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More than 10 European startups became unicorns this year
In 2025, at least 12 European startups achieved unicorn status (valuations over $1 billion) in the first half. Notable examples include Lovable, Fuse Energy, and Isar Aerospace. This surge in unicorns signals promising investment trends in sectors like AI, biotech, and renewable energy, even as mega-rounds decline compared to peak years.
Key points
- 12 European startups became unicorns in H1 2025, raising funds exceeding $1 billion.
- Lovable achieved a valuation of $1.8 billion within 8 months of its launch by raising $200 million in July.
- Fuse Energy, a renewable energy startup, also crossed the $1 billion valuation mark through recent funding.
- Mubi, a film-streaming service, raised $100 million to achieve unicorn status in June 2025.
- Isar Aerospace became a unicorn after securing €150 million for a convertible bond in June 2025.
Why it matters
- The rise in European unicorns aligns with global tech trends focusing on AI and renewable energy sectors.
- The number of unicorns indicates a potential investment resurgence after a dip in private funding.
The emergence of 12 unicorns in Europe in 2025 reflects a strong recovery and investor interest in high-growth sectors, particularly AI and renewable technologies, despite a broader decline in mega-rounds.