More than 10 European startups became unicorns this year

In 2022, over 10 European startups achieved unicorn status, indicating the growing prominence of various sectors in the region's startup ecosystem. These startups span diverse industries, including biotech, defense technology, and artificial intelligence (AI). The surge in European unicorns highlights the increasing investor interest and confidence in the continent's ability to foster innovative and high-growth companies. This development reflects the region's strengthening position as a hub for technological advancements and entrepreneurial talent. The article suggests that the sectors driving this growth, such as biotech, defense tech, and AI, are particularly attractive to investors, signaling their potential for significant impact and lucrative returns. This trend underscores the shifting dynamics in the global startup landscape, with Europe emerging as a formidable player alongside traditional hubs like Silicon Valley.