API for content publishers to facilitate shopping from multiple retailers with a unified checkout solution. This solution aims to streamline the discovery shopping experience, enhance user retention, and increase transaction volume.

varinode

Xapo Bank offers financial services specializing in Bitcoin banking, security, and transactions. The platform allows users to secure, transact, and grow their Bitcoin wealth.

Xapo Bank

👋 Welcome to Sifted — the only read you need for staying up to speed on startup Europe. 

Looking for the next big thing in tech? Or maybe you’ve got your eye on a specific sector? We’ll save you hours of research with Sifted Pro, our premium subscription, where you’ll get access to: 

🔎 100+ Briefings: packed with proprietary data on emerging sectors and geographic hotspots — keeping you ahead of the competition.
 
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✍️ 120+ articles a month: Unlimited editorial access, helping your team track hot-topic trends, source scoops and debunk grapevine gossip. 

🗞️ Weekly Pro newsletter: Stay on the cutting edge of European tech and ahead of market developments with exclusive subscriber-only insights.

Subscribe to Sifted Pro at http://info.sifted.eu/subscribe-pro

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Andy Skipper

ScaleUp Capital

Upgrade your deal sourcing with Sifted Scout — our new data-driven tool to help you discover Europe’s rising stars across the sectors that matter most. 🤩

Each featured company will have their own up to date profile, complete with a spotlight on their competitors, determined by a similarity score. This data will lay the foundation for a market map (coming soon!). 

Explore Sifted Scout, exclusively for Pro subscribers: https://hubs.ly/Q029JKKt0

If staying ahead of the curve is a priority for you, then book a demo with our Pro team today. 👉 https://hubs.ly/Q029JKgz0

#SiftedPro #startups #investors #scouting #startupeurope

The dreaded downround has well and truly taken hold across European VC in 2023. 📉

A new report by PitchBook found that 21.3% of raises this year priced a company lower than their previous round as median valuations across all stages fell on year. That is the highest level since 2014.

What else did the report find? 
👉 Valuations at the latest stage companies have been the worst hit by lower valuations
👉 Unicorn deals have seen a significant dip 
👉 Investment into European tech companies by non-traditional investors fell from €82.3bn in 2022 to just €32.4bn across the first three quarters of this year

For all the insights, read more below. 

#venturecapital #VC #investors #downround

Experts and enthusiasts argue that very soon it’s going to be impossible to imagine life without generative AI tools. 

Mahesh Ram, head of AI at Zoom, says that now is the time to start exploiting the vast capabilities of these tools to support you and your startup. 🚀

We reveal what GenAI assistants really do — and how they can help founders and startup teams. 👀

#Ad with Zoom
#genai #artificialintelligence #europeanstartups #deeptech

Featuring: Mahesh Ram, head of AI at Zoom, Simi L., founder of Yuty® and Gary Brotman, CEO of Secondmind.

Ireland has seven homegrown unicorns, including TransferMate Global Payments, LetsGetChecked and Wayflyer — so who's next? 🇮🇪

We've identified at least four startups that are decent bets to get to $1bn+ valuations...

🔋 TechMet, an investment company which secures battery metals such as lithium, cobalt and nickel. 

☀️ BNRG Renewables, a commercial scale solar farm operator.

💻 Tines offers a no-code automation tool for security analysts so more people can build things without having to learn code. 

💰 Fonoa, a tax automation platform used by companies such as Uber and Zoom. 

#venturecapital #VC #investors #startups

What should you do if your cofounders quit? 🤯

This was the reality for Barthélémy Kiss last year, after his startup Powder went from rising high to needing a sharp restructuring to avoid the business failing. 

First, Barthélémy had to convince investors of the future of the project and validate the conditions of his cofounders departures, which included a document highlighting the assets of the company, the leadership and organisational changes to be made and the plan to succeed. 

Here's the lessons Barthélémy learned along the way. 💡

#startuplife #startups #startuptips #cofounders

The turn of a New Year usually brings feelings of hope and optimism — but can the same be said for venture capital?

Join our next Sifted Talks on December 6, where Multiple Capital, Puzzle Ventures and Dawn Capital will discuss their predictions for the year ahead 🔮

This is a must-attend event for both founders and investors, sign up here. 👉 https://lnkd.in/e6nhsVQt

#venturecapital #siftedtalks #startuptrends

Austria might not be as well known as bigger players in the chips race — but it has been hiding a thriving semiconductor market for the past three decades. 🇦🇹

Semiconductor chips are an essential component for almost every electronic device and ensuring the security supply of these chips is now one of the EU’s biggest objectives.

We reveal how semiconductor startups are scaling in Austria and what hopes there are for the future of the industry. 👀

#Ad with ABA – INVEST in AUSTRIA
#austria #semiconductors #deeptech #startuplife

Featuring: Thomas Lueftner, European managing director at United Micro Technology, Heimo Müller, head of business development at Silicon Austria Labs (SAL) and Michaela Laussegger, director at the ABA – WORK in AUSTRIA.

Startups have been working on producing more efficient digital marketplaces for customers looking for an easier way to trade. 

But which startups could be next to grab the limelight? We asked VCs for the companies on their radar. Amongst them were... 

🚗 Ovoko \ RRR.LT has developed a used car parts marketplace called RRR that aims to optimise the experience around inventory, search and logistics.

🐟 Rooser connects seafood buyers and suppliers, giving them a tool to trade efficiently, negotiate prices and process deliveries across Europe. 

🌾 Vosbor Exchange’s marketplace for physical commodities like grain and oilseed has the potential to transform how food is traded, by making agricultural commodity markets more transparent and accessible.

🥫 Metaloop is an all-in-one marketplace for trading scrap metal, matching sellers to the buyers looking for their material.

Sadia Nowshin explores the remaining startups, recommended by Nicholas Stocks, general partner at White Star Capital, Alexander Breeden 安澜, senior associate at Fuel Ventures 🚀 and Namat B., associate at OMERS Ventures. 

#marketplaces #startups #tech

Angel investors and VCs aren’t the only folk that back startups. Family offices are increasingly splashing the cash on tech — but they’re often a little more bashful. 

To find out how they work, we spoke to a number of family office managers — and some founders who have convinced them to part with their cash.

We’ll answer all this and more:
👉 What is a family office? 
👉 Where to find family office funding?
👉 What can a family office give a startup?
👉 What should startups consider before taking their cash?

#familyoffices #startuplife #startuptips #funding

Featuring: Martin Cass, partner at Elkstone, Reinhard Meier, who set up his own family office, M4Capital, Samir El-Alami, founder of doctorly, Melissa Lester, partner at Dig Ventures and Soumyadip Rakshit, founder of MysteryVibe.

UK councils have paid tech startup Beam at least £1.1m to find jobs and housing for the homeless. Is it working?

A new Sifted investigation suggests Beam is struggling to meet its targets. The company tells us it’s helped 2,700 people — and will extend unfulfilled contracts for free.

But several councils have opted not to renew their contracts with Beam — and plenty more contracts look to be at risk.

Metric
Company Name	Sifted	Scalable Capital	varinode	Xapo Bank
Symbol
MSH ID	EU:SIFTED	CAPITAL:SCALABLE	COM:VARINODE	COM:XAPO
Market	PRIVATE	PRIVATE	PRIVATE	PRIVATE
Sector	Media	Financial Services & Finance	Technology	Financial Services & Finance
Industry	Technology, Information and Media	Financial Services	Ecommerce	Banking & Financial Services
Country	GB	DE	US	GI
Stage	Series A	Series	Convertible Note
Employee Count	1	483
Website	sifted.eu	scalable.capital	varinode.com	xapo.com
LinkedIn	siftedeu	scalable-capital
Founders

Metric
Market Cap	573.40M
Enterprise Value
Monthly Web Traffic	269.99K		78	645.34K
Web Traffic Growth	-0.04		0.06	0.22
Valuation
Raised Capital	5.36M	64.74M

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

EU:SIFTED

Sifted

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue