Albion Crown Vct Plc · LSE:CRWC
Albion Crown Vct — SaaStock 2023
14 slides from Albion Crown Vct's conference presentation, October 2023
Slide 1: How can Europe build a new generation of SaaS unicorns?
AlbionVC How can Europe build a new generation of Saas unicorns ?
Slide 2: European unicorn averages: employees, valuation, new unicorns
1K avg. 12 new €3B avg. employees per unicorns in valuation unicorn 20232 1. Globally 2,700+ companies have achieved (and retained) a US $1B+ unicorn valuation or exit 2. As of September 2023 Dealroom Data Source: Dealroom 2023, European Unicorn Map 2022, AlbionVC Analysis 2
Slide 3: d d Source: Dealroom September 2023
d d Source: Dealroom September 2023
Slide 4: Source: Dealroom September 2023
Source: Dealroom September 2023
Slide 5: Source: Dealroom September 2023
Source: Dealroom September 2023
Slide 6: Education, Experience, Funding
Education Experience Funding • +95% obtained higher education • ~10-year experience before • £281M goes into funding the median degree launch unicorn (£1.3B valuation) • +60% majored in science or • 80% prev. startup experience1 • 87% all funding raised by men-only engineering founding teams in 2022
Slide 7: Education, Experience, Funding
Education Experience Funding • 35% of EU STEM graduates are • 22% average women’s share • In Europe, all women teams account women across European tech roles for 1% funding • A significant drop in the • 31 is UK mean age of first-time • Women are 16% of GP across percentage of women in STEM mothers
Slide 8: Valuations, Profitability, Resilience
Valuations Profitability Resilience Female-founded Businesses with women in Co-ed teams in 2022 were businesses have higher senior positions are more more resilient, with only valuation increases likely to be profitable 11% decline in valuation Source: International Finance Corporation, McKinsey, St
Slide 9: AlbionVC
AlbionVC
Slide 10: 25 female founded and exited European SaaS companies
6 Annual successful exits1 of SaaS 5 companies with female co-founders 25 female founded 4 and exited 3 European Saas companies 2 1 0 2005 2009 2014 2015 2017 2018 2019 2020 2021 2022 2023 Successful exits 1. Successful exit defined as an exit with a valuation above €50M | Source: Dealroom 2023, EWV
Slide 11: Steady increase in serial female SaaS founders in Europe
10 9 Cumulative number of serial female 8 founders with a successful SaaS exit1 in Europe has seen a 7 Europe (2010-2022) steady increase in 6 serial SaaS female 5 4 founders 3 2 1 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Female serial founders 1. Successful exit defined as an exit with a
Slide 12: 47% anticipate more women GPs within firm by 2028
100% 90% 80% 47% anticipate more 70% women GPs within 60% % Women in senior roles within European VC firms (2023) firm by 2028 50% 40% 30% 20% 10% 0% GPs Managing Partners/ Directors Principals Women Men 12
Slide 13: Flywheel and warm introductions
Flywheel Warm introduction ~3K founders have spun out from Warm approaches compromise European unicorns since 1990 38% of all pitch decks received with +90% after 2010 and account for 72% of deals Source: State of European Tech (June 2023), Investing in Women Code 2022 13
Slide 14: Thank you
AlbionVC Thank you. 14