Unicorns are the startups that reach a high valuation of $1 billion and above. Attaining this coveted status will position any company in a competitive business landscape. As per reports, there are over 400 unicorns in the world with most of them distributed across the United States and China. Following them, Europe has a slew of unicorns with the UK and Germany leading the race.
Potential European tech unicorns
In 2019, Europe was said to have 12% of the overall unicorns in the world and the same was 11% in the year 2018. Mostly, the unicorns are circulated across businesses such as internet software, fintech, and e-commerce. Now, CB Insights, a New York-based private market intelligence firm has listed the potential 50 unicorns in the world wherein seven new companies are fall under the soon-to-be-unicorns umbrella in Europe. Here, we at Silicon Canals showcase these potential European unicorns.