Funding season is about to restart in Europe after the summer season lull, and if all goes nicely, will probably be counting new unicorns in dozens — plural. Whereas mega-rounds are much less frequent than they have been in 2021, this hasn’t prevented 12 European startups from elevating rounds at valuations of greater than $1 billion in the course of the first half of 2025.

As the standard caveat goes, previous efficiency will not be indicative of future outcomes, however this bodes nicely for the remainder of the 12 months. Both manner, that is additionally a superb indication of the sectors which might be scorching amongst buyers, from biotech and protection tech to AI, AI, and AI.

Listed below are the brand new European unicorns of 2025: 

September 2025

IQM

IQM, a Finnish startup that develops quantum computer systems and a cloud platform that faucets this {hardware}, grew to become a unicorn after elevating more than $300 million in a Sequence B funding spherical. The corporate has raised a complete of $600 million up to now.

“We are actually the corporate that has bought probably the most quantum computer systems globally, in all main continents,” its CEO Jan Goetz instructed TechCrunch. IQM’s 54-qubit chips are already in use at computing facilities, analysis labs, universities, and enterprises, and the corporate is on the point of deploy its first 150-qubit techniques.

Framer

No-code web site builder Framer reached a $2 billion valuation after touchdown a $100 million Series D funding round that was led by present buyers Meritech and Atomico. The corporate will use the contemporary money to double down on its enterprise technique and AI.

Competing with the likes of Figma, Squarespace, Wix, and vibe coding platforms, Framer has a robust concentrate on design. Its co-founders, Koen Bok and Jorn van Dijk, had beforehand sold a design studio to Facebook in 2011.

July 2025

Lovable

Quick-growing Swedish AI vibe coding startup Lovable grew to become a unicorn in report time. In July, solely eight months after its launch, it raised a $200 million Series A led by Accel at a $1.8 billion valuation. One word: Lovable Labs Inc. is registered in Delaware, however many of the startup’s crew members and open roles are primarily based in Stockholm. 

Fuse Power

Fuse Power, a British renewable vitality firm based in 2022 by two former Revolut executives, raised a funding spherical that’s thought to have valued the company at more than $1 billion, The Instances reported in July.

June 2025

Mubi

Movie-streaming service Mubi raised a $100 million spherical led by Sequoia Capital in June, valuing the corporate at $1 billion and making it a unicorn. Based in 2007 as a curated platform, this indie Netflix rival now additionally produces and distributes motion pictures.

Zama

French startup Zama raised a $57 million Sequence B that introduced its valuation to north of $1 billion. The corporate develops homomorphic encryption, a method that makes use of cryptographic algorithms to maintain knowledge safe.

Isar Aerospace

German house startup Isar Aerospace grew to become a unicorn in June after reaching an settlement with Eldridge Industries for a convertible bond of €150 million (roughly $173 million). The launch company spun off from the Technical College of Munich (TUM), which now claims 22 unicorns.

Could 2025

Tekever 

Tekever, a dual-use drone startup out of Portugal, raised a funding spherical in Could that it mentioned confirmed its more than £1 billion valuation, which hadn’t been beforehand introduced. 

It’s backed by Ventura Capital, Baillie Gifford, the NATO Innovation Fund (NIF), Iberis Capital, and Crescent Cove, and is about to fund the corporate’s plans to speculate £400 million right into a U.Okay. improvement plan spanning 5 years.

Quantum Methods

German dual-use startup Quantum Methods became a unicorn in Could 2025, in response to PitchBook, upon raising a €160 million Series C (roughly $172 million) to speed up its world growth, scale manufacturing, and advance its autonomous drone techniques, software program, and AI.

The spherical was led by Balderton Capital, with participation from Hensoldt, Airbus Protection and House, Bullhound Capital, LP&E AG, and present buyers, together with HV Capital, Venture A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE, and Notion.

Parloa

Parloa, a German startup providing a conversational AI platform for customer support, secured $120 million in Series C funding at a valuation of $1 billion in Could 2025, lower than a 12 months after its $66 million Series B and two years after its $21 million Series A. The Sequence C was led by Sturdy Capital Companions, Altimeter Capital, and Common Catalyst.

March 2025

Isomorphic Labs

Isomorphic Labs, a London-based AI drug-discovery platform that spun out of Google’s DeepMind in 2021, raised external capital for the first time in March 2025 with a $600 million spherical led by Thrive Capital, with participation from GV and Alphabet. The valuation wasn’t disclosed, however the spherical measurement firmly locations the British spinoff inside unicorn territory.

February 2025

Tines

Dublin-based Tines, a startup targeted on AI-powered workflows, became a unicorn in February 2025 after elevating a $125 million Sequence C from new and present buyers at a valuation of $1.125 billion. 

The Irish startup began out in safety workflow automation, however has seen adoption across other parts of the tech stack, with purposes in infrastructure, engineering, and product. Upon elevating its Sequence C, the corporate mentioned it was now performing over a billion automated actions on behalf of its clients each week.

January 2025

Verdiva Bio

Lower than one 12 months after its launch, London-based biotech Verdiva Bio raised a large $410 million Series A in January 2025 as its first introduced spherical of funding. This immediately made a unicorn out of the corporate, whose pipeline consists of an oral-based GLP-1 drug much like Ozempic and Wegovy.

Neko Well being

Neko Well being, the preventative well being startup co-founded by Spotify’s Daniel Ek, raised a $260 million Series B at a $1.8 billion valuation in January 2025. The spherical was led by Lightspeed Enterprise Companions, with participation from Common Catalyst, O.G. Enterprise Companions, Rosello, Lakestar, and Atomico. 

The Swedish firm gives full-body scans, with the aim of serving to individuals keep wholesome by means of early detection. Based on its CEO and co-founder Hjalmar Nilsonne, the funding will speed up Neko’s world growth of places past Stockholm and London to incorporate the U.S., in addition to investments in R&D.