Are Europe's unicorns getting more elusive?

The number of $1bn companies has fallen compared to last year, but Europe's crop looks to be in finer fettle than its US equivalents.

by Rebecca Smith

There’s been uncertainty surrounding falling unicorn (billion-dollar companies) valuations and many, including Microsoft co-founder Bill Gates, have warned over past ‘over-enthusiasm’ when it comes to investing in promising companies. There's been a bubbling fear of history repeating itself with the dot com bust.

And while Europe produced ten tech start-ups that were either sold, floated or valued by private investors at $1bn upwards for 2015, that's a drop on 2014 when it produced 13.

But a new report from GP Bullhound suggests it’s not all doom and gloom (as you might expect coming from a technology investment bank). In the past year Europe added another ten unicorns (three lost their status) bringing the total to 47, with a combined value of $130bn. There’s something to be said for the resilience of these companies, particularly in the face of unstable global markets and what seems to be growing scepticism surrounding fast-growth tech.

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