December 30, 2025

๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ป๐—ผ๐˜ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฎ ๐˜€๐˜๐—ฎ๐—ฟ๐˜-๐˜‚๐—ฝ ๐—ฝ๐—ฟ๐—ผ๐—ฏ๐—น๐—ฒ๐—บ ๐—ฎ๐—ป๐˜†๐—บ๐—ผ๐—ฟ๐—ฒ. ๐—œ๐˜ ๐—ต๐—ฎ๐˜€ ๐—ฎ ๐˜€๐—ฐ๐—ฎ๐—น๐—ฒ-๐˜‚๐—ฝ ๐—ฝ๐—ฟ๐—ผ๐—ฏ๐—น๐—ฒ๐—บ.

Despite a 10x increase in venture capital since 2003, Europe still lags the US 1:4 in unicorn creation.

The issue isnโ€™t innovation.Itโ€™s ๐—ฎ๐—บ๐—ฏ๐—ถ๐˜๐—ถ๐—ผ๐—ป, ๐—ฒ๐˜…๐—ถ๐˜๐˜€, ๐—ฎ๐—ป๐—ฑ ๐˜€๐—ฐ๐—ฎ๐—น๐—ฒ.

Too many companies aim for small exits.
Too few can secure mega rounds (>$100m) of financing.
Boards often lack the independent Non-Executive Directors (NEDs) firepower needed to steer the company.
Europeโ€™s capital markets remain fragmented and underpowered.

There are, however, encouraging examples.

Take SiPearl โ€” Europeโ€™s high-performance computing leader:
A first-class team (ex-Marvell, Mediatek, ST, etc.), a strong international board (incl truly yours), and a powerful blend of financial, corporate, and public investors (Cathay Venture, Arm, Atos/Eviden, EIC Fund, EIB, French Tech Souveraineteโ€ฆ) which have invested โ‚ฌ130m in the Series A. Work-in-progress but the company has completed its tape-out (61bn transistors, the most complex processor ever designed in Europe). It is now embarking on its Series B which will be around the โ‚ฌ300m mark.

It proves that when Europe aligns ๐—ฎ๐—บ๐—ฏ๐—ถ๐˜๐—ถ๐—ผ๐—ป, ๐˜๐—ฎ๐—น๐—ฒ๐—ป๐˜, ๐—ฐ๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น, ๐—ฎ๐—ป๐—ฑ ๐—ด๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ, we can compete globally.

The challenge now is to make this the norm. Not the exception.

๐Ÿ‘‰ Full manifesto here: https://lnkd.in/e-6ky5Pa