1、JULY 2025EUROPES TECHNOLOGY RENAISSANCETITANS OF TECHThis report is intended for professional investors only;see the back of the report for important disclosures.GP Bullhound Corporate Finance Ltd and GP Bullhound Asset Management Limited are authorised and regulated by the Financial Conduct Authori

2、ty.GP Bullhound Inc is a member of FINRA.GP Bullhound Luxembourg S.r.l.is regulated by the CSSF in Luxembourg.204 THE VIEW FROM GP BULLHOUND 05 KEY TAKEAWAYS 06 CHAPTER 1 Strong funding environment led by AI-driven innovation14 EXPERT VIEW Efe Cakarel,MUBI17 CHAPTER 2 Growth equity insights25 CHAPTE

3、R 3 Sectors propelling a growing funding environment30 EXPERT VIEW Jason Warner,Poolside34 EXPERT VIEW Clment Galic,Unseenlabs37 CHAPTER 4 Europes next generation41 EXPERT VIEWS Jon Bratseth,Vespa Enrique Lizaso,Roman Orus&Sam Mugel,Multiverse Eleanor Lightbody,Luminance Magnus Hillestad,Sanity Will

4、iam Zeqiri,Fresha Johnny Warstrm,Mentimeter44 DISCLAIMERContents3THE VIEW FROM GP BULLHOUNDThe viewFROM GP BULLHOUNDMANISH MADHVANIManaging Partner,GP BullhoundIn last years report,we were witnessing the emergence of a new era shaped by AI-driven innovation.Today,we can confi dently say this wave is

5、 materializing at full scale.Europe has demonstrated its ability to build every component of the AI value chain,raise megarounds for its founders and reduce its dependance on overseas technology.Funding levels have stabilized and are now trending upwards.After a prolonged quiet period,unicorn creati

6、on is on the rise once again.Companies such as Mistral,Poolside,and Multiverse are securing hundreds of millions in funding to develop proprietary technologies with global scale and impact.However,challenges remain on the liquidity front.Venture and growth investors backing these tech businesses hav