Europe’s New Decacorns: The 5 Startups That Broke The $10B Barrier In 2026
The following article provides an overview of significant developments in the European tech landscape, focusing on companies that achieved valuations of $10 billion or more.
The following article provides an overview of significant developments in the European tech landscape, focusing on companies that achieved valuations of $10 billion or more.
In 2025, Europe saw the emergence of five decacorns, companies valued at over $10 billion. This milestone highlights the region's growing influence in the global tech sector, as well as investor confidence in its ability to compete with established markets in the US and Asia.
A decacorn is a privately-held company valued at over $10 billion. These companies typically demonstrate rapid growth, significant revenue potential, and attract global investment. They play an influential role in sectors such as finance, artificial intelligence, defense, and consumer technology.
Research indicates that five European companies achieved decacorn status in 2025. These companies include:
Mistral AI: $11.7 Billion Trade Republic: $12.5 Billion Bending Spoons: $11 Billion Helsing: $12 Billion ŌURA: $11 Billion
In 2025, Europe saw the emergence of five decacorns, companies valued at over $10 billion.
Founded in Paris, Mistral AI specializes in generative artificial intelligence. The company focuses on developing AI models for enterprise integration, prioritizing transparency and compliance with European data norms. Mistral AI has secured significant investment from entities such as ASML and Lightspeed.
Trade Republic, based in Berlin, is a fintech and mobile brokerage platform offering commission-free trading. The platform's services include stocks, ETFs, and cryptocurrencies. A recent funding round increased its valuation to $16.7 billion, enhancing its position as a leading European tech company.
Italian company Bending Spoons focuses on acquiring and enhancing digital products. Founded in Milan, it has built a diverse portfolio including Evernote and WeTransfer. In 2025, Bending Spoons was valued at approximately $11 billion, cementing its status as a major player in the global software industry.
Helsing, a Munich-based defense technology firm, develops AI-driven autonomous systems and military hardware. It has received substantial funding, contributing to its $12 billion valuation. The company is at the forefront of enhancing European strategic autonomy efforts.
ŌURA Health Oy, based in Finland, is renowned for its Oura Ring, a wearable device monitoring sleep and activity metrics. Valued around $11 billion, ŌURA continues to expand its product offerings and global presence in the health wearable sector.
Based on reporting by techround.co.uk.