After a decade of stellar returns across fashion, electronics, and luxury, the exit landscape for recommerce is evolving. We unpack where the next major wave of recommerce exits will come from.

Why do some recommerce marketplaces reach profitability in 3 years while others take over 15? We dive into the economics behind P2P and managed marketplaces to uncover what really drives the timeline to positive EBITDA.

Discover how AI is rewiring the real estate ecosystem. We mapped 80+ AI-native tools helping agents, buyers, and sellers bypass traditional property portals.

How is AI changing the economics of consolidation? We dive into Europe's €250bn accounting market and the new platforms acquiring local practices to rebuild them around shared software and AI.

We examine who is backing Europe's AI roll-ups and how funding strategies differ across business models.

We explore some of the most important AI roll-ups emerging across Europe within each of these sectors.

We uncover changes in public market marketplace valuations over the past 12 months, and where the repricing seems justified — and where less so.

We explore some of the best and worst performing marketplaces per sector, and share a few perspectives on what has driven their success.

We analyse 40 exits to uncover the categories, entry points and platforms that produced the biggest outcomes and where the next 10x opportunities may lie.

We analyse 182 later stage European marketplaces to uncover where capital is creating the most value—and where the next outliers may emerge.

We explore how growth funding in European marketplaces has evolved between 2021 and 2025.

We analyse 1,000+ early-stage rounds to reveal which verticals are attracting investors and where new marketplace models are emerging.

We examine the operating models behind Europe’s leading electronics recommerce players.

We explore how valuations across marketplaces and SaaS have evolved, why transactional models are proving more resilient, and what this means for the future of platforms in an AI-native world.

We assess whether job boards can capture the new matching layer or risk being displaced by AI-native challengers.

Property portals are not standing still. We assess if this innovation is enough to fend off the threat from LLMs and AI-native proptech challengers.

We examine where AI-native marketplaces pose a genuine threat across recruitment, real estate, and automotive.

AI is more than tech; it is the demand, the supply, and even the marketplace itself. We discuss how AI is creating entirely new marketplace categories.

LLMs are rapidly reshaping how buyers discover products, compare options, and form intent… but are they really displacing marketplaces?

We examine which parts of the marketplace stack are most vulnerable to AI-led disintermediation, and where moats get stronger.

We reveal how AI weakens the moats of SaaS businesses, yet reinforces those of well-designed marketplaces.

We reinterpret Helmer’s framework through the lens of marketplaces.

We examine the defensive strategies portals are deploying to fight off challenges from new entrants.

We explore how we may be moving past the initial AI hype into a phase of fundamental disruption.

We set the stage for the arrival of AI and the particular challenges it brings to portals.

We reveal how online property portals can be one of the most lucrative and defensible business models in the digital economy.