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11 European unicorns hit $1B valuation

By NexChange
Venture Capital

The U.S. may be the unicorn kingdom, but Europeans are creating their own tech unicorns too.

In the last 12 months, Europe has birthed 11 new startups with valuations of $1 billion or more, reports Business Insider. Most of the list comes from London or Germany, and three are finance related. Here they are:

Farfetch-$1 billion- London-based fashion startup. Serves as a storefront for more than 300 global boutiques.
Funding Circle- $1 billion- London-based peer-to-peer lending platform.
TransferWire- $1 billion- London-based, with a background from Estonia, peer-to-peer money transfer service.
Auto1 Group- $1 billion- German-founded car sale startup.
Shazam- $1 billion- Music identification app with ambitions to move beyond just songs.
Home24- $1.03 billion- Online German furniture store.
Ayden- $1.5 billion- Netherlands' payments company.
BlaBlaCar- $1.6 billion- European car sharing service.
HelloFresh- $2.9 billion- German-based food delivery startup.
Delivery Hero- $3.1 billion- German-based platform that allows apps and local websites to partner with local restaurants in other countries.
Global Fashion Group- $3.1 billion- A compilation of fashion startups in emerging markets.

Photo: Steven Depolo

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