With an ecosystem now worth c.$801bn, 166 companies are valued over $1bn The ecosystem’s value has grown by 9x since our first report in 2014

The European tech ecosystem is growing faster than ever as the availability of capital swells

Valuations across the public and private markets have increased, and 52 new companies reached Unicorn status with a combined value of $94bn, a 1.6x uptick in the number of new billion-dollar companies versus 2020

Adyen has achieved Titan status (valued over $50bn), and the value of our cohort of European tech billion-dollar companies is up 108% since the start of 2020, outperforming Nasdaq (+43%) and EURO STOXX (+7%)

Driven by increased availability of capital and a rapid increase in mega-rounds over $50m, the private markets are enjoying robust activity