These billion-dollar companies have an aggregate valuation of about $24B, led by Switzerland-based Roivant Sciences.
European unicorns, or private companies valued at $1B+, make up about 11% of the total number of unicorns around the world.
In 2018, 14 European startups reached unicorn status, led by Roivant Sciences with its $7B valuation. The companies on our list operate across industries including healthcare, cybersecurity, transportation, and more.
Using CB Insights data, we identified all the Europe-based startups that have reached a $1B+ valuation in 2018. Below are more details on each of the companies that make the list, ranked by valuation.
Total Funding: $1.3B
Company Description: Switzerland-based Roivant Sciences is a biopharmaceutical company focused on developing therapies for several diseases — from cancer to diabetes — via its subsidiaries. Its most recently launched subsidiary, Alyvant, will focus on connecting patients to therapies via the use of data and tech.
Select Investors: Founders Fund, SoftBank Group, NovaQuest Capital Management
2. NuCom Group
Total Funding: N/A
Company Description: NuCom is a German company with a portfolio of consumer and lifestyle brands including eharmony, Parship, Flaconi, and Amorelie. Private equity firm General Atlantic bought a 25.1% stake in the company in February 2018.
Select Investors: General Atlantic
Total Funding: $310M
Company Description: Graphcore is a UK-based developer of AI chips. The hardware startup released its first GC2 chip in 2018.
Select Investors: Foundation Capital, Dell Technologies Capital, Sequoia Capital, Microsoft, BMW i Ventures
Total Funding: $232M
Company Description: Founded in 2013 by a group of Cambridge mathematicians and government cyber intelligence experts, Darktrace is a cybersecurity company that uses artificial intelligence.
Select Investors: KKR, Samsung Ventures, Summit Partners
Total Funding: $336M
Company Description: Revolut is a UK-based fintech company that provides international money transfers, currency exchange, prepaid debit cards, and cryptocurrency exchange.
Select Investors: Index Ventures, DST Global, Ribbit Capital
Total Funding: $481M
Company Description: Cabify is a Spain-based ride-sharing company. It operates in 40+ cities across 11 countries.
Select Investors: Red Swan Ventures, Rakuten Ventures, GAT Investments, IDB Invest
Total Funding: $272M
Company Description: Monzo is a UK-based, mobile-only challenger bank.
Select Investors: Accel, General Catalyst, Stripe
8. Atom Bank
Total Funding: $514M
Company Description: Atom Bank is a UK-based, mobile-only lender that provides mortgages and savings accounts. BBVA is reportedly considering acquiring the startup.
Select Investors: Toscafund Asset Management, Woodford Investment Management, BBVA
Total Funding: $442M
Company Description: Deezer (fka Bogmusik) is a music streaming service that operates across 180+ countries. Most recently, the Paris-based company partnered with Rotana Group, one of the biggest record companies in the Middle East.
Select Investors: Access Industries, IDInvest Partners, AGF Private Equity
Total Funding: $422M
Company Description: OutSystems provides a cloud-based mobile app development platform. The company has over 250 global partners and operates across a wide variety of industries, from local government to higher education to energy and utilities.
Select Investors: Kohlberg Kravis Roberts & Co., Solid Ventures, North Bridge Growth Equity
11. About You
Total Funding: $300M
Company Description: About You is a German e-commerce company that provides its customers with personalized recommendations for clothes, shoes, and more.
Select Investors: German Media Pool, Seven Venture Capital
Total Funding: $296M
Company Description: GoEuro is a travel search platform that allows customers to compare and purchase air, rail, and bus transport across Europe. The company recently announced that it plans its name to Omio as it ramps up its global expansion.
Select Investors: Battery Ventures, New Enterprise Associates, Kleiner Perkins Caufield & Byers
Total Funding: $177M
Company Description: Taxify is an Estonia-based ride-hailing platform that operates in 25 cities and 18 countries.
Select Investors: Didi Chuxing, Daimler, TMT Investments
Total Funding: $78M
Company Description: Celonis is a Germany-based SaaS company that aims to help enterprises improve business processes using data analytics.
Select Investors: Accel, 83 North
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity