Here are 4 European startups that have joined the unicorn club in 2019

Here are 4 European startups that have joined the unicorn club in 2019

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For every startup earning the mythical title, ‘Unicorn‘ is a dream! Back in 2013, venture capitalist and founder of Cowboy Ventures, Aileen Lee made one-horned horse the most prized members of the startup ecosystem by calling a privately held startup valued at over $1 billion a ‘unicorn’.

Having said that, those startups once as rare as unicorns, are now plentiful enough. According to the report from Dealroom, there are 160 unicorns in Europe (excluding Israel) of which 110 realised and 50 unrealised.

Realised unicorn

The companies founded after 1990 that have had an IPO or trade sale above $1 billion.

Unrealised unicorn

The companies that have been valued at or over $1 billion in their last private venture funding round (meaning the valuation has not been confirmed in a secondary transaction).

Right now, we are in the middle of the third month of 2019 and till now four new European unicorns emerged so far.

Veeam Software (Switzerland)

Veeam Software, based in Baar, Switzerland, is the leader in backup solutions that enable Intelligent Data Management for the Hyper-Available Enterprise. Its most recent products include Veeam Agent for Microsoft Windows and Veeam Agent for Linux, as well as Veeam Availability Console.

In fact, Veeam Hyper-Availability Platform is the most complete solution to help customers on the journey to automating data management and ensuring the Availability of data. The Veeam global ecosystem includes 59,000 channel partners, Cisco, HPE, Lenovo and NetApp as exclusive resellers, and 20,600 cloud and service providers.

Founded by Andrei Baronov, and Ratmir Timashev, Veeam has more than 3,600 employees worldwide and offices in more than 30 countries. Talking about the funding, Veeam Software has raised a total of €455M funding over 2 rounds. Their latest funding was raised on Jan 16, 2019, from a Private Equity round.

Collibra (Belgium)

Based out of Brussels, Collibra is the first Belgian tech startup unicorn with a valuation above 1 billion dollars. Founded by Felix Van De Maele, Pieter De Leenheer and Stijn Christiaens, Collibra is the leader in data governance. Collibra was founded mid-2008 as a spin-off from STARLab at the VUB University of Brussels

Collibra helps organisations across the world to gain a competitive advantage by maximising the value of their data across the enterprise. The solution offers enterprises to organise and manage data assets and related policies and rules.

The flexible and configurable cloud-based or on-premises solution puts people and processes first – automating data governance and management to quickly and securely deliver trusted data to the business users who need it. The company has raised a total of €218M in funding over 6 rounds. Their latest funding was raised on Jan 29, 2019, from a Series E round.

Luxoft (Switzerland)

Luxoft is a global consulting partner that offers end-to-end digital solutions to solve clients’ complex business challenges. The company provides a new class of digital service by combining consulting, strategy, and engineering at scale.

It enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors.

The company’s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models.  With headquarters in Zug, Switzerland and 42 global locations, Luxoft operates in 21 countries across five continents, providing a robust global delivery platform.

eMAG (Romania)

Founded by Radu Apostolescu in 2001, eMag is an e-commerce platform offering a wide range of products. It is the second unicorn in Romania after UiPath. In fact, pioneer of the Romanian online market also has a presence in Bulgaria, Hungary and Poland.

For 17 years, the company has been steadily investing in technology-based services developed in Romania that help customers save time and money. eMag became the leader of the electro-IT market, surpassing its main competitor Altex, an online retail shop, in terms of sales.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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