Do you know how many "unicorns"-- tech companies worth over $1 billion post-IPO or sale-- Europe has? The answer, according to Atomico Ventures, is 21, with famous names including Skype, Spotify and Mojang.
Other European success stories include Avito, Criteo, King.com, Mobili, Supercell, Wonga and Zoopla, among others.
For the curious, the global Atomico unicorn list names 138 companies divided between N. America (82), Asia (35) and Europe (21). Perhaps tellingly no billion dollar companies hail from MEA or Latin America as yet.
Interestingly the Atomic research also accounts how fast the companies grow into unicorns-- revealing a successful software company takes an average of 6 years. 24 companies even took just 3 years to reach the $1bn mark, most of which were founded in the last 5 years.Read more...