Boardwave X McKinsey Report

Europe's Moonshot Moment: Fuelling its Tech Ecosystem for Scale

Europe’s Tech Ecosystem is at a turning point. A rare alignment of geopolitical, regulatory, and technological shifts is creating new momentum and opportunity for Europe’s software sector, offering a critical window to build and scale global leaders.

Two professionals greeting with a handshake while networking at a European technology industry conference.

In collaboration with McKinsey & Company, Boardwave has produced a new report offering an insider’s perspective on what’s working, and where focused change could unlock the region’s full potential and enable it to overcome some of the structural barriers, fragmented markets, and scarcity of late-stage capital that have historically prevented it from fulfilling its full potential. Grounded in firsthand insights from European tech founders, CEOs, investors, and ecosystem leaders, as well as Boardwave’s annual member survey, the report also examines the continent’s most successful software companies: those achieving over €100 million in ARR within 10 years or surpassing €500 million in 20 years.

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Report Authors

Ruben Schaubroeck

Ruben Schaubroeck

Senior Partner, McKinsey & Company
Phill Robinson

Phill Robinson

Co-Founder & CEO, Boardwave
Julien Gagnon

Julien Gagnon

Partner, McKinsey & Company
Kath Easthope

Kath Easthope

COO & Co-Founder, Boardwave
Nick Padgett

Nick Padgett

Partner, McKinsey & Company
Aamanh Sehdev

Aamanh Sehdev

Partner, McKinsey & Company
Imogen Sinclair

Imogen Sinclair

New Ventures Lead @ Arena SNK | Ex-McKinsey

Sounding Board

Chano Fernandez

Chano Fernandez

Boardwave Ambassador, Klaviyo's co-Chief Executive Officer
Jean-Philippe Courtois

Jean-Philippe Courtois

Boardwave Ambassador, President & Co-founder, Live for Good Chair, SKEMA Business School Former President and EVP at Microsoft Corp
Léo Apotheker

Léo Apotheker

Boardwave Ambassador, Chairman, Syncron, Eudonet & Harvest Former CEO, SAP & HP
Stephane Kurgan

Stephane Kurgan

Co-Founder, QDE Studio Investor, Index Ventures Former COO, King Digital Entertainment
Vin Murria OBE

Vin Murria OBE

Boardwave Ambassador, Chair, CEO. Founder, NED and Investor. Softcat, Bunzl, ADVT, Molten Ventures
Yves Padrines

Yves Padrines

CEO, Nemetschek

Boardwave Contributors

Abakar Saidov

Abakar Saidov

Co-Founder and Chair, Beamery
Achim Weick

Achim Weick

Founder & CEO, EQS Group
Claudio Corbetta

Claudio Corbetta

Group CEO, team.blue
Dawn Marriott

Dawn Marriott

Boardwave Ambassador, Serial Exec Chair at Hg
Federico Leproux

Federico Leproux

Boardwave Ambassador, CEO Team System
Franck Cohen

Franck Cohen

Boardwave Ambassador, Chairman CYE, GoCardless, Nomadia
Maggie Buggie

Maggie Buggie

Co-Founder, In this Together
Martin Ott

Martin Ott

CEO, Taxfix
Maxime Dubois

Maxime Dubois

CEO, Normandia
Pippa Begg

Pippa Begg

CEO, Board Intelligence
Ruud Hendricks

Ruud Hendricks

Founder Startupbootcamp, Innoleaps & The Talent Institute
Sabine Bendiek

Sabine Bendiek

Boardwave Ambassador, Managing Director, SLB
Sian Jones

Sian Jones

Founder & CEO, Correla
Susan Steele

Susan Steele

Chair, Filtered Technologies | Venture Partner | Emerge VC Board Member, OpenClassrooms

Ready to scale faster with Europe's best

Boardwave is open to European tech founders and CEOs scaling to €100M ARR and beyond.
Membership is curated.
Tell us your stage. Tell us your ambition. We'll show you what's possible.
Boardwave members shaking hands while networking at a community event.

Trusted and supported by Europe's leading investors and advisors

STRATEGIC Partners
Hg
McKinsey & Company
Alliance Partners
A&O Shearman
ASSOSoftware
Alantra
Albertine
Alpha Advisory
Amazon Web Services
Arma Partners
Bank of America
Berenberg
Canaccord Genuity Partners
Crosslake
Deloitte
Egon
Farringford Legal
GP Bullhound
Gazelle Law
H.I. Executive Consulting (H.I.E.C)
HSBC Innovation Banking
Heidrick & Struggles
IBM
Jamieson
Jefferies
La Fosse
LegalEdge
Liberty Corporate Finance
London Stock Exchange
Mindstone
OC&C
Portolano
Propel
Rothschild & Co
Rothschild & Co Wealth Management
Russell Reynolds Associates
Snowball
Solano Partners
Stifel
SuperScalers
Techspace
Teneo
Travers Smith
UBS
VenturePath
West Peak
Wilson Sonsini
Xoriant
INVESTOR Partners
A3c
Advent International
Apax Partners
Ares Management
AshGrove Capital
August Equity
Axiom Equity
BC Partners
BGF
Bain Capital
Beringea
Blackstone
Bridgepoint
CINVEN
Carlyle
Dawn Capital
FPE
FirstPartyCapital
Five Arrows
Francisco Partners
Frog Capital
GCP - Growth Capital Partners
Goldman Sachs Asset Management
H.I.G. Capital
Hellman & Friedman
Highland Europe
KKR
Livingbridge
Mercia Ventures
Oakley Capital
Osprey
Oxx
Permira
Rivean Capital
Sixth Street
Skøyen Software
Smedvig Capital
TA Associates
Thoma Bravo
Upliift
Ventech
Verdane
Warburg Pincus
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