Europe’s startup unicorns

Europe's unicorns, tracked.

Unicorns aren’t the rare beast they once were in European tech — despite the long odds that companies shooting for that milestone still face.

Europe is now home to over 120 unicorns, according to Sifted’s definition, 68 of which graduated in 2021 alone — more than triple the 18 new entries of 2020 and four times as many as all unicorns minted on the continent before 2014. That means Europe made more than five unicorns a month in 2021.

To help you keep track of it all, Sifted’s team has compiled a list of Europe’s unicorns using data from European Startups and our own research — with valuation estimates from Dealroom. We’ll update the list whenever a new company hits the billion-dollar valuation.

Sifted defines a unicorn as a privately held, VC-backed company valued at $1bn. To be considered unicorns, startups must have: reached a $1bn valuation on any round previous to IPO or acquisition, been founded after 2005 and be both founded and headquartered in Europe. Companies valued at $1bn at IPO but never at any prior financing stage are not considered unicorns as they are no longer privately held at that valuation. Please let us know if we’ve missed any at [email protected]

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Paddle's logo

Paddle

Payments infrastructure for software companies

Fintech / Payments

paddle.com

London, United Kingdom

2012

290m

Series D

1.40

200-500

Taxfix 's logo

Taxfix

Tax compliance software

Legal /

taxfix.de

Berlin, Germany

2016

326m

Series D

1.00

200-500

Choco's logo

Choco

Accelerating the world's transition towards sustainable food systems

Food /

choco.com

Berlin, Germany

2018

253m

Series B

1.10

200-500

Grover's logo

Grover

Technology subscription platform

Fintech Home Living /

grover.com

Berlin, Germany

2015

220m

Series C

1.00

200-500

Nord Security's logo

Nord Security

Operates as an internet privacy and security provider for individuals and businesses

Lithuania

2012

90m

Late VC

1.10

501-1000

Staffbase's logo

Staffbase

Communication channels to maximise reach and engagement

Enterprise Software /

staffbase.com

Chemnitz, Germany

2014

270m

Series E

1.00

501-1000

Payhawk's logo

Payhawk

Integrated payment platform

Fintech /

payhawk.com

Sofia, Bulgaria

2018

212m

Series C

1.00

51-200

Scalapay's logo

Scalapay

BNPL platform

fintech /

scalapay.com

Milan, Italy

2019

620m

SERIES B

1.00

50-200

Tripledot Studios's logo

Tripledot Studios

Mobile games developer

London, United Kingdom

2017

178m

SERIES B

1.40

50-200

Scandit 's logo

Scandit

Smart data capture solutions

enterprise software /

scandit.com

Zurich, Switzerland

2009

240m

SERIES D

1.00

200-500

GoCardless's logo

GoCardless

Simple and cheap way to take payments online: no merchant account, no credit card fees, no hassle

fintech / payments

gocardless.com

London, United Kingdom

2011

465m

SERIES G

1.00

500-1000

Dune Analytics's logo

Dune Analytics

Crypto analytics platform

fintech / crypto and defi

dune.xyz

Oslo, Norway

2018

65m

SERIES B

1.00

10-50

Wayflyer 's logo

Wayflyer

eCommerce funding platform

fintech /

wayflyer.com

Dublin, Ireland

2019

208m

SERIES B

1.40

200-500

Veriff's logo

Veriff

AI-powered identity verification tools

security, enterprise software /

veriff.com

Tallinn, Estonia

2015

170m

SERIES C

1.30

200-500

Deliverect's logo

Deliverect

Food delivery management platform

Ghent, Belgium

2018

210m

SERIES D

1.25

200-500

Spendesk's logo

Spendesk

Company cards & payment tracking dashboard

fintech / payments

spendesk.com

Paris, France

2016

250m

SERIES C

1.00

200-500

Flipdish's logo

Flipdish

Online ordering system for restaurants

food / food logistics

flipdish.com

Dublin, Ireland

2015

132m

GE VC

1.15

200-500

Exotec's logo

Exotec

Mobile robots for warehouse management

robotics / logistics

exotec.com/

Croix, France

2015

382m

SERIES D

2.00

200-500

TravelPerk's logo

TravelPerk

Business travel platform managing payments, policies and budgets

Barcelona, Spain

2015

364m

GE VC

1.30

500-1000

Qonto's logo

Qonto

Creates the finance solution all businesses love through technology, elegant design, and an outstanding sense of customer care

fintech / financial management solutions, banking

qonto.com

Paris, France

2016

600m

SERIES D

5.00

500-1000

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