More than 10 European startups became unicorns this year

Funding season is about to restart in Europe after the summer lull, and if all goes well, it will be counting new unicorns in dozens — plural. While mega-rounds are less common than they were in 2021, this hasn’t prevented 12 European startups from raising rounds at valuations of more than $1 billion during the first half of 2025.

As the usual caveat goes, past performance is not indicative of future results, but this bodes well for the rest of the year. Either way, this is also a good indication of the sectors that are hot among investors,…