ChapsVision: Europe’s Rising Big Data Powerhouse Aiming for IPO

ChapsVision: Europe’s Alternative to Palantir

ChapsVision, a French Big Data startup, is often called ‘Europe’s Palantir.’ Founder Olivier Dellenbach finds this comparison flattering. He believes it sets a benchmark for their growth.

Palantir has a market cap of $140 billion and revenues over $2 billion. In contrast, ChapsVision is a growing startup with 1,000 employees. They expect to earn €200 million this year and report a profit with an EBITDA margin of 20%. The startup recently raised €85 million from French investors, which will support their active merger and acquisition (M&A) strategy. Since 2022, they have acquired 27 companies.

Dellenbach plans for an IPO but specifies no timeline. Unlike other European tech firms seeking U.S. markets, ChapsVision aims for a European listing. He believes the Euronext market offers opportunities, especially for large-cap companies.

ChapsVision, founded in 2019, provides data analysis tools for businesses and governments. They have over 600 customers, including well-known brands like LVMH and Unilever. The company has also secured government contracts, including projects for video surveillance during the 2024 Summer Olympics.

Since its inception, ChapsVision’s growth strategy has focused on M&A. Recent acquisitions include ACIC, a Belgian video analysis firm, and Owlint, a French data-scraping startup. Dellenbach plans to continue this strategy, targeting established businesses in various European countries.

Dellenbach emphasizes the importance of data sovereignty and security. He believes the current global situation has shifted perceptions, making data analysis tools more necessary.

ChapsVision aims for 50% growth next year, with profit margins between 20% and 25%. The company’s focus on profitability aligns with Euronext’s expectations. As they expand, ChapsVision strives to remain a key player in Europe’s data landscape.