By 2017, Europe has yielded over 40 tech companies that have achieved over billion dollar valuations, through private market investment rounds, acquisitions, or a valuation in the public markets, post-IPO.Below is a graph showing the number of companies founded in Europe since 2005.
Number of B$ companies founded in Europe since 2005
The UK is home for the most startups that have achieved a valuation of over one billion dollars, but today, Europe’s biggest success stories come from 11 different countries across the union. 2017 was the year we saw seen some tech companies surpass the billion-dollar valuation for the first time. The total combined M&A exit value in Europe exceeded 75 billion dollars. Seven companies eclipsed the $B valuation in Europe last year, here are the billion-dollar success stories
Here’s what these billion dollar companies do!
The HutGroup started as a white label e-commerce website provider for grocery retailers. Since then they have come a long way, and have acquired a series of entertainment and fashion brands, such as Zavvi, AllSole and MyBag. They have also expanded into health, beauty and lifestyle websites. The HutGroup trades in almost 200 countries in over 20 languages and 24 currencies.
PurpleBricks is the world’s first 24/7 real estate agent. This UK based company allows buyers and tenants to book viewings, make offers and agree sales / leases day or night. PurpleBricks wants to distance itself from the typical real estate agents by not taking a percentage cut from property sales prices.
Rovio is a global company that creates world-class entertainment experiences through their games, animation, licensing and other businesses. Rovio’s game business started as a student project back in 2003, and has since developed dozens of crowd pleasing game hits such as Battle Bay, Nibblers, and a game that has something to do with slingshots, stolen eggs and birds being really mad at green pigs..hmm what was that one called again?
Trivago, is a German-born multinational tech company specializing in internet-related services and products in the hotel, lodging and meta search service fields. Trivago was the first hotel search engine in Germany and is one of the fastest growing companies in the country. The company makes its money through advertising partners using CPC business model. The site includes over 190 million hotel ratings, 14 million photos, and reviews from over 120 million visitors per month.
Improbable is one of the world’s most powerful game development platforms. The British tech company, founded in 2012, focuses on large-scale simulations in the cloud, enabling virtual worlds of unprecedented scale and complexity. The company’s goal is to power previously un-makeable games and solve unanswerable problems. Since its launch, Improbable has grown to over 200 employees, with offices in London, Washington D.C. and San Francisco.
Talend is a software integration vendor that provides big data, cloud storage, data integration, data management, master data management, data quality, data preparation and enterprise application integration software and services. Talend was founded in 2005 when it was the first commercial open source data integration software vendor.
Oütfit7 is one of the fastest-growing multinational family entertainment companies, best known for its global phenomenon Talking Tom. Talking Tom grew from an instant app success, into a fully-fledged media franchise a few years since its launch. The company was founded in 2009, in Cyprus, and has since put together a successful portfolio that now includes free mobile apps and games, CGI animated series & web shorts and a global licensing and merchandising program. Their apps have been downloaded over 7 billion times.
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