Investment season is ready to restart in Europe after the summer time lull, and if all is going neatly, it’s going to be counting new unicorns in dozens — plural. Whilst mega-rounds are much less commonplace than they have been in 2021, this hasn’t averted 12 Eu startups from elevating rounds at valuations of greater than $1 billion throughout the primary part of 2025.
As the standard caveat is going, previous efficiency isn’t indicative of long run effects, however this bodes neatly for the remainder of the 12 months. Both manner, this may be a excellent indication of the sectors which might be sizzling amongst traders, from biotech and protection tech to AI, AI, and AI.
Listed here are the brand new Eu unicorns of 2025:
July 2025
Lovely
Rapid-growing Swedish AI vibe coding startup Lovely become a unicorn in document time. In July, handiest 8 months after its release, it raised a $200 million Collection A led through Accel at a $1.8 billion valuation. One notice: Lovely Labs Inc. is registered in Delaware, however many of the startup’s group participants and open roles are founded in Stockholm.
Fuse Power
Fuse Power, a British renewable power corporate based in 2022 through two former Revolut executives, raised a investment spherical this is idea to have valued the corporate at greater than $1 billion, The Occasions reported in July.
June 2025
Mubi
Movie-streaming carrier Mubi raised a $100 million spherical led through Sequoia Capital in June, valuing the corporate at $1 billion and making it a unicorn. Based in 2007 as a curated platform, this indie Netflix rival now additionally produces and distributes films.
Zama
French startup Zama raised a $57 million Collection B that introduced its valuation to north of $1 billion. The corporate develops homomorphic encryption, a method that makes use of cryptographic algorithms to stay knowledge safe.
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Isar Aerospace
German area startup Isar Aerospace become a unicorn in June after achieving an settlement with Eldridge Industries for a convertible bond of €150 million (roughly $173 million). The release corporate spun off from the Technical College of Munich (TUM), which now claims 22 unicorns.
Might 2025
Tekever
Tekever, a dual-use drone startup out of Portugal, raised a investment spherical in Might that it mentioned showed its greater than £1 billion valuation, which hadn’t been up to now introduced.
It’s subsidized through Ventura Capital, Baillie Gifford, the NATO Innovation Fund (NIF), Iberis Capital, and Crescent Cove, and is ready to fund the corporate’s plans to speculate £400 million right into a U.Okay. construction plan spanning over 5 years.
Quantum Programs
German dual-use startup Quantum Programs become a unicorn in Might 2025, consistent with PitchBook, upon elevating a €160M Collection C (roughly $172 million) to boost up its world growth, scale manufacturing, and advance its independent drone programs, instrument, and AI.
The spherical was once led through Balderton Capital, with participation from Hensoldt, Airbus Protection and House, Bullhound Capital, LP&E AG and present traders, together with HV Capital, Venture A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, and Perception.
Parloa
Parloa, a German startup providing a conversational AI platform for customer support, secured $120 million in Collection C investment at a valuation of $1 billion in Might 2025, lower than a 12 months after its $66 million Collection B and two years after its $21 million Collection A. The Collection C was once led through Sturdy Capital Companions, Altimeter Capital, and Common Catalyst.
March 2025
Isomorphic Labs
Isomorphic Labs, a London-based AI drug-discovery platform that spun out of Google’s DeepMind in 2021, raised exterior capital for the primary time in March 2025 with a $600 million spherical led through Thrive Capital, with participation from GV and Alphabet. The valuation wasn’t disclosed, however the spherical measurement firmly puts the British derivative inside unicorn territory.
February 2025
Tines
Dublin-based Tines, a startup interested by AI-powered workflows, become a unicorn in February 2025 after elevating a $125 million Collection C from new and present traders at a valuation of $1.125 billion.
The Irish startup began out in safety workflow automation, however has noticed adoption throughout different portions of the tech stack, with programs in infrastructure, engineering, and product. Upon elevating its Collection C, the corporate mentioned it was once now appearing over one thousand million computerized movements on behalf of its consumers each and every week.
January 2025
Verdiva Bio
Not up to 365 days after its release, London-based biotech Verdiva Bio raised an enormous $410 million Collection A in January 2025 as its first introduced spherical of investment. This right away made a unicorn out of the corporate, whose pipeline comprises an oral-based GLP-1 drug very similar to Ozempic and Wegovy.
Neko Well being
Neko Well being, the preventative well being startup co-founded through Spotify’s Daniel Ek, raised a $260 million Collection B at a $1.8 billion valuation in January 2025. The spherical was once led through Lightspeed Project Companions, with participation from Common Catalyst, O.G. Project Companions, Rosello, Lakestar, and Atomico.
The Swedish corporate gives full-body scans, with the function of serving to other people keep wholesome thru early detection. In keeping with its CEO and co-founder Hjalmar Nilsonne, the investment will boost up Neko’s world growth of places past Stockholm and London to incorporate the U.S., in addition to investments in R&D.
