"Funding season is about to restart in Europe after the summer lull, and if all goes well, it will be counting new unicorns in dozens - plural. While mega-rounds are less common than they were in 2021, this hasn't prevented 12 European startups from raising rounds at valuations of more than $1 billion during the first half of 2025. As the usual caveat goes, past performance is not indicative of future results, but this bodes well for the rest of the year."
"The company has raised a total of $600 million so far. "We are now the company that has sold the most quantum computers globally, in all major continents," its CEO Jan Goetz told TechCrunch. IQM's 54-qubit chips are already in use at computing centers, research labs, universities, and enterprises, and the company is getting ready to deploy its first 150-qubit systems."
Funding season in Europe is restarting after the summer lull with expectations of many new unicorns. Although mega-rounds are less frequent than in 2021, 12 European startups reached valuations above $1 billion in the first half of 2025. Investment interest is concentrated in biotech, defense tech, and especially AI. Recent unicorns include IQM, which develops quantum computers and raised over $300 million in a Series B and has raised $600 million total; Framer, a no-code website builder valued at $2 billion after a $100 million Series D; and Lovable, an AI coding startup that raised $200 million at a $1.8 billion valuation eight months after launch.
Read at TechCrunch
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