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UK home to most future unicorns in Europe, report finds

UK future unicorns
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The UK is home to the highest proportion of future unicorns – private companies valued at $1bn or more – in Europe, according to a report published by a Swedish venture capital firm Creandum.

The report shows how Europe has grown to become a “global tech challenger”, with its share of global VC funding rising from 5% in 2003 to 16% in 2023.

The UK has long been the leading player in European tech, attracting the most investment, producing the most unicorns and reaching the highest combined value.

According to Creandum’s report, which is based on Dealroom data, the UK is home to 34% of Europe’s future unicorns, also known as ‘futurecorns’.

It is followed by the rest of Europe at 22% and France at 16%, while Germany accounts for 15% of companies considered to hit a $1bn valuation in the near future....