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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	🇩🇪	$224.7B	$44.5B	5.0x	📈 Public
2	Hexagon	🇸🇪	$28.5B	$6.4B	4.4x	📈 Public
3	Dassault Systemes	🇫🇷	$28.0B	$7.4B	3.8x	📈 Public
4	Amadeus	🇪🇸	$25.3B	$7.8B	3.3x	📈 Public
5	Visma	🇳🇴	$22.0B			🤝 Acquired
6	Nebius Group	🇳🇱	$22.0B	$1.2B	18.4x	📈 Public
7	IFS	🇸🇪	$16.0B			🤝 Acquired
8	Helsing		$13.2B			🚀 Private
9	Celonis		$13.0B			🚀 Private
10	The Access Group	🇬🇧	$12.0B			🤝 Acquired
11	ElevenLabs	🇵🇱	$11.0B	$0.3B	33.3x	🚀 Private
12	ElevenLabs	🇵🇱	$11.0B	$0.3B	33.3x	🚀 Private
13	Sage	🇬🇧	$10.4B	$3.5B	3.0x	📈 Public
14	Nemetschek	🇩🇪	$9.0B	$1.4B	6.4x	📈 Public
15	Vinted	🇱🇹	$8.7B	$0.9B	9.4x	🚀 Private
16	Avast Software	🇨🇿	$8.6B	$0.9B	9.1x	🤝 Acquired
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	🇨🇭	$6.1B	$1.1B	5.5x	📈 Public
21	Sportradar	🇨🇭	$5.8B	$1.6B	3.7x	📈 Public
22	United Internet	🇩🇪	$5.5B	$7.1B	0.8x	📈 Public
23	Elastic	🇳🇱	$5.5B	$1.7B	3.2x	📈 Public
24	Legora	🇸🇪	$5.5B	$0.0B	137.5x	🚀 Private
25	Fortnox	🇸🇪	$5.5B	$2.1B	2.6x	🚀 Private
26	Veoneer	🇸🇪	$4.6B			🚀 Private
27	Computacenter	🇬🇧	$4.4B	$12.4B	0.4x	📈 Public
28	IONOS Group	🇩🇪	$4.3B	$1.5B	2.8x	📈 Public
29	LogMeIn	🇭🇺	$4.3B	$1.3B	3.3x	🤝 Acquired
30	NordVPN	🇱🇹	$3.0B	$0.4B	8.0x	🚀 Private
31	Itiviti	🇸🇪	$2.6B	$0.2B	10.7x	🚀 Private
32	TietoEVRY	🇫🇮	$2.5B	$2.2B	1.2x	📈 Public
33	Mojang	🇸🇪	$2.5B	$0.2B	11.4x	🚀 Private
34	AJ Bell	🇬🇧	$2.3B	$0.4B	5.1x	📈 Public
35	TGS	🇳🇴	$2.2B	$1.5B	1.5x	📈 Public
36	Tink	🇸🇪	$2.2B	$0.3B	7.7x	🚀 Private
37	Zettle	🇸🇪	$2.2B	$0.2B	13.2x	🚀 Private
38	Vusion	🇫🇷	$2.1B	$1.8B	1.2x	📈 Public
39	NetEnt	🇸🇪	$2.0B			🚀 Private
40	Neo4j	🇸🇪	$2.0B	$0.2B	10.0x	🚀 Private
41	Kry	🇸🇪	$2.0B	$0.3B	7.4x	🚀 Private
42	ID.me	🇪🇪	$2.0B	$0.2B	13.3x	🚀 Private
43	HBX Group	🇬🇧	$2.0B	$0.8B	2.3x	📈 Public
44	SoftwareOne	🇨🇭	1.833993665	1.718809516	1.067013912	📈 Public
45	Neko Health	🇸🇪	1.8	0		🚀 Private
46	Sinch	🇸🇪	1.798450206	2.955019445	0.6086085862	📈 Public
47	Bambora	🇸🇪	1.75363	0.2338173333	7.5	🚀 Private
48	Productboard	🇨🇿	1.7	0.02187902188	77.7	🚀 Private
49	OVHcloud	🇫🇷	1.601264655	1.294820874	1.236668861	📈 Public
50	ATOSS Software	🇩🇪	1.596137455	0.230463207	6.925779937	📈 Public