Funding season is about to restart in Europe after the summer season lull, and if all goes properly, will probably be counting new unicorns in dozens — plural. Whereas mega-rounds are much less frequent than they had been in 2021, this hasn’t prevented 12 European startups from elevating rounds at valuations of greater than $1 billion in the course of the first half of 2025.
As the standard caveat goes, previous efficiency shouldn’t be indicative of future outcomes, however this bodes properly for the remainder of the yr. Both means, that is additionally an excellent indication of the sectors which are scorching amongst buyers, from biotech and protection tech to AI, AI, and AI.
Listed here are the brand new European unicorns of 2025:
September 2025
IQM
IQM, a Finnish startup that develops quantum computer systems and a cloud platform that faucets this {hardware}, turned a unicorn after elevating greater than $300 million in a Sequence B funding spherical. The corporate has raised a complete of $600 million to date.
“We at the moment are the corporate that has bought probably the most quantum computer systems globally, in all main 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 techniques.
Framer
No-code web site builder Framer reached a $2 billion valuation after touchdown a $100 million Sequence D funding spherical that was led by present buyers Meritech and Atomico. The corporate will use the contemporary money to double down on its enterprise technique and AI.
Competing with the likes of Figma, Squarespace, Wix, and vibe coding platforms, Framer has a powerful concentrate on design. Its co-founders, Koen Bok and Jorn van Dijk, had beforehand bought a design studio to Fb in 2011.
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July 2025
Lovable
Quick-growing Swedish AI vibe coding startup Lovable turned a unicorn in report time. In July, solely eight months after its launch, it raised a $200 million Sequence A led by Accel at a $1.8 billion valuation. One observe: Lovable Labs Inc. is registered in Delaware, however many of the startup’s crew members and open roles are based mostly in Stockholm.
Fuse Power
Fuse Power, a British renewable vitality firm based in 2022 by two former Revolut executives, raised a funding spherical that’s thought to have valued the corporate at greater than $1 billion, The Occasions reported in July.
June 2025
Mubi
Movie-streaming service Mubi raised a $100 million spherical led by 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 motion pictures.
Zama
French startup Zama raised a $57 million Sequence B that introduced its valuation to north of $1 billion. The corporate develops homomorphic encryption, a method that makes use of cryptographic algorithms to maintain information safe.
Isar Aerospace
German area startup Isar Aerospace turned a unicorn in June after reaching an settlement with Eldridge Industries for a convertible bond of €150 million (roughly $173 million). The launch firm spun off from the Technical College of Munich (TUM), which now claims 22 unicorns.
Could 2025
Tekever
Tekever, a dual-use drone startup out of Portugal, raised a funding spherical in Could that it mentioned confirmed its greater than £1 billion valuation, which hadn’t been beforehand introduced.
It’s backed by 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.Ok. growth plan spanning 5 years.
Quantum Techniques
German dual-use startup Quantum Techniques turned a unicorn in Could 2025, in response to PitchBook, upon elevating a €160 million Sequence C (roughly $172 million) to speed up its world enlargement, scale manufacturing, and advance its autonomous drone techniques, software program, and AI.
The spherical was led by Balderton Capital, with participation from Hensoldt, Airbus Protection and House, Bullhound Capital, LP&E AG, and present buyers, together with HV Capital, Undertaking A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, and Notion.
Parloa
Parloa, a German startup providing a conversational AI platform for customer support, secured $120 million in Sequence C funding at a valuation of $1 billion in Could 2025, lower than a yr after its $66 million Sequence B and two years after its $21 million Sequence A. The Sequence C was led by 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 by Thrive Capital, with participation from GV and Alphabet. The valuation wasn’t disclosed, however the spherical dimension firmly locations the British spinoff inside unicorn territory.
February 2025
Tines
Dublin-based Tines, a startup centered on AI-powered workflows, turned a unicorn in February 2025 after elevating a $125 million Sequence C from new and present buyers at a valuation of $1.125 billion.
The Irish startup began out in safety workflow automation, however has seen adoption throughout different components of the tech stack, with purposes in infrastructure, engineering, and product. Upon elevating its Sequence C, the corporate mentioned it was now performing over a billion automated actions on behalf of its prospects each week.
January 2025
Verdiva Bio
Lower than one yr after its launch, London-based biotech Verdiva Bio raised an enormous $410 million Sequence A in January 2025 as its first introduced spherical of funding. This immediately made a unicorn out of the corporate, whose pipeline consists of an oral-based GLP-1 drug just like Ozempic and Wegovy.
Neko Well being
Neko Well being, the preventative well being startup co-founded by Spotify’s Daniel Ek, raised a $260 million Sequence B at a $1.8 billion valuation in January 2025. The spherical was led by Lightspeed Enterprise Companions, with participation from Common Catalyst, O.G. Enterprise Companions, Rosello, Lakestar, and Atomico.
The Swedish firm gives full-body scans, with the purpose of serving to individuals keep wholesome via early detection. In accordance with its CEO and co-founder Hjalmar Nilsonne, the funding will speed up Neko’s world enlargement of places past Stockholm and London to incorporate the U.S., in addition to investments in R&D.
