Over 10 European Startups Achieve Unicorn Status This Year
Funding in Europe is poised for a significant resurgence as the summer break comes to an end. In the first half of 2025, twelve startups across the continent have successfully raised funding rounds that valued them at over $1 billion, marking a promising trend for the remainder of the year. While the frequency of mega-rounds has decreased since 2021, the current landscape indicates strong investor interest in sectors such as biotech, defense technology, and artificial intelligence.
New Unicorns in September 2025
IQM
Finnish startup IQM, which specializes in quantum computing, has achieved unicorn status following a remarkable $300 million Series B funding round. This brings its total funding to $600 million. CEO Jan Goetz announced that IQM has become the leading seller of quantum computers worldwide, with its 54-qubit chips already operational in various computing centers, research labs, and universities. The company is now preparing to launch its first 150-qubit systems, further solidifying its position in the quantum computing market.
Framer
Framer, a no-code website builder, has reached a valuation of $2 billion after securing $100 million in a Series D funding round led by existing investors Meritech and Atomico. The company plans to utilize this new capital to enhance its enterprise strategy and expand its artificial intelligence capabilities. Competing with established platforms like Figma and Squarespace, Framer emphasizes design and user experience. Co-founders Koen Bok and Jorn van Dijk previously sold a design studio to Facebook, bringing valuable experience to their current venture.
Unicorns from July 2025
Lovable
Swedish startup Lovable, which focuses on AI-driven vibe coding, achieved unicorn status just eight months after its inception. In July, the company raised $200 million in a Series A funding round led by Accel, valuing it at $1.8 billion. Although registered in Delaware, Lovable’s team primarily operates from Stockholm, highlighting its strong ties to the Swedish tech ecosystem.
Fuse Energy
Fuse Energy, a British renewable energy startup founded by former Revolut executives in 2022, has reportedly raised funding that values the company at over $1 billion. This development, reported by The Times, underscores the growing interest in sustainable energy solutions and the potential for innovation in this sector.
Highlights from June 2025
Mubi
Film-streaming service Mubi has successfully raised $100 million in a funding round led by Sequoia Capital, achieving a valuation of $1 billion and officially becoming a unicorn. Founded in 2007, Mubi has evolved from a curated streaming platform into a competitor to Netflix, now also producing and distributing films.
Zama
French startup Zama has raised $57 million in a Series B funding round, pushing its valuation above $1 billion. The company specializes in homomorphic encryption, a cutting-edge technology that secures data through advanced cryptographic algorithms.
Isar Aerospace
German startup Isar Aerospace reached unicorn status in June after securing a €150 million (approximately $173 million) convertible bond agreement with Eldridge Industries. The company, which originated from the Technical University of Munich, is focused on developing launch vehicles and has contributed to the growing number of unicorns emerging from the university’s ecosystem.
Unicorns from May 2025
Tekever
Tekever, a dual-use drone startup based in Portugal, confirmed its valuation of over £1 billion following a funding round in May. The company is backed by notable investors, including Ventura Capital and the NATO Innovation Fund, and plans to invest £400 million in a five-year development plan in the UK.
Quantum Systems
German startup Quantum Systems became a unicorn in May 2025 after raising €160 million (approximately $172 million) in a Series C funding round. The funds will be used to enhance its global expansion and develop its autonomous drone systems, software, and AI capabilities.
Parloa
Parloa, a German startup specializing in conversational AI for customer service, secured $120 million in Series C funding, achieving a valuation of $1 billion. This funding round was led by Durable Capital Partners and marks a significant milestone for the company, which has rapidly scaled since its earlier funding rounds.
Unicorns from March 2025
Isomorphic Labs
Isomorphic Labs, an AI drug-discovery platform that emerged from Google’s DeepMind, raised $600 million in March 2025. Although the valuation was not disclosed, the substantial funding places the company firmly within unicorn territory, highlighting the growing interest in AI applications in healthcare.
Unicorns from February 2025
Tines
Dublin-based Tines, which focuses on AI-powered workflows, became a unicorn in February 2025 after raising $125 million in Series C funding, valuing the company at $1.125 billion. Initially centered on security workflow automation, Tines has expanded its applications across various tech sectors, now performing over a billion automated actions weekly for its clients.
Unicorns from January 2025
Verdiva Bio
London-based biotech startup Verdiva Bio raised an impressive $410 million in its Series A funding round in January 2025, making it a unicorn in less than a year. The company is developing an oral GLP-1 drug similar to Ozempic and Wegovy, showcasing the potential of innovative biotech solutions.
Neko Health
Neko Health, co-founded by Spotify’s Daniel Ek, raised $260 million in Series B funding at a valuation of $1.8 billion in January 2025. The Swedish startup aims to provide full-body scans for early health detection, with plans for global expansion beyond its current locations in Stockholm and London.
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