Key Findings:

  • Quantum technology is now a tangible reality – Quantum sensors are undergoing field tests, quantum computers are achieving practical utility and large enterprises are expanding their quantum spending.
  • The quantum market is massively expanding — Projected to grow from $1 billion today to $20 billion by 2030, and over $100 billion by 2040.
  • Investors increasingly recognize the lucrative potential of quantum technology — A growing share of global startup funding has been directed towards this sector every year over the past five years.
  • The industry’s future leaders are emerging — Fewer new startups are being founded, while established companies attract more capital, secure scarce talent, and form strategic partnerships.
  • Investors need to weigh opportunities against risks across the quantum value chain — Companies must balance technical, competitive, and time-to-market challenges.

Dr. Callum Stewart at Bullhound Capital, stated: “As investors start to recognise the groundbreaking potential of quantum technologies and are beginning to allocate accordingly, there is no one-size-fits-all approach to investing. As with every developing technology, each part of the value chain differs in its return, time horizon and risk profiles. For investors looking to allocate a small pocket of capital to capture the broad expansion of the market, we suggest looking at hardware agnostic investments like infrastructure software or supporting systems that are driving value creation today. Those with longer timeframes and more aggressive deployment plans should consider the underlying hardware or end application software for investment.

Q-CTRL CEO and Founder Michael Biercuk commented on the report: “The quantum technology landscape—and investment opportunity—is rapidly maturing. The first wave of quantum computing SPACs has taken major hardware manufacturers to the public markets, ‘full stack’ vertical integration has been overtaken by a partnership model, and the AI boom has captured the attention of less-focused quantum startups with poorly defined offerings.

This has left an expanded opportunity for specialist providers focused on building the quantum value chain through truly unique innovations. Companies that are able to turn vision and technical expertise into commercial products are standing out in critical areas, from specialist QPU fabrication to automation and performance-management infrastructure software. Through targeted commercial partnerships, this approach is accelerating the path to quantum advantage and highlighting the extraordinary value of parallel verticals such as quantum sensing for defense.

The quantum opportunity in 2024 is marked by an increased focus on delivering customer value and a rejection of vague and generic benefits. This is a healthy sign of maturation that promises outsized rewards for early investors.”

Enquiries
Dr. Callum Stewart, Bullhound Capital at callum.stewart@bullhound.com
For press inquiries, contact: press@gpbullhound.com. 

About Bullhound Capital
Bullhound Capital is the investment management arm of GP Bullhound, partnering with founders building category-leading technology companies. Launched in 2008 with over €1 billion deployed, it has invested in global leaders such as Spotify, Klarna, Revolut, Slack, Unity, ConnexAI, and EcoVadis. With 13 offices worldwide, its platform delivers hands-on, founder-focused support across strategy, growth, and execution. From quantum to entertainment, Bullhound Capital backs global leaders applying artificial intelligence to solve real-world problems.

Q-CTRL is a key player in the global quantum technology industry as a category-defining business for quantum infrastructure software. Leading quantum computing hardware providers integrate its performance-management software with their superconducting and silicon-based platforms to deliver unprecedented capabilities to end users. The company’s global leadership in quantum sensing for defense and dual-use was featured in The New York Times. Q-CTRL also developed Black Opal, an award-winning edtech program that enables users to quickly learn quantum computing. Founded by Michael J. Biercuk in November 2017, Q-CTRL has assembled the world’s foremost team of expert quantum-control engineers, providing solutions to global quantum technology leaders including Fortune 500 companies, startups, national research labs, and academic institutions. The company has international headquarters in Sydney, Los Angeles, Berlin, and Oxford.

Launched in November 2017 by renowned quantum physicist Professor Michael J. Biercuk, Q-CTRL has been at the forefront of the quantum revolution, focusing on developing quantum infrastructure software that enhances the stability and reliability of quantum computers and sensors. With this additional investment, Q-CTRL will continue to advance its mission of transforming quantum technology into a viable industrial tool, with a strong focus on R&D, product engineering, and scaling its global reach.

Per Roman, GP Bullhound Founder and Managing Partner, commented on the investment: “We are thrilled to support Q-CTRL in unlocking the full potential of quantum technology. At GP Bullhound, we believe that quantum computing and sensing will be central to the next wave of technological transformation, reshaping industries such as finance, transport and pharmaceuticals. Our investment reflects our commitment to backing visionary companies capable of bringing this revolution from the lab to real-world applications.”

“Our focused view that software can be the key enabler of quantum hardware across all applications has become a key driver of new capabilities in the field, and underpins our major commercial partnerships with leading quantum platform vendors, ” said Q-CTRL CEO and Founder Michael J. Biercuk. “This new investment, coupled with our growing portfolio of technical demonstrations, has positioned us for ubiquity and permanence in the industry. We were excited that GP Bullhound led this round. Their experience and international presence will support us as we continue our expansion, and we look forward to working closely with them as a shareholder and board member.”

With this funding, Q-CTRL will expand its investment in quantum control R&D and product engineering to deliver on a growing portfolio of customer engagements among Fortune 500 clients, government departments and agencies, and quantum platform providers. The company of 130+ employees has already achieved extraordinary commercial success, indicating tremendous opportunity for value capture and growth with new investment.

Quantum technology, set to revolutionize industries like pharmaceuticals, finance, and resources, represents a $1.2T opportunity, according to McKinsey. With BCC Research projecting the global sensing market to be a nearer term opportunity, set to surpass $300 billion by 2029. Quantum sensing is poised to capture a significant market share from existing classical technologies due to its enhanced performance and ability to enable critical new missions for defense. Q-CTRL uniquely spans both quantum computing and quantum sensing through its focus on how quantum control infrastructure software can enable useful field-deployed quantum solutions.

With expertise in both quantum computing and sensing, Q-CTRL is uniquely positioned to capitalize on this opportunity. Its work with the Australian Department of Defense and the UK Navy has solidified its role as a leader in quantum-assured navigation. Q-CTRL’s Fire Opal software, adopted by the Australian Army, optimized convoy routes, outperforming existing models by 12x and improving time-to-solution by 6x. Collaborations with research institutions like Northwestern and Chalmers have also opened new frontiers in dark matter exploration and quantum computing.

GP Bullhound invested through Fund VI, which also includes late-stage ventures such as LeoLabs, EcoVadis, CoverManager, Mentimeter, and Sesame HR. By strategically investing in the AI-led software revolution, GP Bullhound focuses on the sustained growth of software by backing category leaders in the later stages of venture. The investment was made with the support of the LFF 2 initiative, a collaboration between the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF), aimed at diversifying the Luxembourg economy by enhancing financing for innovative companies. The invested capital also included

For inquiries, please contact: 
Per Roman, Managing Partner, at Per.roman@gpbullhound.com
Dr. Callum Stewart, at Callum.stewart@gpbullhound.com
Press inquiries: press@gpbullhound.com  

About Q-CTRL 
Q-CTRL is a key player in the global quantum technology industry as a category-defining business for quantum infrastructure software. Leading quantum computing hardware providers integrate its performance-management software with their superconducting and silicon-based platforms to deliver unprecedented capabilities to end users. The company’s global leadership in quantum sensing for defense and dual-use was featured in The New York Times. Q-CTRL also developed Black Opal, an award-winning edtech program that enables users to quickly learn quantum computing. Founded by Michael J. Biercuk in November 2017, Q-CTRL has assembled the world’s foremost team of expert quantum-control engineers, providing solutions to global quantum technology leaders including Fortune 500 companies, startups, national research labs, and academic institutions. The company has international headquarters in Sydney, Los Angeles, Berlin, and Oxford.

About GP Bullhound 
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe and the US. For more information, please visit www.gpbullhound.com.

Eric Crowley, Partner at GP Bullhound, commented: We continue to be excited watching entrepreneurs build world class companies in the CSS space. The market opportunity and TAM continues to grow as new companies and products are delighting passionate consumers.”

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Market update and trends to watch

  • The Digital Markets Act opens up new opportunities for developers.The Digital Markets Act forces Apple to ease control over developers, leading to external payments and independent app stores, while new payment options grow.
  • Netflix’s password lockdown – the new normal. Netflix’s password-sharing crackdown limits access to a primary location, pushing other streaming services to follow suit and convert non-paying users.
  • The screen time crackdown on CSS. Screen time regulations, initially targeting gaming and social media, are expected to impact CSS, pushing entrepreneurs to create platforms that engage users without requiring constant attention and to adjust their engagement strategies accordingly.
  • Public CSS valuations have rebounded over the last two years. Public CSS companies have seen their forward revenue multiples rebound from 5.4x to 6.9x between 2022 and 2024, according to the GP Bullhound CSS Index. 
  • Averages are evil. CSS companies with strong growth and profitability can command revenue multiples of 6x or higher, while slower-growing companies are trading at 2-4x. 
  • Public investors reward businesses that manage to exceed the Rule of 40. Public investors reward CSS companies that exceed the Rule of 40 with EV/revenue multiples of up to 10x, outperforming peers that fail to meet this metric.

Expert views from company builders

  • CSS flywheel attributes to drive premium valuation. Investors highly value CSS apps with winner-takes-all potential, driven by network effects, and entrepreneurs must clearly define their competitive positioning and market niche to attract investment.
  • Introducing the newest C-Suite position – Chief Household Officer. The Chief Household Officer (CHO) role has gained prominence as CSS apps have evolved from entertainment platforms like Netflix and Spotify into comprehensive tools for managing daily life, including finances and activities, with CHOs relying heavily on various subscription apps.
  • CSS Forecasting – Crafting the blueprint for mathematical certainty. Top CSS companies leverage positive net revenue retention (NRR)  to predict long-term revenue, with “locals” renewing at nearly 100%  after two to three years. 
  • NRR is not just a SaaS term. Leading CSS companies have found ways to improve net revenue retention (NRR)  through upsells, win-back strategies, and price increases, driving long-term value. 
  • How do you measure up? Metrics like free trial to subscription conversion and 1st-year retention rates are critical for CSS companies, with top performers achieving conversion rates of up to 56%. 
  • Maslow’s hierarchy of subscription – why do people subscribe. CSS businesses thrive by aligning with consumers’ deeper needs, with 70% of U.S. GDP is linked to consumer spending in categories such as safety, community, and identity. 
  • Not every CSS exit is an IPO.  Only 1.69%  of venture-backed consumer companies that raised Series B since 2010 have gone public, highlighting the importance of alternative exit options like private equity. 
  • Dmitry Furman – CEO, Welltech
  • Eric Dunn – CEO, Quicken
  • Michael Segal – CEO, Skylight
  • Christina Schrettle – Director, Verdane
  • Bruno Cremel – General Partner, Partech
  • Pranav Singhvi – Managing Director, General Catalyst
  • Agata Reyes – Partner, True Search 
  • Jimmy Fitzgerald – CEO, Paddle

Along with an overview of the current CSS ecosystem, key CSS metrics to watch, and much more.

Enquiries
For enquiries, please contact:
Eric Crowley, Partner, at eric.crowley@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe and the US.


Key takeaways from our report include:

  • The funding frenzy is over, but the new normal is very healthy: Funding levels have normalised, averaging €15Bn per quarter over the last year, which is ~50% higher than 2019.
  • The value of the ecosystem is growing despite the failures: 14 new unicorns were created in the last 12 months. Europe and Israel now have 323 unicorns, up from 311 a year ago and 283 the year before. The ecosystem’s total valuation has grown to $1.2Tr, an ~11x increase in billion-dollar companies and a ~14x increase in aggregate valuation since our first report in 2014.
  • Megarounds are fewer but larger and still accessible: Access to capital rounds exceeding $50 million has tightened, but investors remain interested in supporting innovators. The deal count dropped 68% over the last two years due to a focus on profitability and conservative planning. Only 17% of European unicorns raised capital in 2023, as 93% had already raised funds during the 2021-2022 bull market.
  • Software innovation continues, shaping the way we live and work: Despite funding challenges, technological developments, especially in artificial intelligence, continue to drive automation and cost savings. European AI companies received over €11Bn in funding in the last year, with 36% of new unicorns being AI/ML businesses.
  • Category leaders and geographies: This year, the UK and France lead the startup arena with three unicorns each. The UK’s unicorns are valued at $3.4Bn, with significant contributions from AI leaders Synthesia and Builder.ai. France’s trio reaches a collective valuation of $7Bn, highlighted by innovators like Mistral AI. Germany, Israel, and the Netherlands each added two unicorns, while Sweden and Italy added one unicorn each.
  • Europe’s most promising startups: GP Bullhound has analysed more than 100 European startups for scale, velocity, and sentiment, and ranked the top 50 companies with the most potential to become one-billion-dollar companies. The top 10 include Agicap, Brevo, Typeform, Homa, AMBOSS, Akeneo, Form3, Flo Health, Aidoc, and ConnexOne.

Manish Madhvani, Managing Partner at GP Bullhound, said: “After ten years of issuing our Titans of Tech report, we have witnessed the highs and lows of the European tech ecosystem. A year ago, the situation was less encouraging for the fundraising environment, with macro uncertainty and with businesses more focused on layoffs than on growth and innovation. Today, against the backdrop of negative headlines, we have cemented the building blocks for the next wave of innovation. Funding levels have stabilised, and are amazingly 50% higher than pre bull market levels.

With Europe’s maturing base of engineering talent and the world’s fascination in its potential productivity gains, artificial intelligence offers a unique opportunity to create global leaders in record time. There is no shortage of funding for the best entrepreneurs and companies, as evidenced by the record $220m seed round for Paris based H announced this week. What was noticeable about the round was the range of the investor syndicate : from strategics such as Amazon, Samsung and UI Path, household names such as Bernard Arnault, Eric Schmidt and Xavier Niel, and leading VC’s.Looking ahead, we expect the next few years to represent an era of unprecedented innovation in the European ecosystem. Innovation is flowing, vast amounts of capital are available for the strong and the talent pool is expanding. No more excuses Europe!”

Expert interviews
What does it take to build a billion-dollar company? What are the critical success factors for European tech? How to remain resilient in a challenging market and benefit from economic downturns? This year’s report features expert views from leading founders and CEOs, including Synthesia, Quantexa, SEON, Flo Health, Zappi and CoverManager.

Enquiries
For enquiries, please contact: press@gpbullhound.com 

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, with a global team of 150+ employees, the firm now has 12 offices across key hubs such as London, San Francisco, New York, and Paris. For more information, please visit www.gpbullhound.com. 

2024 Allstar Awards Winners Announced!

We are thrilled to announce the winners of the 2024 Allstar Awards, where we celebrated the exceptional talent and innovation shaping the European tech landscape. The event brought together over 350 leaders from the global technology sector – including founders, investors, and leading voices – to honour another year of remarkable achievements.

Spanning 11 categories, from Entrepreneur of the Year to Growth & Buyout Fund of the Year:, the awards showcased the breadth of talent and forward-thinking vision within European technology today. The evening also featured a keynote address delivered by tennis champion, entrepreneur, and best-selling author Venus Williams.

A huge thank you to everyone who joined us and made this night so special. Your energy and support brought the event to life and made it an unforgettable celebration of innovation.

Congratulations to all the outstanding companies and individuals recognised for their achievements. Your contributions are driving the future of tech in Europe, and we are proud to celebrate your success!

View 2024 shortlist here

Winners of the 2024 Allstars Awards

Allstars Shortlist 2024
We are proud to reveal the 2024 shortlist of the 22nd Allstars Awards.

EXIT OF THE YEAR

ENTREPRENEUR OF THE YEAR

GROWTH & BUYOUT FUND OF THE YEAR

INVESTOR OF THE YEAR

YOUNG ENTREPRENEUR OF THE YEAR

VC OF THE YEAR

TECH4GOOD

ALLSTAR COMPANY CHALLENGE

SERVICE PROVIDER OF THE YEAR

DIGITAL INNOVATION IN ART

2024 Categories

Premium Sponsors

Awards Sponsors

2024 Charity

Allstars is proud to support Working Options in Education. Working Options in Education helps young people fulfil their potential by developing employability and life skills. Our Career Pathways Programme, delivered free with state schools and colleges, supports young people facing additional challenges caused by the pandemic, prioritising those from disadvantaged regions.

The programme includes self-directed online learning; employability and skills masterclasses; talks from industry volunteers; mentoring; business challenges; and access to work opportunities in partner companies.

Since 2010, we have worked to transform the life chances of young people (14-19), by helping them take early control of their education or career journey, when the choices they make will shape their future.

ALLSTARS CHARITY FOOTBALL TOURNAMENT

GP Bullhound had the great pleasure of hosting the 2024 Allstars Charity Football Tournament in support of Working Options in Education at the iconic Crystal Palace Stadium, Selhurst Park, on Thursday, 6 June. The event was a tremendous success, featuring exciting matches and appearances by exceptional guests. It was a memorable day filled with camaraderie and support for a worthy cause.

Previous attendees include: Albion VC, Balderton, BlackRock, Blackstone, Eurazeo, FieldHouse, Inflexion, LendInvest, HSBC Innovation Banking, Marriott Harrison, Mayfair Equity Partners, Northzone, Oakley Capital, Orrick, PER, PSG, Taylor Wessing and Vitruvian Partners.

To request more information and sign up your team for 2025, please contact Sophie.Tomlinson@gpbullhound.com

2023 Gallery

2024 Highlights

Key takeaways

  • As environmental responsibility becomes integral to corporate strategy and reporting, carbon accounting is set to be a widespread business necessity in the coming years
  • Today, only 10% of companies track their full carbon emissions, and those who do spend 75% of their time mapping emissions activities
  • 87% of companies want to expand the reporting scope if provided better digital tools, and businesses with automated emission measurement are 2.2x more likely to measure emissions fully, and 1.9x more likely to reduce them
  • Increased automation is crucial for a wider carbon accounting adoption, overcoming the main hurdles in complexity of activity mapping, data gathering and processing
  • Key technological developments will be solving data infrastructures – using AI for efficiency, improved integrations and collaboration across more data-driven supply chains
  • The next generation of carbon accounting technologies will fuel a staggering market growth, from today’s value of $12bn to c.$65bn by 2030

Nelly Tranaas, Analyst at GP Bullhound, commented: “We are rethinking business-as-usual, and expectations for measuring and reporting beyond financial values will make accounting for carbon emissions a minimum requirement for business leaders. The first generation of carbon accounting software has driven crucial awareness, and the first wave of digitisation, but the task’s complexity is becoming increasingly obvious. We are excited to witness the transformative power of AI in structuring and processing activity data and improved system integrations, paving the way for more viable end-user software solutions. With time, digital supply chains and large real-time databases will facilitate more automated and transparent carbon accounting, resulting the formation of a new, viable accounting ecosystem.”

Enquiries
For enquiries, please contact:
Nelly Tranaas, Analyst, at nelly.tranaas@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia.

Hampus Hellermark, Principal at GP Bullhound, commented: “Few industries are as strategically intertwined with the significant structural tailwinds we are currently experiencing as geospatial intelligence. In addition, the industry could be a key player in addressing some of the core problems we must solve. With the significant decrease in launch costs, growing number of Earth observation satellites and advancements in AI, our understanding of what is happening on Earth and where has never been higher.”

Key takeaways

  • Launch costs have plummeted by 80-90%, and manufacturing expenses have decreased to a range of $100k to a few million, in contrast to NASA’s most recent Landsat-8 satellite, which incurred a cost of nearly $1bn
  • This has spurred a surge in Earth observation satellites, growing at a CAGR of >20% since 2010. Long-term annual satellite demand is estimated to reach 30,000
  • The broader Earth observation market was estimated to be valued between €9-€17bn in 2022, with the market size varying based on the inclusion of governmental transactions and specific vertical use cases. Projections indicate a >10% annual growth rate in the coming years, with the potential for the Earth observation market to soar as high as €31bn by 2027

The report also features exclusive interviews with industry leaders:

– Pierrick Poulenas, Founder, Picterra
– Barbara Ryan, former Executive Director, World Geospatial Industry Council
– Daniel Seidel, Co-founder, LiveEO

Enquiries
For enquiries, please contact:
Hampus Hellermark, Principal, at hampus.hellermark@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 14 offices spanning Europe, the US and Asia.

LeoLabs is transforming the way satellite operators, commercial enterprises and federal agencies across the world launch and track missions in low Earth orbit. Through its vertically integrated technology system, Vertex™, LeoLabs delivers the superior information needed to succeed in today’s space race. With unmatched LEO coverage, real-time tracking and powerful insights, companies and governments rely on LeoLabs to safely innovate and execute a wide array of operations in space. 

Established in 2016 and rooted in years of research at the Stanford Research Institute, LeoLabs has risen to prominence in the space industry by providing the core software infrastructure for space operations. Its proprietary, global network of radars and advanced analytics enables LeoLabs to capture and apply insights to the most accurate and highest fidelity data of the tens of thousands of objects in low Earth orbit  (LEO).

Low Earth orbit (LEO) is the centre of activity in the second Space Race, and it is only just beginning. Using its proliferated global radar network, including 6 sites and 10 radars, LeoLabs monitors more than 20,000 objects in space, including over 7,000 satellites in LEO, which holds 90% of all satellites orbiting Earth. Yet, the rapid acceleration of commercial development in the sector suggests a significant increase in the number of satellites in the coming years, with projections ranging from 27,000 to as high as 100,000 by 2030.

For more information, please visit www.leolabs.space

Established in 2016 and rooted in years of research at the Stanford Research Institute, LeoLabs has risen to prominence in the space industry by providing the core software infrastructure for space operations. Its proprietary, global network of radars and advanced analytics enables LeoLabs to capture and apply insights to the most accurate and highest fidelity data of the tens of thousands of objects in low Earth orbit  (LEO).

“We all benefit from the growth of space-based activities, but this growth is not without its challenges” said retired NASA astronaut Ed Lu, CTO and Cofounder of LeoLabs. “As launches become more frequent and orbits more congested, the threat from space debris and anomalous activities increases. To ensure space remains safe, secure, and sustainable, LeoLabs supplies the data necessary for mission success and the insights required for mission security. This investment by GP Bullhound speaks to the importance of this endeavour and the value of LeoLabs’ capabilities.”

Low Earth orbit (LEO) is the centre of activity in the second Space Race, and it is only just beginning. Using its proliferated global radar network, including 6 sites and 10 radars, LeoLabs monitors more than 20,000 objects in space, including over 7,000 satellites in LEO, which holds 90% of all satellites orbiting Earth. Yet, the rapid acceleration of commercial development in the sector suggests a significant increase in the number of satellites in the coming years, with projections up to as high as 100,000 by 2030. 

“The unprecedented growth of traffic in low Earth orbit (LEO) has put space operations in jeopardy. Fortunately, we saw this coming,” said Dan Ceperley, CEO and Cofounder of LeoLabs. “LeoLabs has built the world’s largest commercially owned catalogue of objects in LEO and developed a responsive layer of artificial intelligence algorithms to turn that real-time data into critical insights. Customers, including commercial operators and the US and allied governments, rely on us to safely execute and continuously monitor space operations. This investment, led by GP Bullhound, enables us to bolster our data architecture and system software  as we continue to serve the space sector in an emerging era of tens of thousands of satellites.”

The company serves a wide range of commercial entities, including SpaceX, OneWeb, and Planet Labs, as well as governmental entities such as the U.S. Department of Defense, the Japan Air Self Defense Force, and the New Zealand Space Agency, among others.

“Space is becoming one of the key growth areas of this decade and beyond” said Per Roman, Managing Partner at GP Bullhound. “LeoLabs is already the category leader at tracking this data in its extreme complexity – a position we find unique and attractive. We are also deeply concerned that if humanity’s space expansion is not monitored and managed in a fair and equitable way we may end up with environmental challenges in space that can harm life on our planet and therefore see LeoLabs as another key investment in our ESG theme alongside Ecovadis.”

In the face of exponential growth in the global space sector, the investment aims to bolster LeoLabs’ operational capabilities, enabling the company to further expand its comprehensive suite of satellite tracking and monitoring services, and underlining GP Bullhound’s continued commitment to supporting sustainable technologies.

“LeoLabs combine the unique benefits of having a strong first mover advantage and a compounding competitive positioning being light-years ahead of their direct competition. On top of that, what’s truly unique about LeoLabs is that they control the data – making them the best positioned commercial player to build out proprietary AI tools for satellite operators.” Hampus Hellermark, Investment Principal at GP Bullhound.

The funding round also includes contributions from Insight Partners, 1941, Velvet Sea Ventures, Space Capital, and the AngelList Syndicate, powering LeoLabs’ mission and vision for a safe, secure, and sustainable future in space.

GP Bullhound invested through Fund VI. Other recent software investments include EcoVadis and CoverManager.

Enquiries
For enquiries, please contact:
Hampus Hellermark, Principal, at hampus.hellermark@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders.  Founded in 1999, with a global team of 150+ employees, the firm now has 14 offices across key hubs such as London, San Francisco, New York, and Paris. For more information, please visit www.gpbullhound.com. 

About LeoLabs
LeoLabs, Inc., founded in 2016 and based in the San Francisco Bay Area, is a company dedicated to providing the core software infrastructure for space operations. Through a proprietary network of radars across the globe, LeoLabs delivers highly accurate and reliable LEO data services and analytics to help navigate the rapidly growing space industry.