These billion-dollar companies have an aggregate valuation of about $64B, led by UK-based Global Switch.
European unicorns, or private companies valued at $1B+, make up about 11% of the total number of unicorns around the world. (Check out our real-time Unicorn Tracker for a full list.)
Combined, these 31 European startups have raised more than $21B in total funding, and operate across industries including fintech, e-commerce, healthcare, and more.
Using CB Insights data, we identified all the Europe-based startups that have reached unicorn status. Below are more details on each of the companies that make the list, ranked by valuation.
Total Funding: $6.3B
Company Description: This UK-based company operates data centers in Europe and Asia. A consortium of Asian investors bought a nearly 25% stake in the company for £2.1B in March. The company said the investment would help fund its expansion plans ahead of an anticipated 2019 initial public offering.
Select Investors: Aviation Industry Corporation of China, Essence Financial, Jiangsu Sha Steel Group
2. Auto1 Group
Total Funding: $1.1B
Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, WirKaufenDeinAuto.de, and others. Auto1 Group now has operations in more than 30 countries. Earlier this year, it launched a fintech subsidiary, Auto1 Fintech, with Deutsche Bank and Allianz.
Select Investors: DST Global, DN Capital, SoftBank Group
Total Funding: $704M
Company Description: Ottobock is a family-owned German prosthetics maker. Swedish buyout group EQT Partners bought a 20% stake in the company in June 2017.
Select Investors: EQT Partners
Total Funding: $2.1B
Company Description: The Hut Group is a British e-commerce platform company with a focus on beauty and wellness. The company operates more than 100 websites including SkinCareRx, Glossybox, myvitamins, and idealshape.
Select Investors: Kohlberg Kravis Roberts & Co., Old Mutual Global Investors, Artemis Investment Management
5. BGL Group
Total Funding: $900M
Company Description: The UK-based financial services company runs sites such as Compare the Market, lesfurets.com, and Beagle Street, which let people compare insurance products.
Select Investors: CPP Investment Board
Total Funding: $389M
Company Description: Based in Sweden, Klarna provides online payment solutions. The company acquired Sofort in 2014 and German competitor BillPay in 2017.
Select Investors: Institutional Venture Partners, Sequoia Capital, General Atlantic
Total Funding: N/A
Company Description: Based in Malta, VistaJet has a fleet of more than 70 business jets. Customers pay a subscription of flight hours. In 2018, the company announced the launch of Vista Global Holdings, encompassing VistaJet, Vista Lease (a global aircraft leasing and financing company), and TechX (an aviation technology firm) following a $200M investment from private equity firm Rhone Capital. Vista Global is based in Dubai.
Select Investors: Rhone Capital
Total Funding: $551M
Company Description: The UK-based fintech company provides property financing and loans to small- and medium-sized businesses using its online platform, Acorn, which uses machine learning to make lending decisions. In September 2018, OakNorth got $100M in funding from EDBI, NIBC, Clermont Group, and Coltrane Asset Management to further develop Acorn and to expand outside the UK.
Select Investors: Clermonth Group, Coltrane Asset Management, Toscafund Asset Management
9. 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 Amoreli. Private equity firm General Atlantic bought a 25.1% stake in the company in February 2018.
Select Investors: General Atlantic
Total Funding: $256M
Company Description: BenevolentAI is a British startup that uses artificial intelligence to speed up drug discovery.
Select Investors: Woodford Investment Management
Total Funding: $958M
Company Description: The UK-based online delivery company uses machine learning to evaluate and cut down on delivery times. The company has been growing quickly, expanding to France, the Netherlands, Singapore, Australia, and more. The company has been considering an IPO, though CEO Will Shu said recently that it is not a focus at the moment.
Select Investors: Accel Partners, General Catalyst, Index Ventures
Total Funding: $604M
Company Description: Improbable is a London-based startup with a cloud-based platform that lets developers build simulated worlds for games and other uses.
Select Investors: Andreessen Horowitz, SoftBank Group, Temasek Holdings
Total Funding: $336M
Company Description: Revolut is a UK-based fintech company launched in July 2015 that provides international money transfers, currency exchange, prepaid debit cards, and cryptocurrency exchange.
Select Investors: Index Ventures, DST Global, Ribbit Capital
Total Funding: $434M
Company Description: This German biopharmaceutical company uses mRNA for medical purposes such as developing vaccines or medicine.
Select Investors: Eli Lilly, L-Bank, Bill & Melinda Gates Foundation
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: $335M
Company Description: Carpooling app BlaBlaCar boasts of having 60M members in 22 countries, and over 18M travelers every quarter. Based in France, the company focuses on long-distance carpooling but recently introduced BlaBlaLines, a new short-distance commuter carpooling service.
Select Investors: Accel Partners, Index Ventures, Insight Venture Partners
Total Funding: $396M
Company Description: TransferWise is a London-based money transfer company founded in 2010. The company boasts over 4M customers, and investors include Richard Branson, Max Levchin, and Peter Thiel.
Select Investors: IA Ventures, Index Ventures, SV Angel
Total Funding: $702M
Company Description: Oxford Nanopore Technologies is a UK-based biotech company that offers DNA/RNA sequencing technology.
Select Investors: Illumina, Invesco Perpetual, IP Group
Total Funding: $247M
Company Description: Monzo is a UK-based mobile-only challenger bank.
Select Investors: Accel, General Catalyst, Stripe
20. Atom Bank
Total Funding: $514M
Company Description: Atom Bank is a UK-based mobile-only lender that provides mortgages and savings accounts.
Select Investors: Toscafund Asset Management, Woodford Investment Management, BBVA
Total Funding: $297M
Company Description: The Scottish brewery, which launched in 2007, is now the largest craft brewer in the UK. The company has gone international, opening a brewery in Columbus, Ohio in 2017, followed by a 32-room hotel, DogHouse, inside the brewery in 2018.
Select Investors: TSG Consumer Partners, Crowdcube
Total Funding: $442M
Company Description: Founded in Paris and originally known as Blogmusik, Deezer is an internet-based music streaming service that operates across 180+ countries worldwide. Most recently, the company partnered with one of the biggest record companies in the Middle East, Rotana Group.
Select Investors: Access Industries, IDInvest Partners, AGF Private Equity
Total Funding: $575M
Company Description: Global Fashion Group operates fashion e-commerce sites in emerging markets such as Brazil, Chile, Indonesia, Philippines, Kuwait, and the UAE. The company collaborates with brands such as Topshop, J Brand, and others, and takes care of logistics such as warehouses, last-mile delivery, payment, marketing, and customer service.
Select Investors: Access Industries, Rocket Internet, Tengelmann Ventures
Total Funding: $1.2B
Company Description: OVH, based in France, is a cloud provider with 300,000 servers and 27 data centers in 19 countries. The company plans to triple its investments to between $4.6 — $8.1B over the next few years.
Select Investors: Kohlberg Kravis Roberts & Co., TowerBrook Capital Partners
Total Funding: $200M
Company Description: Based in the UK, Radius provides payment solutions to the fleet & logistics sector.
Select Investors: Inflexion Private Equity
25. Avaloq Group
Total Funding: $300M
Company Description: Based in Switzerland, Avaloq offers cloud-based fintech services to banks.
Select Investors: Warburg Pincus
Total Funding: $177M
Company Description: This ride-hailing platform, based in Estonia, boasts more than 10M users in 25 countries.
Select Investors: Didi Chuxing, Daimler, TMT Investments
26. About You
Total Funding: $300M
Company Description: The German fashion e-commerce company based in Hamburg tailors the shopping site to each shopper.
Select Investors: German Media Pool, Seven Venture Capital
Total Funding: $78M
Company Description: Based in Germany, Celonis is a data analytics company that aims to help enterprises improve business processes.
Select Investors: Accel, 83 North
Total Funding: $119M
Company Description: MindMaze is a Switzerland-based company that uses virtual reality and neuroscience to create human machine interfaces. Its “mindmotion” product uses VR to help rehabilitate patients with neurological injuries.
Select Investors: Hinduja Group
Total Funding: $422M
Company Description: OutSystems provides a cloud-based mobile app development platform. The company has over 245 global partners and operates across 22 industries.
Select Investors: Kohlberg Kravis Roberts & Co., ES Ventures, North Bridge Growth Equity