European B2B start-up growth story has not been impacted during the COVID-19 crisis.
The number of growth-stage funding rounds for European B2B start-ups has not been impacted during the COVID-19 crisis, according to recent research by Mckinsey.
Two interesting examples of larger growth-stage funding rounds during the crisis include:
1). KONUX, a vertical-farming player that combines smart sensors and AI-based analytics to help customers know their assets’ performance in real-time and switch to predictive maintenance.
It aims to digitize the railway sector using a SaaS product offering.
2). Personio, an HR startup that offers a cloud-based subscription product, for small and medium-sized companies (SMEs) ranging from 10 to 2,000 employees.
It is building a holistic SaaS offering that would enable managing all HR processes within only one software.
SaaS is becoming one of the most viable and profitable business models for startups today, and Europe is fast becoming a hub of innovation in SaaS related products and solutions.
https://www.youtube.com/watch?v=pc-Mg8XR3pg
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