Europe Reaches 12 Unicorn Startups Across AI, Biotech, Renewable Energy

In the first half of 2025, Europe saw 12 startups reach unicorn status with valuations exceeding $1 billion, signaling a robust funding environment despite fewer mega-rounds compared to previous years. Key sectors attracting investment include artificial intelligence, biotechnology, defense technology, renewable energy, and drone technology. Notable unicorns include Sweden's Lovable, an AI coding startup valued at $1.8 billion, UK-based Fuse Energy in renewable energy, and Germany's Isar Aerospace in space technology. Other prominent companies achieving unicorn status are Zama, focused on homomorphic encryption, film-streaming platform Mubi, and drone firms Tekever and Quantum Systems. The geographic spread of these startups spans multiple European hubs such as London, Stockholm, Munich, Dublin, and Bristol, highlighting the continent's growing and diverse tech ecosystem. This trend suggests continued investor confidence in Europe's innovative sectors for the remainder of 2025.