European startups are no different, and there are plenty of fast-growing companies to analyse. In this report, we strive to do exactly that, as a follow-up to the previous “Seed The Future” report put together by Tech.eu in collaboration with Stripe and Techstars, and focused on earlystage startups in Europe
"Life is Growth" -
How, where and
start scaling up
European Tech Companies Scaling Up :: stripe.com
"Life is growth" is a quote from Morihei Ueshiba, founder of the Japanese martial art of aikido.
It continues: "If we stop growing, technically and spiritually, we are as good as dead." It's easy to
associate said quote with the world of startups, which Y Combinator founder Paul Graham in a
widely-read September 2012 essay simply defined as such: "a startup is a company designed to
European startups are no different, and there are plenty of fast-growing companies to analyse.
In this report, we strive to do exactly that, as a follow-up to the previous "Seed The Future"
report put together by Tech.eu in collaboration with Stripe and Techstars, and focused on early-
stage startups in Europe.
Just like with 'early-stage startups', there's no standardised definition for a 'growth-stage'
company, making it challenging to compare our research with other studies; and merely looking
at financing rounds evidently only tells part of the story (which is why we combined the research
with qualitative interviews with startup founders, who in unison highlighted the importance of
In the context of this report and for the sake of consistency with the previous one, a growth-
stage startup is defined as such: a company that has gone through the early stages of
establishment, initial development of a product or service and reaching at least some form of
product-market fit, to reach a state where business development becomes a crucial factor to
become a sustainable business, and the concept of growth (in revenue, audience, new users,
employees, addressed markets, etc.) takes precedence over pure 'survival'.
The time horizon between the two states remains, however, highly variable and there's evidently
a degree of overlap. In general, we equate growth startups to companies that are getting
traction and have begun investing in sca