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Top 100 Next Unicorns

Each year, Viva Technology publishes its "Top 100 Next Unicorns", a list of the 100 most promising scaleups in Europe. Those named are fast-growing tech companies with the potential to reach a valuation of $1 billion or more in the near future. So far, a third of the companies on VivaTech's top list for 2019 to 2023 have already become unicorns. One notable example is Pennylane, last year's winner in the FinTech category, which has achieved unicorn status this year.

 The Selection Process

The Selection Process

The list is compiled in partnership with the investment bank, GP Bullhound and with contributions from four of the world's leading investment funds: Accel, Eurazeo, NorthZone, and Partech.
The list of scaleups is based on the following criteria:
- Actual and potential growth
- Total funds raised
- Headcount growth
- Geographical distribution
- Their positive impact on society

 The Panel at VivaTech

The Panel at VivaTech

For the 10th year running, GP Bullhound will launch its annual Titans of Tech report during VivaTech, as part of a panel discussion highlighting growth trends in Europe's tech ecosystem. To find out more about trends in the European tech ecosystem in 2023, download here the study Titans of Tech 2023 - Building Blocks for the Next Wave.

This will be followed by a panel discussion with three CEOs of scaleups from the Top 100 Next Unicorns list.

More details on the Top 100

Global Graphs



Sources: Crunchbase


  • 16
    countries represented
  • €170M
    average amount of funds raised by each of these 100 scaleups
  • €16B
    total funds raised by these 100 scaleups
  • 1/3
    of the companies listed in VivaTech’s 2019 to 2023 Top lists have already become Unicorns to date

Our Partners

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