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Europe's Largest Software Companies — April 2026

Last updated on 12 April 2026·Software·Europe

SAP is the largest European software company

As of April 2026, the highest-valued software companies in Europe add up to about $500B in combined enterprise value (and SAP alone accounts for half of it!).

SAP is basically a category itself — a company that became the backbone of how most large enterprises run their ops these days.

These are the most valuable software companies in Europe

This ranking includes software (or software-enabled) companies in Europe valued above $1 billion. It includes private, public and acquired companies. Most private valuations are last reported or recently rumoured.

On ZIRP-era (2020-2022) valuations: we exclude companies that latest reported valuation would be enough to hit the list, but it is expected that the company is now valued significantly lower.

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1	SAP	🇩🇪	$201.6B	$45.0B	4.5x	📈 Public
2	Nebius Group	🇳🇱	$36.7B	$1.4B	25.9x	📈 Public
3	Dassault Systemes	🇫🇷	$30.1B	$7.4B	4.1x	📈 Public
4	Hexagon	🇸🇪	$29.2B	$6.2B	4.7x	📈 Public
5	Amadeus	🇪🇸	$25.2B	$7.8B	3.2x	📈 Public
6	Visma	🇳🇴	$22.0B			🤝 Acquired
7	IFS	🇸🇪	$16.0B			🤝 Acquired
8	Helsing		$13.2B			🚀 Private
9	Celonis		$13.0B			🚀 Private
10	The Access Group	🇬🇧	$12.0B			🤝 Acquired
11	Sage	🇬🇧	$11.2B	$3.5B	3.2x	📈 Public
12	ElevenLabs	🇵🇱	$11.0B	$0.3B	33.3x	🚀 Private
13	ElevenLabs	🇵🇱	$11.0B	$0.3B	33.3x	🚀 Private
14	Vinted	🇱🇹	$8.7B	$0.9B	9.4x	🚀 Private
15	Avast Software	🇨🇿	$8.6B	$0.9B	9.1x	🤝 Acquired
16	Nemetschek	🇩🇪	$8.6B	$1.4B	6.0x	📈 Public
17	Personio		$8.5B	$0.3B	30.7x	🚀 Private
18	Jetbrains	🇨🇿	$7.0B	$0.4B	17.5x	🚀 Private
19	Lovable	🇸🇪	$6.6B	$0.4B	15.3x	🚀 Private
20	Temenos	🇨🇭	$6.3B	$1.1B	5.7x	📈 Public
21	Legora	🇸🇪	$5.5B	$0.0B	137.5x	🚀 Private
22	Fortnox	🇸🇪	$5.5B	$2.1B	2.6x	🚀 Private
23	United Internet	🇩🇪	$5.4B	$7.2B	0.8x	📈 Public
24	Computacenter	🇬🇧	$5.4B	$12.8B	0.4x	📈 Public
25	Elastic	🇳🇱	$5.0B	$1.7B	2.9x	📈 Public
26	Veoneer	🇸🇪	$4.6B			🚀 Private
27	IONOS Group	🇩🇪	$4.3B	$1.6B	2.8x	📈 Public
28	LogMeIn	🇭🇺	$4.3B	$1.3B	3.3x	🤝 Acquired
29	Sportradar	🇨🇭	$4.1B	$1.6B	2.6x	📈 Public
30	TGS	🇳🇴	$3.1B	$1.5B	2.1x	📈 Public
31	NordVPN	🇱🇹	$3.0B	$0.4B	8.0x	🚀 Private
32	AJ Bell	🇬🇧	$2.8B	$0.5B	6.2x	📈 Public
33	Vusion	🇫🇷	$2.6B	$1.9B	1.4x	📈 Public
34	Itiviti	🇸🇪	$2.6B	$0.2B	10.7x	🚀 Private
35	Mojang	🇸🇪	$2.5B	$0.2B	11.4x	🚀 Private
36	Tieto	🇫🇮	$2.5B	$2.2B	1.2x	📈 Public
37	Sinch	🇸🇪	$2.2B	$3.0B	0.8x	📈 Public
38	Tink	🇸🇪	$2.2B	$0.3B	7.7x	🚀 Private
39	Zettle	🇸🇪	$2.2B	$0.2B	13.2x	🚀 Private
40	NetEnt	🇸🇪	$2.0B			🚀 Private
41	Neo4j	🇸🇪	$2.0B	$0.2B	10.0x	🚀 Private
42	Kry	🇸🇪	$2.0B	$0.3B	7.4x	🚀 Private
43	ID.me	🇪🇪	$2.0B	$0.2B	13.3x	🚀 Private
44	SoftwareOne	🇨🇭	1.886104675	1.712800338	1.101181868	📈 Public
45	HBX Group	🇬🇧	1.885069787	0.8475109815	2.224242314	📈 Public
46	OVHcloud	🇫🇷	1.854904178	1.308515014	1.417564307	📈 Public
47	Neko Health	🇸🇪	1.8	0		🚀 Private
48	Bambora	🇸🇪	1.75363	0.2338173333	7.5	🚀 Private
49	Productboard	🇨🇿	1.7	0.02187902188	77.7	🚀 Private
50	Clarivate	🇬🇧	1.579761673	2.423341339	0.6518939975	📈 Public