Europe has become a center of innovation in the last decade and boasts well-funded technology startups, including unicorns like Swedish Northvolt and German Celonis. The tech boom is spreading across the continent, and startups based in Europe are no longer confined to major cities like Berlin, Stockholm, and London; quality innovations and tech companies are increasingly emerging far beyond established tech hubs.
Since 2015, over $200 billion has been invested in European startups, including investments in leading tech unicorns like Bolt in Estonia and Glovo in Spain.
Using data from CB Insights, we identified the best and most funded tech startups in each country in Europe.
The best-funded startup in Europe is the British broadband satellite company OneWeb, with $5.2 billion in equity. The top three best-funded startups in the region are rounded out by Swedish Northvolt ($4 billion), which produces sustainable batteries, and Turkish e-commerce Trendyol ($1.5 billion).
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Fourteen of the 38 companies shown in the infographic are unicorns valued at over $1 billion, and the five most valued European unicorns are Celonis ($11 billion, Germany), Northvolt ($9.1 billion, Sweden), Mollie ($6.5 billion, Netherlands), Bolt ($4.8 billion, Estonia), and Vinted ($4.5 billion, Lithuania). Six countries – the United Kingdom, Sweden, Turkey, Germany, Estonia, and Spain have tech startups that have raised over $1 billion in capital.
The least funded startup on this map is FRVR based in Malta, which has raised $5.6 million.
On this prestigious map, the Croatian Gideon Brothers has also made an appearance, having raised $36.66 million in capital according to CB Insights.
Among neighboring countries, Serbia can boast the crypto startup Tenderly, which has raised $21.9 million, while Bosnia and Herzegovina has not made it onto the European tech startup map.
