Viva Expertise has unveiled Europe’s "High 100 Subsequent Unicorns," its annual record of probably the most promising scale-ups with the potential to be price $1 billion (€900 million) or extra within the close to future.
The organisers of France’s greatest tech convention have sturdy aptitude and affect within the sector, as greater than 40 per cent of the businesses, they've nominated since 2019 have since develop into unicorns.
The 2022 record, compiled in partnership with tech funding agency GP Bullhound, spans 12 European international locations in addition to the UK and Israel.
The three areas with probably the most potential unicorns are the UK, with 24 scale-ups shortlisted, adopted by France and Germany with 17 scale-ups every.
Up to now, the businesses have raised on common €112 million every, for a complete of greater than €10 billion.
The three sectors with probably the most potential unicorns are enterprise software-as-service (SaaS), digital media, and e-commerce.
‘Spectacular 12 months for European tech’
The important thing standards to make it onto the record are development, velocity and development potential, funds raised, development in worker numbers, geographical distribution, and the power to have a optimistic influence on society.
Greater than 40 per cent of firms listed this 12 months have a “for good” enterprise mannequin.
"As soon as once more, this 12 months’s Top100 scale-ups record demonstrates the extraordinary potential of European know-how," stated Julie Ranty, Managing Director of Viva Expertise.
She added that it was changing into an increasing number of difficult annually to pick simply 100 potential unicorns "given the exponential trajectory" of European start-ups over the previous 12 months.
"In 2021 alone, the worth of Europe’s tech unicorns has nearly doubled, pushed by the lively public market panorama and an growing variety of mega funding rounds," stated Manish Madhvani, Managing Companion at GP Bullhound.
"We will be actually happy with the ecosystem we now have constructed, and the power and calibre of this 12 months’s High 100 record demonstrates that that is solely the start of one other spectacular 12 months for European tech".
Essentially the most promising scale-ups in varied classes shall be awarded the Subsequent Unicorn Awards 2022 at VivaTech in Paris in June.
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