The Belgian scale-up Awingu has been selected to represent Belgium during the second edition of the ‘Startup Europe comes to Silicon Valley’ program. During that week-long event, 18 European tech startups engage with important US industry players for sales, funding, and collaboration opportunities.
In order to rapidly scale up on the other side of the Atlantic, CEO’s from fast growing European tech startups have been invited to San Francisco for a week of local presentations and meetings, kicking off on September 12 with the European Innovation Day at the Computer History Museum in Mountain View.
Companies from Belgium, Finland, France, Germany, Iceland, Italy, Luxembourg, Netherlands, Romania, Spain, Slovenia, Sweden and the UK will be in the Valley to engage with the US market in their respective industries. The tech companies cover verticals such as e-commerce, healthcare, security and storage.
“These companies epitomize European Innovation—the next TomTom, Spotify, or BlaBlaCar—and we are convinced that their participation in SEC2SV will strengthen the two-way bridge between the European and the Bay Area ecosystems creating value and jobs for both continents,” states Marko Turpeinen, Director of EIT Digital’s Silicon Valley Hub. Together with Startup Europe and Mind the Bridge, EIT organizes this event.
“We’ve already seen impressive results from the startups that participated in the previous edition”, says Marco Marinucci of Mind The Bridge. “For example, JobandTalent (Spain) raised $42M in a Series B after the event and Mosaicoon (Italy) raised $8 million. I expect equally impressive results from this year’s cohort.
18 scale-ups were selected to represent Europe in the program, based on proposals by Silicon Valley-based partner organizations focused on an EU country or region. The requirements to be considered is to have had at least ten employees three years ago and to be growing more than 20% year-over-year in revenue or number of employees.
The final selection was made by a group of investors composed of Startup Europe Partnership (SEP) Investors Forum members and U.S. investors. Awingu, led by CEO Walter Van Uytven, already raised 17 million euros and works with 27 employees. The scale-up offers a web-based platform that allows easy access to files, applications, and software thus offering a concrete solution to demands for Mobility and ‘Bring your own device’ (BYOD) trends.
By Frederik Tibau