The European Unicorn Boom In 2024

According to Dealroom, by mid-year 2024, eight new unicorns—startups valued at over $1 billion—had emerged, already surpassing the seven created during all of 2023. These new unicorns come from a range of industries, including generative AI, financial technology (fintech), and autonomous vehicles.

Europe now makes up 14% of the world’s 1,400+ unicorns, putting it on par with China but behind the United States, which has over half of the total. Within Europe, the United Kingdom leads as the dominant hub, boasting more than 30 unicorns, followed by France with 20 and Germany with 18. The UK, notable for being the second-highest-funded tech ecosystem globally, secured over $6 billion in funding during the first half of 2024.

The European startup ecosystem is showing significant signs of recovery in 2024 after two years of slow growth. Fintech and software continue to dominate Europe’s unicorn landscape, underpinned by significant funding rounds. So far this year, 59 European startups have raised more than $100 million, driven by booming sectors like generative AI and sustainable energy. Generative AI alone has attracted $3 billion in venture capital funding, while the energy sector leads with $5.7 billion, including breakthroughs in hydrogen-focused technologies.

The achievements of 2024 highlight Europe’s ability to innovate and adapt, even as it faces new challenges like the EU-AI Act, which aims to balance technological progress with ethical concerns. Established unicorns like Klarna and Revolut continue to set the standard, while the newest unicorns show Europe’s strength in finding solutions in areas like automation and sustainability.

This article explores the startups that achieved unicorn status in 2024, exploring their journeys, sectors, and impact. These milestones prove that Europe’s entrepreneurial spirit remains strong, creating opportunities for continued innovation and growth.

DataSnipper

• Founder/s: Jonas Ruyter, Maarten Alblas
• Founded year: 2017

DataSnipper is an advanced platform that uses AI-powered automation to improve auditing and financial review processes. Founded in 2017 and based in Amsterdam, it works directly within Excel, a tool widely used in the finance industry. This integration makes it easier and faster to handle tasks like extracting data, cross-referencing, and verifying information. By addressing issues such as auditor fatigue, repetitive manual work, and the risk of errors, it transforms the way financial reviews are done.

The platform’s main features include document matching, form extraction, and table snipping. These tools help auditors quickly and accurately compare data from different sources, such as invoices, bank statements, and inventory records. This not only saves time but also improves accuracy, allowing finance professionals to focus on more valuable tasks.

DataSnipper has gained widespread recognition for its innovative approach. It is used by over 500,000 professionals worldwide, including external and internal auditors, tax advisors, forensic accountants, and financial controllers. Its ability to simplify tasks extends beyond audits to tax compliance, financial management, and advisory services, making it a versatile tool for finance teams in many industries.

The company’s success is highlighted by its impressive funding achievements. After raising its first funding round from Insight Partners in 2022, DataSnipper secured €92 million ($100 million) in a Series B funding round in June 2024, led by Index Ventures. This funding valued the company at $1 billion, making it Europe’s first unicorn of the year. The new investment will support its expansion into different industries and global markets, strengthening its position as a leader in intelligent automation.

Pennylane

• Founder/s: Arthur Waller, Alexandre Roquoplo, Felix Blossier, Edouard Mascré
• Founded year: 2020

Pennylane is an innovative platform for accounting and financial management, founded in 2020 with the goal of changing how businesses and accountants work together. Based in Paris, this French fintech provides startups and small to medium-sized businesses (SMEs) with an all-in-one tool that makes financial tasks easier and improves collaboration with accountants.

The platform combines essential tools like expense tracking, invoicing, cash flow monitoring, and accounting into one easy-to-use dashboard. Using AI-powered automation and real-time data updates, Pennylane simplifies financial processes and increases efficiency. For accountants, it saves time, reducing the hours spent on each case by an average of 15%. Automated features, such as data recovery, tax return preparation, and automated matching of accounts, ensure tasks are done accurately and quickly.

Over 200,000 users rely on Pennylane, showing how effective it is at improving the way businesses and accountants work together. Its electronic invoicing and automation tools help users work smarter, supporting growth and smoother operations.

Pennylane's success in the fintech industry is reflected in its funding achievements. In February 2024, the company raised €40 million in a Series C funding round led by DST Global, with support from Sequoia Capital. This brought its total funding to $169 million and increased its valuation to $1.1 billion, making it a unicorn. 

Bending Spoons

• Founder/s: Luca Ferrari, Francesco Patarnello, Matteo Danieli, Luca Querella, Tomasz Greber
• Founded year: 2013

Bending Spoons is a software company based in Milan, Italy, known for its wide range of mobile-focused apps. Founded in 2013, it has become a key player in Europe’s tech industry, offering creative and user-friendly digital tools to a global audience. Its top apps include Remini, an AI-powered photo editor; Splice, a professional video editor; and popular platforms like Evernote, Meetup, and StreamYard. Together, these apps attract around 100 million active users every month and have served more than 500 million customers worldwide.

For its first six years, Bending Spoons operated without outside investment. In 2019, it began working with investors and has since raised $635 million, according to Dealroom. The company became a unicorn in February 2024 after raising $155 million in funding led by Durable Capital Partners, with support from investors like Baillie Gifford, Cox Enterprises, and NUO Capital. This funding round valued the company at $2.6 billion, making it one of Europe’s most valuable tech startups.

In 2022, the company passed $100 million in annual revenue and raised $340 million in one of Italy’s biggest funding rounds. This round even attracted Hollywood actor Ryan Reynolds as an investor, showing the company’s wide appeal and strong reputation.

The company has actively pursued an ambitious acquisition strategy, acquiring well-known platforms such as WeTransfer, Brightcove, Issuu, Meetup, and Evernote. These strategic moves have expanded its technological capabilities and service offerings, enabling it to cater to a broader range of content creators, professionals, and businesses. Its apps, powered by cutting-edge AI and engineering, are designed for tasks like photo and video editing, motion graphics, typography, and event management, demonstrating its commitment to innovation and usability. 

ElevenLabs

• Founder/s: Mati Staniszewski, Piotr Dabkowski
• Founded year: 2022

ElevenLabs is a leading AI audio platform founded in 2020 that focuses on text-to-speech, voice cloning, and dubbing technologies. Based in Europe, the company has quickly become a key player in generative AI for audio, offering advanced tools for creators, businesses, and enterprises. Its goal is to make content accessible in any language and voice, revolutionising how audio content is produced and localised.

The platform offers advanced text-to-speech tools that create realistic, human-like speech in 32 languages. Users can generate synthetic voices, clone existing ones, or create entirely new artificial voices that reflect different traits, such as gender, age, and ethnicity. These tools are useful for various tasks, including content localisation, audio production, and customer communication. Businesses can even customise and create their own speech models, allowing for flexibility and tailored solutions.

ElevenLabs also supports developers with APIs and SDKs that are easy to use, making it simple to integrate their tools into existing systems. The platform is designed to work smoothly for enterprises while adhering to GDPR and SOC2 compliance standards, ensuring data security and privacy.

Since it was founded, ElevenLabs has seen impressive growth and secured strong funding at every stage. In January 2023, it raised $2 million in a pre-seed funding round. Six months later, the company raised $19 million in Series A funding. By January 2024, ElevenLabs had raised €73 million ($80 million) in a Series B round led by top investors such as Andreessen Horowitz, Sequoia Capital, Nat Friedman, and Daniel Gross. This latest round valued the company at $1 billion, making it a unicorn and highlighting its success.

Quantinuum

• Founder/s: Ilyas Khan??
• Founded year: 2021

Quantinuum is a quantum computing company based in Cambridge, leading the way in combining advanced quantum hardware and software to tackle some of the world’s toughest problems. The company was founded in 2021 through the merger of Cambridge Quantum Computing and Honeywell Quantum Solutions. It uses cutting-edge quantum technology from Honeywell to make breakthroughs in areas like materials discovery, cybersecurity, computational chemistry, and quantum AI.

Quantinuum’s technology helps organisations across different industries use quantum computing to address important challenges. For example, its innovations contribute to creating hydrogen cell batteries for transport, developing materials for safely storing carbon, and finding solutions for the energy transition. The company focuses on achieving universal fault-tolerant quantum computing, which could open up new opportunities in science, technology, and sustainability.

In January 2024, Quantinuum raised $300 million in its first equity funding round, bringing its valuation to $5.3 billion. This investment was led by JPMorgan Chase, with support from Honeywell, Japan-based Mitsui & Co., and biotechnology company Amgen. The funding increased Quantinuum’s total capital to $625 million, solidifying its position as a leader in quantum computing. The money will be used to speed up the development of fault-tolerant quantum computers and expand its software products to make them more useful for businesses.

Quantinuum is driving progress in fields such as computational chemistry, where it helps discover new materials, and cybersecurity, where its quantum encryption tackles growing threats. Its advancements in quantum AI have the potential to transform industries like pharmaceuticals and finance, showing how quantum computing can shape the future.

Mews

• Founder/s: Richard Valtr, Matthijs Welle
• Founded year: 2012

Mews is a top cloud-based platform for the hospitality industry, based in Amsterdam. It was founded in 2012 to simplify and automate tasks for hotels and their guests. Mews offers a modern property management system with tools for booking, payment processing, point-of-sale (POS), and revenue management. By making these processes easier, Mews helps hotels, hostels, serviced apartments, and hybrid properties improve guest experiences and run more efficiently.

Mews uses advanced technology, like AI-powered smart search and intelligent assistants, to enhance how users interact with its system. Its Mews Kiosk, a next-generation solution, reduces check-in times by a third, demonstrating its focus on improving operations. Whether it’s booking a room or checking out, Mews connects all parts of property management, making everything quicker and simpler for both hotel staff and guests.

More than 5,000 hospitality brands around the world trust Mews to manage their operations. Its innovative tools cater to different types of properties, helping businesses keep up with changing guest expectations and market needs.

In March 2024, Mews raised €101 million ($110 million) in a funding round led by Kinnevik, with contributions from Revaia, Goldman Sachs Asset Management, Notion Capital, and LGVP. This funding gave Mews a valuation of $1.2 billion, officially making it a unicorn. The investment highlights Mews’ leadership in hospitality technology and will support its mission to expand, innovate, and transform how hospitality businesses operate globally.

In September 2024, Mews secured an additional $100 million in financing from Vista Credit Partners, part of Vista Equity Partners. This financing will boost its mergers and acquisitions (M&A) efforts, strengthening its role as a leader in enterprise software and hospitality solutions.

Pigment

• Founder/s: Eléonore Crespo, Romain Niccoli
• Founded year: 2019

Pigment, a business planning platform based in Paris, is transforming the way organisations create and adjust their strategic plans. Founded in 2019, Pigment provides businesses with easy-to-use tools to see important data in real time, such as profit, revenue, spending, and employee numbers. Unlike traditional spreadsheet software like Microsoft Excel, Pigment offers a simpler and smarter way to plan, helping organisations make better and faster decisions.

Pigment’s platform brings together data from different sources, allowing businesses to forecast, plan, and strategise with accuracy. Its interactive design makes complex financial and operational data easy to understand and work with, enabling teams to collaborate on flexible plans. Big companies like Unilever, Merck, Klarna, Figma, and Datadog trust Pigment to improve their forecasting, decision-making, and growth.

Pigment has grown rapidly since it started, raising a total of $396 million in funding. In April 2024, it secured $145 million in a Series D funding round led by Iconiq Growth, with support from Sandberg Bernthal Venture Partners and existing investors like IVP, Meritech, Greenoaks, and Felix Capital. This funding pushed Pigment’s valuation past $1 billion, making it a unicorn and cementing its place as a leader in software and analytics.

Pigment’s solutions are trusted by an impressive range of organisations across industries. Companies like Unilever, Merck, and Datadog use the platform to simplify their planning processes and achieve better results. By integrating and analysing data in real time, Pigment is an essential tool for businesses aiming to work more efficiently and innovate effectively.

Wayve

• Founder/s: Alex Kendall, Amar Shah
• Founded year: 2017

Wayve, a startup based in London, is leading the way in creating advanced self-driving car technology using artificial intelligence (AI). Founded to transform transportation, Wayve’s innovative use of AI and machine learning gives vehicles the ability to drive like humans, allowing them to safely and confidently handle ever-changing environments.

What makes Wayve’s technology unique is its mapless end-to-end AI system. Unlike traditional self-driving systems that depend on pre-mapped areas or restricted zones, Wayve’s vehicles can adapt to different environments without needing detailed maps. By learning from how humans drive, the system improves navigation and safety, making it ideal for driving in both busy cities and quieter suburban areas.

Wayve’s self-driving technology has huge potential for business use, proven by its partnerships with major car makers and companies. The company announced that cars using Wayve’s technology will be available on the Uber platform in several markets, giving access to Uber’s 150 million monthly users worldwide. Wayve is also working with global car manufacturers to include advanced driver assistance systems (ADAS) and fully automated driving features in consumer vehicles, showing its commitment to making its technology widely available.

In May 2024, Wayve raised $1.05 billion in a Series C funding round—the largest ever for a European AI startup. This record-breaking investment was led by SoftBank, NVIDIA, and Microsoft, reflecting strong trust in Wayve’s vision and technology. In August, Uber also made a strategic investment in the company, further highlighting its leadership in the self-driving car industry. Although Wayve hasn’t revealed its exact valuation, the massive funding has made it one of Europe’s most well-funded and successful tech startups.

Flo Health

• Founder/s: Dmitry Gurski and Yuri Gurski
• Founded year: 2015

Flo Health is a digital health company known for its app, Flo, which helps people track their menstrual cycle and ovulation. The app is available on both iOS and Android and is popular worldwide, with development offices in London, Amsterdam, and Vilnius. By February 2024, the app had been downloaded more than 350 million times and had 60 million active users each month. In mid-2024, Flo became a unicorn, with its value reaching over $1 billion.

Flo Health was co-founded in 2015 by Dmitry and Yuri Gurski in Belarus. Dmitry Gurski is the CEO of the company. In 2016, Flo raised $1 million in seed funding from Flint Capital and Haxus Venture Fund. A year later, in 2017, the company secured an additional $5 million in funding, including support from model Natalia Vodianova, who helped raise awareness with the global campaign "Let’s Talk About It. Period." Also in 2017, Flo partnered with the United Nations Population Fund (UNFPA) to promote awareness of reproductive and sexual health.

Flo continued to grow, raising more funds in later years. In 2018, it raised $6 million from Mangrove Capital Partners, bringing the company’s value to $200 million. By 2019, Flo raised another $7.5 million, with Founders Fund among the investors. In 2021, Flo raised $50 million in a Series B funding round, which raised its value to $800 million.

In 2023, Flo raised more than $200 million in a Series C funding round led by General Atlantic, pushing the company’s value past $1 billion.

Flo provides tools to track over 70 symptoms related to menstrual and reproductive health. The app offers personalised health insights, expert tips, and access to a private community for discussion. In 2023, Flo introduced a feature called Flo for Partners, which allows users to share health information with their partners. The app also includes an Anonymous Mode, which protects user privacy and sensitive data.

Flo Health has received several prestigious awards. It was named in TIME’s Best Inventions List in 2023 and was included in Fast Company’s World Changing Ideas 2023. The app’s Anonymous Mode feature won the Legal Innovation Award from the International Association of Privacy Professionals in 2022. In 2019, Flo was also recognised as a CES Innovation Awards Honouree.

Flo’s growth highlights the increasing importance of the femtech sector, which is expected to be worth $60 billion by 2027.

Creatio

• Founder/s: Katherine Kostereva
• Founded year: 2002

Creatio is a low-code software platform specialising in customer relationship management (CRM) and business process automation. Established in 2014, the company provides tools to automate workflows across various industries, including marketing, sales, and customer service. Creatio’s platform empowers businesses to adapt workflows quickly, meeting the growing demand for agility and automation in organisational processes.

Creatio is headquartered across seven global offices, including locations in Poland and Ukraine, and employs a workforce of 700 people. It serves medium to large-sized enterprises, with notable clients such as Coca-Cola and MetLife. The company supports its operations through a network of 700 partners across 100 countries and maintains a local presence in 25 countries.

The company has achieved significant growth, with revenues increasing by 50% annually for several years. In 2021, Creatio raised $68 million after a period of self-sustained growth. In 2024, it secured $200 million in a funding round led by Sapphire Ventures, with participation from StepStone Group, Volition Capital, and Horizon Capital. This round elevated the company to unicorn status with a valuation of $1.2 billion.

Lighthouse

• Founder/s: Gino Engels and Matthias Geeroms
• Founded year: 2012

Lighthouse is a company based in the UK that provides AI-powered software solutions specifically for the travel and hospitality industry. Previously called OTA Insight, the company offers booking management software, AI-driven pricing tools, and a business intelligence platform. These tools are designed to help independent hotels, large hotel groups, and bed-and-breakfast owners. Lighthouse’s goal is to make decision-making easier by gathering important data into one platform, helping users increase their revenue by using data to guide their decisions.

Founded in 2012, Lighthouse works with over 70,000 hospitality providers worldwide. The company’s solutions are aimed at improving pricing, boosting operational efficiency, and providing valuable market insights. The platform tracks 16.4 million hotel and short-term rental listings every day. With more than 700 employees, Lighthouse is a well-established player in the travel and hospitality sectors.

In 2024, Lighthouse raised $370 million in a Series C funding round led by KKR, which increased its value to unicorn status. This round brought the total amount of funding to $470 million. Other investors, such as Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures, also took part. The money raised will be used for acquisitions, expanding globally, and developing new products.

Lighthouse has grown by acquiring other companies, completing five acquisitions since 2020. In 2024, it bought Stardekk, a hotel software provider from Belgium, and HQ Revenue, a pricing software company from Germany, which helped strengthen its presence in the European market.

Pigment

• Founder/s: Eléonore Crespo and Romain Niccoli
• Founded year: 2019

Pigment, a business planning platform founded in 2019 by Eléonore Crespo and Romain Niccoli, achieved unicorn status in April 2024 with a valuation of $1 billion. The company has raised $397 million across five funding rounds, including a $145 million Series D round in April 2024. Pigment provides organisations with tools to build adaptable plans and make strategic decisions in real time, fostering collaboration and enabling teams to navigate uncertainties effectively. T

rusted by companies such as Unilever, Mozilla, and Kayak, Pigment supports finance, sales, and HR teams globally. Recognised as a Visionary in the 2024 Gartner® Magic Quadrant™ for Financial Planning Software, Pigment continues to innovate, leveraging AI to enhance planning processes and partnering with BearingPoint to deliver advanced planning solutions.

Playtomic 

• Founder/s: Pedro Clavería, Félix Ruiz, and Pablo Carro
• Founded year: 2017 

Playtomic, a Madrid-based sports company founded in 2017 by Pedro Clavería, Félix Ruiz, and Pablo Carro, is a leading platform for connecting players with clubs for racket sports such as padel and tennis. Recognised as one of Spain's first unicorns, Playtomic operates the largest sports reservation network in the country, with over 4,000 affiliated clubs, including 650 in Spain, and more than 2,500 courts. 

Its app, which has over one million monthly active users across 34 countries, enables players to book courts and engage in sports such as padel, tennis, and other team sports. The company raised €56 million in investment in 2021, led by GP Bullhound and other investors, to expand its reach and accelerate the digitalisation of the sports industry. 

By November 2021, monthly bookings on its platforms had surpassed one million, tripling year-over-year. Playtomic's mission is to make sports more accessible globally while connecting clubs with a growing community of players.

Spryker

• Founder/s: Boris Lokschin and Alexander Graf
• Founded year: 2014 

Spryker, founded in 2014 by Boris Lokschin and Alexander Graf, is a commerce technology platform enabling global enterprises to build transactional business models across B2B, B2C, and Enterprise Marketplaces. Known for its headless architecture and cloud-native, API-based approach, Spryker supports over 150 companies, including Toyota, Siemens, Hilti, and Ricoh, managing transactions in more than 200 countries. 

Recognised as a Leader in the 2024 Gartner® Magic Quadrant™ for Digital Commerce, the platform provides enterprise-ready features and has introduced innovations such as the App Composition Platform (ACP) and Front End Enablement Services (FeS). 

With a growing international team, called the "Spryker Herd," the company has achieved over 100% year-over-year growth and secured $130 million in Series C funding in 2020. Spryker continues to redefine digital commerce by offering flexibility and agility tailored to diverse business needs.

Soonicorn startups in Europe

1. Agicap

Agicap is a French company offering automated cash management solutions through a subscription-based SaaS platform. Founded in 2016 by Sébastien Beyet, Clément Mauguet, and Lucas Bertola in Lyon, the company aims to simplify financial management for businesses by replacing traditional spreadsheet-based dashboards with streamlined, digital tools. Agicap's platform serves a variety of sectors, including manufacturing, catering, fashion, construction, retail, real estate, and media production.

Since its inception, Agicap has experienced significant growth. Its turnover has increased tenfold within 18 months, and its workforce has expanded from eight employees to over 500, with plans to reach 1,000 employees in the next two years. The company currently supports over 7,000 clients across Europe, primarily small and medium-sized businesses.

In recent years, Agicap has expanded its operations internationally, establishing a presence in Germany, Spain, Italy, and the Netherlands, where more than half of its sales are now generated. The company operates in 11 countries and continues to grow its customer base, with an ambition to reach over 10,000 clients by the end of the year.

Agicap has attracted significant investment to support its growth. In its Series B funding round, the company raised €80 million, led by US-based Greenoaks Capital, with participation from existing investors BlackFin Capital and Partech Partners. The funding is being used to further develop its platform, expand its international reach, and support its ambitious recruitment goals.

2. Akeneo

Akeneo is a global leader in Product Information Management (PIM) and product experience (PX) solutions, empowering businesses to deliver consistent and engaging product experiences across channels. Its Product Cloud provides tools for AI-powered data enrichment, supplier onboarding, and syndication, alongside an app marketplace and partner network. Serving notable clients like Chico’s, CarParts.com, and Kering, Akeneo helps brands, manufacturers, and retailers scale their omnichannel initiatives. Recognised in Viva Technology’s 2024 Top 100 Next Unicorns list, Akeneo is committed to enabling efficient product information management and fostering meaningful product interactions for consumers and professionals alike.

3. Amboss

AMBOSS is a medical knowledge platform founded in 2012 to address the challenges of fragmented resources in medical education. Initially developed for German medical students, it quickly became a widely used tool, with 95% of Germany’s future doctors adopting it within a year. The platform expanded to serve physicians globally, launching an English-language product for the US market in 2017 and growing its reach to over 170 countries by 2022. Today, AMBOSS supports two million medical professionals worldwide with tools designed to simplify access to clinical knowledge and enhance decision-making in medical practice.

4. Anydesk

AnyDesk, founded in Germany in 2014, provides remote desktop software enabling users to access devices remotely for tasks such as screen sharing, collaboration, troubleshooting, remote work, and mobile device management. Headquartered in Stuttgart, the company operates globally with offices in the United States, Hong Kong, and China. Trusted by millions of users and over 200,000 customers in 190 countries, including Fortune 500 companies, AnyDesk is recognised as one of Germany's 50 fastest-growing businesses. Combining its start-up roots with a scale-up mindset, AnyDesk fosters innovation and supports flexible, efficient remote solutions for individuals and organisations worldwide.

5. Anyfin

Anyfin, a fintech company founded in 2017 by Mikael Hussain, Filip Polhem, and Sven Perkmann, focuses on making debt management more affordable and transparent. Operating in Sweden, Finland, Norway, and Germany, the company helps individuals reduce the cost of unnecessarily expensive loans, providing better terms and a clear overview of payments. To date, Anyfin has improved the conditions of over one million loans, saving customers millions of kroner. In its effort to expand across Europe, Anyfin recently secured €30 million in a Series C funding round.

6. Auxmoney

Auxmoney, founded in 2007 and based in Düsseldorf, Germany, is a digital lending platform specialising in consumer credit. It provides a range of credit services, including personal and business loans, focusing on affordable and efficient digital processes. The platform utilises over 3,000 data points to assess creditworthiness, enabling more than 70% of loans to be provided fully automatically. Auxmoney has helped realise over 450,000 financial plans, catering to individuals and businesses seeking accessible financial solutions.

7. Avi Medical

AVI Medical, founded in 2020 and based in Eching, provides healthcare services focused on enhancing the patient experience by integrating technology with a human-centric approach. The company utilises evidence-based medicine and targeted digitisation to deliver personalised care for families, executives, and employees, ensuring the human connection remains central to its services. AVI Medical specialises in fitness, healthcare, medical, and personal health services, aiming to elevate the quality of care through innovation and compassion.

8. Bitrise

Bitrise, founded in 2014 as a spin-off of app agency Bitfall, provides a platform designed to simplify and enhance mobile app development. With over 100,000 developers and more than 6,000 customers, Bitrise supports the creation of over 2 million builds each month. The company has raised over $95 million in funding, including a $3.2 million Series A in 2017, a $20 million Series B in 2019, and a $67.5 million Series C in 2021. Bitrise operates remotely and has offices in London, San Francisco, and Boston. It is the only Hungarian company to have participated in Y Combinator and was recognised among the Top 100 European and Israeli cloud companies by Accel in 2020. Bitrise’s growth includes the acquisition of monitoring tech company Outlyer in 2019, underscoring its commitment to improving the app development process for developers worldwide.

9. Brevo

Camunda is a process orchestration platform designed to automate complex business processes for enterprise companies. It provides tools for creating and deploying process and decision models, as well as executing assigned tasks, with a focus on end-to-end business process automation. The platform includes a BPMN-compliant workflow engine, a DMN-compliant decision engine, and integrates with distributed systems using REST APIs. Camunda components, such as Zeebe, Operate, Tasklist, Optimize, and Identity, are available under various licenses, with production use requiring a commercial license. Founded in 2008 by Jakob Freund and Bernd Rücker in Berlin, Camunda initially focused on business process management consulting, amassing over 250 clients within four years. It now serves approximately 600 customers and hosts the biannual CamundaCon conference. In December 2018, Camunda raised €25 million in Series A funding from Highland Europe, followed by €82 million in Series B funding in March 2021, led by Insight Partners and Highland Europe. Recognised for its growth, Camunda appeared in the Deloitte Technology Fast 500 EMEA in 2017 and 2018, and Deloitte's Technology Fast 50 Germany in 2019, 2020, 2021, and 2022. It was also included in Viva Technology’s “Top 100 Next Unicorns” lists in 2023 and 2024.

10. Camunda

Camunda is a process orchestration platform designed to automate complex business processes for enterprise companies. It provides tools for creating and deploying process and decision models, as well as executing assigned tasks, with a focus on end-to-end business process automation. The platform includes a BPMN-compliant workflow engine, a DMN-compliant decision engine, and integrates with distributed systems using REST APIs. Camunda components, such as Zeebe, Operate, Tasklist, Optimize, and Identity, are available under various licenses, with production use requiring a commercial license. Founded in 2008 by Jakob Freund and Bernd Rücker in Berlin, Camunda initially focused on business process management consulting, amassing over 250 clients within four years. It now serves approximately 600 customers and hosts the biannual CamundaCon conference. In December 2018, Camunda raised €25 million in Series A funding from Highland Europe, followed by €82 million in Series B funding in March 2021, led by Insight Partners and Highland Europe. Recognised for its growth, Camunda appeared in the Deloitte Technology Fast 500 EMEA in 2017 and 2018, and Deloitte's Technology Fast 50 Germany in 2019, 2020, 2021, and 2022. It was also included in Viva Technology’s “Top 100 Next Unicorns” lists in 2023 and 2024.

11. Catawiki

Catawiki, founded in 2008 and based in Assen, Netherlands, is an online auction platform specialising in rare and unique items, including collectibles, art, antiques, and luxury goods. Valued at over €300 million, the platform connects buyers and sellers worldwide, offering curated auctions led by expert in-house auctioneers who handpick items and provide value estimates. Launched in 2011, Catawiki serves as an alternative to traditional auction houses like Christie’s and online marketplaces like eBay. Recognised for its growth, it was named the fastest-growing tech company in Europe on Deloitte’s Technology Fast 500 list in 2015 and ranked 13th on the Financial Times' list of fastest-growing companies in Europe in 2017.

12. Cubyn

Cubyn, founded in 2014 and based in Paris, is a logistics startup specialising in on-demand delivery solutions for e-commerce businesses. Operating in the fast-growing first-mile logistics segment, Cubyn provides a tech-driven platform that handles the collection, packaging, and global shipping of orders. Merchants can create tailored shipment requests via Cubyn’s platform, e-commerce module, or API and schedule pickups within a two-hour window, with tracking available throughout the process. Offering services for €1.00 per parcel, Cubyn enables clients to save up to 50% on shipping costs. The company raised €1.1 million in seed funding in 2016 from 360 Capital Partners, Partech Ventures, and others, followed by a $7 million Series A round in 2017 led by DN Capital, with BNP Paribas Developpement, Partech Ventures, and 360 Capital Partners participating. Cubyn has partnered with Price-Minister to support its expansion across Europe, aiming to help merchants deliver cost-effective and efficient shipping solutions that meet growing consumer expectations for fast delivery.

13. Dashlane

Dashlane, a digital security company, raised $110 million in a Series D funding round led by Sequoia Capital, with participation from existing investors Rho Ventures, FirstMark Capital, and Bessemer Venture Partners. While the company’s valuation was not disclosed, Sequoia Capital partner Jim Goetz joined Dashlane’s board of directors as part of the transaction. Additionally, Joy Howard, previously CMO at Lyft, joined Dashlane as its new chief marketing officer, succeeding Jeff Paradise, who transitioned to become chief revenue officer in August 2018 before moving to Pipedrive. Dashlane simplifies online life by securely managing passwords, payments, and personal information through a zero-knowledge system that ensures user data remains private. The platform helps users generate unique, strong passwords, securely autofill information, and protect themselves from data breaches, empowering digital independence without sacrificing convenience.

14. Deepki

Deepki operates a platform designed to assist the real estate industry in reducing emissions by collecting and aggregating sustainability data such as carbon emissions, water and energy usage, waste, and other ESG metrics. The platform leverages automation tools, including APIs and web scraping, to streamline the data collection process. In March 2022, Deepki raised $166 million in a Series C funding round led by Highland Europe and One Peak Partners, supporting its mission to enhance sustainability in the real estate sector.

15. Descartes Underwriting

Descartes Underwriting, founded by insurance veterans and climate scientists, provides next-generation corporate insurance solutions to address climate and emerging risks. Specialising in parametric insurance, the company offers customised and transparent coverage with swift claims payment, leveraging advanced technologies such as artificial intelligence, machine learning, and data from IoT devices, satellite imagery, and radar to unlock risk insights. In January 2022, Descartes raised $120 million in a Series B funding round led by Highland Europe and Eurazeo, with participation from existing investors Serena, Cathay Innovation, and Blackfin Capital Partners, as well as new entrants Seaya Ventures and Mundi Ventures. This followed an $18.5 million Series A round raised 18 months earlier. Recognised as part of the French Tech Next40 class of 2022, Descartes serves over 200 clients, including Fortune 500 companies, addressing the growing need for innovative insurance solutions in the face of climate change and other emerging risks.

16. Dixa

Dixa, founded in Copenhagen in 2015 and launched in 2017, is a customer service platform designed to create conversational and personalised experiences for customers and agents. Known as the "customer friendship" platform, Dixa enables seamless communication between brands and their customers. The company raised $36 million in a Series B funding round led by Notion Capital, with participation from existing investors Project A Ventures and SEED Capital, following a $14 million Series A round less than a year earlier. The funding supports product development, data integration, and expansion in Europe and the US. Recognised for its innovation, Dixa secured first place for ‘Best Customers Experience Solution’ and second place for ‘Best Communication & Engagement Solution’ at the E-Commerce Germany Awards 2024. It was also included in the 2024 Top 100 Next Unicorns list by VivaTech and GP Bullhound and was voted #1 on G2 by users globally.

17. Homa Games

Homa Games is a developer and publisher of mobile-based casual games, offering popular titles such as Sky Roller, Zombie Defense, and My Grand Casino. The company's games are available on iOS and Android platforms. Homa Games focuses on building communities and technology that enable game creators to transform their ideas into games enjoyed by billions of players worldwide. Since its inception, the company has raised $165 million in funding and employs over 220 people from more than 30 countries.

18. Leapwork

Leapwork is a test automation platform that leverages AI to enhance software quality for businesses. Recognised as a unicorn company in 2021, Leapwork achieved this status after surpassing $100 million in revenue. The platform aims to simplify the interaction between humans and machines, using a visual, no-code approach that makes automation accessible to all skill levels. Leapwork promotes collaboration by enabling seamless knowledge sharing across teams and uniting organisations around a single source of truth, fostering clarity and quality throughout the software testing process.

19. Localyze

Localyze is a platform designed to streamline cross-border talent mobility, providing an all-in-one solution for managing every aspect of international employee relocation. From paperwork and status updates to communication, the platform centralises all details related to cross-border movements. Localyze offers expert guidance to HR teams and talent, ensuring compliance with immigration requirements and simplifying application processes. Beyond visas, the company supports a well-rounded relocation experience through a curated network of local partners, addressing all the finer details of settling in a new destination.

20. LumApps

LumApps, founded in 2012 and headquartered near Lyon, France, provides an intranet solution designed to centralise enterprise content and foster employee engagement. Integrated with Google’s G Suite, LumApps serves as a digital headquarters where employees can access information, collaborate, share knowledge, and discover purpose within their organisations. The platform prioritises customer-centric innovation, incorporating user feedback to deliver impactful solutions. LumApps raised $8 million in a Series A funding round led by Idinvest Partners to support international expansion in the US and APAC. Serving notable clients such as Colgate-Palmolive and the Toronto Stock Exchange, the company aims to grow its revenue by 250% this year.

21. Moonfare

Moonfare, founded in 2016 and based in Germany, is a digital platform for private equity investing, operating in 22 countries with offices in Berlin, Hong Kong, London, and Luxembourg, and plans to expand to Singapore and Zurich. The platform has over 61,000 members, manages €3 billion in assets, and has facilitated investments in 110+ funds to date. Moonfare raised $125 million in Series C financing in November 2021, led by Insight Partners and backed by Fidelity International Strategic Ventures, bringing its total funding to $185 million and valuing the company at $700 million. Serving 2,500 clients, Moonfare charges a 1% set-up fee and 50 basis points annually on committed capital. The pre-profit company, founded by CEO Steffen Pauls, is exploring M&A and partnerships to accelerate its growth and global expansion.

22. Oviva

Oviva, a Zurich-based digital health startup, focuses on providing innovative solutions for nutrition and lifestyle-related health issues. In 2022, it was recognised by Tech Tour as the Health Award Winner at its Annual Growth ceremony, highlighting Oviva’s potential to achieve a valuation of over €1 billion and become a unicorn. In 2021, Oviva was named to the CB Insights Digital Health 150 list, which showcases the 150 most promising private digital health companies globally. This recognition places Oviva among startups that collectively raised $14.9 billion across 522 deals since 2016, underscoring its impact in areas such as digital therapeutics, hybrid care, and clinical intelligence.

23. PriceFX

Pricefx is a global leader in cloud-native and AI-powered pricing software, providing solutions to optimise pricing strategies and maximise margins for businesses across sectors such as manufacturing, distribution, and chemicals. Recognised for its innovative technology, Pricefx won the 2022 Artificial Intelligence Excellence Awards for its AI-powered market simulation tool, which predicts the impact of pricing on customer behaviour and overall market dynamics. The company was also named the sole leader in the Spring 2023 Enterprise Grid® Report for Pricing Software by G2. In its largest revenue quarter to date, ending March 31, 2024, Pricefx reported a 59% increase in quarter-over-quarter net new annual recurring revenue (NNARR) and a 45% jump in effective ARR, with 12 new customer project go-lives globally, including notable clients such as Rolls Royce, Kohler, and Simpson Strong Tie Co. Its industry-leading partner ecosystem facilitated the implementation of all new business projects, further demonstrating its global impact and growth potential.

24. Quinyx

Quinyx, a cloud-based workforce management platform founded in Sweden by Erik Fjellborg, provides AI-powered solutions for employee scheduling, communication, payroll integration, and forecasting. Recognised for its innovation, Quinyx was named to the 2019 Tech Tour Growth 50 and included in the 2023 Europe's Next Unicorns list, highlighting its potential to achieve a $1 billion valuation. McDonald’s, its first customer, adopted Quinyx to address challenges in shift management. The platform has consistently been recognised as a leader by G2 in workforce management, employee engagement, scheduling, and time & attendance, reflecting its impact in improving workforce efficiency and engagement.

25. RavenPack

RavenPack, a leading data analytics provider founded in 2003, specialises in extracting value and insights from large volumes of information to help organisations enhance returns, reduce risk, and improve operational efficiency. Serving sophisticated banks, hedge funds, and organisations globally, the company launched RavenPack Edge, an AI platform that analyses billions of documents across 13 languages, tracks over 12 million entities, and provides datasets on ESG and earnings to improve supply chain monitoring, client understanding, and risk management. Recognised as the Alternative Data Vendor of the Year, RavenPack was also listed among Viva Technology's "Top 100 Next Unicorns" in 2022, reflecting its potential to reach a valuation of $1 billion. The company employs over 180 team members representing 30+ nationalities and is expanding into new markets while maintaining its position as a leader in financial data analytics.

26. Recorded Future

Recorded Future, founded in 2007 by Christopher Ahlberg, is a global leader in threat intelligence, leveraging AI and interconnected threat data to help organisations address accelerating and converging security threats. With over 1,800 clients, more than 1,000 employees, and annual revenue exceeding $300 million, Recorded Future provides actionable intelligence to enhance security operations. The company’s history includes major milestones such as its 2019 acquisition by Insight Partners for $780 million, the launch of Recorded Future AI in 2023, and the Ministry of Digital Transformation of Ukraine signing a Memorandum of Cooperation in 2022. In September 2024, Mastercard acquired Recorded Future for $2.65 billion. Notable achievements include surpassing $250 million in ARR in 2022, acquisitions like Security Trails and Hatching, and launching modules for Identity Intelligence and Third-Party Risk Intelligence. Recorded Future continues to innovate, expanding its reach and impact in cybersecurity through partnerships, investments, and cutting-edge solutions.

27. Sendcloud

Sendcloud, founded in 2012 by Bas Smeulders, Rob van den Heuvel, and Sabi Tolou, is a shipping platform designed to help e-commerce businesses streamline and optimise their shipping processes. The platform enables users to select multiple carriers, automate returns, and manage diverse shipping methods, including cross-border, parcel lockers, same-day delivery, and scheduled delivery. Serving over 23,000 customers across the Netherlands, the UK, France, Germany, Spain, Italy, Belgium, and Austria, Sendcloud has grown from a simple API to a comprehensive all-in-one solution. The company raised $200 million in its latest funding round, reflecting its increasing recognition among both clients and investors.

28. Shippeo

Shippeo, founded in 2014, is a European leader in real-time multimodal transportation visibility, providing shippers and logistics providers with tools to enhance supply chain resilience, sustainability, and customer service. The platform connects FTL, LTL, parcel, and container transport through integration with over 1,000 systems, including 700+ TMS, telematics, and ELD systems via a unique API. Shippeo tracks more than 55 million shipments annually across 110 countries, offering instant shipment tracking and unmatched ETA accuracy powered by its proprietary algorithm. With Transport Process Automation™, the platform enables proactive issue management and precise measurement of CO2 and GHG emissions. Supported by $38.5 million in Series B funding, Shippeo has a team of over 200 professionals from 30 countries and serves global brands such as Amazon, Coca-Cola, and L'Oréal. Major milestones include a global partnership with Nexans in 2021, the acquisition of oPhone in 2020, and subscription revenue growth of 204% in the first half of 2020.

29. Supermetrics

Supermetrics, founded in 2009 by Mikael Thuneberg, simplifies data analysis by connecting various data sources to platforms like Excel, streamlining insights for marketers and analysts. The idea originated when Mikael connected the Google Analytics API to Excel, winning a Google t-shirt and recognising a global need for such solutions. Now serving over 200,000 companies in 120 countries, Supermetrics processes more than 30 million queries and saves users 525,000 hours weekly, with over 20,000 weekly active users. Recognised for its excellence, Supermetrics has been featured in G2's Top 100 Best Software Products and Highest Satisfaction Products awards for 2022, named a top performer in Data Extraction Software by Capterra, and listed among Europe's fastest-growing companies by the Financial Times.

30. Sweep

Sweep, launched in 2020, is Europe’s leading carbon and ESG platform, enabling companies to measure, collect, and report carbon emissions effectively, including through its recently introduced Sweep for Supply Chain solution. Recognised for its rapid growth and innovation, Sweep was a finalist for The Next Unicorn Awards at VivaTech 2023, highlighting its potential to achieve a $1 billion valuation in the coming years. Featured on the "Top 100 Next Unicorns" list, Sweep joins other prominent scaleups like Pennylane and Wallapop. Supported by leading VC funds including Accel, Balderton, Eurazeo, Northzone, and Partech, Sweep’s selection reflects its strong business and employee growth, significant funding raised, and positive impact on the European tech ecosystem.

31. Templafy

Templafy, a market leader in document performance, helps enterprises automate document creation, maximising productivity while protecting brand reputation and driving revenue growth. Serving over 3.9 million users globally, Templafy saves employees an estimated 30 days annually by eliminating manual document work. In 2020, the company achieved significant milestones, including 60% team growth, a $25 million investment, the launch of its Hive platform, and the opening of a new global office. Trusted by leading organisations like ERM, Templafy enables seamless adoption of templates and document automation, transforming documents from back-office tasks into strategic assets.

32. TestGorilla

TestGorilla, a business-to-business (B2B) company focused on eliminating hiring bias, has been recognised in Sifted’s Europe’s Rising 100, a data-driven ranking of emerging venture capital-backed companies. Selected from a pool of 250 candidates based on market potential, team strength, and tech innovation, TestGorilla was acknowledged for building sustainably with a clear mission. The recognition follows the company’s $70 million Series A funding round and reflects its strong momentum, including 295% employee growth in the past 12 months. Additionally, TestGorilla was featured on Otta’s 2022 Rocket List of the top 100 growing tech companies, further underscoring its impact and rapid development in a challenging market environment.

33. Wallapop

Wallapop, founded in 2014 in Barcelona by Miguel Vicente, Agustín Gómez, and Gerard Olivé, is a Spanish online marketplace connecting buyers and sellers of used items through its mobile app and website. The platform utilises geo-localised technology to help users find items for sale in their local neighbourhood, offering categories such as electronics, fashion, home goods, and vehicles. Led by CEO Rob Cassedy, Wallapop is valued at over €690 million and is approaching unicorn status. Nearing profitability in Spain, the company expects its revenue to surpass €100 million in 2023, reflecting its steady growth and market presence.

34. WeTransfer

WeTransfer, founded in 2009, began as a platform for sending large files and has evolved into an ecosystem of creative productivity tools tailored for professionals. Committed to the creative community, WeTransfer donates 30% of its advertising space to promote artists, creative projects, and critical global issues, partnering with figures and organisations such as Björk, Marina Abramovi?, the Nelson Mandela Foundation, and the UN Development Program. The company has also contributed to initiatives like the world's first free Master's programme in design thinking with the University of the Underground and the global radio station Worldwide FM. In 2021, WeTransfer established The Supporting Act, a foundation supporting emerging creative talent, further demonstrating its dedication to creativity as a driving force for progress.

35. Xentral

Xentral is a business software platform designed to help small and medium-sized enterprises (SMEs) automate and streamline their daily operations by consolidating orders, inventory, payments, and shipping processes in one place. Founded in 2017 by Benedikt and Claudia Sauter, Xentral evolved from an in-house solution for their microcontroller business to a comprehensive ERP system tailored to SME needs. Backed by Sequoia Capital, Tiger Global, and Meritech Capital, the platform has facilitated nearly 2,000 customers in processing over 71 million orders, amounting to a sales volume of almost €3 billion. With flexible features and interfaces compatible with popular tech tools, Xentral empowers SMEs to grow sustainably while enhancing customer satisfaction and operational efficiency.

36. Zivver

Zivver, a European technology scale-up founded in 2015 by CIO Rick Goud, focuses on safeguarding sensitive data and preventing data leaks for organisations. Recognised on Viva Technology's "Next 100 Unicorns" list, Zivver is the only vendor providing protection for digital information across all three stages of email and file transfer transmission—before, during, and after sending. The platform enhances communication security and compliance by adding a privacy layer to existing email systems like Outlook and Gmail. Serving over 3,500 organisations, including 40% of Dutch hospitals, local governments, and the entire Dutch Judicial System, Zivver has grown to a team of over 100 employees. To date, the company has raised over $30 million in funding from DN Capital, henQ capital, Dawn Capital, and SmartFin, supplemented by an innovation credit from ABN AMRO Bank.

37. 360Learning

Paris-based startup 360Learning, founded to revolutionise corporate training through its collaborative learning platform, has raised $200 million in funding, marking one of Europe’s largest edtech rounds in 2023. The round, led by Sumeru, SoftBank, and Silver Lake Waterman, with participation from Bpifrance Large Venture, XAnge, and Educapital, positions 360Learning among Europe’s top edtech companies. Serving clients such as LVMH, Aircall, Toyota, and Appen, the platform aims to shift organisations away from traditional top-down learning structures. While the funding round suggests a unicorn valuation, the company has chosen not to disclose specific figures. This significant raise follows the €205 million secured by Austria’s GoStudent earlier in the year, highlighting growing investment in the European edtech sector.

38. Alma

Alma, a New York-based platform founded to simplify access to high-quality and affordable mental health care, supports independent therapists by handling administrative tasks like insurance credentialing, billing, and teletherapy software. Therapists pay a monthly fee to join Alma, which helps them get credentialed with major insurance networks in under 45 days and offers higher payback rates to reduce burnout and improve care quality. With over 60% of adults with mental health concerns not receiving the care they need, Alma aims to bridge this gap. The company recently raised $130 million in Series D funding led by Thoma Bravo, with participation from Cigna Ventures, Optum Ventures, and Tusk Venture Partners, bringing total funding to $220 million. Alma's network provides therapists with tools for scheduling, insurance setup, and peer support to enhance their practices and patient care.

39. CoverManager

CoverManager, a Spanish startup founded in 2015, leverages technology to streamline operations in the hospitality industry. Its platform helps restaurants manage reservations, handle last-minute cancellations, build customer databases, synchronise availability across channels in real-time, and enhance customer experiences with CRM solutions and online payments. As the hospitality sector embraces digital transformation, CoverManager has raised €17 million in a Series A extension, bringing its total funding to €52 million, to accelerate international growth. The funding round, led by GP Bullhound and existing shareholders, allows the founding members to retain majority control. CoverManager continues to support the digitalisation of restaurants with innovative tools for operational efficiency and customer engagement.

40. DataDome

DataDome, founded in 2015, is a global leader in cyberfraud protection, blocking fraudulent traffic and enabling over 300 enterprise customers to outpace threats. Recognised on Viva Technology's 2024 Top 100 Next Unicorns list, DataDome has also earned accolades such as the 2024 Cybersecurity Excellence Award for Fraud Prevention, the 2023 SC Europe Award for Best Use of Machine Learning/AI, and a place on G2's Best Security Products of 2024 list. With a team of over 300 global employees, DataDome processes immense data streams to block billions of attacks. Led by CEO and co-founder Benjamin Fabre, alongside co-founders Benjamin Barrier and Olivier Trabucato, the company employs rigorous security testing, including monthly ethical hacking challenges, to ensure robust protection. DataDome continues to innovate with a mission to create a future free from fraud.

41. Musixmatch

Musixmatch, founded in 2010 by Massimo Ciociola, Francesco Delfino, Giuseppe Costantino, and Gianluca Delli Carri, is an Italian music data company and platform enabling users to search, share, and translate song lyrics. Headquartered in Bologna, it has over 80 million users (50 million active), a catalogue of 12 million songs with lyrics, and a team of 115+ employees. The company provides synchronised lyrics for music through its mobile app, which also serves as a music player. Musixmatch has partnered with major publishers like EMI, Warner/Chappell Music, and Universal Music Publishing. It has collaborated with Spotify for lyrics integration and Instagram for lyrics stickers on stories. In 2022, it launched Musixmatch Podcasts, using AI-driven transcription and tagging technology, and announced a strategic investment from TPG. As of November 2024, Marco Paglia and Rio Caraeff were appointed as Co-Presidents, marking a leadership milestone for the company.

42. ODILO

ODILO, a Spanish edtech company founded in Cartagena, enables organisations to create Unlimited Learning Ecosystems, offering users unrestricted access to the world’s largest multi-format educational content catalogue. Recognised on Viva Technology’s Top 100 Next Unicorns list, ODILO is one of Europe’s most promising scaleups, serving over 9,100 organisations across 54 countries and an aggregated user base exceeding 170 million. With agreements with more than 7,300 digital content providers offering courses, videos, podcasts, books, and more, ODILO supports learning across sectors, including private companies, schools, universities, vocational training, public administrations, and governments. This achievement underscores its growing influence in the global edtech landscape.

43. PASQAL

PASQAL, a Paris-based quantum computing startup, specialises in advancing quantum computing technology to deliver solutions surpassing the capabilities of classical computers. Founded by Alain Aspect, a 2022 Nobel Prize laureate in Physics for his work in quantum mechanics, PASQAL recently secured €100 million ($109 million) in funding and sold quantum computers to high-performance computing centres in France and Germany. The company aims to achieve significant commercial advantages over classical computers by the coming year, leveraging state-of-the-art technology, methodologies, and expertise to tackle complex challenges and drive transformation in various industries.

44. PlanRadar

PlanRadar is a business-to-business software company providing a platform for simplifying construction and real estate project management. With over 150,000 users across 75+ countries, PlanRadar enables companies to manage documentation, communication, task tracking, and defect management efficiently through its app. Recognised as an award-winning product in the construction and real estate sectors, the platform supports over 100,000 project actions daily. Founded by Sander van de Rijdt, Ibrahim Imam, Constantin Köck, and Clemens Hammerl, the company employs 400+ staff across 16 global locations and is trusted by organisations of all sizes for its ease of use and ability to streamline complex workflows.

45. SEON 

SEON is a global leader in fraud prevention, providing innovative solutions to safeguard businesses across sectors such as fintech, igaming, financial services, payments, and e-commerce. Founded by Tamas Kadar and Bence Jendruszak, the company emerged from their experiences combating fraud in the cryptocurrency industry. With advanced technology integrating real-time digital footprint analysis, device intelligence, and a customisable AI-driven rules engine, SEON helps over 5,000 businesses worldwide proactively identify and mitigate threats. Operating with a team of 250+ professionals across hubs in Budapest, London, and Austin, SEON conducts over 12 million fraud checks daily, saving businesses more than $200 billion in fraud-related losses.

46. Swan

Swan.io is a financial technology startup providing a Software as a Service (SaaS) platform tailored for small and medium-sized enterprises (SMEs) to handle financial transactions and update financial records seamlessly. Integrated with the SEPA network, it facilitates efficient money transfers across the European Union. Swan.io allows businesses to utilise its financial institution licence, bypassing the complex and costly process of regulatory compliance by managing compliance, risk, and auditing on their behalf. The company also offers an SME financial services marketplace, fostering innovation and providing diverse financial options. Swan.io generates revenue through platform usage fees and customises solutions for high-volume or unique business models, catering to the evolving needs of SMEs.

47. Tines 

Tines is a cloud-based platform specialising in automating and optimising security workflows, enabling security and operations teams to streamline manual tasks of any complexity. Founded in 2018 by Eoin Hinchy and Thomas Kinsella, Tines was born from their experience as senior security operators facing challenges such as understaffed teams and overwhelming workloads. The platform is designed to enhance efficiency and effectiveness, empowering teams across industries. Trusted by clients including Coinbase, Databricks, and Box, Tines provides a robust solution for creating and managing security workflows, making it a valuable tool for automating critical processes.

48. Uberall 

Uberall is a global platform that bridges the digital and physical worlds by enhancing brand visibility and customer engagement for location-based businesses. Founded in 2013 by David Federhen and Florian Hübner, Uberall empowers businesses to connect with local customers through search, discovery, engagement, and conversion. Its platform provides tools for managing location data, listings, store locators, messaging, local social media, and social ads, enabling businesses to increase visibility and drive sales. Trusted by businesses worldwide, Uberall manages over 1.3 million locations across 194 countries and has raised €143 million in funding to date.

49. Urban Sports Club

Urban Sports Club is Europe’s leading platform for sports and wellness, providing access to over 11,000 venues offering more than 50 types of sports and wellness activities across seven European markets, including Germany, the Netherlands, France, Belgium, Spain, Portugal, and soon Austria. With €95 million in new funding led by Verdane and contributions from existing investors such as HV Capital and ProSiebenSat1, the company aims to enhance its platform, grow its partner network, and expand its fast-growing B2B business. Corporate clients now account for the majority of its member base, with over 7,000 companies, from SMEs to large enterprises, utilising the platform as an employee benefit. The company achieved 100% net revenue growth from 2021 to 2022, driven by increased corporate memberships, which also contribute to employee wellbeing, with 70% reporting reduced stress, better sleep, or fewer illnesses due to their memberships.