All of us at TempoCap are absolutely delighted at last month’s announcement of Etsy’s acquisition of Depop for $1.625 billion, which we expect will generate a return to TempoCap of approximately 11x in three and a half years. Etsy’s announcement can be found here, Depop’s here and our own press release is here.
This piece, authored by our Investment Partner, Adam Shepherd, explores some of the factors that led us to make five separate investments in Depop, and some key elements that we look for in a marketplace investment.
Depop’s runaway success is a fantastic story for the European tech…
Today, we are launching a new video series that shines a light on our portfolio company executives, acknowledging the profoundly challenging experiences of the past 12 months, while celebrating the accomplishments and tenacity of our companies and their teams.
Now, more than ever before, we recognise the importance of connectivity and ensuring that the global TempoCap community of founders, investors, and supporters are up to date with all the developments in our broader ecosystem.
As we look towards the potential opportunities in 2021, we want to take a moment to highlight the key successes in 2020.
Despite the Covid-19 pandemic, 2020 saw a record level of corporate investment in startups. Far from pulling back, corporate VC deals rose 24% from the previous year. But this boom time is unlikely to last. Over the next 18 months, expect to see many corporates withdraw from their non-core investments.
Why? Because people are going to be struggling for cash.
We have witnessed one of the greatest government bailouts in history over the past year. Across Europe (and indeed the world), public funds have been used to support a variety of industries and businesses of all sizes, including large corporates…
Perhaps unsurprisingly, one of the major trends we’re seeing lately is the acceleration of digital health. Certainly, the pandemic has acted as a propellant. We’re seeing people more concerned about their overall health, whether it’s focusing more on their physical fitness or spending time on their mental wellbeing.
Then there’s been the exponential rise in the likes of telemedicine as health services have strived to maintain service provision while keeping patients and healthcare professionals as safe as possible.
But really, what COVID-19 has done is show that, particularly when considering tele or remote delivery of healthcare, these digital services can…
Back in May, we looked at how, in the initial chaos and uncertainty of COVID-19, cybercriminals took every opportunity to exploit the situation. Increasing ransomware attacks, businesses involved in constructing temporary hospitals under threat, even the World Health Organization itself reported a five-fold increase in attacks directed at its staff.
It was a frightening time, but also one that saw a number of companies step up to offer new ways to defend against ever more sophisticated threats.
Onfido, CybelAngel, and EfficientIP were three of the market-leading companies we highlighted as part of our portfolio. Their efforts challenging the status quo…
Historically, recessions have been discussed in terms of a V-shape — a sharp decline in output followed rapidly by an equally rapid recovery — or a U-shape, where a longer slowdown occurs before a steep uplift, or variations thereof (think Sir Martin Sorrell’s bathtub-shaped prediction from 2001).
This time, as the world surveys the economic wreckage of the pandemic, there is talk of another type of recovery: a K-shape. It’s a two-tier recovery, where a fall for almost everyone is followed by a continued decline for some but a remarkable bounce back for others.
In 2021, the group still in…
We welcome our newest team member, Lou Ann Yong, who joins TempoCap as an Associate in London to support our deal flow scouting and investments across the burgeoning European scale-up ecosystem.
Before joining TempoCap, Lou worked at Berenberg as an Equity Research Associate within the investment bank’s technology sector team. Within this role, she performed industry and company analysis to identify investment opportunities and provide detailed equity recommendations to investors.
Prior to this, she was a participant in Berenberg’s International Graduate Programme, where she completed several rotations within the bank’s equity research sector teams, including Food Manufacturing, UK Mid-cap, Luxury…
Philipp Meindl, Investment Partner at TempoCap, discusses why we have invested in airspace security technology leader Dedrone and what its latest funding round means for the sector.
In the chaos of the pandemic, it is easy to forget about threats that existed before any of us had heard of coronavirus and can still cause tremendous damage today. Yet the danger posed by technology, or rather by the bad actors that would wield it harmfully, is ever-present.
That is an important distinction to make — that technology in itself is neutral, and indeed can be used to deliver significant benefits. …
At TempoCap, we are huge supporters and believers, the European tech ecosystem. We are also proud of the hundreds of companies across Europe that are growing and accelerating at space.
A recent Scale-Ups.eu report highlights that “scale-ups identify 5 major challenges that they struggle with when it comes to further growth. Across all five challenges, external financing makes a big difference: scale-ups that already have external investors on board are much more professional than those that rely mainly on their own resources.” …
Great people aren’t going to jump ship just because they’ve sold some shares; they’ll probably be more likely to stay.
Startups are taking longer than ever to exit. The time taken to reach a merger, acquisition or initial public offering for venture capital-backed technology companies has risen dramatically from a median period of seven and half years in 2006 to almost 11 years in 2018.
That means that founders and employees can wait over a decade for access to liquidity. Add Covid-19 into the mix and that wait is only going to get longer.
The question is, can, or even…