All the decacorns in Europe: listed

· Source: Sifted · Field: Business & Management — Entrepreneurship & Start-ups, Corporate Strategy & Leadership · Depth: Fundamental Awareness, medium

Summary

European startups are achieving decacorn status, defined as a valuation above \$10 billion, at an accelerated pace. Currently, 11 companies in Europe have surpassed this valuation milestone. Notable examples include Checkout.com, which reached a \$40 billion valuation in 2022, and Klarna, valued at \$21.2 billion in 2021. Other significant European decacorns listed are Revolut, valued at \$16.7 billion in 2022, Northvolt at \$12 billion in 2021, Celonis at \$13 billion in 2021, and Getir at \$11.8 billion in 2021. This rapid growth indicates a dynamic and maturing startup ecosystem across the continent.

Key takeaway

For investors evaluating European tech opportunities, the rapid increase in decacorn valuations signals a robust and expanding market. You should consider deeper analysis into these high-growth companies and their sectors, as they represent significant potential for future returns. This trend suggests a shift in global tech investment focus, warranting a re-evaluation of your portfolio's geographic allocation.

Key insights

European startups are rapidly achieving decacorn valuations, indicating a maturing tech ecosystem.

Topics

Best for: Investor, Executive, Tech Journalist

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Editorial summary, takeaway, and curation by AIssential. Original article published by Sifted.