Data-driven investment process is revolutionising European financial services. European tech companies are attracting top global equity investors, corporate partners, and customers. The continent is no longer dominated by one or two hubs: unicorns have emerged in 28 countries and 98 cities, and a total of $275bn was created in exits via M&A, IPOs, direct listings, and SPACs in 2021 alone, marking an exceptional and record-breaking year for entrepreneurial activity and investment flows. Market observers believe that Europe has the strongest ever startup pipeline, on a par with the US, and the future is looking bright.

At GP Bullhound, we serve the needs of the world’s best entrepreneurs with transactional advice, research insights and capital, prioritising the development of data-driven lending products and outstanding customer experience to gain competitive advantage. We believe traditional lending products no longer have the right product or market fit: standardised term sheets with warrants and poorly designed covenants constitute a major hurdle for later-stage tech companies.

By making investments into IT and fully adopting the right data infrastructure and analytic tools across the investment process, lenders can gain higher profitability and stronger security, leading to better, simpler, and more flexible growth lending products, while also improving profitability, risk management and performance for the lenders. The rise of European tech requires a new approach to lending.

Enquiries
For enquiries, please contact:
Olya Klueppel, Partner, at olya.klueppel@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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.

Based in Barcelona, Typeform is a no-code cloud-based SaaS platform that help businesses create and distribute designed forms and collect data through intuitive, conversational experiences. The solution generates over 500 million interactions per year, empowering more than 125,000 customers worldwide to gain insights about their audience. The company has tripled its annualised recurring revenue since 2018.

Joaquim Lecha, CEO of Typeform, commented: “We are very grateful for GP Bullhound’s support and guidance as we proceed to build robust full-funnel solutions, expand our global team and bring people together by enabling more immersive human-led experiences.” David Okuniev, Typeform Co-founder and Lead Designer, said: “We have always held the belief that good design drives results.”

Joakim Dal, Partner at GP Bullhound, commented: “We invest in software products that we love, and Typeform has fascinated us since day one with their easy, highly-engaging platform that substantially increases response rates. We are thrilled to be partnering with Joaquim, David and the rest of the team as they develop the product and continue to help global businesses learn more and engage with their online customers.”

GP Bullhound invested through Fund V. Other recent investments include causaLens, HackerOne, Whoop, Patreon, DuckDuckGo, Discord, Revolut, and Klarna, among many others.

Enquiries
For enquiries, please contact:
Joakim Dal, Partner, at joakim.dal@gpbullhound.com
Carlos de la Esperanza, Principal, at carlos.delaesperanza@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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.

Typeform is a no-code SaaS platform with thoughtfully-designed tools that help companies grow their business by engaging with their audience. Offering people-friendly forms, quizzes, surveys, and asynchronous video solutions, Typeform turns digital interactions into human connection.

Launched in 2012, Typeform drives more than 500 million digital interactions per year and integrates with hundreds of other business-critical tools like HubSpot, Calendly, and Slack, to name a few. The company is headquartered in Barcelona, Spain with an office in San Francisco, California, and has a globally distributed workforce of over 450 people.

For more information, please visit www.typeform.com.

Pedro Clavería, founder and co-CEO of Playtomic, commented: “As Clubs start to embrace digitalisation, they look for smarter ways to improve the user experience for racket players. Playtomic’s mobile application for players, and software for club owners, provide a frictionless booking experience and superior match-making. With the additional funding from GP Bullhound and our other partners, Playtomic is in a strong position to further expand our services into new markets globally.”

Per Roman, Managing Partner at GP Bullhound, said: “After consolidating its position as the leading bookings platform worldwide, Playtomic has become a truly social app where racket sports lovers can interact and challenge each other. We are excited to see how the new capital is used to provide fans and clubs with state-of-the-art software, and to expand this great product into new geographies.”

We are proud to have supported Playtomic since its infancy; the capital for this financing round was provided through Fund IV and our Double Down Fund. GP Bullhound’s recent investments include Whoop, Patreon, DuckDuckGo, Discord, Revolut and Klarna among others.

Enquiries
For enquiries, please contact Carlos de la Esperanza, at carlos.delaesperanza@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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com

Launched in 2016, Lingokids is the playlearning™ app for children between 2 and 8 years old, helping more than 30 million families to expand their children’s vocabulary, improve their literacy skills, and develop important social and emotional skills in a fun, 100% safe, ad-free environment.

Lingokids is dedicated to supporting parents in their child’s learning journey, giving them a parents portal featuring each child’s progress with weekly reports, curriculum overviews, activity timeline, as well as advice and tips for parents’ everyday lives through its Parents Community.

The funding will be used for further international expansion, development of new and engaging forms of content for kids, as well as global hiring, especially for the platform engineering and development teams. Lingokids has raised USD65m to date, reaching a positive EBITDA in 2020.

Cristóbal Viedma, CEO and Founder of Lingokids, said: “High quality, education options that parents can trust are more important than ever. With these new funds and support from GP Bullhound and all of our strategic investors, Lingokids will be able to reach millions more families to help young children learn through the most impactful type of education there is at this age: play.”

Per Roman, Co-Founder and Managing Partner at GP Bullhound, added: “The pandemic has accelerated the digitalisation of education and we are seeing a huge momentum in the edtech sector. With this new investment we are proud to support Cristóbal Viedma and the great team at Lingokids on their mission to break down educational barriers and create equal opportunities for children across the globe.”

GP Bullhound invested through Fund V, following other recent investments including Glovo, Wallapop, Discord, Sesamy, Vivino, Elias, DuckDuckGo and MariaDB. 

Enquiries
For enquiries, please contact Carlos de la Esperanza, Associate, at carlos.delaesperanza@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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com

Lingokids is the playlearning™ app for children between 2 and 8 years old, helping more than 30 million families learn while they play. The award-winning app’s playlearning™ method enables children to expand their vocabulary, improve their literacy and STEM skills, and develop important social and emotional skills like creativity, communication, collaboration, and critical thinking in a fun, 100% safe, ad-free environment.

Founded in Barcelona in 2015, Glovo is a pioneering multi-category delivery app and one of the world’s leading delivery platforms. It operates in Southern Europe and EEMEA, connecting users with restaurants, grocery chains, pharmacies and retail stores.

Following this latest funding round, the largest in history for a Spanish startup, Glovo will invest in expanding its footprint in the 20 markets in which it currently operates. The company will also focus on growing its newly-launched Q-Commerce division, which forms a significant part of its strategic commitment to multi-category deliveries in these markets.

Oscar Pierre, Co-founder and CEO of Glovo, said: “We’re thrilled to have the continued backing of GP Bullhound and all of our existing investors. Over the last few months, we’ve moved very, very quickly but our vision remains unchanged. This investment will allow us to double-down in our core markets and accelerate our leadership position, continue to expand our excellent Q-Commerce division, as well as bring new innovations to our unique multi-category offering to extend more choice to our customers.”

Joakim Dal, Partner at GP Bullhound, added: “As long-standing investors in the company, we are excited to continue supporting Glovo. There is currently a tremendous momentum in the online delivery sector, and we strongly believe in Glovo’s power of innovation, and its vision of delivering anything, anywhere.”

GP Bullhound invested through Fund V, following other recent investments including Wallapop, Discord, Vivino, Elias, DuckDuckGo and MariaDB.

Enquiries
For enquiries, please contact:
Joakim Dal, Partner, joakim.dal@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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com

Wallapop’s geo-localised technology connects a community of 15 million users in Spain by offering an easy and convenient way to buy and sell items that are no longer used. The platform, which has found a second home for more than 180 million items, provides people with access to unique goods at great prices, while extending the life of fully functional products.

Since its inception, wallapop has been committed to continuous innovation in the online classifieds industry and second-hand market and aspires to use technology to contribute to sustainability. The company closed 2020 with over 50% revenue growth, proving the consolidation of its monetisation channels and its business model.

This latest round will enable wallapop to continue to expand its footprint in the Spanish market, and improve its user experience by making it even more convenient to buy and sell second-hand and unique products, while continuing to build its platform for small businesses and entrepreneurs.

Rob Cassedy, CEO of wallapop, commented: “At a time in which society is experiencing the economic impact of COVID-19, we are committed to using technology and disruptive innovation to empower our buyers and sellers to participate in a new, more sustainable way of consuming. We are grateful for the continued trust of our existing investors and very excited to partner with Korelya and NAVER, one of the world’s most innovative tech companies, as we continue expanding wallapop’s footprint by bringing the best experience to our community.”

Joakim Dal, Partner at GP Bullhound, added: “GP Bullhound is proud to continue supporting wallapop and to be joined by such a strong set of new investors. Having followed the company for several years, we strongly believe in its vision of using technology to build a more conscious, engaging and human way of consumption.”

GP Bullhound invested through Fund V, following other recent investments including Vivino, Elias, DuckDuckGo and MariaDB.

Enquiries
For enquiries, please contact:
Joakim Dal Partner, at joakim.dal@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 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com