In 2023, data showed only seven companies reached unicorn status, a sharp decline from the peak year of 2021, where 69 new unicorns were created.
Despite a downturn last year, 2024 is seeing a rebound with eight new unicorns in Europe and 59 startups raising over $100 million already.
The European VC landscape is showing resilience with a general increase in median deal sizes, particularly driven by the burgeoning generative AI and energy sectors.
In the first half of 2024, generative AI startups alone accounted for $3 billion in funding, constituting 18% of all European VC funding.
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