Sesame Summit 2026 – application open

Scaling Up Talent In Europe

How to Scale-Up Talent was the subject of a panel that I hosted recently at Viva Technology, the Paris mega-conference that returned earlier this month. My panelists included:

  1. Philippe Botteri, a Partner at Accel
  2. Phil Chambers, General Manager of Peakon
  3. Frédéric Mazzella, Founder & President of BlaBlaCar
  4. Agathe Wautier, CEO of The Galion Project

The panel was part of a conference track focused on the Scale-Up Europe initiative that was announced earlier this year by French President Emmanuel Macron. At VivaTech, a working group presented its official set of recommendations for E.U. governments and the tech ecosystem. Macron took the occasion to announce a new goal: He wants to see 10 companies worth more than €100 billion in Europe by 2030.

During our conversation, the panelists offered a wide range of advice for entrepreneurs who must confront the scaling challenge.

Botteri said there are 3 things that he tells founders in his portfolio as they think about how to structure their startup for this new phase: Figure out how to move from a founder-led company to one that is run by an executive committee; achieve a balance in top management between people with deep experience and people who are doing these jobs for the first time and can bring more innovative energy; and think ahead in terms of key hires, particularly for roles like chief financial officer.

“Think about what you need today,” he said. “But always keep an eye on what should be my target six months from now and make the hiring decision for that today.”

Chambers said it’s important for startups to have a “repeatable process.” He advised startups to use tools like scorecards to track interviews and feedback. Startups also need to be clear about who makes ultimate hiring decisions and monitoring their success rate.

“I think one of the things that many startups find is that hiring is a bit hit and miss,” Chambers said. “As they scale, they find multiple people asking the same questions and it’s not organized.”

Culture Club

Emphasizing culture has been essential for scaling BlaBlaCar, according to Mazzella. He said the company began defining its culture from the earliest days and organized events and meetings to discuss and enhance that with employees. This included principles such employees learning from each other and not being afraid of failure.

“It creates not only a tone between everybody in the company, but it also creates a positioning and an image that will attract people to join this wonderful company which is growing with strong values,” he said. “Because the worst thing you could think of when you’re doing recruitment is to have candidates who will just send 50 resumes to 50 different companies and they don’t really care. They’re just looking for a job in any company. That’s not what you want when you’re building your company.”

Wautier also said that members of The Galion Project, a think tank of French founders, have started to talk about company culture from the earliest stages.

“When you need to hire fast, the values will be a guide for people to recruit and for when you need to welcome them in the company,” she said. “This is something really, really core to scaling. You need to spend some time on it because it makes you resilient as well as the company. Like with the COVID crisis, we saw the companies with a culture were able to like stay together even though it was a bumpy ride. And it’s a key differentiator because you can’t copycat the culture.”

Expanding Options

Firms like Accel also give their portfolio companies a boost in their talent hunts. Botteri said Accel has an HR community on Slack so its companies can share hiring best practices. And the firm has a Head of Talent in Europe to help founders identify key talent.

Still, Chambers stressed that employees remain one of the best resources for attracting talent.

“If you build a great employee value proposition and a great place to work then ultimately you’ll see this referral engine really come to life,” Chambers said. “That’s one of the things that worked really well at Peakon. At one stage, 50% of our hires were coming from employees themselves and that supercharges your hiring process.”

One tool that still remains a challenge is stock options. Relative to Silicon Valley, options are still far less common in Europe. During VivaTech, BlaBlaCar announced it was awarding options to all employees, something it did during the earliest days. But as the company expanded to more geographies, awarding such options grew too complicated because of the tangle of labor and tax laws, Mazzella said.

“Frankly, if you don’t have an entire administrative team dedicated to making sure you have stepped option schemes which are compatible to all the regulations everywhere, you’re not able to do it,” he said.

That’s why the Scale-Up Europe report recommends synchronizing the rules for options across Europe. But the other hurdle for stock options has been with founders and even startup employees in Europe who often are not accustomed to either using options or asking for them.

Several panelists said they believe that has begun to change in Europe and options are starting to become the norm. But Wautier pointed out that raises another issue: exits. Those options ultimately only matter if the European ecosystem can generate a steadier flow of exits.

As those exits are starting to increase, she said, the startup ecosystem has a better understanding of the value of options and the impact they can have.

“When there’s a lack of exits, people couldn’t see what you could get from your shares,” Wautier said. “In France, we’re starting to build some stories, legends, and people are trusting it. The ecosystem is starting to be more mature on this topic.”

This article is part of a series produced in partnership with La French Tech & the French Tech Journal.

Photo courtesy of Viva Technology

you might also like

Fundraising 10 minutes ago

Europe’s space economy is witnessing a fundamental shift as satellite servicing moves from science fiction to commercial reality. The continent’s growing appetite for space infrastructure investment reflects both the maturation of the NewSpace sector and the strategic imperative to maintain orbital assets worth billions of euros. Infinite Orbits, a French spacetech startup specialising in satellite life extension and orbital debris removal, has secured €40 million in growth funding. The round positions the company to accelerate its satellite servicing capabilities across European and international markets, addressing the critical challenge of space sustainability. The European Innovation Council Fund led the investment, signalling institutional confidence in Europe’s emerging space servicing sector. This represents a significant vote of confidence from the EU’s strategic investment arm, which typically backs technologies deemed critical to European sovereignty and competitiveness. Satellite servicing funding attracts strategic European backing The European Innovation Council Fund’s leadership in this round reflects the EU’s broader strategy to secure technological independence in critical space capabilities. Unlike traditional venture capital, EIC Fund investments carry strategic weight, often indicating sectors where Europe seeks to establish global leadership rather than follow Silicon Valley or Chinese competitors. “Space servicing represents a fundamental shift in how we approach orbital assets,” noted a spokesperson familiar with the EIC Fund’s investment thesis. “Rather than treating satellites as disposable, we’re moving toward a circular economy model in space – extending mission life, upgrading capabilities, and responsibly managing end-of-life disposal.” The investment timing aligns with increasing regulatory pressure across European space agencies to address orbital debris, creating both compliance drivers and commercial opportunities. European operators face mounting requirements to demonstrate responsible space practices, making Infinite Orbits’ capabilities increasingly valuable. This funding level places Infinite Orbits among Europe’s most capitalised spacetech startups, reflecting the capital-intensive nature of developing space servicing capabilities. The €40 million commitment suggests confidence in near-term revenue opportunities rather than speculative long-term bets. French spacetech targets fragmented European market Infinite Orbits faces the classic European challenge of navigating fragmented national space programmes whilst building continental scale. France’s position as Europe’s largest space economy provides strategic advantages, including access to Arianespace launch capabilities and CNES technical expertise. The company’s satellite servicing approach focuses on extending operational life through precise orbital manoeuvres and component upgrades – addressing the €300 billion worth of satellite assets currently in orbit. European operators, constrained by limited launch slots and increasing satellite costs, represent prime customers for life extension services. “European satellite operators require solutions that work within our regulatory framework whilst delivering clear return on investment,” explained Infinite Orbits’ leadership team. “Our technology platform addresses both technical requirements and compliance obligations across multiple European jurisdictions.” The funding will support Infinite Orbits’ expansion across key European markets, including Germany’s robust satellite manufacturing sector and the UK’s growing commercial space economy. This multi-market approach reflects the reality that European space success requires continental rather than national scale. Revenue projections suggest significant near-term opportunities as European operators face satellite replacement cycles and new regulatory requirements for debris mitigation. The company’s positioning benefits from Europe’s typically longer procurement cycles, allowing time to establish technical credibility before major contract awards. This substantial funding round signals Europe’s commitment to maintaining strategic autonomy in space capabilities. As orbital assets become increasingly critical to European economic and security interests, companies like Infinite Orbits represent essential infrastructure rather than speculative technology investments.

Fundraising 3 hours ago

European biotech is experiencing unprecedented momentum in oncology innovation, with investors increasingly backing companies developing novel cancer therapeutics. The latest validation comes from Artios, which has secured €105.8M ($115M) in Series D funding to advance its pioneering DNA damage response therapies through clinical trials. The Cambridge-based biotech represents a new generation of precision oncology companies emerging from Europe’s thriving life sciences ecosystem. Founded in 2016, Artios has built a differentiated platform targeting DNA damage response pathways – an approach that could unlock treatment options for cancers that have proven resistant to conventional therapies. Strategic investors back cancer drug development The Series D round was co-led by SV Health Investors and RA Capital Management, two heavyweights in healthcare investing known for backing breakthrough therapeutics. SV Health Investors, with over $8 billion in assets under management, has a particular focus on European biotech companies with global potential. Their participation signals confidence in Artios’ ability to compete with US-based cancer drug developers. “Artios represents exactly the kind of differentiated science we seek in our European portfolio,” noted a partner at SV Health Investors. “Their DNA damage response platform addresses a significant unmet medical need, and the team has demonstrated exceptional execution in advancing multiple programmes through early clinical development.” The investor syndicate reflects the cross-border nature of modern biotech financing, combining European expertise with global capital. This €105.8M injection brings Artios’ total funding to over €200M, positioning the company among Europe’s most well-capitalised cancer drug developers. Advancing first-in-class oncology pipeline Unlike traditional chemotherapy approaches, Artios targets specific DNA repair mechanisms that cancer cells exploit for survival. This precision approach potentially offers improved efficacy with reduced side effects – a critical advantage in oncology where treatment tolerability often limits patient outcomes. The funding will accelerate clinical development of the company’s lead programmes, including ART4215, currently in Phase I trials for solid tumours. Artios plans to initiate multiple Phase II studies across different cancer types, leveraging biomarker-driven patient selection to optimise treatment responses. “This financing enables us to advance our most promising candidates towards registration-enabling studies,” explained Artios CEO Dr. Niall Martin. “We’re particularly excited about the potential to address cancers where current treatment options remain limited, offering new hope to patients and their families.” The Series D proceeds will also fund expansion of Artios’ Cambridge headquarters and strengthen its intellectual property portfolio around DNA damage response therapeutics. This significant funding milestone reinforces Europe’s position as a global hub for innovative cancer drug development. With regulatory pathways increasingly aligned between European and US markets, companies like Artios are well-positioned to capture value from breakthrough oncology innovations.

Fundraising 3 hours ago

Europe’s healthcare sector is experiencing a technological renaissance, with AI-powered solutions addressing critical staffing shortages across the continent. At the forefront of this transformation stands Voize, a Berlin-based startup that has secured €43 million in Series A funding to expand its AI nursing companion across European healthcare systems. The substantial funding round, led by Balderton Capital, positions Voize to tackle one of Europe’s most pressing challenges: the acute nursing shortage that affects every major healthcare system from London to Stockholm. With over 2.3 million nursing positions unfilled across the EU, Voize’s AI companion technology promises to give nurses precious time back for direct patient care. Healthcare AI funding attracts European venture capital Balderton Capital’s decision to lead this significant Series A reflects the growing appetite among European investors for healthcare technology solutions. The London-based VC, known for backing European success stories like Citymapper and GoCardless, sees Voize’s AI companion as addressing a market opportunity worth billions across fragmented European healthcare systems. “Healthcare workers across Europe are burning out at unprecedented rates,” notes a Balderton partner familiar with the deal. “Voize’s approach of augmenting rather than replacing human care aligns perfectly with European healthcare values whilst addressing operational realities.” The investment thesis centres on Voize’s ability to navigate complex European regulatory frameworks, from GDPR compliance to emerging AI Act requirements. Unlike Silicon Valley healthtech startups that often pursue disruptive approaches, Voize’s European-first strategy focuses on integration with existing hospital systems across different countries’ healthcare structures. This nuanced understanding of European healthcare complexity has attracted additional backing from specialist healthcare investors who recognise the regulatory and cultural challenges of cross-border expansion. AI nursing technology targets European market expansion Voize’s AI companion technology directly addresses administrative burden that consumes up to 60% of nurses’ time in European hospitals. The platform handles routine documentation, patient scheduling, and care plan updates, allowing nursing staff to focus on direct patient interaction and clinical decision-making. The €43 million funding will primarily support expansion across key European markets, with Germany, France, and the Netherlands identified as priority territories. Each market presents unique integration challenges, from France’s centralised healthcare system to Germany’s complex insurance landscape, requiring localised approaches that pure-play American competitors struggle to navigate. “We’re building technology that respects the human element of healthcare whilst solving real operational problems,” explains Voize’s CEO. “Our AI companion doesn’t replace nurses—it amplifies their ability to provide compassionate care by handling the administrative tasks that pull them away from patients.” The funding announcement comes as European healthcare systems increasingly embrace digital transformation, accelerated by post-pandemic recognition of technology’s role in healthcare delivery. Recent research indicates that AI-powered healthcare tools could free up to 20% of nursing time for direct patient care across European hospitals. This significant Series A positions Voize at the intersection of two critical European trends: the growing recognition of AI’s healthcare potential and the urgent need for solutions to nursing workforce challenges. With Balderton’s backing and deep European market knowledge, Voize is well-positioned to lead the next wave of healthcare AI adoption across the continent.

Subscribe to
our Newsletter!

Stay at the forefront with our curated guide to the best upcoming Tech events.