header-image
Business Management

InfoShot: The rise of the Euro-corn

The US might be ground zero for the startup world, but Europe is catching up.

47 of the world’s 174 Unicorns – private companies with valuations of $1 billion or more – hail from Europe, according to a new report from tech M&A specialists GP Bullhound. 10 joined the club in 2015, including HelloFresh, Blippar, Sitecore and IronSource. Where last year investment centred around Fintech, recently there has been a shift to Augmented Reality, Virtual Reality, and Computer Vision.

The UK is home to the most billion-dollar companies, with 18. Switzerland, Denmark and Luxembourg all added their first Unicorns to the list. The average Euro-corn is valued at $2.6 billion, while in June Finland’s Supercell became Europe’s first “Decacorn”; a Unicorn valued at over $10 billion.

But it’s not just the number of companies and the valuations that make interesting reading. According to the report, US Unicorns on average raise twice as much money as European ones and have valuations around 46 times their revenue. European companies, however, boast higher average revenues, and valuations of just 18.1 times their revenue. Average revenues for Euro-corns in 2015 was $315 million, up from $265 in 2014 and $163 million in 2013.

03-08-16-the-rise-of-the-euro-corn

PREVIOUS ARTICLE

« Can a Raspberry Pi be used as enterprise-grade endpoint protection?

NEXT ARTICLE

Trust and technology boost Colombia's financial inclusion »
author_image
Dan Swinhoe

Dan is a journalist at CSO Online. Previously he was Senior Staff Writer at IDG Connect.

  • twt
  • twt
  • twt
  • Mail

Recommended for You

20 Red-Hot, Pre-IPO companies to watch in 2019 B2B tech - Part 1

Martin Veitch's inside track on today’s tech trends

Training and certification for a cloud native world

Keri Allan looks at the latest trends and technologies

Unicorns are running free in the UK but Brexit poses a tough challenge

Trevor Clawson on the outlook for UK Tech startups

Poll

Do you think your smartphone is making you a workaholic?