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.....MUCH MORE
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)
Valuation: $11.1B
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.
Klarna (Sweden)
Valuation: $5.5B
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)
Valuation: $3.5B
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)
Valuation: $3.5B
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.
Greensill (UK)
Valuation: $3.5B
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.....
