These billion-dollar companies have an aggregate valuation of just over $100B, led by data center operator Global Switch at $11.1B.
European unicorns — private companies valued at $1B+ — account for roughly 12% of the 421 unicorns worldwide.
Combined, these 50 startups have raised $30B+ in total disclosed 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.
Global Switch (UK)
Total disclosed funding: $6.3B
Select investors: International Data Corporation, Aviation Industry Corporation of China, Essence Financial, Jiangsu Sha Steel Group
Global Switch, the most valuable Europe-based unicorn, operates data centers in Europe and Asia. In July 2018, a consortium of investors bought a nearly 25% stake in the company for almost $2.8B. The company said that the investment would help fund its expansion plans ahead of an anticipated IPO.
Total disclosed funding: $957M
Select investors: Sequoia Capital, General Atlantic, Institutional Venture Partners
Klarna provides online payment services. The company has made a handful of acquisitions in recent years, including its purchase of cart and checkout browser extension Shop.co in 2018 and its $75M acquisition of Germany-based payments company Billpay in 2017. It is the most well-funded tech startup in Sweden, and the second most well-funded tech startup in Europe as a whole.
Auto1 Group (Germany)
Total disclosed funding: $1.1B
Select investors: DST Global, DN Capital, SoftBank Group
Founded in 2012, this Berlin-based company runs an online used car marketplace in over 20 countries. In 2018, it launched a fintech subsidiary, Auto1 Fintech, with Deutsche Bank and Allianz.
Otto Bock Healthcare (Germany)
Total disclosed funding: $704M
Select investors: EQT Partners
Medical technology company Otto Bock is a prosthetics maker. Swedish buyout group EQT Partners bought a 20% stake in the company in June 2017.
Total disclosed funding: $1.71B
Select investors: SoftBank Group, General Atlantic
Supply chain finance company Greensill positions itself as a third party between businesses and suppliers, aiming to limit risk for both parties by providing early payments to suppliers and offering funding to businesses.
Total disclosed funding: $683M
Select investors: Battery Ventures, Allianz X, Tencent Holdings, Greyhound Capital
N26 is a mobile banking platform. The startup offers account holders benefits like no minimum account balances, no annual maintenance fees, accelerated paycheck direct deposits, and a built-in personal finance tool.
Total disclosed funding: $481M
Select investors: Andreessen Horowitz, Richard Branson, BlackRock, IA Ventures, Vitruvian Partners
TransferWise is a peer-to-peer currency exchange service that aims to give customers better exchange rates than banks.
The Hut Group (UK)
Total disclosed funding: $3B
Select investors: Barclays Bank, HSBC, Banco Santander, Old Mutual Global Investors, Artemis Investment Management
The Hut Group is an e-commerce platform focused on beauty and wellness. The company operates more than 100 websites, including SkinCareRx, Glossybox, MyVitamins, and IdealShape.
BGL Group (UK)
Total disclosed funding: $900M
Select investors: CPP Investment Board
BGL Group is a financial services company that runs sites that let users compare insurance products.
Total disclosed funding: $416M
Select investors: Accel, General Catalyst, Stripe
Monzo is a challenger bank. In June 2019, the company raised a $144M Series F from investors including Accel, General Catalyst, Stripe, and Y Combinator, among others.
Total disclosed funding: $368M
Select investors: Accel, 83 North
Celonis is a data analytics company that aims to help enterprises improve business processes.
Total disclosed funding: $991M
Select investors: Clermonth Group, SoftBank Group, Toscafund Asset Management
OakNorth 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 February 2019, the fintech company raised a $440M Series E from Clermont Group and SoftBank Group.
Total disclosed funding: $561M
Select investors: Baillie Gifford & Co., General Atlantic, Holtzbrinck Ventures, European Investment Bank, Luxor Capital
Munich-based FlixBus runs a long-distance bus booking service that covers cities across Europe and some of the US. In addition to its platform, FlixBus also owns and operates its own buses within its network.
NuCom Group (Germany)
Total disclosed funding: N/A
Select investors: General Atlantic
NuCom Group has a portfolio of consumer and lifestyle brands, including E-harmony, Parship, Flaconi, and Amoreli. Growth equity firm General Atlantic has a nearly 30% stake in the company as of January 2019.
Total disclosed funding: $346M
Select investors: Temasek, Woodford Investment Management
BenevolentAI uses artificial intelligence to speed up drug discovery. The startup raised $90M from Temasek in September 2019, contributing to a record-breaking level of funding to AI healthcare companies that quarter.
Babylon Health (UK)
Total disclosed funding: $635M
Select investors: DeepMind Technologies, Kinnevik, Vostok New Ventures
Babylon Health is an AI-driven telemedicine startup that connects users with healthcare professionals to diagnose symptoms and get appropriate medical care as soon as possible. Headquartered in the UK, Babylon Health also operates in the US, Ireland, Canada, Rwanda, and Southeast Asia.
Total disclosed funding: $230M
Select investors: Blossom Capital, Endeavor, GIC, DST Global, Insight Partners
Checkout.com combines payment services, risk/fraud monitoring, and customer service into a unified payment platform API.
Total disclosed funding: $604M
Select investors: Andreessen Horowitz, SoftBank Group, Temasek
Improbable offers a cloud-based platform that helps developers build simulated worlds for games and other uses.
Total disclosed funding: $1.5B
Select investors: Accel, Amazon, DST Global, General Catalyst, T. Rowe Price
Online delivery company Deliveroo uses machine learning to help optimize delivery times. The company raised $575M in a 2019 funding round with participation from Amazon and T. Rowe Price, among others.
Total disclosed funding: $702M
Select investors: Illumina, Invesco Perpetual, IP Group
Oxford Nanopore Technologies is a biotech company that offers DNA/RNA sequencing technology.
Total disclosed funding: $434M
Select investors: Eli Lilly & Co., L-Bank, Bill & Melinda Gates Foundation
CureVac is a biopharmaceutical company that uses mRNA for medical purposes such as developing vaccines.
Total disclosed funding: $232M
Select investors: KKR, Samsung Ventures, Summit Partners
Founded in 2013 by a group of Cambridge mathematicians and government cyber intelligence experts, Darktrace is a cybersecurity company that uses artificial intelligence.
Total disclosed funding: $310M
Select investors: Sequoia, Microsoft Ventures, Dell Technologies Capital, C4 Ventures, Samsung Catalyst Fund
Semiconductor company Graphcore specializes in manufacturing IPU (Intelligence Processing Unit) microchips for use in AI and machine learning environments, with a particular focus in NLP (natural language processing) and GPU (Graphical Processing Unit) areas.
Total disclosed funding: $450M
Select investors: Accel Partners, Index Ventures, Insight Venture Partners
Carpooling app BlaBlaCar says it has 60M members in 22 countries. Based in France, the company focuses on long-distance carpooling but also runs BlaBlaLines, a short-distance commuter carpooling service.
Total disclosed funding: $1.6B
Select investors: BMW Group, Volkswagen Group, Goldman Sachs, Siemens
Swedish sustainable battery developer Northvolt is working toward market offerings in the auto, industrial, and portable battery spaces. Northvolt is trying to boost sustainability by employing responsible component sourcing and 100% renewable energy-powered manufacturing.
Total disclosed funding: $336M
Select investors: Index Ventures, DST Global, Ribbit Capital
Revolut is a UK-based fintech company that provides money management services, international money transfers, currency exchange, and prepaid debit cards.
Total disclosed funding: $481M
Select investors: Rakuten, Seaya Ventures, TheVentureCity
Cabify is a transportation network that offers on-demand rides through its mobile app. It is the most well-funded tech startup in Spain.
OVO Energy (UK)
Total disclosed funding: $256M
Select investors: Mayfair Equity Partner, Mitsubishi Corporation
OVO Energy is a sustainability-focused energy company operating in the UK. OVO clients can choose from carbon reduction options like carbon-neutral gas, renewable electricity, and electric vehicle support.
Atom Bank (UK)
Total disclosed funding: $588M
Select investors: Toscafund Asset Management, Woodford Investment Management, BBVA
Atom Bank is a UK-based mobile-only lender that provides mortgages and savings accounts.
Total disclosed funding: $297M
Select investors: TSG Consumer Partners, Crowdcube
BrewDog is a Scottish brewery that sells beer in over 60 countries. We featured the startup in the craft beers category of our disruptive beer startups market map.
Total disclosed funding: $442M
Select investors: Access Industries, IDInvest Partners, AGF Private Equity
Founded in Paris and originally known as Blogmusik, Deezer is an internet-based music streaming service that operates across 180+ countries worldwide.
Total disclosed funding: $175M
Select investors: Durable Capital Partners, Coatue Management, Tiger Global Management
Rapyd offers a payments platform that aims to make it easier to sell across borders by accepting local payments.
Total disclosed funding: $267M
Select investors: Accel, BPI France, Bertrand Jelensprenger, Kerala Ventures
Doctolib operates a database of medical practitioners that compiles information for users to search, review, and make appointments through.
Deposit Solutions (Germany)
Total disclosed funding: $199M
Select investors: Deutsche Bank, e.ventures, Peter Thiel
Banking startup Deposit Solutions offers an open banking product that allows banks to offer third-party deposit products without having to set up retail infrastructure or depositors having to open new accounts.
Total disclosed funding: $655M
Select investors: SoftBank Group, Battery Ventures, Spark Capital, Highland Europe, Swisscanto Invest
GetYourGuide is a booking platform that operates globally with an interface in 20+ languages, showcasing travel opportunities, personalized tours, and events for tourists.
Total disclosed funding: $1.2B
Select investors: KKR, TowerBrook Capital Partners
OVH is a cloud provider specializing in web hosting, in addition to offering products such as domain names, emails, and internet access.
Total disclosed funding: $200M
Select investors: Inflexion Private Equity
Radius provides payment services to the fleet & logistics sector.
Total disclosed funding: $260M
Select investors: Accel, Burda Principal Investments, Insight Partners
Fashion startup Vinted offers an online e-commerce platform for users to buy and sell their clothes. The company also operates a secondhand marketplace where users can sell, swap, and gift clothes.
About You (Germany)
Total disclosed funding: $300M
Select investors: German Media Pool, Seven Venture Capital
About You is a fashion e-commerce company based in Hamburg. The company tailors the shopping site to each shopper, in addition to offering an app store and developer center.
Total disclosed funding: $178M
Select investors: Goldman Sachs
Acronis is a Singapore-founded, Swiss-based data protection company offering encrypted file sharing and sync services. Goldman Sachs led a $147M funding round in September.
Avaloq Group (Switzerland)
Total disclosed funding: $300M
Select investors: Warburg Pincus
Avaloq offers cloud-based fintech services to banks.
Total disclosed funding: $170M
Select investors: Blockchain Capital, iTech Capital, NAVER Ventures
BitFury offers a variety of software and hardware products, including blockchain services, high-performance computing, and crypto-infrastructure.
Total disclosed funding: $177M
Select investors: Didi Chuxing, Daimler, TMT Investments
Bolt is a ride-hailing platform that boasts more than 10M users in 25 countries.
CMR Surgical (UK)
Total disclosed funding: $386M
Select Investors: Cambridge Innovation Capital, Escala Capital, ABB Technology Ventures
CMR Surgical is a surgical robotics systems company focused on developing tools for minimally invasive surgeries.
Total disclosed funding: $298M
Select investors: White Star Capital, Global Founders Capital, Aglae Ventures, Alven Capital
Meero provides infrastructure and management for photographers, ranging from finding jobs for freelance photographers to invoicing and post-production work.
Total disclosed funding: $119M
Select investors: Hinduja Group, Leonardo DiCaprio
MindMaze uses virtual reality and neuroscience to create human-machine interfaces. Its “mindmotion” product uses VR to help help rehabilitate patients with neurological injuries.
Total disclosed funding: $79M
Select investors: Investment Corporation of Dubai, Centralway
Swiss mobile-first banking app Numbrs gives clients the ability to link multiple bank accounts or loyalty cards and collect them into one space, as well as providing spending predictions and personal money transfer services.
Total disclosed funding: $5M
Select investors: A&NN, Rusnano
Materials synthesis company OCSiAl focuses on carbon nanomaterial manufacturing and development.
Total disclosed funding: $422M
Select investors: Goldman Sachs, KKR, PME Investimentos
OutSystems provides a cloud-based mobile app development platform. The company has over 245 global partners and operates across 20+ industries.
Total disclosed funding: $296M
Select investors: Battery Ventures, Lakestar, Goldman Sachs Investment Partners, Atomico
Berlin-based travel booking company Omio compiles bus, train, and plane offerings. Omio’s algorithms allow travelers to sort based on price, total travel time, or convenience to tailor to different customers’ travel preferences.
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