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2018 set another record for the number of new European tech companies to surpass a $1 billion+ milestone for the first time.

# of new and total $1B+ European tech companies per year founded since 2003

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  • Existing
  • New in Year
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$1B+ European tech companies founded since 2003

Europe saw a record number of tech companies hit a $1 billion+ milestone for the first time in 2018.

European $B+ tech companies

17
number of European tech companies that first surpassed a $1 billion+ milestone in 2018, an all-time record for the region

$1 billion+ European tech companies have now emerged from 14 unique countries in the region, led by the UK, Germany and Sweden.

# of $1B+ European tech companies by country of origin

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  • Existing $1B+ companies
  • Added in 2018
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$1B+ European tech companies founded since 2003.

The gripe used to be that Europe had yet to prove it could be home to multiple $1 billion+ businesses. We have decisively put that question to rest.

The gripe used to be that Europe had yet to prove it could be home to multiple $1 billion+ businesses. We have decisively put that question to rest. Momentum has accelerated, and now we are able to regularly build businesses that surpass the $5 billion+ threshold and have produced two in the $15 billion+ range. However, what we are missing still is an iconic and enduring category leading business, based in Europe that has scaled globally and is valued over $50 billion. I do believe this too is just a matter of time.

Sonali de Rycker

Accel

European founders have built huge businesses in a wide range of categories.

# of $1B+ European tech companies founded since 2003

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  • # of $1B+ companies
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$B+ European tech companies founded since 2003

The 2010s have already produced 15x more $1 billion+ companies by Year 8 (2018) of the decade compared to the equivalent point (2008) of the 2000s. The cohort from that earlier decade grew from 2 in 2008 to 31 today. Based on a similar expansion of the cohort from the 2010s, it's not far from unrealistic to imagine 30 companies today from this decade growing to more than 100.

# of European tech companies by founding year decade that had reached a $1B+ milestone by Year 8 and Year 18 of the decade (Year 18 for 2010s cohort illustrative only)

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  • 2000s
  • 2010s
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$1B+ European tech companies split by the decade of the founding year. The 100 number shown for Year 18 of the 2010s is illustrative only.

Europe is now consistently producing companies exceeding $5 billion+ in value.

# of $1B+ European tech companies by latest valuation

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  • # of $1B+ companies
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$1B+ European tech companies founded since 2003. Latest valuation as of 31 October 2018.

Europe is now producing $1 billion+ tech companies at a rate that is greater than an order of magnitude higher than the last decade.

European $B+ tech companies

15x
increase in the number of $1 billion+ companies founded per decade that hit a $1B+ by Year 8 of this decade (2010s) compared to Year 8 of the last decade (2000s)

Europe's $1 billion+ tech companies are finding shareholder liquidity via IPOs and M&A and helping to release capital & experienced talent back into the ecosystem.

# of $1B+ European tech companies by ownership status

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  • Ownership status
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$1B+ European tech companies founded since 2003. Latest ownership status as of 31 October 2018.