Earlier this month, Yoram, the founder of Dealroom, reached out to us with some good summer vibes: ‘You've been identified as a top 1% investor in EMEA based on Dealroom’s proprietary data…’

They wanted to give us a heads-up that they intend to update and publish afresh their famous ‘VC ranking’ after the latest 2023 update. Knowing the great amount of effort the team puts into these exercises, it is one of the few rankings we look at. I think this one gives you a good idea directionally of where the different players sit…

Top 10 in Europe.

Mangrove is again in the top 10 early stage firms in EMEA,

in the top 20 across all stages in EMEA, and

in the top 40 early stage firms globally…

We’re proud to be part of this amazing group and to continue contributing to the European ecosystem, which now counts around 8,5k firms and keeps getting stronger every year.

Compared to 2023, while there are a few significant moves, it is great to see that our own ranking has held strong or improved slightly. First and foremost, this is a real testimony to the quality of the founders and companies we get to work with. It is a true privilege to support all these amazing entrepreneurs changing the world for the better through innovation - thank you...

More global players in Europe.

Skimming through the rankings, one thing that stands out is the growing presence of global players, notably US firms, in Europe. This is good news for our ecosystem and a good omen for the future…

As you know, I am usually not the biggest fan of rankings (see 2023 post), as you just can’t eliminate the many biases given the very different investment strategies, stages, fund sizes, and so on. At the end of the day, performance is what matters, and everyone has their own recipe for getting there...

I spent this summer in the Dolomites. It was my second time in the region after a first short stint last summer after an invite from one of our LPs. It is a special part of Europe - not only is the nature stunning, but also the unique blend of several European cultures and history is uniquely rich.

Life is awesome,

Yannick

Europe VC European Global