“In Q2, we saw a sharp recovery in performance and valuations in most verticals in the marketplaces sector after the COVID-induced shock. Towards the end of the quarter there was further consolidation in mature verticals (e.g. food), and in general online incumbents have gained significant market share and share of mind versus the offline sector, accelerating an ongoing shift. Going forward, we expect an increase in funding and M&A activity,” said Alessandro Casartelli, Executive Director at GP Bullhound.
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About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.