Europe’s startup unicorns

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.

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Stockholm, Sweden

2016

Convertible

€1b

€5b

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Stockholm, Sweden

2005

Growth Equity VC

€727.3m

€3.8b

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Tallinn, Estonia

2013

Series F

€628m

€1.7b

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London, United Kingdom

2012

Series D

€909.1m

€1.7b

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Istanbul, Turkey

2015

Series E

€750m

€1.6b

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Munich, Germany

2011

Series D

€363.6m

€1.6b

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London, United Kingdom

2015

Growth Equity VC

€204.6m

€1.6b

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Berlin, Germany

2013

Series E

€818.2m

€1.6b

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London, United Kingdom

2015

Secondary

-

€1.6b

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Berlin, Germany

2020

Series C

€909.1m

€1.2b

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Berlin, Germany

2015

Series D

€363.6m

€1.2b

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London, United Kingdom

2015

Late VC

€454.6m

€1.2b

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Paris, France

2012

Series F

€363.6m

€1.1b

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London, United Kingdom

2014

Late VC

€156.6m

€1b

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Berlin, Germany

2018

Series C

€250m

€1b

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Amsterdam, Netherlands

2011

Series C

€727.3m

€1b

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London, United Kingdom

2019

Support Program

-

€928.7m

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Paris, France

2014

Series E

€463.6m

€926.2m

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Berlin, Germany

2020

Series B

€664m

€900.3m

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Amsterdam-Duivendrecht, Netherlands

2015

Series D

€600m

€900m

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Impington, United Kingdom

2014

Series D

€545.5m

€896.4m

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Paris, France

2012

Series E

€504.6m

€861.8m

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Munich, Germany

2013

Series G

€295.4m

€805.5m

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Sveta Nedelja, Croatia

2009

Series D

€500m

€800m

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Madrid, Spain

2009

Debt

€227.3m

€799.6m

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London, United Kingdom

2012

Late VC

€101.8m

€785.5m

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London, United Kingdom

2015

Secondary

-

€782.5m

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Berlin, Germany

2009

Debt

€80m

€728m

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Helsinki, Finland

2005

Growth Equity VC

€500m

€712.3m

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London, United Kingdom

2005

Late VC

€272.7m

€706.9m

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Zurich, Switzerland

2009

Late VC

€500m

€706.8m

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Munich, Germany

2015

Late VC

€43.9m

€703.6m

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London, United Kingdom

2016

Secondary

-

€700m

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Bruchsal, Germany

2011

Series E

€165.4m

€699.5m

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Saint-Mandé, France

2018

Series B

€618.2m

€669.6m

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Paris, France

2007

Growth Equity VC

€454.6m

€667.6m

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Stockholm, Sweden

2014

Debt

€145.4m

€655.4m

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Paris, France

2013

Series F

€322.7m

€633.2m

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Paris, France

2016

Late VC

€5m

€626.6m

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Bristol, United Kingdom

2016

-

-

€620m

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London, United Kingdom

2007

Secondary

€2.5b

€600m

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London, United Kingdom

2010

Series E

€265.4m

€595.2m

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Vienna, Austria

2016

Series D

€309.1m

€593.4m

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Paris, France

2009

Growth Equity VC

€190.9m

€587.8m

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London, United Kingdom

2019

Series C

€336.4m

€570.5m

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Berlin, Germany

2016

Series D

€227.3m

€560m

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Prague, Czech Republic

2014

Series D

€210m

€539.4m

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Berlin, Germany

2018

Series D

€181.8m

€532.2m

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Paris, France

2006

Convertible

€104.5m

€510m

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London, United Kingdom

2014

Series D

€145.4m

€508.8m

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San Francisco, United States

2018

Series A

€504.6m

€504.6m

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Paris, France

2016

Series E

€183m

€492.8m

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Levallois-Perret, France

2013

Debt

€250m

€487.2m

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Vilnius, Lithuania

2008

Series F

€250m

€483.4m

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London, United Kingdom

2011

Series G

€283.6m

€481.2m

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Milan, Italy

2013

Series D

€320m

€475.3m

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Stockholm, Sweden

2009

Growth Equity VC

€409.1m

€463.2m

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Vienna, Austria

2014

Series C

€239.1m

€450.9m

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Istanbul, Turkey

2019

Series C

€250m

€450m

Logo

Paris, France

2013

Late VC

€266m

€447.8m

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London, United Kingdom

2011

Late VC

-

€445.4m

Logo

London, United Kingdom

2012

Series D

€318.2m

€439.3m

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London, United Kingdom

2012

Series D

€318.2m

€439.3m

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Paris, France

2015

Series E

€254m

€433.5m

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Berlin, Germany

2012

Series E

€72.7m

€432.7m

Logo

Paris, France

2014

Series C

€345.4m

€432.1m

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Berlin, Germany

2013

Series D

€181.8m

€428.6m

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Croix, France

2015

Series D

€304.6m

€424.1m

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Stockholm, Sweden

2018

Series D

€104.5m

€423.3m

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Aarhus, Denmark

2015

Late VC

€28.5m

€416.2m

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Vernier, Switzerland

2008

Late VC

€374.6m

€415.5m

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Berlin, Germany

2005

Growth Equity VC

€90.9m

€409.1m

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London, United Kingdom

2021

Early VC

€300m

€407.3m

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Milan, Italy

2019

Series B

€24.6m

€399.1m

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Amsterdam, Netherlands

2011

Series E

€235m

€388m

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Copenhagen, Denmark

2015

Series C

€181.8m

€387.4m

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Berlin, Germany

2016

Late VC

€40m

€385.1m

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Helsinki, Finland

2016

Series D

€190.9m

€381.8m

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Paris, France

2019

Series C

€257.3m

€379.2m

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Berlin, Germany

2020

Late VC

€227.3m

€373.3m

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Barcelona, Spain

2015

Series E

€101m

€371.9m

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Madrid, Spain

2011

Late VC

-

€368.9m

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Oslo, Norway

2013

Debt

€66m

€338.3m

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London, United Kingdom

2006

Secondary

€160m

€336.4m

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Paris, France

2009

Late VC

€154.6m

€326.2m

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Stockholm, Sweden

2015

Convertible

€11m

€320.8m

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Lausanne, Switzerland

2012

Late VC

€95.5m

€307.7m

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Berlin, Germany

2013

Series F

€159.1m

€302m

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Espoo, Finland

2016

Series A

€209.1m

€300m

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Paris, France

2019

Late VC

€300m

€300m

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Berlin, Germany

2016

Series D

€200m

€296.4m

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Montpellier, France

2016

Late VC

-

€296.2m

Logo

Berlin, Germany

2015

Series D

€72.7m

€292.7m

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Paris, France

2013

Series D

€200m

€289.1m

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Berlin, Germany

2008

Series D

€272.7m

€289m

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Chemnitz, Germany

2014

Series E

€106m

€284.9m

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Munich, Germany

2014

Series E

€163.6m

€282.4m

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Altrincham, United Kingdom

2011

Series E

-

€281.3m

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London, United Kingdom

2012

Late VC

€90.9m

€279.6m

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Bristol, United Kingdom

2008

Growth Equity VC

€240m

€277.2m

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Hinckley and Bosworth, United Kingdom

2019

Late VC

€48m

€277.1m

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Munich, Germany

2006

Series C

€127.3m

€273.4m

Logo

London, United Kingdom

2007

Growth Equity VC

€272.7m

€272.7m

Logo

Paris, France

2016

Series C

€209.1m

€269.5m

Logo

London, United Kingdom

2012

Series D

€181.8m

€264.9m

Logo

Paris, France

2016

Series C

€100m

€261.3m

Logo

London, United Kingdom

2014

Growth Equity VC

€252m

€260.9m

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Vienna, Austria

2018

Late VC

€259.1m

€259.1m

Logo

London, United Kingdom

2018

Series C

€164.6m

€254.8m

Logo

London, United Kingdom

2018

Series C

€45.5m

€254.6m

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Berlin, Germany

2017

Debt

€70m

€251m

Logo

Berlin, Germany

2018

Series B

€100.9m

€249.7m

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Zurich, Switzerland

2009

Series D

€136.4m

€247.9m

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London, United Kingdom

2017

Series C

€172.7m

€246.9m

Logo

London, United Kingdom

2016

Series E

€118.2m

€246.8m

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Oslo, Norway

2007

Late VC

€218.2m

€244.6m

Logo

Solihull, United Kingdom

2012

Growth Equity VC

€240m

€240m

Logo

Amsterdam, Netherlands

2012

Series A

€193m

€237.9m

Logo

Munich, Germany

2018

Late VC

€27.3m

€236.4m

Logo

Paris, France

2011

Series C

€90.9m

€233.4m

Logo

London, United Kingdom

2016

Series C

€136.4m

€232.3m

Logo

Paris, France

2016

Growth Equity VC

€163.6m

€231.8m

Logo

Berlin, Germany

2015

Debt

€324m

€216.6m

Logo

Ghent, Belgium

2018

Series D

€136.4m

€215.4m

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Dublin, Ireland

2019

Lending Capital

€230m

€214.7m

Logo

London, United Kingdom

2018

Series B

€90.9m

€214.4m

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Chaumont-Gistoux, Belgium

2005

Secondary

€112m

€207.6m

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Bærum, Norway

2016

Late VC

-

€204.6m

Logo

Barcelona, Spain

2016

Series C

€109.1m

€198.8m

Logo

Paris, France

2013

Growth Equity VC

€136.4m

€186.4m

Logo

London, United Kingdom

2017

Series B

€105.5m

€183.4m

Logo

Amsterdam, Netherlands

2011

Series C

€72.7m

€182m

Logo

London, United Kingdom

2006

Debt

€454.6m

€181.8m

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Tallinn, Estonia

2015

Series C

€90.9m

€174.8m

Logo

London, United Kingdom

2018

Growth Equity VC

€172.7m

€172.7m

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Austin (previously Germany), United States

2007

Series B

€150.2m

€150.2m

Logo

Berlin, Germany

2020

Debt

€363.6m

€148.4m

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Zurich, Switzerland

2016

Late VC

-

€148.2m

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Ellon, United Kingdom

2007

Late VC

€2.5m

€147.3m

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Oulu, Finland

2013

Late VC

-

€140.5m

Logo

Fågelvikshöjden, Sweden

2016

Secondary

-

€138.1m

Logo

Berlin, Germany

2007

Late VC

€22m

€137.6m

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Dublin, Ireland

2015

Late VC

€87.3m

€134.8m

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Stockholm, Sweden

2015

Secondary

€104.5m

€133.7m

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Warsaw, Poland

2011

Late VC

-

€125.9m

Logo

Amsterdam, Netherlands

2011

Series C

€118.2m

€118.5m

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Letterkenny, Ireland

2008

Late VC

€63.6m

€114.6m

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Frankfurt, Germany

2015

-

-

€114.5m

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Hampton, United Kingdom

2007

Late VC

€59.1m

€113.6m

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London, United Kingdom

2021

Series A

€90.9m

€110m

Logo

London, United Kingdom

2017

Series B

€75.5m

€107.5m

Logo

London, United Kingdom

2014

Series D

€54.5m

€104.5m

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Leudelange, Luxembourg

2010

Growth Equity VC

€90.9m

€95.5m

Logo

London, United Kingdom

2019

Early VC

€91.8m

€91.8m

Logo

Vilnius, Lithuania

2012

Late VC

€90.9m

€90.9m

Logo

Oslo, Norway

2018

Series B

€63.1m

€72.2m

Logo

London, United Kingdom

2011

Debt

€750m

€39.1m

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Saint Julian's, Malta

2017

Early VC

€36.4m

€38.1m

Logo

London, United Kingdom

2008

Seed

-

-

Logo

Amsterdam, Netherlands

2009

Secondary

-

-

Logo

Ghent, Belgium

2019

-

-

-

Logo

Nottingham, United Kingdom

2018

Secondary

-

-

Logo

Oslo, Norway

2013

Late VC

-

-