The New York-based firm known for its splash-the-cash, aggressive investment style now has Europe in its crosshairs, pushing up already elevated valua

Tiger Global has invested in 16 European startups worth €70bn this year

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2021-05-24 18:30:08

The New York-based firm known for its splash-the-cash, aggressive investment style now has Europe in its crosshairs, pushing up already elevated valuations, challenging less nimble investors and wooing founders.

So far this year, Tiger’s invested in 16 European startups, which are together worth an estimated €69.6bn, according to Dealroom data.

That’s a huge step up. At the start of 2021, the company had made just six investments in Europe, in companies worth an estimated total €3.2bn. Its recent shopping spree has brought the total European companies in its portfolio to 22, with a total estimated value of €72.7bn.

Tiger’s big push into Europe comes at a time when European VCs are feeling more competitive pressure from international VCs doing deals and hiring investment team members on the continent.

European VCs say that they’ve submitted term sheets to European founders only to find that they have been pre-empted by Tiger Global, at a valuation far beyond what they were willing to pay.