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

Odoo's logo

Odoo

Offers an integrated suite of business apps built through an open-source development model

enterprise software /

odoo.com

Chaumont-Gistoux, Belgium

2005

207.55m

GROWTH EQUITY VC

2.09

1000-5000

Glovo's logo

Glovo

Barcelona-based startup and the fastest-growing delivery player in Europe, Hispanic America and Africa, with food at the core of the business, delivers any product within cities at any time of day

food, transportation / food logistics & delivery, logistics & delivery

glovoapp.com

Barcelona, Spain

2015

902.14m

SERIES F

1.99

5001-10000

Aiven's logo

Aiven

Fully-managed open source data infrastructure immediately deployable in public clouds

enterprise software /

aiven.io

Helsinki, Finland

2016

190.91m

SERIES C

1.82

200-500

BlaBlaCar's logo

BlaBlaCar

The go-to marketplace for shared travel

travel, transportation / mobility

blablacar.com

Paris, France

2006

509.96m

CONVERTIBLE

1.82

500-1000

Improbable's logo

Improbable

A cloud-based platform for game developers to create AI-powered simulated worlds

gaming, enterprise software / console & pc gaming

improbable.io

London, United Kingdom

2012

547.27m

GROWTH EQUITY VC

1.82

500-1000

Kry's logo

Kry

Consult a doctor online

health / health platform

kry.se

Stockholm, Sweden

2014

510.65m

SERIES D

1.82

500-1000

SWORD Health's logo

SWORD Health

Connects licensed physical therapists with innovative technology to help people overcome their chronic and post-surgical pain faster and more cost-effectively

Porto, Portugal

2015

270.97m

SERIES D

1.82

200-500

TIER's logo

TIER

Offering easily-accessible and affordable mobility services going beyond reducing emissions linked to charging and include production

transportation / mobility

tier.app

Berlin, Germany

2018

583.55m

SERIES D

1.82

500-1000

Zilch's logo

Zilch

Buy now pay later product that allows its customers to shop and save money

fintech / payments

payzilch.com

London, United Kingdom

2018

209.09m

SERIES B

1.82

50-200

Karma Kitchen's logo

Karma Kitchen

Transforms industrial spaces into commercial kitchens, co-working and storage

real estate, food / food logistics & delivery, workspaces

karmakitchen.co

London, United Kingdom

2018

302.4m

SERIES A

1.81

10-50

NuCom Group's logo

NuCom Group

Omnichannel platform for consumer services and lifestyle brands in Europe

Unterföhring, Germany

2018

500m

GROWTH EQUITY VC

1.80

10-50

commercetools's logo

commercetools

Cloud-based e-commerce software focused on APIs and micro services for real omnichannel customer experiences

marketing / ecommerce solutions

commercetools.com

Munich, Germany

2006

273.45m

SERIES C

1.73

200-500

Voodoo's logo

Voodoo

Casual games developer for mobile

gaming / mobile gaming

voodoo.io

Paris, France

2013

447.82m

LATE VC

1.70

200-500

bunq's logo

bunq

Reinventing money itself with mobile technology

fintech / banking

bunq.com

Amsterdam, Netherlands

2012

237.9m

SERIES A

1.60

200-500

Berlin Brands Group's logo

Berlin Brands Group

Designing, producing, and selling products in the home and living, consumer electronics, sound and light, and sports categories

Berlin, Germany

2005

409.09m

GROWTH EQUITY VC

1.59

500-1000

Starling Bank's logo

Starling Bank

Mobile-app based bank

fintech / banking

starlingbank.com

London, United Kingdom

2014

876m

LATE VC

1.56

1000-5000

Vestiaire Collective's logo

Vestiaire Collective

Curates and connects the world's most desirable wardrobes and provides a trusted and sustainable new way of buying and selling pre-loved items

fashion / footwear, accessories, luxury, apparel

vestiairecollective.com

Paris, France

2009

587.73m

GROWTH EQUITY VC

1.55

500-1000

Hibob's logo

Hibob

Cloud based HR management software

jobs recruitment, enterprise software /

hibob.com

London, United Kingdom

2015

240.88m

SERIES C

1.50

200-500

Alan's logo

Alan

A digital health company that revolutionizes health insurance by focusing on user experience with excellent price-quality ratio health plan

health, fintech / insurance, health platform

alan.com

Paris, France

2016

309.82m

SERIES D

1.40

200-500

GoStudent's logo

GoStudent

Online tutoring platform

education / learning tools and resources, education providers

gostudent.org

Vienna, Austria

2016

284.98m

SERIES C

1.40

1000-5000

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