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GP Bullhound: UK tops ranking for European tech unicorns

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The UK is the European country home to most tech unicorns, having added four billion dollar businesses in the past 12 months.

According to GP Bullhound’s ‘Titans of Tech: Europe’s Flagship Companies’ report, the UK technology industry now boasts 22 billion dollar firms, cumulatively valued at $49.9bn.

In fact, the research shows that the UK, Germany and Sweden remain Europe’s leading hubs for scaling digital businesses, with 36 companies valued at $1bn or more.

However, 10 other countries are now home to billion-dollar businesses. Germany, in particular, has demonstrated strong growth in recent years.

As well as being home to Zalando – one of Europe’s three $10bn firms – Germany has added six billion-dollar companies since 2014. Sweden is tied with Germany as the country with the second highest number of billion-dollar tech companies (7). Israel follows with five and France and Russia are close behind with three each....

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