More Than 10 European Startups Became Unicorns This Year

Funding play is astir to restart successful Europe aft nan summertime lull, and if each goes well, it will beryllium counting caller unicorns successful dozens — plural. While mega-rounds are little communal than they were successful 2021, this hasn’t prevented 12 European startups from raising rounds astatine valuations of much than $1 cardinal during nan first half of 2025.

As nan accustomed caveat goes, past capacity is not suggestive of early results, but this bodes good for nan remainder of nan year. Either way, this is besides a bully denotation of nan sectors that are basking among investors, from biotech and defense tech to AI, AI, and AI.

Here are nan caller European unicorns of 2025: 

July 2025

Lovable

Fast-growing Swedish AI vibe coding startup Lovable became a unicorn successful grounds time. In July, only 8 months aft its launch, it raised a $200 cardinal Series A led by Accel astatine a $1.8 cardinal valuation. One note: Lovable Labs Inc. is registered successful Delaware, but astir of nan startup’s squad members and open roles are based successful Stockholm. 

Fuse Energy

Fuse Energy, a British renewable power institution founded successful 2022 by 2 erstwhile Revolut executives, raised a backing information that is thought to person weighted nan institution astatine much than $1 billion, The Times reported successful July.

June 2025

Mubi

Film-streaming work Mubi raised a $100 cardinal information led by Sequoia Capital successful June, valuing nan institution astatine $1 cardinal and making it a unicorn. Founded successful 2007 arsenic a curated platform, this indie Netflix rival now besides produces and distributes movies.

Zama

French startup Zama raised a $57 cardinal Series B that brought its valuation to north of $1 billion. The institution develops homomorphic encryption, a method that uses cryptographic algorithms to support information secure.

Isar Aerospace

German abstraction startup Isar Aerospace became a unicorn successful June aft reaching an statement pinch Eldridge Industries for a convertible enslaved of €150 cardinal (approximately $173 million). The launch company spun disconnected from nan Technical University of Munich (TUM), which now claims 22 unicorns.

May 2025

Tekever 

Tekever, a dual-use drone startup retired of Portugal, raised a backing information successful May that it said confirmed its much than £1 cardinal valuation, which hadn’t been antecedently announced. 

It’s backed by Ventura Capital, Baillie Gifford, nan NATO Innovation Fund (NIF), Iberis Capital, and Crescent Cove, and is group to money nan company’s plans to put £400 cardinal into a U.K. improvement scheme spanning complete 5 years.

Quantum Systems

German dual-use startup Quantum Systems became a unicorn successful May 2025, according to PitchBook, upon raising a €160M Series C (approximately $172 million) to accelerate its world description , standard production, and beforehand its autonomous drone systems, software, and AI.

The information was led by Balderton Capital, pinch information from Hensoldt, Airbus Defense and Space, Bullhound Capital, LP&E AG and existing investors, including HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, and Notion.

Parloa

Parloa, a German startup offering a conversational AI level for customer service, secured $120 cardinal successful Series C funding astatine a valuation of $1 cardinal successful May 2025, little than a twelvemonth aft its $66 cardinal Series B and 2 years aft its $21 cardinal Series A. The Series C was led by Durable Capital Partners, Altimeter Capital, and General Catalyst.

March 2025

Isomorphic Labs

Isomorphic Labs, a London-based AI drug-discovery level that spun retired of Google’s DeepMind successful 2021, raised outer superior for nan first time successful March 2025 pinch a $600 cardinal information led by Thrive Capital, pinch information from GV and Alphabet. The valuation wasn’t disclosed, but nan information size firmly places nan British spinoff wrong unicorn territory.

February 2025

Tines

Dublin-based Tines, a startup focused connected AI-powered workflows, became a unicorn successful February 2025 aft raising a $125 cardinal Series C from caller and existing investors astatine a valuation of $1.125 billion. 

The Irish startup started retired successful information workflow automation, but has seen adoption crossed different parts of nan tech stack, pinch applications successful infrastructure, engineering, and product. Upon raising its Series C, nan institution said it was now performing complete a cardinal automated actions connected behalf of its customers each week.

January 2025

Verdiva Bio

Less than 1 twelvemonth aft its launch, London-based biotech Verdiva Bio raised a massive $410 cardinal Series A successful January 2025 arsenic its first announced information of funding. This instantly made a unicorn retired of nan company, whose pipeline includes an oral-based GLP-1 supplier akin to Ozempic and Wegovy.

Neko Health

Neko Health, nan preventative wellness startup co-founded by Spotify’s Daniel Ek, raised a $260 cardinal Series B astatine a $1.8 cardinal valuation successful January 2025. The information was led by Lightspeed Venture Partners, pinch information from General Catalyst, O.G. Venture Partners, Rosello, Lakestar, and Atomico. 

The Swedish institution offers full-body scans, pinch nan extremity of helping group enactment patient done early detection. According to its CEO and co-founder Hjalmar Nilsonne, nan backing will accelerate Neko’s world description of locations beyond Stockholm and London to see nan U.S., arsenic good arsenic investments successful R&D.