Today a new report reveals that while a new generation of rocketship unicorns are breaking records for funding rounds and valuations in Europe, the early-stage funding pipeline is collapsing.

Announced today in London at global VC Antler’s European Founder Conference, the research analysed 760 unicorn founders, 4,129 Series A founders, and 81,055 funding rounds in Europe since 2000.

The conclusion is clear — rocketship unicorns are redefining what tech companies can achieve in Europe, but while we have now fixed Europe’s growth-funding problem, we have walked into an early-stage funding crisis.

Europe’s Rocketships, and the rise of Juggernauts

33 rocketship unicorns now exist in Europe – companies that were founded after 2020 and have achieved unicorn status.