More Than 10 European Startups Reached Unicorn Status This Year

The funding climate in Europe is set for a revival after the summer, which could result in a wave of new unicorns — indeed, several. Although mega-rounds have become less common since 2021, the first half of 2025 has already seen 12 European startups draw funding at valuations surpassing $1 billion.

While past performance is not always indicative of future outcomes, this trend offers an optimistic perspective for the rest of the year. Moreover, it underscores the sectors gaining traction among investors, particularly in biotech, defense technology, and, as expected, AI.

Here are the most recent European unicorns of 2025:

July 2025

Lovable

Swedish AI company Lovable achieved unicorn status swiftly. In July, just eight months after its launch, it secured $200 million in Series A funding led by Accel, reaching a valuation of $1.8 billion. Although Lovable Labs Inc. is registered in Delaware, most of its employees and job openings are located in Stockholm.

Fuse Energy

British renewable energy startup Fuse Energy, founded in 2022 by two former Revolut executives, reportedly completed a funding round this July, valuing the company at over $1 billion, according to The Times.

June 2025

Mubi

The film streaming platform Mubi raised $100 million in June, led by Sequoia Capital, which boosted its valuation to $1 billion, marking its evolution into unicorn status. Originally launched in 2007 as a curated platform, it has transitioned towards film production and distribution.

Zama

French firm Zama received $57 million in Series B funding, raising its valuation above $1 billion. The company is known for its expertise in homomorphic encryption, utilizing cryptographic techniques to protect data.

Isar Aerospace

German space startup Isar Aerospace reached unicorn status in June after securing a €150 million (around $173 million) convertible bond from Eldridge Industries. Originating from the Technical University of Munich (TUM), the company has now produced 22 unicorns.

May 2025

Tekever

Portuguese drone firm Tekever announced a funding round in May that confirmed its valuation at over £1 billion, a figure that had not been publicly shared before.

Backed by Ventura Capital, Baillie Gifford, the NATO Innovation Fund (NIF), Iberis Capital, and Crescent Cove, the funds will fuel a £400 million investment initiative directed at U.K. development over the next five years.

Quantum Systems

German dual-use startup Quantum Systems achieved unicorn status in May 2025 after raising €160 million in Series C funding (approximately $172 million) to advance global expansion, production capabilities, and autonomous drone technology, software, and AI.

The funding round was spearheaded by Balderton Capital, with additional participation from Hensoldt, Airbus Defense and Space, Bullhound Capital, LP&E AG, and existing investors such as HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, and Notion.

Parloa

German startup Parloa, which specializes in conversational AI solutions for customer support, raised $120 million in Series C funding, achieving a $1 billion valuation in May 2025, nearly a year after its previous $66 million Series B and two years after securing $21 million in Series A. The Series C round was led by Durable Capital Partners, Altimeter Capital, and General Catalyst.

March 2025

Isomorphic Labs

Isomorphic Labs, an AI-driven drug discovery platform based in London and spun out from Google’s DeepMind in 2021, raised external funding for the first time in March 2025, securing $600 million in a round led by Thrive Capital, with participation from GV and Alphabet. While its valuation remains undisclosed, the size of the round firmly positions the British spinoff in unicorn territory.

February 2025

Tines

Dublin-based Tines, focused on AI-driven workflows, achieved unicorn status in February 2025 after raising $125 million in Series C funding from both new and existing investors, reaching a valuation of $1.125 billion.

Initially aimed at automating security workflows, the Irish startup has broadened its applications across various tech sectors, including infrastructure, engineering, and product management. After Series C, the company reported executing over a billion automated actions weekly for its clientele.

January 2025

Verdiva Bio

Just under a year after its founding, London-based biotech Verdiva Bio secured an impressive $410 million in Series A funding in January 2025, marking its first major funding round and achieving unicorn status. The company’s pipeline includes an oral GLP-1 drug similar to Ozempic and Wegovy.

Neko Health

Co-founded by Spotify’s Daniel Ek, preventative health startup Neko Health raised $260 million in Series B funding, hitting a valuation of $1.8 billion in January 2025. This round was led by Lightspeed Venture Partners, with additional backing from General Catalyst, O.G. Venture Partners, Rosello, Lakestar, and Atomico.

Neko Health provides comprehensive body scans aimed at enhancing health through early detection. According to CEO and co-founder Hjalmar Nilsonne, this funding will support the company’s international expansion beyond Stockholm and London, as well as increased investment in research and development.