Employee share-based incentives are a powerful tool for European scale-ups, but they also introduce accounting and governance complexities that are often underestimated. This article explains what IFRS 2 requires in practice, highlights the most common pitfalls we see in venture-backed and co-investment transactions, and outlines how founders and CFOs can avoid unpleasant surprises during audits…
Canada’s defence and dual-use technology sector is entering a decisive growth phase. Backed by a historic increase in defence spending, procurement reform and deeper NATO integration, the market is attracting renewed interest from venture and growth investors. For capital providers with a cross-border mindset, this shift opens a new, underexplored opportunity set at the intersection…
From 19 to 21 November, part of the Kylla team took part in an intensive board-level training programme organised by The Board Mastery, featuring a full-day Boardroom Simulation Exercise created by INSEAD Immersive Learning. Using virtual reality to navigate a complex M&A transaction, the experience offered rare, hands-on insight into boardroom decision-making under uncertainty. Below,…
As Albania and Montenegro move steadily towards European Union accession, investors are watching a transformation unfold across two of the Western Balkans’ most dynamic economies. Both countries are now on track to complete EU negotiations before the end of this decade, with accession likely around 2028–2030. For investors focused on venture capital and real estate,…
Artificial intelligence is entering a new phase, driven by three powerful developments that are set to transform how businesses operate and how investors identify future value. From systems that can reason across unlimited context, to autonomous agents capable of learning independently, to the rise of text-driven automation, these shifts will reshape global innovation at remarkable…
Europe is preparing for a major shift in how start-ups and growth companies can build, scale, and raise capital. A new proposal, known as the 28th Regime, introduces the EU-Inc, a fully digital and truly pan-European company structure designed to remove many of the legal and administrative barriers that hold young companies back. For founders,…
CoMind’s latest $102.5 million funding round marks a major step forward for European health innovation. The London-based company is developing a non-invasive device that could make brain monitoring as routine as measuring blood pressure. Its success reflects the growing investor appetite Kylla observes for breakthrough medtech ventures that combine science, technology, and strong commercial potential. London-based health-technology company CoMind has secured $102.5 million in funding…
GITEX Global and Expand North Star have confirmed the Gulf’s rise as a global hub for technology and investment. From AI and fintech to climate tech and smart cities, this year’s events showed where capital is heading next. Kylla’s Investment Manager, Sevde Asan, shares insights from Dubai on the innovations and partnerships shaping tomorrow’s markets.…
Albania is offering a 10-year tax holiday and new incentives for defence, dual-use, and high-tech companies. These reforms create unique opportunities for international investors, and Kylla is ready to help structure, finance, and co-invest in ventures that seize them.
Albania has taken a bold step by introducing a new legal framework that positions the country as an attractive base for defence, dual-use, and advanced technology companies. For international firms in aerospace, cybersecurity, and advanced manufacturing, this creates new opportunities not only to enter the Albanian market but also to access one of the most generous incentive packages in the region.
At Kylla, we are often asked whether the success of a company depends more on the strength of the founder’s idea or the way the business is built. Our answer is always the same: ideas can spark a business, but systems are what make it endure.
Many founders fall into what Michael Gerber, in his classic book The E-Myth Revisited, calls the “fatal assumption.” They believe that because they understand the technical work of their craft, they also understand how to run a business that does that work. A gifted baker imagines their pies will sell themselves, a talented engineer thinks their code will be enough to build a company. But the reality is different. Without systems to ensure consistency, efficiency, and growth, the founder ends up working longer and harder than ever, chained to a business that cannot function without them.
I know from personal experience how true this is. Before joining Kylla, I ran restaurants and a delicatessen in Harpenden, England. Without systems, the kitchen and the restaurant would have been total chaos, and we could never have grown to the level we did. Systems brought structure, clarity, and the ability to deliver a consistent, high-quality experience to every customer, every day.
The movie The Founder illustrates this point beautifully. The McDonald brothers had perfected a highly efficient kitchen process, but it was Ray Kroc who realised that the genius was not in the hamburger itself, but in the system that produced it. By designing a model that could be replicated anywhere, with the same results every time, he turned a local diner into a global enterprise. Customers did not flock to McDonald’s because it had the most innovative menu, but because they knew exactly what to expect. The system created trust, and trust created scale.