Startup accelerator and investor Y Combinator — a famed name in global tech and one of the few accelerators VCs say startups should bother with — today unveiled the list of European startups accepted into its summer 2024 batch.
Just 11 of the 223 companies accepted are based in Europe — the lowest figure since 2018. The previous cohort had 14 European companies, and the one before that accepted 27 European companies. 54% of this season’s global cohort are described as working on AI, according to YC’s website.
The programme will kick off in September at Y Combinator’s campus in San Francisco. It runs for 12 weeks and gives participants the chance to meet famous founders from tech giants like Airbnb, Stripe, DoorDash and Reddit. Each company in the cohort is also paired with one of YC’s group partners — like Monzo cofounder Tom Blomfield and Algolia cofounder Nicolas Dessaigne.
Here is the list of European startups that have publicly announced their participation in the summer batch, or are listed as Europe-based on YC’s website.
Omnidock
HQ: Berlin
Omnidock helps merchants sell their products on multiple platforms — from Amazon and Target to Walmart.
The Forecasting Company
HQ: Paris
French startup The Forecasting Company builds planning models. It’s currently focused on forecasting models for the logistics industry.
ReactWise
HQ: Cambridge, UK
ReactWise is an AI copilot for novel drug manufacturing. Its software accelerates chemical process development by helping wet-lab chemists employ machine learning-based modelling.
Saturn
HQ: London
Saturn is an AI-powered operating system for wealth management. It automates investment research and ensures compliance for over 200 investment firms.
Ideate.xyz
HQ: London
Ideate is working on an AI tool to help designers with content creation. It’s focused on thumbnail designs for social media channels, and says the tool can help with layout, composition and imagery.
Patchwork Technologies
HQ: London
Patchwork automates the process of logging code — where developers record and store information.
Tabular
HQ: Berlin
Tabular is an AI copilot for accounting firms. Its software automates tasks like classifying documents and determining VAT filings.
Glasskube
HQ: Vienna
Glasskube is building a new packaging ecosystem for Kubernetes, the open source system for automating software deployment.
Evolvere BioSciences
HQ: Oxford, UK
Founded by a team of biochemists and biologists who met at Oxford University, Evolvere BioSciences is using computational models to make the next generation of antibiotics.
Fuse
HQ: London
Fuse uses artificial intelligence to analyse contracts and payment flows so that healthcare companies can detect underpayments.
Presti
HQ: Paris
Presti creates AI-powered product visuals for furniture companies.
Note: This list was updated on August 29 to add Presti, bringing the total to 11.
