Our map infographic shows the top tech startups mapped by European country, as determined by funding totals. They include Spotify, Delivery Hero, and Deliveroo.

Europe is home to prominent startup and innovation hubs like Berlin, Stockholm, and London. However, the tech boom is diffusing across continental Europe and startups are emerging outside of the established hotbeds for technology and innovation.

Ireland (Future Finance), Spain (Cabify), and Denmark (Trustpilot), to name a few, all have at least one tech startup that has raised $100M+ to date. One of the least well-known but certainly notable startups in Europe is the Czech Republic’s cybersecurity player AVAST Software, which has raised $100M and is valued at $1B. Also, payments company Adyen in the Netherlands has raised $266M and has a valuation of $2.3B.

Using CB Insights data, we analyzed the most well-funded tech startups in Europe by country based on disclosed equity funding. We excluded debt funding and only considered VC-backed companies that have raised at least $1M of equity funding to date. Companies that haven’t raised since 2014 were not considered.

With these criteria for selection, sixteen countries did not make the map — including Vatican City, Liechtenstein, and others. The least well-funded startup in our infographic is in Slovakia: the online ID & password management company SaferPass, with $1M in equity funding. The most well-funded startup pictured below is Spotify in Sweden, with $2.3B of equity funding to date.

Six tech unicorns – private tech companies valued at $1B+ or more – are represented among the 34 startups below. These include (in order of equity funding raised): SpotifyDelivery Hero, DeliverooBlaBlaCarAdyen, and AVAST Software.

See the infographic below. The full list of startups is included at the end of this post.

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Q1 2017 VC Report: Global Funding Rises 15%
Just 3 new VC-backed companies topped $1B+ valuations in Q1’17, remaining well behind 2015’s pace. Download the CB Insights and PwC MoneyTree Report today.

Click on the image below to enlarge.

updated map 9-8-16


Most Well-Funded Companies By European Country 2014-2016 YTD (9/8/2016)
Company Headquartered
Spotify Sweden
Delivery Hero Germany
Deliveroo United Kingdom
BlaBlaCar France
Ozon.ru Russian Federation
Adyen Netherlands
Future Finance Ireland
Cabify Spain
Silent Circle Switzerland
Trustpilot Denmark
Avast Software Czech Republic
Vinted Lithuania
TTTech Computertechnik Austria
CCP Games Iceland
M-Files Finland
poLight Norway
Carmudi Luxembourg
DocPlanner Poland
UniPlaces Portugal
Itineris Belgium
ShopFully Group Italy
invest.com Cyprus
Cardtek Turkey
Lingvist Estonia
ADASWorks Hungary
Elefant Romania
CloudPayments Latvia
Busfor Ukraine
Pollfish Greece
Gjirafa Albania
Oddsium Malta
Content Insights Serbia
SaferPass Slovakia

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