Top Unicorn Startups in Western Europe for 2025

In Western Europe, we rank 177 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 2025

SB Score:863

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

National Rank (Germany)

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SB Score:844

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

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SB Score:842

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

National Rank (United Kingdom)

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Total amount:177

Best Software & Data Startups in Western Europe for 2025

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 4.87B, an amount that is higher than the global industry average.
SB Score:863

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

National Rank (Germany)

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SB Score:742

Mistral AI is a company specialising in developing advanced artificial intelligence solutions. They focus on creating state-of-the-art AI models that cater to a variety of applications, from natural language processing to complex problem-solving. Mistral AI aims to push the boundaries of AI technology by leveraging cutting-edge research and development. Their offerings are designed to help businesses and organisations harness the power of AI for improved efficiency, innovation, and decision-making.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

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3rd

Odoo
SB Score:701

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

National Rank (Belgium)

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Total amount:59

Most Valuable Unicorns in Western Europe for 2025

The top three most valuable unicorns in Western Europe have raised total funding of more than USD 62.3T. Among the top three funded unicorns, the most popular industry, based on total funding, is Hardware & IoT.
SB Score:842

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

National Rank (United Kingdom)

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SB Score:844

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

National Rank (Sweden)

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SB Score:626

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

National Rank (Germany)

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SB Score:170

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

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (United Kingdom)

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SB Score:738

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

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SB Score:607

Talkdesk offers an enterprise contact center platform that allows companies to make the customer experience a competitive advantage. With its performance and consumer-like ease of use, Talkdesk easily adapts to the evolving needs of sales and support teams and their end customers, resulting in increased customer satisfaction, productivity, and cost savings. Over 1,400 innovative enterprises around the world, including IBM, Acxiom, and Zumiez rely on Talkdesk to power their customer interactions. The San Francisco, California-based company was formed by Cristina Fonseca and Tiago Paiva in 2011.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (Portugal)

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SB Score:649

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. It provides electrification and renewable energy storage designed for lithium-ion battery plants to produce batteries for electric vehicles. Northvolt's product is an environment-friendly battery manufactured with a minimal carbon footprint and with recycling technology without compromising important ecosystems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems.

Industry:
Energy & Environment
Subindustry:
Energy

National Rank (Sweden)

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SB Score:617

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

Industry:
Fintech
Subindustry:
Marketplaces

National Rank (United Kingdom)

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SB Score:668

Personio is a comprehensive HR software designed for companies with 10 to 2000 employees. Simplifying HR processes without any fuss or exaggeration, Personio offers great HR solutions.

Industry:
Software & Data
Subindustry:
Software

National Rank (Germany)

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10th

Sumup
SB Score:630

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

National Rank (United Kingdom)

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Total amount:177

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:842

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

National Rank (United Kingdom)

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SB Score:272

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

National Rank (United Kingdom)

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SB Score:713

Ovo supplies clean energy to help lower carbon emissions. Their mission is to make sustainable energy more accessible and affordable for everyone.

Industry:
Energy & Environment
Subindustry:
Sustainability

National Rank (United Kingdom)

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SB Score:711

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

National Rank (The Netherlands)

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Total amount:177

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
254.050
00.00
00.00
00.00
2nd
0
United Kingdom
70.743
00.00
00.00
00.00
3rd
0
Israel
62.167
00.00
00.00
00.00
4th
+
1
Singapore
54.682
00.00
00.00
00.00
5th
-
1
Canada
45.438
00.00
00.00
00.00
6th
0
Sweden
35.311
00.00
00.00
00.00
7th
0
Germany
33.159
00.00
00.00
00.00
8th
0
France
32.417
00.00
00.00
00.00
9th
+
1
Switzerland
31.747
00.00
00.00
00.00
10th
-
1
The Netherlands
30.872
00.00
00.00
00.00
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