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EMEA

Continent / region · Pop. 743.9M · #5 region by EV

A public taster of the full EMEA ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

68,453 Pool of Funded Startups
New Startups
26,449 Annual Startups FoundedAll new ventures
7,854 Annual Startups FundedReceived investment
get funded 30%
58,585Startups
26,168 Pre-Seed Startups$100K–1M
19,471 Seed Startups$1–4M
Pre-Seed to Seed 23%
12,946 Series A Startups$4–15M
Seed to Series A 25%
8,093Breakouts
5,424 Series B Breakouts$15–40M
A to Series B 31%
2,669 Series C Breakouts$40–100M
B to Series C 34%
1,775Scaleups
1,174 Mega Scaleups$100–250M
reach Mega 1.7%
601 Mega+ Scaleups$250M+
reach Mega+ 0.88%
919Valuation Outcomes
856 Unicorns($1–10B valuation)
reach Unicorn 1.3%
60 Decacorns($10–100B valuation)
reach Decacorn 0.088%
3 Centicorns($100B–1T valuation)
reach Centicorn 0.004%
856 Unicorns$1–10B valuation · largest shown
60 Decacorns$10–100B valuation · largest shown
3 Centicorns$100B+ valuation
Pre-Seed
26.2K
Seed
19.5K
Series A
12.9K
Series B
5,424
Series C
2,669
Unicorn
856
Decacorn
60

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

856 Unicorns$1–10B valuation · largest shown
60 Decacorns$10–100B valuation · largest shown
3 Centicorns$100B+ valuation

01 Quarterly report

EMEA's latest quarter in venture capital

VC raised by companies in EMEA in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

 

Loading VC raised by companies in EMEA…

02 VC investment

How much venture capital flows into EMEA

VC investment into EMEA-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

03 Top hubs

Top 20 startup hubs in EMEA

EMEA’s leading ecosystems — switch between metro areas (HQ regions) and countries, and rank by VC funding, newly minted unicorns, all-time unicorn and thoroughbred counts, combined enterprise value or EV growth. VC funding, new unicorns and EV growth all follow the period slider (EV growth re-windows an annual 2015–2025 EV series) plus the round-size bands.

04 Outcomes over time

How EMEA compounds: unicorns and enterprise value

Cumulative unicorns & $1B+ exits, decacorns ($10B+), or combined ecosystem enterprise value — all VC-backed companies founded since 1990, the same lens as the hubs ranking — stacked by country or metro since 2015.

05 Share of the world

How much of the world is EMEA

Unicorns and decacorns minted in the last ten years, companies at $100M+ revenue, and VC raised in startup, breakout and scaleup rounds — each as a share of the global total. The by-year view shows the same shares per calendar year.

06 EV constellation

EMEA’s unicorns & thoroughbreds, sized by value

One bubble per company — area is current enterprise value, grouped by country or metro (HQ region). Counts unicorns & thoroughbreds only; ARM, Booking.com, Spotify and Revolut anchor the map. Switch Counting to “All VC-backed since 1990” to roll each cluster’s remaining VC-backed startups into the totals (ecosystem-EV lens).

07 Largest rounds

Largest funding rounds in EMEA

A live treemap of the largest VC rounds. Each cell is one round into EMEA-headquartered companies, filterable by round size and grouped by Dealroom sector.

Largest rounds in EMEA - 2026

Every $100M+ VC round into EMEA-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

08 Europe–US funnel

From startups to trillion-dollar companies

Founded since 1990 · company counts and shares of the $100K-funded population

Europe’s 4 centicorns

  • Spotify
  • Arm
  • Booking.com
  • Revolut

Capital raised

  1. Startups$100K+ raised

    Europe incl. UK and Switzerland: 54,771100%
    United States: 79,434100%

  2. Breakouts$15M+ raised

    Europe incl. UK and Switzerland: 7,30613.3%
    United States: 21,84027.5%

  3. Scaleups$100M+ raised

    Europe incl. UK and Switzerland: 1,2332.3%
    United States: 5,1176.4%

Company value

  1. Unicorns$1B+ value

    Europe incl. UK and Switzerland: 7331.3%
    United States: 2,4113.0%

  2. Decacorns$10B+ value

    Europe incl. UK and Switzerland: 560.10%
    United States: 2790.35%

  3. Centicorns$100B+ value

    Europe incl. UK and Switzerland: 40.007%
    United States: 310.039%

  4. Gigacorns$1T+ value

    Europe incl. UK and Switzerland: 00%
    United States: 90.011%

The 9 US gigacorns

  • Nvidia
  • Alphabet
  • Amazon
  • Broadcom
  • SpaceX
  • Meta
  • Tesla
  • OpenAI
  • Anthropic
Dealroom · Aug 2026 · OpenAI and Anthropic counted as gigacorns (Oct 2026)Dealroom

Funding groups overlap. Valuation is a separate measure. Bars compare counts within each stage.

Source & definitions

The funding groups overlap; valuations are a separate outcome. Snapshot shares are not lifetime conversion probabilities.

The original analysis counts companies founded since 1990, excluding closed companies, by current headquarters, excluding companies tagged mature or outside tech. Europe includes the UK and Switzerland. Funding thresholds use total capital raised; valuation thresholds use the latest valuation, including public market capitalisation.

The four European centicorns in that snapshot are Revolut, Booking.com, ARM and Spotify. Spotify uses its approximately $105B market capitalisation in August 2026 rather than the platform valuation mark. These are dated counts, not live market values. Apple and Microsoft predate the founding cutoff.

09 Unicorns by capital raised

Share valued at $1B+ and $10B+, by capital raised

Europe and the US, by founding or HQ location

Between $100M and $1B raised, a smaller share of European companies is valued at $1B+ than of US companies that raised the same amount: 19% against 23% at $150–250M and 58% against 66% at $350–500M. Far more US companies reach those bands: 5,085 have raised $100M or more, against 1,372 in Europe.

Of the 18 European companies that raised $2B or more, 7 are valued at $10B+ (39%), against 51 of 85 in the US (60%).

Data & methodology

Companies founded in 1990 or later, excluding closed companies, Mature growth stage 412 and Outside Tech (taxonomy 1102801). A company counts for a region if it was founded there or has its headquarters there. A company founded in Europe that moved its headquarters to the US counts in both. Europe includes the UK and Switzerland. Each company sits in one band, by recorded total funding. The share is the number of companies in the band with a latest valuation of at least $1B, or $10B in the switched view, divided by all companies in the band. Retrieved 11 Oct 2026.

The valuation is the latest one. A company once valued above $1B and now below it does not count; Northvolt and WeWork are examples. Companies valued at $1B+ with less than $100K of recorded funding are outside the chart. Undisclosed valuations are Dealroom estimates derived from round sizes, so the amount raised and the valuation are not independent.

The top band is $2B+ because Europe has only 18 companies there. The $10B+ view uses 7 wider bands, because Europe has between 1 and 9 companies valued at $10B+ in each of the 11 narrower ones.

Valued at $1B+ or $10B+ / companies in the band
Total capital raisedEurope $1B+Europe $10B+US $1B+US $10B+
$100K–15M34 / 47,430 (0.07%)2 / 47,430 (0.00%)82 / 58,027 (0.14%)11 / 58,027 (0.02%)
$15–50M41 / 4,875 (0.84%)3 / 4,875 (0.06%)147 / 12,185 (1.2%)27 / 12,185 (0.22%)
$50–100M52 / 1,418 (3.7%)6 / 1,418 (0.42%)163 / 4,508 (3.6%)17 / 4,508 (0.38%)
$100–150M41 / 516 (7.9%)2 / 516 (0.39%)179 / 1,857 (9.6%)11 / 1,857 (0.59%)
$150–250M75 / 402 (19%)1 / 402 (0.25%)348 / 1,499 (23%)20 / 1,499 (1.3%)
$250–350M74 / 157 (47%)3 / 157 (1.9%)316 / 637 (50%)8 / 637 (1.3%)
$350–500M64 / 111 (58%)4 / 111 (3.6%)288 / 438 (66%)21 / 438 (4.8%)
$500–750M63 / 84 (75%)2 / 84 (2.4%)218 / 283 (77%)16 / 283 (5.7%)
$750M–1B30 / 39 (77%)3 / 39 (7.7%)106 / 133 (80%)20 / 133 (15%)
$1–2B38 / 45 (84%)9 / 45 (20%)125 / 153 (82%)36 / 153 (24%)
$2B+16 / 18 (89%)7 / 18 (39%)78 / 85 (92%)51 / 85 (60%)

10 Academia

EMEA’s academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to EMEA.

University ranking By alumni-founded unicorns & companies
# University City Unicorns Companies
1 🇬🇧University of Cambridge Cambridge 140 6,297
2 🇮🇱Tel Aviv University Tel Aviv 130 3,943
3 🇮🇱Technion – Israel Institute of Technology Haifa 120 2,323
4 🇫🇷INSEAD Fontainebleau 95 5,677
5 🇬🇧University of Oxford Oxford 95 5,371
6 🇬🇧Imperial College London London 76 3,472
7 🇮🇱Hebrew University of Jerusalem Jerusalem 60 1,889
8 🇫🇷École Polytechnique Palaiseau 60 1,571
Unlock the full university ranking for EMEA on Dealroom

11 Super clusters

Europe’s unicorns and thoroughbreds sit in five zones

Forty countries, five zones. New Palo Alto — Glasgow and Edinburgh down through Oxford, Cambridge and London to Paris, Amsterdam and Aachen — holds 42% of Europe's 1,000+ unicorns and thoroughbreds, each counted once. DACH holds 20%, with the Alpine cluster overlapping it at 11%; the Nordics 13%, Central and Eastern Europe 4%, and the Porto–Lisbon–Madrid–Barcelona corridor 3%. Each zone is drawn around its own hubs, so every count is what its shape contains. The zones are the Lakestar × Dealroom Deep Tech report's; the count is the page's. Click a zone to zoom in; New Palo Alto opens its hub map. Read the New Palo Alto guide.

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