As Europe’s funding period resumes after the summer break, the continent is poised to see a surge in new unicorns—potentially dozens. Although massive funding rounds are less frequent than in 2021, 12 startups across Europe have already achieved valuations above $1 billion during the first half of 2025.
Of course, as always, previous trends don’t guarantee what’s ahead, but the outlook for the rest of the year remains optimistic. This also highlights which industries are currently capturing investor interest—from biotechnology and defense technology to artificial intelligence, which continues to dominate.
The following are Europe’s newest unicorn companies in 2025:
September 2025
IQM
The Finnish firm IQM, which focuses on building quantum computers and an associated cloud platform, reached unicorn status after securing over $300 million in Series B funding. Altogether, the company has now raised $600 million.
“We are currently the leading seller of quantum computers worldwide, spanning all major regions,” CEO Jan Goetz told TechCrunch. Their 54-qubit chips are already being utilized in data centers, universities, research labs, and businesses, and the team is preparing to launch their first 150-qubit systems.
Framer
Framer, a platform for building websites without code, hit a $2 billion valuation after closing a $100 million Series D led by existing investors Meritech and Atomico. The new capital will be used to boost the company’s focus on enterprise solutions and artificial intelligence.
Competing with companies such as Figma, Squarespace, Wix, and platforms for collaborative coding, Framer stands out for its design-centric approach. Its founders, Koen Bok and Jorn van Dijk, previously sold a design agency to Facebook in 2011.
July 2025
Lovable
Lovable, a rapidly expanding Swedish AI startup focused on collaborative coding, became a unicorn just eight months after launching. In July, the company secured a $200 million Series A led by Accel at a $1.8 billion valuation. It’s notable that while Lovable Labs Inc. is incorporated in Delaware, most of its staff and job openings are located in Stockholm.
Fuse Energy
Fuse Energy, a U.K.-based clean energy company founded in 2022 by two Revolut alumni, raised a funding round that reportedly brought its valuation above $1 billion, according to The Times in July.
June 2025
Mubi
Movie streaming platform Mubi closed a $100 million funding round led by Sequoia Capital in June, valuing the business at $1 billion and granting it unicorn status. Established in 2007 as a curated streaming site, Mubi has since expanded into film production and distribution.
Zama
Paris-based Zama secured $57 million in Series B funding, pushing its valuation past $1 billion. The company specializes in homomorphic encryption, a cryptographic method that ensures data remains protected.
Isar Aerospace
Isar Aerospace, a German company in the space sector, joined the unicorn ranks in June after arranging a €150 million (about $173 million) convertible bond deal with Eldridge Industries. The launch company originated from the Technical University of Munich (TUM), which now boasts 22 unicorns among its spin-offs.
May 2025
Tekever
Portuguese dual-use drone company Tekever announced in May that its latest funding round confirmed a valuation exceeding £1 billion, though this figure had not previously been made public.
Supported by Ventura Capital, Baillie Gifford, the NATO Innovation Fund, Iberis Capital, and Crescent Cove, Tekever plans to invest £400 million in a U.K. development initiative over the next five years.
Quantum Systems
German dual-use technology startup Quantum Systems reached unicorn status in May 2025, according to PitchBook, after raising a €160 million Series C (roughly $172 million) to fuel global growth, ramp up manufacturing, and develop its autonomous drones, software, and AI solutions.
Balderton Capital led the round, with contributions from Hensoldt, Airbus Defense and Space, Bullhound Capital, LP&E AG, plus existing backers like HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, and Notion.
Parloa
Parloa, a German company providing conversational AI for customer service, secured $120 million in Series C funding at a $1 billion valuation in May 2025—less than a year after its $66 million Series B and just two years after its $21 million Series A. Durable Capital Partners, Altimeter Capital, and General Catalyst led the investment.
March 2025
Isomorphic Labs
Isomorphic Labs, an AI-driven drug discovery firm spun out of DeepMind and based in London, secured its first external investment in March 2025 in a $600 million round led by Thrive Capital, with participation from GV and Alphabet. The company’s valuation wasn’t revealed, but the size of the round confirms its unicorn status.
February 2025
Tines
Tines, a Dublin-based company specializing in AI-enabled workflow automation, reached unicorn status in February 2025 by raising $125 million in Series C funding from both new and existing investors, at a $1.125 billion valuation.
Originally focused on automating security workflows, the Irish firm has expanded into other areas of technology, including infrastructure, engineering, and product management. After its Series C, Tines reported it was executing over a billion automated processes for its clients each week.
January 2025
Verdiva Bio
Just under a year after its founding, London-based biotech Verdiva Bio announced a $410 million Series A in January 2025 as its debut funding round, immediately placing the company in unicorn territory. Its offerings include an oral GLP-1 medication similar to Ozempic and Wegovy.
Neko Health
Neko Health, co-founded by Spotify’s Daniel Ek, raised $260 million in Series B funding at a $1.8 billion valuation in January 2025. The round was led by Lightspeed Venture Partners and included General Catalyst, O.G. Venture Partners, Rosello, Lakestar, and Atomico.
This Swedish health tech offers comprehensive body scans designed to support proactive health management and early detection. CEO and co-founder Hjalmar Nilsonne said the funds will help expand Neko’s presence from Stockholm and London to the U.S., as well as boost research and development efforts.
