50 Most Valuable Private Companies in Europe — June 2026
Last updated on 01 June 2026·Europe
Revolut is Europe's most valuable private company
As of June 2026, Revolut is the most valuable startup (although calling Revolut "startup" might be a stretch at this point!).
Revolut is currently valued at $75.0B, or 17.5x its last reported revenue.
Behind Revolut, Europe's second most valuable private tech company is Nscale (valued at $14.6B, followed by Trade Republic ($14.4B.
Out of 50, 16 companies are based (or at least founded with significant operations) in the UK, 8 in France and 7 in Germany.
What are Europe's most valuable startups?
The ranking below tracks Europe's most valuable private technology companies, ordered by their latest disclosed (or heavily rumoured) valuation. It includes both bootstrapped and VC-backed companies.
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1
RevolutRevolut is a London-headquartered digital banking platform serving over 40 million customers across Europe, the United States, and Asia. It provides mobile app-based services including multi-currency accounts, debit cards, international transfers, cryptocurrency exchange, commission-free stock and commodities trading, and insurance products. Founded in 2015, Revolut holds banking licenses in Lithuania and the UK.
$75.0B
$4.0B
18.8x
Nov 2025
2
NscaleNscale is a Helsinki-headquartered provider of GPU cloud infrastructure optimized for AI workloads. The platform delivers serverless inference endpoints, on-demand training clusters, and bare metal GPU servers for model fine-tuning and deployment. Its private cloud environments support sovereign data processing requirements. Nscale operates Tier 3 data centers in Boden, Sweden, powered entirely by renewable hydroelectric energy from the Pite River. The company integrates a marketplace for pre-configured AI tools and autoscaling solutions. Launched in 2023, Nscale partners with NVIDIA to offer DGX SuperPOD-ready configurations for enterprise-scale generative AI applications.
$14.6B
$1.5B
9.7x
Mar 2026
3
Trade RepublicTrade Republic is a Berlin-headquartered mobile brokerage offering commission-free trading in stocks, ETFs, and derivatives. Launched in 2015, the app serves European retail investors with instant order execution and savings plans. It invests client cash in money market funds and supports fractional shares. Regulated by BaFin, it expands across Germany, France, and Spain.
$14.4B
$313M
45.9x
Dec 2025
4
HelsingHelsing is a Berlin-headquartered defense technology firm founded in 2021 that supplies AI software platforms for land, air, naval, and subsurface operations. The company integrates its systems with military hardware from partners like Rheinmetall for autonomous target detection, strike coordination, and reconnaissance. Key products include AI-enabled strike drones resistant to electronic warfare, underwater surveillance vehicles, and wingman pilots for fighter jets, deployed by European armed forces.
$13.8B
–
–
Jun 2025
5
Mistral AIMistral AI is a Paris-headquartered developer of open-source large language models outperforming GPT-3.5 benchmarks. The company releases models like Mistral 7B, Mixtral 8x7B with 46.7 percent MT-Bench scores, and Pixtral 12B for vision-language tasks. Enterprises deploy these via La Plateforme API supporting 80 billion parameter models for coding, translation, and summarization. Mistral AI partners with Microsoft Azure and NVIDIA for inference hardware. Founded in 2023, it serves clients in automotive and finance across Europe and the U.S.
$13.5B
$400M
33.6x
Sep 2025
6
CelonisCelonis is a Munich-headquartered software company that delivers process mining technology through its Execution Management System. The platform includes analytics tools, Celonis Studio for custom applications, and capabilities for strategy, planning, management, actions, and automation. It enables business executives to optimize operations across industries with clients such as Siemens, Deutsche Telekom, and PepsiCo. Celonis maintains offices in New York, London, and Tokyo.
$13.0B
$400M
32.5x
Aug 2022
7
Checkout.comCheckout.com is a global payment processor supporting transactions in over 150 currencies through a unified API. It delivers in-country acquiring across more than 50 countries, advanced fraud detection powered by machine learning, and comprehensive reporting dashboards. The platform accepts all major credit and debit cards alongside local methods such as iDEAL, Alipay, and Klarna. Checkout.com maintains offices in London, New York, Singapore, and 16 other locations worldwide. Launched in 2012, it serves enterprises like Sony, Revolut, and McDonald's with scalable infrastructure for high-volume payments.
$12.0B
–
–
Sep 2025
8
ElevenLabsElevenLabs is a London and Warsaw-headquartered AI company providing voice synthesis, cloning, dubbing, and generation tools. Its platform supports text-to-speech in over 29 languages, developer APIs for voice agents, and enterprise solutions for content localization. Features include instant voice cloning from short audio samples, emotional tone preservation, and audio editing capabilities used by creators and businesses worldwide.
$11.0B
$500M
22.0x
May 2026
9
OuraOura is a Helsinki-headquartered company founded in 2013 that manufactures the Oura Ring Gen3, a finger-worn sensor tracking heart rate, blood oxygen, temperature, and sleep stages. The companion app delivers readiness, activity, and recovery scores used by professional athletes and over 10 million app downloads worldwide. Available in the US, Europe, and Asia through direct sales and retailers like Best Buy.
$11.0B
$500M
22.0x
Oct 2025
10
Bending SpoonsBending Spoons is a Milan-headquartered technology company that acquires, develops, and scales mobile applications serving over a billion users globally. The firm owns Evernote for note-taking, Splice for video editing, Remini for AI photo enhancement, 8fit for fitness tracking, Issuu for digital publishing, Meetup for social events, StreamYard for live streaming, and WeTransfer for file sharing. Founded in 2013, Bending Spoons employs machine learning across its apps to personalize user experiences in productivity, creativity, and social tools. The company operates studios in cities including Copenhagen, New York, and Turin.
$11.0B
$1.2B
8.9x
Oct 2025
11
DAZN
$10.0B
$3.4B
2.9x
–
12
ION Group
$9.3B
$3.3B
2.8x
–
13
VintedVilnius-headquartered Vinted runs a peer-to-peer online marketplace for second-hand fashion, active in 20 countries across Europe and the United States. The platform facilitates buying, selling, and swapping clothing, accessories, and shoes for women, men, and children via mobile apps with chat and bundle discounts. Valued at over 4 billion euros, Vinted processes tens of millions of listings monthly and partners with payment providers like PayPal for secure transactions.
$9.3B
$1.3B
7.3x
Apr 2026
14
N26N26 is a Berlin-headquartered mobile bank operating in 24 European countries since 2013. It offers current accounts, international transfers via SEPA, investments through N26 Invest, and cash deposits at 40,000 partner retailers. The app supports Spaces sub-accounts, overdrafts up to €10,000, and cryptocurrency trading for personal and business users.
$9.0B
$506M
17.8x
Oct 2021
15
KrakenKraken is a London-headquartered customer engagement platform for energy, water, and broadband providers across Europe and North America. Its technology stack includes billing, CRM, self-service portals, and smart metering analytics to streamline operations. Kraken serves utilities like Octopus Energy and OVO, enabling net-zero transitions through demand response and EV charging management. The platform processes millions of customer interactions monthly, supporting regulatory compliance in deregulated markets.
$8.7B
$2.2B
3.9x
Dec 2025
16
WayveWayve is a London-headquartered AI company building end-to-end machine learning software for self-driving vehicles. Founded in 2017, the technology enables mapless navigation by learning from driving data to handle diverse urban environments. Wayve collaborates with automakers like Nissan and has testing operations in the UK and US.
$8.6B
–
–
Feb 2026
17
SumUpSumUp is a financial technology company providing card readers, point-of-sale systems, and merchant financial services targeted primarily at small businesses, independent merchants, and sole traders. Founded in Berlin in 2012 and now headquartered in London, the firm operates in more than 35 countries across Europe, the Americas, Australia, and beyond, offering portable card terminals alongside online payment processing, invoicing tools, e-commerce store builders, and business accounts with debit cards. SumUp positions itself as an integrated commerce platform for micro-merchants and competes with players such as Square, Stripe, and PayPal's Zettle.
$8.5B
$600M
14.2x
Jun 2022
18
BoltBolt is a Tallinn-headquartered mobility company founded in 2013 operating in 45 countries across Europe and Africa. It offers ride-hailing, car-sharing, scooter rentals, food delivery, and grocery services as alternatives to personal vehicle ownership.
$8.3B
–
–
Jan 2022
19
OdooOdoo is a Grand-Rosière-headquartered open-source suite of integrated business applications. Founded in 2005, it encompasses CRM, eCommerce, accounting, inventory, manufacturing, and HR modules that interconnect for streamlined operations. The platform powers small to large enterprises globally, with community and enterprise editions deployable on-premises or in the cloud.
$8.1B
$712M
11.3x
Jan 2026
20
PersonioPersonio is a comprehensive HR platform designed for small and medium-sized businesses throughout Europe. Founded in 2015 and headquartered in Munich, Germany, the company delivers integrated tools for recruiting, payroll processing, performance reviews, time tracking, and employee onboarding. It supports localized compliance in countries including Germany, France, the United Kingdom, Spain, the Netherlands, Austria, Switzerland, and Ireland. Personio connects with applications such as Microsoft Teams, Slack, and Google Workspace to streamline workflows. The platform processes payroll for over 1 million employees monthly and maintains ISO 27001 certification for data security.
$8.0B
$500M
16.0x
Jun 2022
21
THG IngenuityTHG Ingenuity is the technology division of THG plc powering the parent company's e-commerce ecosystem. Manchester-headquartered, it supplies a proprietary cloud platform handling site management, personalization, logistics, and payments for brands including Myprotein, Lookfantastic, and Dermstore. The service supports peak traffic exceeding one million orders daily across 160 countries, enabling scalable online retail operations.
$8.0B
–
–
May 2021
22
Global SwitchGlobal Switch is a carrier-neutral data center operator with 278,700 sq m of space across Europe and Asia-Pacific. Headquartered in London since 1998, the company runs flagship facilities in Sydney, Melbourne, Singapore, Hong Kong, Frankfurt, Amsterdam, and Paris, accommodating hyperscalers like AWS and Google Cloud. Its campuses provide up to 100 MW power capacity and direct connections to 500 networks.
$7.6B
$531M
14.4x
Jul 2018
23
FluidstackFluidStack delivers a leading AI cloud platform with supercomputing infrastructure for AI labs, governments, and enterprises, serving clients like Mistral, Meta, and Black Forest Labs.
$7.5B
$180M
41.7x
Jan 2026
24
Jetbrains
$7.0B
$400M
17.5x
–
25
LovableLovable is a Stockholm-based software platform that uses artificial intelligence to generate full-stack web applications from natural language descriptions. Launched in 2024, it supports building apps with built-in authentication, databases, and deployment to platforms like Vercel. The tool targets developers and non-technical users in sectors such as technology, finance, and healthcare, enabling rapid prototyping of customer-facing products like dashboards and e-commerce sites.
$6.6B
$200M
33.0x
Dec 2025
26
MollieMollie is a payment processing platform enabling seamless integration of methods like iDEAL, Bancontact, SOFORT, Giropay, PayPal, Mastercard, VISA, and SEPA Direct Debit into websites and apps via a unified API. Amsterdam-headquartered since its founding in 2004, the company simplifies online transactions for European merchants with reliable infrastructure.
$6.5B
$246M
26.4x
Jun 2021
27
DoctolibDoctolib is a Paris-headquartered online booking platform serving 80,000+ practitioners across France, Germany, Italy, and expanding regions. Patients book appointments 24/7 with GPs, dentists, and therapists via app or web. The software manages agendas, teleconsultations, and prescriptions, integrating with French and German health records. Founded in 2013, it handles 100 million annual appointments.
$6.4B
$400M
16.0x
Mar 2022
28
AlanAlan delivers digital health insurance services from Paris, France. The company supplies supplemental health coverage to businesses including telemedicine consultations, online claims processing, and mental health support. Alan serves small and medium enterprises across France with tailored group policies. Founded in 2016, it partners with medical networks for rapid reimbursements and preventive care programs.
$5.9B
$915M
6.4x
Mar 2026
29
RELEX SolutionsRELEX Solutions is a Helsinki-headquartered provider of AI-powered supply chain and retail planning software. Its unified platform optimizes demand forecasting, replenishment, and assortment for grocers like Morrisons, Coop Denmark, and Rossmann across 20 countries. With offices in North America and Europe, RELEX serves 300-plus retailers managing billions in annual sales.
$5.8B
–
–
Feb 2022
30
Back MarketBack Market is a Paris-headquartered online marketplace for refurbished smartphones, laptops, and appliances. Operating in 18 European countries plus the United States and Japan, it connects certified refurbishers with buyers, selling over 6 million devices since 2014. The platform guarantees two-year warranties and employs 700 staff across Paris, New York, and Berlin.
$5.7B
–
–
Jan 2022
31
LegoraLegora is a London-headquartered AI platform designed for legal professionals to review documents, perform research, and generate drafts. The tool automates contract analysis and case law searches while integrating with firm workflows for junior lawyers and partners. Founded in 2023, it emphasizes collaborative features that align with client-specific implementations across litigation and corporate practices.
$5.6B
$100M
56.0x
Apr 2026
32
ContentsquareContentsquare is a Paris-headquartered digital experience analytics platform leveraging AI to analyze customer behaviors, frustrations, and intent through session replays and heatmaps. The company empowers brands like IKEA, Marks & Spencer, and Leroy Merlin to optimize websites and apps for better conversion rates. Established in 2012, Contentsquare operates offices in New York, London, and Tel Aviv, processing billions of sessions annually to drive digital transformations.
$5.6B
–
–
Jul 2022
33
team.blueteam.blue is a Belgium-headquartered web hosting and cloud services provider operating across Europe. The company offers domain registration, shared hosting, VPS, and Microsoft 365 solutions under brands like Yourwebhoster and Combell. With data centers in Ghent and Amsterdam, team.blue supports small businesses with email services, website builders, and cybersecurity tools.
$5.5B
$862M
6.4x
Jul 2024
34
MambuMambu is a Berlin-headquartered SaaS cloud core banking platform enabling composable financial services for banks, fintechs, and retailers in 60 countries. Serving more than 200 clients, the modular architecture assembles lending, deposits, payments, and cards engines via open APIs for rapid product launches. Founded in 2011, Mambu powers digital banks like N26 and OakNorth with scalable infrastructure hosted on AWS.
$5.5B
–
–
Dec 2021
35
CollibraCollibra is a Brussels-headquartered data governance platform serving enterprises worldwide. Founded in 2008, it offers tools for data cataloging, lineage tracking, quality assessment, and compliance management to democratize data access. The platform integrates with Snowflake, Tableau, and Alation for business intelligence workflows. Collibra supports sectors like finance, healthcare, and manufacturing with clients including Barclays, AstraZeneca, and BNP Paribas. It maintains offices in New York, London, Sydney, and Tokyo following expansions since 2014.
$5.3B
$150M
35.0x
Nov 2021
36
MonzoMonzo is a London-headquartered digital bank serving customers in the United Kingdom and United States. The app provides current accounts, savings pots, overdrafts, and investment products with instant transaction notifications. Monzo issues Mastercard debit cards and offers joint accounts for shared budgeting. Expanded from prepaid cards in 2016, the bank holds a full UK banking license and operates branches in Cardiff and Manchester. Monzo integrates Open Banking APIs for seamless transfers from Barclays and Lloyds.
$5.2B
$1.2B
4.5x
May 2024
37
Blockchain.com
$5.2B
–
–
Mar 2021
38
n8nn8n is a Berlin-headquartered open-source workflow automation platform supporting over 500 app integrations for technical teams. The self-hostable tool enables drag-and-drop or code-based creation of AI agents using nodes for OpenAI, Hugging Face, and vector databases. n8n's cloud version processes enterprise-scale automations for DevOps, marketing, and data pipelines.
$5.2B
–
–
May 2026
39
Ineffable IntelligenceIneffable Intelligence builds machine learning systems that learn via reinforcement learning through interaction and experience in simulated or real environments. These systems form a superlearner capable of autonomous knowledge generation, adaptation, and problem-solving across domains.
$5.1B
–
–
Apr 2026
40
QontoQonto is a digital banking platform for European SMEs, freelancers, and startups, offering business accounts, cards, invoicing, and expense management via mobile app and web. It supports multi-currency transfers, SEPA payments, and integrations with accounting software like Xero and QuickBooks. Paris-headquartered, Qonto operates in France, Germany, Italy, Spain, and Belgium, holding banking licenses through partnerships with Solarisbank and Trees. Founded in 2017, the neobank serves over 450,000 businesses with real-time notifications and automated reconciliation.
$5.1B
$183M
27.7x
Apr 2022
41
ZepzZepz is a London-headquartered fintech operating WorldRemit and Sendwave brands for international money transfers. The platform serves customers in 50 countries, facilitating remittances to over 140 destinations in Europe, Asia, Africa, Australia, and the Americas. Recipients access funds via bank deposits, cash pickup at 25,000 locations, mobile wallets, or airtime top-ups. Zepz processed billions in transfer volume annually through its digital-first model.
$5.0B
$338M
14.8x
Aug 2021
42
SonarSonarSource is a Geneva-headquartered provider of code quality and security analysis tools. Its SonarQube platform scans applications in over 30 programming languages including Java, JavaScript, C++, and Python, integrating with CI/CD pipelines like Jenkins and GitHub Actions. Adopted by more than 400,000 organizations and Fortune 500 firms such as Cisco, Deutsche Bank, and Samsung, the open-source Community Edition and commercial Enterprise Edition detect 5,000+ coding rules to minimize vulnerabilities and technical debt.
$4.7B
$175M
26.9x
Apr 2022
43
PleoPleo is a Copenhagen-headquartered spend management platform founded in 2015 for European businesses. The app automates expense tracking, reporting, and approvals for teams, integrating with accounting software like Xero and QuickBooks. Available in multiple countries including the UK, Germany, and France, Pleo issues corporate cards and handles reimbursements for SMBs.
$4.7B
$100M
47.0x
Dec 2021
44
LendableLendable is a London-based peer-to-peer lending marketplace matching individual investors with personal loan borrowers in the United Kingdom. The platform processes applications in minutes without paperwork, funding loans from investor deposits.
$4.7B
$114M
40.8x
Mar 2022
45
Recursive SuperintelligenceRecursive Superintelligence is an AI research firm building systems that autonomously improve via recursive self-learning. Its frameworks automate the AI development lifecycle, including experiment design, model training, evaluation, and optimization in feedback loops. The technology reduces manual engineering for scalable applications in research, enterprise deployment, and data-driven settings.
$4.7B
–
–
May 2026
46
Modal LabsModal Labs is a Stockholm and New York-headquartered cloud platform for running machine learning workloads. Developers deploy models, parallel jobs, task queues, and web applications using Python code that automatically scales across GPU and CPU containers. The serverless infrastructure handles orchestration without manual DevOps.
$4.7B
$300M
15.5x
May 2026
47
wefoxwefox is a Berlin-headquartered insurtech platform that links insurers, brokers, businesses, and customers across Europe for digital policies in health, liability, and disability lines. Operating in Germany, Italy, Poland, and Switzerland, it provides policy management, claims processing, and instant quotes through a broker-focused model. The company serves over 700,000 customers via its app and web interface.
$4.6B
$850M
5.4x
Nov 2023
48
RapydRapyd is a London-headquartered fintech-as-a-service platform that allows businesses to embed payment acceptance, payouts, card issuing, foreign exchange, and business wallet capabilities into their products through a single API. Founded in 2016, the company operates a global network spanning more than 100 countries and connects local payment methods including cards, bank transfers, e-wallets, and cash. Rapyd has scaled rapidly through acquisitions of Valitor, Korta, and Neat, and serves marketplaces, e-commerce companies, gig economy platforms, and financial institutions that need cross-border payment infrastructure without building it in-house.
$4.5B
$1.0B
4.5x
Mar 2025
49
SorareSorare is a Paris-headquartered fantasy soccer platform using NFT collectible cards licensed from clubs like Manchester United, Bayern Munich, and FC Barcelona. Players build teams from over 300 clubs across 20 leagues to compete in weekly tournaments with Ethereum rewards. Founded in 2018, Sorare generated $1.8 million in card sales during December 2020 and expanded to MLB and NBA in 2022. The platform hosts 200,000 monthly active users globally.
$4.3B
$150M
28.7x
Sep 2021
50
PennylanePennylane is a cloud-based financial operations platform automating accounting, invoicing, and expense management for European SMEs. Paris-headquartered since 2019, it integrates bank feeds, payroll, and tax compliance tools from providers like Stripe and Qonto, serving over 200,000 businesses across France.
$4.3B
$115M
37.0x
Jan 2026
Data and methodology
Underlying data
Public markets data is powered by FactSet (consensus analyst estimates), and Morningstar (historical data). Data points are calendarized to December where relevant: retrieved data on financial year ends (e.g. FY, FY+1 etc.) are mapped to calendar years (2025A, 2026E etc.) before the appropriate month weights are then applied to prior/future fundamentals.
Private transaction data is multi-sourced, aggregated from harvesting public information, 3rd party APIs, and data engineering. All data is verified and provided with an extensive manual process. If data permits, we apply our own logic to get to the EV. For example, for a large M&A deal with available information on the target's net debt, we might adjust a valuation to fully reflect an accurate EV. In all other cases, we take the reported valuation as the numerator. Financials: we source LTM revenue and LTM EBITDA data from company filings, press releases, or other verified sources. If LTM data is unavailable, we take the 'next best-fit' period (run-rate or calendar year), provided it makes sense in a given case. For example, if a deal closed in November 2025, we might take full-year 2025 revenue as a revenue benchmark.
Any raw figures are harmonised to USD for comparison purposes.
This page is built on data available at Multiples. Sign up for a free trial to see the full dataset.
