5 Largest Unicorns in Europe

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There is more than one “corn“!

Even though China and US remain to be accelerating most unicorn companies around the globe, you would be surprised to see how fast Europe is catching up. Before diving into the 5 largest European unicorns, first things first - we must renew our unicorn vocabulary. With the new funding dynamics and types of companies appearing on the market today, we’ve officially entered the age of decacorns and hectocorns.

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As of August 2018, there are more than 270 unicorns (and other “corns”) around the world. And Europe’s tech scene is hotter than ever with over 30 unicorn startups on the market!

Largest venture capital-backed unicorn companies in Europe in 2018, by market value (in billion euros):


Let’s take a look at the top 5 largest unicorns in Europe in 2018:

 
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Spotify

Digital music service that gives you access to millions of songs.

Headquarters: Luxembourg City

Founded: 2006

Employees: 3000+


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Adyen

Global payment company that allows businesses to accept e-commerce, mobile, and point-of-sale payments.

Headquarters: Netherlands

Founded: 2006

Employees: 880


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Farfetch

Online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world.

Headquarters: England

Founded: 2007

Employees: 2000


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Auto1 Group

Europe's leading car trading platform.

Headquarters: Germany

Founded: 2012

Employees: 3500+



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Telegram

Cloud-based instant messaging and voice over IP service.

Headquarters: Germany (initially)

Founded: 2013


Despite the industry variety of aforementioned unicorns, they all have one thing in common - being digital, being tech and being innovative. It’s all about disruption - the old processes efficiently transformed into the upgraded digital platforms, systems and offerings. This is the world today, wherein Unicorns, Decacorns and Hectocorns almost always go with the suffix “tech”.

Find your tech solution using Catapult’s Europe-wide access to over 100.000 growth companies and solution providers!

Stay tuned for more industry insights and digital sneak peeks!

Yours, Catapult team.


Unicorns, DX and Google’s 20th

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It’s hard to imagine, but we've been using the term 'Google it' for 20 years, and, topics of our search as well as the way we search information has changed a lot. Affected by the inevitable technological leap forward in both B2C and B2B, we no longer do MP3s and chat rooms. For the occasion, Google published 17 fun Easter eggs, that can be found in Google Search today, and are nearly considered to be the spelling mistakes or the ghosts of our retro past. Is Google a new Millennial? Here are some of the picks:

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MP3 file / Stream music

Watch a dvd / Streaming subscription

Page me / New phone, who dis?

Chat room / Text the group

How to tell someone you like them / Swipe right

Digital pet / Fidget spinner

Clip art / GIF

Inspired by the Google’s celebratory Easter Eggs, the question arose: how far does the list go across industries and will it continue to grow exponentially? Technologies are emerging, the tech jargon has evidently transformed, processes become more digital and automated, artificial intelligence and machine learning evolves at a speed of light.

Worldwide spending on digital transformation (aka DX) technologies will reach $1.3 trillion in 2018, up 16.8% from the $1.1 trillion spent last year.

The trend is seen among more traditional industries as well. - Porsche has increased its total investment in VC activities by €150 million for the next five years. Why? “Porsche Ventures” initiative aims to gain access to trends, new technologies and business models. Companies across the globe are heavily investing in innovations, emerging technologies, and startups.  


Speaking of investments - to continue the fun Google’s Easter Eggs list:

Hotel - AirBnB

Taxi - Uber

Bank payment - Stripe

CD rental - Spotify

Physical store - Amazon


What these services have in common, or, to be precise, not-have in common? - The physical space, properties, cars... These giants and unicorns heavily invested in highly scalable, technology-driven concepts and complex IT infrastructures. It consequently enabled them to disrupt billion-dollar global industries. This statement is also supported by the recent McKinsey study, which shows that superior digital strategies can boost revenues by more than 15%.

Maybe the next DX unicorn is just around the corner? For the past year, Catapult has introduced hundreds of growth companies with outstanding technologies and digital solutions to its corporate clients. The only way to refrain the retro ghosts of our part from coming back is to build the new future. Catapult is here to help your company grow, scale and achieve success in the digital transformation! 


Stay tuned for more industry insights and digital sneak peeks!

Yours, Catapult team.