Three successful Danish tech companies stand out among Europe’s thousands of tech companies. Those companies are Blue Ocean Robotics in Odense as well as Peakon and Pleo. They excel by having achieved steep growth and by being “super-scalable”, so the potential for even more growth is certainly there. The top companies have been selected on the basis of objective growth parameters, hereafter a selection committee consisting of 25 top executives from international investment funds have carefully evaluated each company.
Once again international honors are bestowed on Blue Ocean Robotics. Tonight, the company was recognized as one of Europe's 50 leading super-scale-up companies. This Tech Tour Growth 50 list includes the fastest growing venture capital funded tech companies in Europe. A total of 430 European tech companies have been researched and evaluated. The purpose was to identify the tech companies that are considered as “hot prospects” to become the next big successes, exits or IPOs.
To be considered at all for the annual Tech Tour Growth 50 list, the tech companies must have more than €10 million in annual revenue, and have raised more than €20 million in total funding, as well as have a valuation of at least €100 million. In addition, the annual growth rate must be at least 80% over the past 3 years.
“Europe’s thriving tech sector achieved one more record-breaking year – in terms of capital raised, jobs created and new unicorns. Previously exited founders return into the ecosystem as investors, and state institutions ramp up their efforts to stimulate innovation. This year we see the emergence of a number of super-scale-ups from smaller countries like Finland and Denmark performing outstandingly. This year’s TTG50 is a fantastic illustration of the progress of European tech and what the potential returns and impact we can expect to come,” says William Stevens, Managing Director, Tech Tour.
Service robots in heavy expansion
Tech Tour has since 1998 been putting the spotlight on the best of the best in the European tech industry. At the end of March 2020 at the Tech Tour Growth Forum in Geneva, this year’s top 50 will be narrowed down even further when the selection committee announces the two absolute best from the list. This will be based on their progress, results and the difference they make on the market. So far, a Danish company has yet to achieve such victory.
“As an international front-runner on service robots, I’m proud that we have managed to pass through the eye of the needle and joined Tech Tour’s growth list. I see this great recognition of our achievements and growth potential as a great tribute to all of us in Blue Ocean Robotics. We have read the market the right way, and we have expanded heavily in recent years. With the start we got in 2020, growth will be even wilder this year,” says Blue Ocean Robotics CEO, Claus Risager.
40 out of the 50 companies on the top 50 list were founded in the last 10 years. On average the companies have 12 active investors and together the 50 companies have 607 private investors in total. The Tech Tour Growth 50 Companies have raised over $4.3 billion of investments.
The Tech Tour Growth Summit is supported by the European investment bank Bryan, Garnier & Co and The Canton of Vaud, Switzerland.
Tech Tour Growth 50 2020 (companies with green dots enter the TTG50 for the first time).
The 2020 Selection Committee at Tech Tour Growth
|Ross Ahlgren||Kreos Capital||Ian Marsh||DN Capital|
|Matthias Allgaier||Summit Partners||Alex McCracken||Silicon Valley Bank|
|David Bateman||Harbert European Growth Capital||Dominique Megret||Swisscom|
|Rachel Clemo||Highland Europe||Falk Mueller-Veerse||Bryan, Garnier & Co|
|Remy de Tonnac||ETF Partners||Alain Nicod||VI Partners|
|Roland Dennert||Cipio Partners||Per Nordlander||Verdane Capital|
|Malcolm Ferguson||Octopus Investments||Ted Persson||EQT Ventures|
|Alexander Galitsky||Almaz Capital||Seth Pierrepont||Accel Partners|
|Anne Glover||Amadeus Capital Partners||Dominic Reardon||Eight Roads Ventures|
|Nick Kalliagkopoulos||Prime Ventures||Markus Roithmeier||Zobito|
|Maximilian Kempken||btov Partners||Pekka Santeri Mäki||3TS Capital Partners|
|Juha Lehtola||Tesi||Morgan Seigler||TA Associates|
|Sven Lingjaerde||Reference Capital|
Merima Cikotic, PR & Marketing Manager
T: +45 7199 5606 | E: firstname.lastname@example.org
About Blue Ocean Robotics
Blue Ocean Robotics develops, produces and sells professional service robots primarily in healthcare, hospitality, construction and agriculture. The portfolio of robots includes brands like; UVD Robots, a mobile robot for disinfection; Beam Robots, a mobile telepresence robot for communication, social inclusion and CO2 reductions; PTR Robots, a mobile robot for safe patient handling and rehabilitation; and a handful of other service robots. Blue Ocean Robotics develops the robots from problem, idea and design to development, commercialization, and all the way to exit. Each robot is moved into its own subsidiary- venture company, making Blue Ocean Robotics the world’s first Robot Venture Factory. Among other things, Blue Ocean Robotics has won one of the robot industry’s most prestigious international awards, the IERA Award 2019.
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