Throughout the summer, Bootstrap Europe continued to pique the interest of notable investment-focused podcasts such as EU VC, hosted by Andreas Munk Holm, publications such as EU Startups and Startup Reporter, and were included in Pitchbook’s piece on why European startups are picking debt over equity.
Pitchbook: Why some European startups are picking debt over equity?
The piece consists of some interesting statistics about the state of venture lending, which is nearing a record high in Europe despite equity rounds declining. “Venture debt deal value has already hit €17.8 billion (about $19.1 billion) in Europe this year, according to PitchBook data, beating last year’s €12.9 billion total. At the current pace, it will also surpass 2022’s record of €28.1 billion.”
Bootstrap Europe was mentioned, with the piece ending on a positive note stating “that as interest rates come down, venture debt will become more cost-effective for borrowers, leading to even more of an uptick and perhaps improved terms”.
You can read the full piece here.
EUVC, hosted by Andreas Munk Holm
An hour-long interview where co-founder and Managing Partner, Fatou Diagne speaks to Andreas Munk Holm on everything growth debt. From current trends to future projects, the in-depth conversation covers everything you need to know about how growth debt plays into the tech and life sciences world today.
You can listen to the full podcast here.
EU Startups
For any company considering growth debt as an option, this piece carefully showcases why the tool may not be for everyone. A must read for businesses fundraising and researching their options.
You can read the full piece here.
Startup Reporter
Throughout this piece, co-founders and Managing Partners, Stephanie Heller and Fatou Diagne outline when growth debt is the right choice for a business and why it’s not necessarily a viable option for more than 90% of businesses as companies have to demonstrate a proven revenue-generating business model and significant growth potential.
You can read the full piece here.
Notable mention: new portfolio client – Dexory
We are thrilled to welcome robotics and data intelligence scaleup, Dexory, to our portfolio of clients. Bootstrap participated in their $80m Series B round with investors such as Latitude Ventures, Wave X and existing investors, Atomico, Lakestar, Capnamic and several angels from the logistics industry.
You can read more about Dexory’s fundraise at Sifted, Tech EU and Fin SMEs.
New partner – Quantium
It’s incredibly important to choose the right provider for investor reporting, and last week, we were delighted to welcome Quantium as our chosen partner.
Robert Uren, Bootstrap Europe’s Fund Controller, stated: “As Bootstrap enters a new phase of growth, we were looking for a provider to power our portfolio and fund reporting process which is aligned with the same innovative DNA we are weaving into all of our processes. Quantium allows us to continue scaling and streamlining our operations in line with our ambitions.
It is vital for our team to have a single source of truth for portfolio, fund and investor data. Quantium provides all of this and more, with toolkits to generate forecasts, performance dashboards, and investor reporting.”
You can read the full blog here over at Quantium outlining the partnership.
