Top Unicorn Startups in Western Europe for 2024

In Western Europe, we rank 187 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in Western Europe are falling behind the performance of their global counterparts.

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Top Unicorn Startups in Western Europe for 2024

SB Score:870

Klarna provides online payment solutions, known for its "buy now, pay later" service, allowing consumers to shop with flexibility and security.

Industry:
Fintech
Subindustry:
Payments

City Rank (Stockholm)

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National Rank (Sweden)

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SB Score:865

DeepL is a pioneering deep learning company based in Cologne, Germany, founded in 2009. It harnesses artificial intelligence and machine learning to enhance language translation services, including the bilingual dictionary Linguee and the advanced machine translation tool DeepL, providing users with accurate and efficient translation solutions.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Cologne)

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National Rank (Germany)

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SB Score:861

Revolut is a financial superapp that provides low-fee global spending, currency exchange, and financial services. Users can manage their money easily without the typical high banking fees.

Industry:
Fintech
Subindustry:
Online Banking

City Rank (London)

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Total amount:184

Best Software & Data Startups in Western Europe for 2024

Western Europe startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in Western Europe have raised more than USD 1.86B, an amount that is higher than the global industry average.
SB Score:865

DeepL is a pioneering deep learning company based in Cologne, Germany, founded in 2009. It harnesses artificial intelligence and machine learning to enhance language translation services, including the bilingual dictionary Linguee and the advanced machine translation tool DeepL, providing users with accurate and efficient translation solutions.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Cologne)

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National Rank (Germany)

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2nd

Odoo
SB Score:713

Odoo, an open-source suite of business applications, is supported by Odoo SA. It offers customizable programming and a global community for support. Join the network for integrated solutions and services.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Brussels)

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National Rank (Belgium)

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3rd

Mews
SB Score:711

Mews is a cloud-based system for hotels and hostels, enhancing operations and guest experiences. It simplifies management tasks and boosts efficiency, making it a must-have tool for hospitality businesses.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (London)

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National Rank (United Kingdom)

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Total amount:61

Most Valuable Unicorns in Western Europe for 2024

The top three most valuable unicorns in Western Europe have raised total funding of more than USD 12.5B. Among the top three funded unicorns, the most popular industry, based on total funding, is Energy & Environment.
SB Score:861

Revolut is a financial superapp that provides low-fee global spending, currency exchange, and financial services. Users can manage their money easily without the typical high banking fees.

Industry:
Fintech
Subindustry:
Online Banking

City Rank (London)

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SB Score:690

Celonis has one very simple goal: to analyze today’s processes to make tomorrow’s world more efficient. We are dedicated to pursuing this vision with passion and purposefulness. In our opinion, any company can achieve great things, regardless of its size, industry, or history. Celonis process mining is the new standard in Big Data Analytics designed to help companies around the world save valuable time and money through improved process transparency and efficiency. We hope you will join us on this journey.

Industry:
Software & Data
Subindustry:
Data Analytics

City Rank (Munich)

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National Rank (Germany)

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SB Score:173

Global Switch operates cutting-edge data centres in Europe and Asia-Pacific, providing secure and reliable infrastructure for businesses worldwide.

Industry:
Ecommerce & Retail
Subindustry:

City Rank (London)

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SB Score:799

Checkout.com offers secure online payment solutions for businesses, empowering them to seamlessly process digital transactions while safeguarding against fraud. Their advanced technology optimizes payment operations, providing a streamlined and efficient experience for both merchants and customers.

Industry:
Fintech
Subindustry:
Payments

City Rank (London)

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SB Score:623

Talkdesk provides innovative contact center and AI solutions. Enhance customer interactions with cutting-edge technology. Experience seamless communication and superior customer service.

Industry:
Software & Data
Subindustry:
Software

City Rank (Lisbon)

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National Rank (Portugal)

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6th

N26
SB Score:768

N26 provides innovative mobile banking services to customers in the EU through its subsidiary. Experience seamless banking on the go with N26's user-friendly app and top-notch security features. Join the digital banking revolution today!

Industry:
Fintech
Subindustry:
Payments

City Rank (Berlin)

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National Rank (Germany)

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SB Score:671

Northvolt is leading the way in sustainable battery manufacturing for a greener future. Their approach focuses on fossil-free energy, ethically sourced materials, and efficient recycling practices. Join them in revolutionizing the industry and driving the transition to a decarbonized world.

Industry:
Energy & Environment
Subindustry:
Clean Energy

City Rank (Stockholm)

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National Rank (Sweden)

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SB Score:638

Rapyd's Fintech-as-a-Service platform seamlessly integrates local fintech and payment solutions into applications for global scalability.

Industry:
Fintech
Subindustry:
Marketplaces

City Rank (London)

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National Rank (United Kingdom)

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SB Score:282

Personio is a fast growing, well-funded startup based in Munich that offers holistic cloud-based HR management and recruiting software to small and medium-sized businesses. Our solution plays a critical role in making the day-to-day business operations of HR teams more efficient, transparent and effortless. Focusing on product quality and great service, Personio has grown from 20 to over 100 customers in 2016 without any paid marketing. Our goal is to become the leading one-stop HR platform in Europe. We are naturally relaxed about dress code and obsessed about results and good coffee.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Munich)

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National Rank (Germany)

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10th

Sumup
SB Score:651

SumUp is a global fintech company empowering small businesses in 32 markets worldwide. They are dedicated to helping entrepreneurs succeed in pursuing their passions.

Industry:
Fintech
Subindustry:
Financial Technology

City Rank (London)

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National Rank (United Kingdom)

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Total amount:184

Top Hiring Unicorns in Western Europe by Employee Number

The top three hiring unicorns in Western Europe have an average employee size that is smaller than to the global average. Among these, the Fintech industry features the unicorn with the largest workforce.
SB Score:247

Howden Group Holdings is a global insurance intermediary with broking and underwriting operations in Europe, Asia Pacific, the Middle East, the USA, and Latin America. Specializing in insurance services, they provide coverage and solutions for clients worldwide.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (London)

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National Rank (United Kingdom)

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SB Score:870

Klarna provides online payment solutions, known for its "buy now, pay later" service, allowing consumers to shop with flexibility and security.

Industry:
Fintech
Subindustry:
Payments

City Rank (Stockholm)

0

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National Rank (Sweden)

0

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Global Rank (WorldWide)

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SB Score:861

Revolut is a financial superapp that provides low-fee global spending, currency exchange, and financial services. Users can manage their money easily without the typical high banking fees.

Industry:
Fintech
Subindustry:
Online Banking

City Rank (London)

0

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National Rank (United Kingdom)

0

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Global Rank (WorldWide)

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SB Score:734

Picnic is a cost-effective online supermarket that delivers groceries to your doorstep for free. They utilize software and data-driven strategies to lead a grocery revolution, making shopping convenient and affordable for everyone.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

City Rank (Amsterdam)

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National Rank (The Netherlands)

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Global Rank (WorldWide)

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Total amount:187

Best Countries for Startups
StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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