In 2022, Europe recorded its second-biggest year for newly minted rhinos, but continued stagnation may discourage further creations.
A total of 46 European and Israeli companies crossed the €1 billion threshold last year, according to PitchBook data. companies including Payment network provider Satispay Education technology specialist multiverse Among those who joined the continent’s rhinoceros herd.
Investors expect conditions to remain dire for the foreseeable future, as challenges created last year, such as rising interest rates and inflation, continue into 2023. And as valuations become more realistic, it’s likely that fewer companies will make it through. Mark 1 billion euros compared to recent years.
However, venture capitalists are still sitting on a mountain of dry powder and will continue to bet big on startups they see as profitable in the future.
We’ve compiled a short list of some of the VC-backed companies that are currently valued at over €500m and could be the next to join the ranks of European and €1bn-plus Israeli startups.
be realistic
Latest post-money valuation: €610.6m (2022)
Billions of people around the world already use social media on a daily basis, and the market is expected to grow to $777.64 billion by 2026, according to Business research firm. One of the startups looking to participate in this growth is based in Paris be realistic.
Named “Social Media App of the Year” by Forbes in December, BeReal’s selling point is authenticity. The app only allows users to post photos once a day, and without filters. Although dwarfed by the likes InstagramThe company is growing rapidly and has gained 73.5 million monthly active users and 20 million daily active users since its launch in 2020.
BeReal’s most recent funding round has pushed its valuation to more than €600m. among his supporters Andreessen HorowitzAnd acceleration And Universal Daylight Savings Time.
Clean carbon
Latest post-money valuation: €537.2m (2022)
Investor appetite for climate tech startups intensified last year, and the sector was one of the few to record record funding levels – €5.3 billion in 2022 compared to €5.2 billion in 2021, according to PitchBook data.
Most VCs expect another strong year for deal-making as the sector grows in popularity. One area of interest is carbon capture, which is based in the UK Clean carbonMission.
Founded in 2009, Carbon Clean technology is designed to capture, store and use carbon dioxide in a range of industries including steel and refineries. In May, the startup raised $150 million in a Series C led chevron Supported by Samsung projects And Wave Equity Partnersamong others.
beer
Latest post-money valuation: €507.8m (2022)
HR technology has been a staple of venture capital investments. The sector experienced a boom during the pandemic that resulted in several new unicorns, such as personio And My business.
Based in Paris, beer It offers an independent consulting platform that currently has more than 360,000 freelance workers and 40,000 clients. In 2021, the company raised €80m in a round led by Goldman Sachs stock growth And Orazio.
Due to the economic downturn, more companies are looking to save money by reducing the number of employees. This means that there is an increasing need to outsource projects that can no longer be done in-house. Add to that the fact that more people may be turning to freelancing to keep them until their next job, and Malt could see benefits on both fronts.
Moon
Latest post-money valuation: €953m (2021)
Private equity allocations have increased over the past few years and are based in Berlin Moon Looking to democratize entry. The startup gives individual investors and advisors access to private equity funds for as little as $125.
In the past year, the company has doubled its assets under management to more than 2 billion euros and registered more than 40,000 users. At the end of 2021, it secured a $125 million Series C led by Insight Partners.
With the current volatility in the public markets, Moonfare expects more investors to diversify their portfolios by investing their money in private equity, which could boost the company’s numbers.
Quantixa
Latest post-money valuation: €678.7m (2021)
Fraud prevention is a top priority for most businesses as cyber attacks and scams continue to rise.
London based Quantixa It offers software that provides a contextual view of internal and external data, which can help address challenges across financial crime, customer intelligence, credit risk, and fraud.
The company recently raised $153 million in July 2021 in a led round Warburg Pincus. Its clients include banks, insurance companies and government agencies.
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