What are “unicorns” and why is it amazing that Europe has produced 13 of them in the last year?

Europe has created 13 “unicorns” in the last year

The number of so-called “unicorns” in Europe rose from 30 to 40 in 2014.

What is a unicorn?

A unicorn is the term used for a tech start-up that is worth more than $1bn. It used to be a positively mythical idea, but there are now 40 unicorns in Europe.

The number is growing rapidly, with another 13 added to the European unicorn club last year (and three dropping off the list.

Which companies are new unicorns?

Unicorns 2014

The UK is leading the way with 17 unicorns overall, followed by Sweden with six.

However, Europe is still lagging behind the US, which added 22 new unicorns in 2014, and is home to super-unicorns Apple and Facebook.

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Readers' comments (1)

  • Anonymous

    Hmmm, If "A unicorn is the term used for a tech start-up that is worth more than $1bn" then surely referring to Apple as a Unicorn seems a bit of a stretch given that it was official founded in April 1, 1976.. Hardly a startup by any measure.. Just saying.

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