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UK startups reared 38% of European unicorn value in 2021

uk unicorn value

UK tech companies made up 38% of the combined valuation of European unicorns in 2021 – the highest percentage across the continent.

That’s according to a report from financial advisory firm i5invest, which showed that the growth rate for European tech unicorns rose to more than twice its US counterpart last year.

The US is home to many of the world’s largest tech companies, creating 340 new unicorns last year compared to the UK’s 116.

However, the latest report shows that Europe’s combined unicorn growth rate reached 400% in 2021, compared to a rate of 124% in the US.

The report also showed that within European tech, the UK was by far the largest contributor to the total valuation of European tech unicorns, with 41 new British firms reaching a value of more than $1bn in 2021....