From PitchBook, December 8:
A record number of unicorns have been minted in Europe during 2021, following a bumper year for VC investments in the region.
In total, 70 companies in Europe and Israel have become unicorns so far this year, according to PitchBook data, easily beating 2020's total of 19. 2021's cohort includes insurtech startup Marshmallow, biotech company Owkin and peer-to-peer lender Zopa.*****With valuations and deal amounts expected to continue growing in size, more startups will undoubtedly join the unicorn club next year. We've compiled a list of VC-backed companies in fast-growing sectors that are currently valued at over $500 million and could soon join the ranks of Europe's $1 billion-plus startups.....
And among the many they look at:
Infarm
Industry: Agtech
Most recent post-money valuation: $577.6 million (2020)
Hoping to help cities to become self-sufficient in their food production, Berlin-based Infarm has developed an indoor vertical farming system capable of growing herbs, lettuce and other vegetables. Its most recent round in March totaled $100 million and came from investors including Balderton, Cherry Ventures and Atomico. Reports emerged earlier this year that Infarm was in the market for fresh funds for its expansion and in talks to go public through a SPAC deal that could value it at over $1 billion. The company was most recently valued at $577.6 million, according to a PitchBook estimate....
....MUCH MORE
