Investment season is set to restart in Europe after the summer season lull, and if all is going smartly, it’s going to be counting new unicorns in dozens — plural. Whilst mega-rounds are much less not unusual than they had been in 2021, this hasn’t avoided 12 Eu startups from elevating rounds at valuations of greater than $1 billion all the way through the primary part of 2025.
As the standard caveat is going, previous efficiency isn’t indicative of long run effects, however this bodes smartly for the remainder of the yr. Both method, this could also be a excellent indication of the sectors which are scorching amongst traders, from biotech and protection tech to AI, AI, and AI.
Listed here are the brand new Eu unicorns of 2025:
September 2025
IQM
IQM, a Finnish startup that develops quantum computer systems and a cloud platform that faucets this {hardware}, changed into a unicorn after elevating greater than $300 million in a Collection B investment spherical. The corporate has raised a complete of $600 million thus far.
“We are actually the corporate that has offered probably the most quantum computer systems globally, in all primary continents,” its CEO Jan Goetz informed TechCrunch. IQM’s 54-qubit chips are already in use at computing facilities, analysis labs, universities, and enterprises, and the corporate is on the brink of deploy its first 150-qubit methods.
Framer
No-code web site builder Framer reached a $2 billion valuation after touchdown a $100 million Collection D investment spherical that used to be led by way of current traders Meritech and Atomico. The corporate will use the contemporary money to double down on its undertaking technique and AI.
Competing with the likes of Figma, Squarespace, Wix, and vibe coding platforms, Framer has a robust focal point on design. Its co-founders, Koen Bok and Jorn van Dijk, had prior to now offered a design studio to Fb in 2011.
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July 2025
Cute
Rapid-growing Swedish AI vibe coding startup Cute changed into a unicorn in file time. In July, most effective 8 months after its release, it raised a $200 million Collection A led by way of Accel at a $1.8 billion valuation. One word: Cute Labs Inc. is registered in Delaware, however lots of the startup’s group contributors and open roles are founded in Stockholm.
Fuse Power
Fuse Power, a British renewable power corporate based in 2022 by way of 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 by way of 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 protected.
Isar Aerospace
German house startup Isar Aerospace changed into a unicorn in June after attaining 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.
Would possibly 2025
Tekever
Tekever, a dual-use drone startup out of Portugal, raised a investment spherical in Would possibly that it mentioned showed its greater than £1 billion valuation, which hadn’t been prior to now introduced.
It’s subsidized by way of Ventura Capital, Baillie Gifford, the NATO Innovation Fund (NIF), Iberis Capital, and Crescent Cove, and is about to fund the corporate’s plans to speculate £400 million right into a U.Okay. building plan spanning 5 years.
Quantum Techniques
German dual-use startup Quantum Techniques changed into a unicorn in Would possibly 2025, in line with PitchBook, upon elevating a €160 million Collection C (roughly $172 million) to boost up its world enlargement, scale manufacturing, and advance its self sufficient drone methods, instrument, and AI.
The spherical used to be led by way of Balderton Capital, with participation from Hensoldt, Airbus Protection and Area, Bullhound Capital, LP&E AG, and current traders, together with HV Capital, Mission 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 Would possibly 2025, lower than a yr after its $66 million Collection B and two years after its $21 million Collection A. The Collection C used to be led by way of Sturdy Capital Companions, Altimeter Capital, and Basic 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 by way of Thrive Capital, with participation from GV and Alphabet. The valuation wasn’t disclosed, however the spherical dimension firmly puts the British derivative inside of unicorn territory.
February 2025
Tines
Dublin-based Tines, a startup keen on AI-powered workflows, changed into a unicorn in February 2025 after elevating a $125 million Collection C from new and current 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 packages in infrastructure, engineering, and product. Upon elevating its Collection C, the corporate mentioned it used to be now appearing over a thousand million automatic movements on behalf of its shoppers each and every week.
January 2025
Verdiva Bio
Not up to twelve months after its release, London-based biotech Verdiva Bio raised a large $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 contains 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 by way of Spotify’s Daniel Ek, raised a $260 million Collection B at a $1.8 billion valuation in January 2025. The spherical used to be led by way of Lightspeed Challenge Companions, with participation from Basic Catalyst, O.G. Challenge Companions, Rosello, Lakestar, and Atomico.
The Swedish corporate provides full-body scans, with the purpose 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 enlargement of places past Stockholm and London to incorporate the U.S., in addition to investments in R&D.
