Europe’s startup ecosystem has never been stronger. From AI-powered legal platforms valued at over $5 billion to immersion cooling companies reshaping how data centres operate, the continent’s fastest-growing private tech companies are building products that compete on a global stage.
The Scaling Europe 50 (SE50) ranking, published by Scaling Europe in partnership with Nebius and J.P. Morgan, identifies the 50 fastest-growing private technology companies across the continent. The ranking is built on verified revenue growth data powered by Dealroom, with year-on-year revenue growth between 2024 and 2025 as the primary metric.
The numbers are striking: 10 countries represented, a 500% median revenue growth rate, and $10 billion collectively raised across the 50 companies. The United Kingdom leads with 26 companies on the list, followed by France with 10 and Germany and Sweden with 4 each.
Here is a detailed look at every company on the list — what they do, who backs them, and why they made the cut.
1. Lovable
| Detail | Info |
|---|---|
| Country | 🇸🇪 Sweden |
| Revenue Growth | 27,900% |
| Total Raised | $552M |
| Employees | 185 |
| Stage | Late |
| Model | B2B |
| Sector | AI & Data |
Lovable is an AI-powered app builder that lets anyone create production-ready software using natural language prompts — a method the company calls “vibe coding.” Founded in Stockholm in 2023 by Anton Osika and Fabian Hedin, the platform evolved from an open-source project called GPT Engineer into one of the fastest-growing software companies ever recorded. Lovable reached $100 million in annual recurring revenue within eight months of launch, surpassing the early growth trajectories of OpenAI and Cursor.
The platform now serves over 2.3 million active users, with more than 100,000 projects created daily. Enterprise customers include Klarna, HubSpot, and Photoroom. Lovable closed a $200 million Series A led by Accel at a $1.8 billion valuation, and later reported reaching $200 million ARR with a valuation above $6 billion.
Key investors: Accel, Creandum, Visionaries Club, 20VC, Hummingbird Ventures
2. Light
| Detail | Info |
|---|---|
| Country | 🇩🇰 Denmark |
| Revenue Growth | 9,900% |
| Total Raised | $41M |
| Employees | 76 |
| Stage | Breakout |
| Model | B2B |
| Sector | Fintech |
Light is a Copenhagen-based AI-native finance platform that replaces legacy ERP systems for hypergrowth companies. Founded in 2022 by serial entrepreneur Jonathan Sanders, the platform automates multi-entity accounting, global payments, and expense management while processing 280 million records in under a second.
Light’s engineering team includes alumni from Spotify, Google, Klarna, AWS, and Shopify. Its customers include Lovable, Sana Labs, and Legora — companies that needed finance infrastructure capable of scaling at their speed. The platform partners with J.P. Morgan, Adyen, and BDO for enterprise-grade financial infrastructure.
Key investors: Balderton Capital, Atomico, Cherry Ventures, Seedcamp, Entrée Capital
3. Adfin
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 7,068% |
| Total Raised | $13.5M |
| Employees | 28 |
| Stage | Early |
| Model | B2B |
| Sector | Fintech |
Adfin is a UK-based fintech startup built to solve a deceptively simple problem: helping businesses get their invoices paid. Founded by Tom Pope (formerly of Tink, acquired by Visa) and Ciprian Diaconasu (12 years at Mambu), the platform combines invoice management with multi-channel payment collection across direct debit, open banking, card payments, Apple Pay, and Google Pay.
The platform uses agentic AI to automate payment chasing, adapt communication timing and tone to individual customer behaviours, and flag issues in real time. Adfin reports that its customers get paid seven times faster than the UK average. The company recently launched Adfin Protect, a chargeback protection feature for direct debit payments.
Key investors: Index Ventures, Visionaries Club
4. Legora
| Detail | Info |
|---|---|
| Country | 🇸🇪 Sweden |
| Revenue Growth | 4,204% |
| Total Raised | $816M |
| Employees | 400 |
| Stage | Late |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Legora (formerly Leya) is a collaborative AI platform for legal professionals. Founded in Stockholm in 2023 by Max Junestrand and Sigge Labor, the platform supports lawyers in research, document review, and drafting across complex matters. It serves over 800 law firms and in-house legal teams across 50+ markets, including Linklaters, Cleary Gottlieb, White & Case, and Deloitte.
Legora raised $550 million in a Series D round in March 2026 at a $5.55 billion valuation — its third raise in a single year. The company has grown from 40 to 400 team members and is expanding aggressively across the United States with offices in New York, Denver, Houston, and Chicago. Legora recently acquired Swedish legal research startup Qura to strengthen its AI-powered research capabilities.
Key investors: Accel, Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures, Y Combinator, Salesforce Ventures
5. Submer
| Detail | Info |
|---|---|
| Country | 🇪🇸 Spain |
| Revenue Growth | 2,654% |
| Total Raised | $109M |
| Employees | 149 |
| Stage | Late |
| Model | B2B |
| Sector | Climate & Energy |
Submer is a Barcelona-based immersion cooling company that submerges entire server racks in proprietary, biodegradable, non-conductive coolant to dramatically reduce data centre energy consumption. Founded in 2015 by Daniel Pope and Pol Valls Soler, the company has built partnerships with Dell, Supermicro, Intel, and other major server OEMs.
With the explosive growth of AI workloads pushing traditional air cooling to its limits, Submer’s technology has become increasingly critical. The company recently expanded into building its own liquid-cooled data centres, with a 56MW facility planned for Barcelona. It operates a Gigafactory in Houston, Texas and has R&D facilities in Taipei.
Key investors: M&G, Planet First Partners, Norrsken VC, Mundi Ventures
6. Kota
| Detail | Info |
|---|---|
| Country | 🇮🇪 Ireland |
| Revenue Growth | 1,406% |
| Total Raised | $22.5M |
| Employees | 23 |
| Stage | Breakout |
| Model | B2B |
| Sector | Fintech |
Kota is an Irish fintech startup building a modern employee benefits platform. The company helps businesses offer and manage pension, health insurance, life assurance, and other employee benefits through a single digital platform, replacing the fragmented broker-led model that dominates the market in Europe. Kota integrates directly with insurance and pension providers, and its clients include Remote.com, Zoe Health, and Carwow.
Key investors: Cocoa VC, EQT Ventures, Plug and Play, Northzone, Eurazeo
7. Tem
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 1,375% |
| Total Raised | $92M |
| Employees | 139 |
| Stage | Breakout |
| Model | B2B |
| Sector | Climate & Energy |
Tem is a UK-based energy company building new transaction infrastructure for the modern energy market. The company’s RED platform connects businesses directly with UK renewable energy generators — wind, solar, hydro — bypassing the traditional wholesale market to cut out hidden markups and middleman costs. Tem reports its customers save significantly on energy bills while generators earn more per megawatt. Over 3,000 sites across the UK now buy and sell energy through the RED network.
Key investors: Atomico, Albion VC, Revent
8. Nuclera
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 1,303% |
| Total Raised | $225M |
| Employees | 135 |
| Stage | Late |
| Model | B2B |
| Sector | Health & Bio |
Nuclera is a Cambridge-based biotech company developing desktop protein synthesis technology. The company’s eProtein platform enables researchers to produce custom proteins on demand in their own labs, removing the need for outsourced protein production and dramatically accelerating biological research timelines. With $225 million raised, Nuclera is one of the best-funded biotech startups in Europe.
9. Spore.Bio
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 1,149% |
| Total Raised | $35M |
| Employees | 63 |
| Stage | Breakout |
| Model | B2B |
| Sector | Health & Bio |
Spore.Bio is a French biotech startup developing rapid microbiological testing solutions. The company’s technology allows food and pharmaceutical manufacturers to detect microbial contamination in hours rather than the days typically required by traditional methods. This speed advantage translates directly into reduced waste, faster product release, and improved safety.
Key investors: Singular
10. Finary
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 1,082% |
| Total Raised | $41M |
| Employees | 119 |
| Stage | Breakout |
| Model | B2C |
| Sector | Fintech |
Finary is a French personal finance and wealth management platform that aggregates all your financial accounts — bank accounts, investment portfolios, real estate, crypto, and retirement funds — into a single dashboard. The platform gives users a real-time net worth overview and portfolio analytics, making it easier to track and optimise personal wealth without relying on a traditional financial advisor.
Key investors: Y Combinator, LocalGlobe, Speedinvest, Crowdcube
11. Tandem Health
| Detail | Info |
|---|---|
| Country | 🇸🇪 Sweden |
| Revenue Growth | 1,031% |
| Total Raised | $59.5M |
| Employees | 130 |
| Stage | Breakout |
| Model | B2B |
| Sector | Health & Bio |
Tandem Health is a Swedish healthtech startup building AI-powered tools for healthcare providers. The company focuses on streamlining clinical workflows and reducing administrative burden for medical professionals through intelligent automation. With 130 employees and nearly $60 million raised, Tandem Health is one of the fastest-growing healthtech companies in the Nordics.
Key investors: Visionaries Club, Joel Hellermark
12. Wordsmith
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 1,011% |
| Total Raised | $30M |
| Employees | 102 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Wordsmith is a UK-based AI startup developing enterprise writing and communication tools. The platform helps businesses create, manage, and optimise content at scale using AI, targeting teams that produce high volumes of written communication across marketing, sales, and customer support.
Key investors: General Catalyst, Index Ventures
13. Back Market
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 997% |
| Total Raised | $1,019M |
| Employees | 700 |
| Stage | Late |
| Model | B2C |
| Sector | Consumer & Commerce |
Back Market is a Paris-based marketplace for refurbished electronics. The platform connects consumers with certified refurbishers, offering smartphones, laptops, tablets, and other devices at significant discounts compared to new prices. With over $1 billion raised, Back Market is one of the largest players in the circular economy for consumer electronics and operates across Europe and North America.
14. Huzzle
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 980% |
| Total Raised | $5.8M |
| Employees | 30 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Huzzle is a UK-based startup building an AI-powered career platform that connects students and early-career professionals with relevant opportunities. The platform uses AI to match candidates with roles, events, and resources tailored to their skills and career interests, helping universities and employers streamline recruitment pipelines.
15. Bondio
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 935% |
| Total Raised | $1.8M |
| Employees | 11 |
| Stage | Early |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Bondio is an early-stage UK startup operating in the enterprise AI and SaaS space. With just 11 employees and $1.8 million raised, the company has achieved 935% revenue growth — a signal of strong product-market fit at the earliest stage of company building.
16. Timeleft
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 900% |
| Total Raised | $9M |
| Employees | 90 |
| Stage | Breakout |
| Model | B2C |
| Sector | Consumer & Commerce |
Timeleft is a French social dining platform that uses an algorithm to match strangers for dinner at local restaurants every Wednesday evening. The concept has expanded rapidly across dozens of cities worldwide, creating a viral social experience that blends community building with restaurant discovery. With $9 million raised and a 90-person team, Timeleft has proven that offline social experiences can scale digitally.
17. Fuse Energy
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 763% |
| Total Raised | $170M |
| Employees | 267 |
| Stage | Late |
| Model | B2C |
| Sector | Climate & Energy |
Fuse Energy is a UK-based energy supplier focused on providing affordable, technology-driven energy services to consumers. The company uses smart technology and data-driven pricing to offer competitive energy tariffs. With $170 million raised and 267 employees, Fuse Energy is one of the fastest-growing consumer energy companies in Europe.
Key investors: Accel, Creandum, Cocoa VC, Lakestar
18. Nothing
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | Undisclosed |
| Total Raised | $460M |
| Employees | 900 |
| Stage | Late |
| Model | B2C |
| Sector | Consumer & Commerce |
Nothing is a London-based consumer electronics company founded by Carl Pei, co-founder of OnePlus. The company designs smartphones, earbuds, and accessories with a distinctive transparent aesthetic that has built a cult following. Nothing’s products compete directly with Apple and Samsung in the premium smartphone market, and the company has rapidly expanded its hardware lineup since launching in 2020.
Key investors: EQT Ventures, Crowdcube
19. Dronamics
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | Undisclosed |
| Total Raised | $81M |
| Employees | 150 |
| Stage | Breakout |
| Model | B2B |
| Sector | Industrials & Mobility |
Dronamics is building the world’s first cargo drone airline for same-day delivery across long distances. The company’s large, fixed-wing drones are designed to carry up to 350 kg of cargo over distances of up to 2,500 km, enabling same-day middle-mile logistics at a fraction of the cost and carbon footprint of traditional air freight.
Key investors: Plug and Play, Grow London
20. Langdock
| Detail | Info |
|---|---|
| Country | 🇩🇪 Germany |
| Revenue Growth | 683% |
| Total Raised | $3.1M |
| Employees | 39 |
| Stage | Early |
| Model | B2B |
| Sector | AI & Data |
Langdock is a Berlin-based startup building an enterprise AI workspace that allows companies to use large language models securely with their own data. The platform supports multiple LLM providers and gives organisations control over data privacy, access permissions, and compliance — making it particularly attractive to European enterprises with strict data sovereignty requirements.
Key investors: General Catalyst, Y Combinator
21. Dwelly
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 653% |
| Total Raised | $42.4M |
| Employees | 56 |
| Stage | Breakout |
| Model | B2C |
| Sector | Industrials & Mobility |
Dwelly is a UK proptech startup building a platform for the rental housing market. The company focuses on improving the renting experience for tenants and landlords through technology-driven property management and search tools.
Key investors: General Catalyst
22. Lawhive
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 600% |
| Total Raised | $116M |
| Employees | 180 |
| Stage | Late |
| Model | B2C |
| Sector | Enterprise AI & SaaS |
Lawhive is a UK-based platform that uses AI to make legal services more accessible and affordable for consumers and small businesses. The platform connects users with solicitors and uses AI to streamline case management, document preparation, and legal advice delivery. With $116 million raised, Lawhive is one of the most well-funded consumer legaltech companies in Europe.
Key investors: Balderton Capital
23. Mistral AI
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 567% |
| Total Raised | $2,940M |
| Employees | 888 |
| Stage | Late |
| Model | B2B |
| Sector | AI & Data |
Mistral AI is Europe’s leading large language model company. Founded in Paris in 2023 by former Meta and Google DeepMind researchers, the company has quickly established itself as a direct competitor to OpenAI and Anthropic. Mistral offers both proprietary and open-source models, with its flagship Le Chat platform providing free access to Mistral Large.
The company recently raised $830 million in debt financing to build a data centre near Paris equipped with 13,800 Nvidia GB300 GPUs and 44MW of powered capacity. Mistral has also announced plans to invest more than $1.4 billion in digital infrastructure in Sweden. Its customers span enterprise, government, and defence — including a three-year contract with France’s Ministry of the Armed Forces.
Key investors: DST Global, Salesforce Ventures, LocalGlobe, Firstminute Capital
24. Tequipy
| Detail | Info |
|---|---|
| Country | 🇵🇱 Poland |
| Revenue Growth | 565% |
| Total Raised | $0.77M |
| Employees | 26 |
| Stage | Early |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Tequipy is a Polish early-stage startup in the enterprise AI and SaaS space. With under $1 million raised and 26 employees, the company has achieved 565% growth — making it the only Polish company on the SE50 ranking and a signal of the emerging strength of Poland’s startup ecosystem.
25. Newcleo
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 538% |
| Total Raised | $701M |
| Employees | 1,100 |
| Stage | Late |
| Model | B2B |
| Sector | Climate & Energy |
Newcleo is developing advanced nuclear reactor technology using lead-cooled fast reactors that can run on recycled nuclear waste. Founded to address the twin challenges of clean energy generation and nuclear waste reduction, the company has raised over $700 million and employs 1,100 people. Newcleo represents one of Europe’s biggest bets on next-generation nuclear as part of the continent’s energy transition.
26. Pivot
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 500% |
| Total Raised | $27M |
| Employees | 94 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Pivot is a French enterprise AI startup building tools that help businesses leverage artificial intelligence within their existing workflows. With $27 million raised and nearly 100 employees, the company is in a strong breakout phase.
Key investors: Visionaries Club, Cocoa VC, Speedinvest, Hanno Renner
27. Fyxer
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 500% |
| Total Raised | $40.5M |
| Employees | 60 |
| Stage | Breakout |
| Model | B2B |
| Sector | AI & Data |
Fyxer is a UK-based AI startup developing intelligent automation tools for business operations. The company focuses on using AI to handle repetitive operational tasks, freeing teams to focus on higher-value work. With $40.5 million raised and 500% growth, Fyxer is scaling rapidly.
Key investors: Lakestar
28. PolyAI
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 459% |
| Total Raised | $204M |
| Employees | 359 |
| Stage | Late |
| Model | B2B |
| Sector | AI & Data |
PolyAI is a London-based company building enterprise voice AI agents for customer service. Founded in 2017 by three Cambridge University PhD researchers — Nikola Mrkšić, Tsung-Hsien Wen, and Pei-Hao Su — the company creates voice assistants so natural that callers often do not realise they are speaking to a machine.
PolyAI serves over 100 enterprise clients across the US, UK, Europe, Asia, and Latin America, including FedEx, Marriott, and UniCredit. The platform supports 12+ languages and resolves up to 50% of customer service calls without human escalation. The company charges per minute of voice interaction and has grown ARR tenfold since 2022.
Key investors: Khosla Ventures, NVentures (Nvidia), Hedosophia, Grow London
29. n8n
| Detail | Info |
|---|---|
| Country | 🇩🇪 Germany |
| Revenue Growth | 456% |
| Total Raised | $254M |
| Employees | 859 |
| Stage | Late |
| Model | B2B |
| Sector | Enterprise AI & SaaS / AI & Data |
n8n is a Berlin-based AI workflow automation platform that lets teams build automated workflows using a visual drag-and-drop canvas with the option to add custom JavaScript or Python code. Founded in 2019 by Jan Oberhauser, the platform offers over 400 native integrations and has become the most-starred JavaScript project of 2025 on GitHub.
The company raised $180 million in a Series C round in October 2025 at a $2.5 billion valuation, led by Accel with participation from Nvidia’s NVentures and Deutsche Telekom. n8n now serves over 230,000 active users, with 75% using its AI capabilities. It competes directly with Zapier and Make while offering self-hosted deployment for organisations with strict data sovereignty needs.
Key investors: Accel, NVentures (Nvidia), Deutsche Telekom, Sequoia Capital, Firstminute Capital
30. Lassie
| Detail | Info |
|---|---|
| Country | 🇸🇪 Sweden |
| Revenue Growth | 435% |
| Total Raised | $114M |
| Employees | 124 |
| Stage | Late |
| Model | B2C |
| Sector | Fintech |
Lassie is a Swedish insurtech startup offering pet insurance through a digital-first platform. The company uses preventive health features and a modern mobile app to differentiate from traditional pet insurance providers. With $114 million raised, Lassie is one of Europe’s best-funded pet insurance startups.
Key investors: Balderton Capital, EQT Ventures
31. Exein
| Detail | Info |
|---|---|
| Country | 🇮🇹 Italy |
| Revenue Growth | 423% |
| Total Raised | $212M |
| Employees | 70 |
| Stage | Late |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Exein is an Italian cybersecurity startup specialising in firmware security and IoT device protection. The company’s platform provides runtime security for embedded systems and IoT devices, helping enterprises and critical infrastructure operators protect against firmware-level threats. With $212 million raised, Exein is Italy’s sole representative on the SE50 list.
Key investors: Balderton Capital, Lakestar
32. Zevero
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 400% |
| Total Raised | $14M |
| Employees | 57 |
| Stage | Early |
| Model | B2B |
| Sector | Climate & Energy |
Zevero is a UK-based climate tech startup helping businesses measure and reduce their carbon emissions. The platform provides automated carbon accounting and reporting tools, making it easier for companies to comply with evolving climate disclosure regulations and reduce their environmental footprint.
Key investors: Grow London
33. ZOE
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 389% |
| Total Raised | $106M |
| Employees | 419 |
| Stage | Late |
| Model | B2C |
| Sector | Health & Bio |
ZOE is a personalised nutrition company that uses continuous glucose monitors and gut microbiome testing to give users tailored dietary recommendations. Founded by scientists from King’s College London and Harvard, the platform has built one of the world’s largest nutrition science databases. ZOE gained widespread public recognition during the pandemic through its COVID symptom study and has since pivoted fully into consumer health.
Key investors: Balderton Capital, Crowdcube
34. Tracebit
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 364% |
| Total Raised | $25M |
| Employees | 33 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Tracebit is a UK-based cybersecurity startup specialising in cloud deception technology. The company deploys realistic decoy assets across cloud environments to detect attackers early, providing security teams with high-fidelity alerts that cut through the noise of traditional detection systems.
Key investors: Accel
35. Aikido Security
| Detail | Info |
|---|---|
| Country | 🇧🇪 Belgium |
| Revenue Growth | 360% |
| Total Raised | $85.3M |
| Employees | 190 |
| Stage | Late |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Aikido Security is a Belgian application security platform that consolidates multiple security scanning tools into a single dashboard for developers. The platform covers code analysis, dependency scanning, container security, and infrastructure as code scanning. Aikido is Belgium’s only representative on the SE50 list.
Key investors: Singular, DST Global
36. Asap.Work
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 347% |
| Total Raised | $18.5M |
| Employees | 270 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Asap.Work is a French enterprise staffing and workforce management platform that uses AI to match temporary workers with available shifts in real time. The platform targets industries with high temporary labour demand such as logistics, warehousing, and hospitality.
Key investors: Plug and Play, Speedinvest
37. MAGIC
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 345% |
| Total Raised | $9M |
| Employees | 18 |
| Stage | Breakout |
| Model | B2C |
| Sector | Health & Bio |
MAGIC is a UK-based consumer health startup operating in the health and biotech space. With just 18 employees and $9 million raised, the company has achieved 345% revenue growth in its breakout phase.
38. Cogna
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 343% |
| Total Raised | $20M |
| Employees | 75 |
| Stage | Breakout |
| Model | B2B |
| Sector | AI & Data |
Cogna is a UK-based AI startup developing intelligent data analysis tools for enterprises. The platform helps organisations extract actionable insights from complex data sets using AI-driven analytics and automation.
39. Omnea
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 324% |
| Total Raised | $75M |
| Employees | 163 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Omnea is a UK-based procurement automation platform that streamlines how businesses manage supplier relationships, contracts, and purchasing workflows. The company uses AI to automate procurement processes that are traditionally manual and time-consuming.
Key investors: Accel, Khosla Ventures, Joel Hellermark
40. Data & AI Literacy Academy
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 307% |
| Total Raised | $0.5M |
| Employees | 74 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Data & AI Literacy Academy provides corporate training and upskilling programmes focused on data literacy and AI competency. The company helps organisations build internal capabilities around data-driven decision making. With just $500,000 raised and 74 employees, the company has achieved over 300% growth — demonstrating that capital-efficient businesses can compete on the SE50 ranking.
Visit Data & AI Literacy Academy
41. LOW6
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 302% |
| Total Raised | $6.25M |
| Employees | 41 |
| Stage | Early |
| Model | B2B |
| Sector | Consumer & Commerce |
LOW6 is a UK-based sports engagement platform that provides free-to-play and pay-to-play prediction games for sports fans. The company works with sports teams, leagues, and media brands to drive fan engagement through gamification.
42. Curvestone AI
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 286% |
| Total Raised | $4M |
| Employees | 21 |
| Stage | Early |
| Model | B2B |
| Sector | Fintech / AI & Data |
Curvestone AI is a UK-based startup operating at the intersection of fintech and artificial intelligence. The company is in its early stage with $4 million raised and a small team of 21, making it one of the leanest companies on the list.
43. Lindus Health
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 283% |
| Total Raised | $80M |
| Employees | 202 |
| Stage | Breakout |
| Model | B2B |
| Sector | Health & Bio |
Lindus Health is a UK-based clinical trials company that provides end-to-end clinical trial management as a service. The platform combines technology with operational expertise to run trials faster and more efficiently, serving pharmaceutical companies, biotech startups, and medical device manufacturers.
Key investors: Visionaries Club, Creandum, Balderton Capital, Firstminute Capital, Seedcamp
44. Sunsave
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 271% |
| Total Raised | $30.6M |
| Employees | 52 |
| Stage | Breakout |
| Model | B2C |
| Sector | Climate & Energy |
Sunsave is a UK-based residential solar energy company that makes it easy for homeowners to install solar panels and battery storage. The company handles the full process from quote to installation and offers financing options that allow customers to go solar with no upfront cost.
Key investors: Plug and Play
45. Parloa
| Detail | Info |
|---|---|
| Country | 🇩🇪 Germany |
| Revenue Growth | 218% |
| Total Raised | $564M |
| Employees | 428 |
| Stage | Late |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Parloa is a Berlin-based AI platform for automating customer service interactions across voice and chat channels. The company’s conversational AI agents handle complex enterprise customer service workflows and integrate with major contact centre platforms. With $564 million raised, Parloa is one of the most well-capitalised enterprise AI companies in Germany.
Key investors: General Catalyst, EQT Ventures, Plug and Play, Hanno Renner
46. Attio
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | 204% |
| Total Raised | $140M |
| Employees | 147 |
| Stage | Late |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Attio is a London-based CRM platform designed as a modern alternative to Salesforce and HubSpot. The platform automatically enriches contact and company records with data from emails, calendars, and other connected tools, and offers a flexible data model that adapts to different business workflows rather than forcing teams into rigid structures.
Key investors: Balderton Capital, Redpoint
47. Encord
| Detail | Info |
|---|---|
| Country | 🇬🇧 United Kingdom |
| Revenue Growth | Undisclosed |
| Total Raised | $110M |
| Employees | 160 |
| Stage | Late |
| Model | B2B |
| Sector | AI & Data |
Encord is a London-based AI data platform that helps machine learning teams manage, annotate, and curate training data for computer vision models. The platform provides tools for labelling images and video at scale, managing data quality, and orchestrating annotation workflows — a critical bottleneck in building production AI systems.
Key investors: Y Combinator
48. Synthflow AI
| Detail | Info |
|---|---|
| Country | 🇩🇪 Germany |
| Revenue Growth | 150% |
| Total Raised | $29M |
| Employees | 72 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Synthflow AI is a German startup building a no-code platform for creating AI voice agents. The platform allows businesses to deploy conversational AI assistants for phone-based customer interactions without writing code, targeting small and mid-market companies that want voice AI but lack engineering resources.
Key investors: Accel, Singular
49. Prelude
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | 150% |
| Total Raised | $8M |
| Employees | 59 |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
Prelude is a French enterprise SaaS startup in the breakout phase. With $8 million raised and a 59-person team, the company has achieved 150% revenue growth as it scales its product offering.
Key investors: Singular, Seedcamp
50. GetVocal
| Detail | Info |
|---|---|
| Country | 🇫🇷 France |
| Revenue Growth | Undisclosed |
| Total Raised | $30M |
| Employees | — |
| Stage | Breakout |
| Model | B2B |
| Sector | Enterprise AI & SaaS |
GetVocal is a French startup building voice AI solutions for enterprise applications. The company is in the breakout stage with $30 million raised, positioning itself in the rapidly growing market for AI-powered voice agents.
Key investors: Creandum, Speedinvest
SE50 at a Glance: Key Takeaways
AI dominates the ranking. Enterprise AI & SaaS is the most represented sector, appearing in 20 of the 50 companies. Combined with the standalone AI & Data category, AI-focused companies make up over half the list.
The UK is Europe’s startup capital. With 26 companies — more than half the ranking — the United Kingdom remains the centre of gravity for European tech, followed by France (10), Germany (4), and Sweden (4).
Early-stage companies can compete. Companies like Bondio ($1.8M raised, 935% growth), Tequipy ($770K raised, 565% growth), and Data & AI Literacy Academy ($500K raised, 307% growth) prove that capital efficiency and explosive growth are not mutually exclusive.
Climate and energy is a breakthrough sector. Six companies on the list operate in Climate & Energy, including Submer (immersion cooling), Newcleo (advanced nuclear), Fuse Energy (consumer energy), and Sunsave (residential solar).
Voice AI is a recurring theme. PolyAI, Parloa, Synthflow AI, and GetVocal all build conversational voice agents — reflecting massive enterprise demand for AI-powered customer interactions.
Fintech remains strong but is evolving. The six fintech companies on the list — Light, Adfin, Kota, Finary, Lassie, and Curvestone AI — are less about disrupting banks and more about rebuilding specific financial workflows with AI at the core.
The Full SE50 Overview Table
| # | Company | Country | Sector | What They Build | Website |
|---|---|---|---|---|---|
| 1 | Lovable | 🇸🇪 Sweden | AI & Data | AI app builder for creating production-ready software via natural language prompts | lovable.dev |
| 2 | Light | 🇩🇰 Denmark | Fintech | AI-native finance platform replacing legacy ERPs for hypergrowth companies | light.inc |
| 3 | Adfin | 🇬🇧 United Kingdom | Fintech | AI-powered invoice payment and accounts receivable automation platform | adfin.com |
| 4 | Legora | 🇸🇪 Sweden | Enterprise AI & SaaS | Collaborative AI platform for legal research, review, and drafting | legora.ai |
| 5 | Submer | 🇪🇸 Spain | Climate & Energy | Immersion cooling technology and liquid-cooled data centre infrastructure | submer.com |
| 6 | Kota | 🇮🇪 Ireland | Fintech | Modern employee benefits platform for pension, health insurance, and more | kota.io |
| 7 | Tem | 🇬🇧 United Kingdom | Climate & Energy | Energy transaction platform connecting businesses directly with renewable generators | tem.energy |
| 8 | Nuclera | 🇬🇧 United Kingdom | Health & Bio | Desktop protein synthesis technology for on-demand research | nuclera.com |
| 9 | Spore.Bio | 🇫🇷 France | Health & Bio | Rapid microbiological testing for food and pharma manufacturers | spore.bio |
| 10 | Finary | 🇫🇷 France | Fintech | Personal finance dashboard aggregating all accounts and investments | finary.com |
| 11 | Tandem Health | 🇸🇪 Sweden | Health & Bio | AI-powered clinical workflow tools for healthcare providers | tandemhealth.se |
| 12 | Wordsmith | 🇬🇧 United Kingdom | Enterprise AI & SaaS | AI-driven enterprise writing and content management tools | wordsmith.ai |
| 13 | Back Market | 🇫🇷 France | Consumer & Commerce | Marketplace for certified refurbished electronics | backmarket.com |
| 14 | Huzzle | 🇬🇧 United Kingdom | Enterprise AI & SaaS | AI career matching platform for students and early-career professionals | huzzle.app |
| 15 | Bondio | 🇬🇧 United Kingdom | Enterprise AI & SaaS | Early-stage enterprise AI and SaaS platform | bondio.co |
| 16 | Timeleft | 🇫🇷 France | Consumer & Commerce | Social dining platform matching strangers for weekly dinners at restaurants | timeleft.com |
| 17 | Fuse Energy | 🇬🇧 United Kingdom | Climate & Energy | Technology-driven consumer energy supplier with smart pricing | fuse.energy |
| 18 | Nothing | 🇬🇧 United Kingdom | Consumer & Commerce | Consumer electronics brand designing smartphones, earbuds, and accessories | nothing.tech |
| 19 | Dronamics | 🇬🇧 United Kingdom | Industrials & Mobility | Cargo drone airline for same-day long-distance delivery | dronamics.com |
| 20 | Langdock | 🇩🇪 Germany | AI & Data | Secure enterprise AI workspace for using LLMs with company data | langdock.com |
| 21 | Dwelly | 🇬🇧 United Kingdom | Industrials & Mobility | Proptech platform improving the rental housing experience | dwelly.com |
| 22 | Lawhive | 🇬🇧 United Kingdom | Enterprise AI & SaaS | AI-powered platform making legal services accessible and affordable | lawhive.co.uk |
| 23 | Mistral AI | 🇫🇷 France | AI & Data | European frontier LLM company with open-source and proprietary models | mistral.ai |
| 24 | Tequipy | 🇵🇱 Poland | Enterprise AI & SaaS | Early-stage enterprise AI and SaaS startup | tequipy.com |
| 25 | Newcleo | 🇫🇷 France | Climate & Energy | Advanced lead-cooled nuclear reactors running on recycled waste | newcleo.com |
| 26 | Pivot | 🇫🇷 France | Enterprise AI & SaaS | Enterprise AI tools for integrating AI into business workflows | pivot.do |
| 27 | Fyxer | 🇬🇧 United Kingdom | AI & Data | AI-powered automation for repetitive business operations | fyxer.ai |
| 28 | PolyAI | 🇬🇧 United Kingdom | AI & Data | Enterprise voice AI agents for customer service automation | poly.ai |
| 29 | n8n | 🇩🇪 Germany | Enterprise AI & SaaS / AI & Data | Visual AI workflow automation platform with 400+ integrations | n8n.io |
| 30 | Lassie | 🇸🇪 Sweden | Fintech | Digital-first pet insurance with preventive health features | lfrfrsakring.se |
| 31 | Exein | 🇮🇹 Italy | Enterprise AI & SaaS | Firmware security and IoT device protection platform | exein.io |
| 32 | Zevero | 🇬🇧 United Kingdom | Climate & Energy | Automated carbon accounting and emissions reporting platform | zevero.earth |
| 33 | ZOE | 🇬🇧 United Kingdom | Health & Bio | Personalised nutrition using glucose monitors and microbiome testing | zoe.com |
| 34 | Tracebit | 🇬🇧 United Kingdom | Enterprise AI & SaaS | Cloud deception technology for early attacker detection | tracebit.com |
| 35 | Aikido Security | 🇧🇪 Belgium | Enterprise AI & SaaS | All-in-one application security scanning platform for developers | aikido.dev |
| 36 | Asap.Work | 🇫🇷 France | Enterprise AI & SaaS | AI-driven temporary staffing and workforce management | asap.work |
| 37 | MAGIC | 🇬🇧 United Kingdom | Health & Bio | Consumer health startup in biotech | magicai.com |
| 38 | Cogna | 🇬🇧 United Kingdom | AI & Data | AI-powered data analysis and enterprise insights platform | cogna.co |
| 39 | Omnea | 🇬🇧 United Kingdom | Enterprise AI & SaaS | AI-driven procurement automation and supplier management | omnea.co |
| 40 | Data & AI Literacy Academy | 🇬🇧 United Kingdom | Enterprise AI & SaaS | Corporate training for data literacy and AI upskilling | yourlearning.academy |
| 41 | LOW6 | 🇬🇧 United Kingdom | Consumer & Commerce | Sports fan engagement platform with prediction games | low6.com |
| 42 | Curvestone AI | 🇬🇧 United Kingdom | Fintech / AI & Data | AI-powered fintech tools | curvestone.ai |
| 43 | Lindus Health | 🇬🇧 United Kingdom | Health & Bio | End-to-end clinical trial management as a service | lindushealth.com |
| 44 | Sunsave | 🇬🇧 United Kingdom | Climate & Energy | Residential solar panel and battery storage installer | sunsave.energy |
| 45 | Parloa | 🇩🇪 Germany | Enterprise AI & SaaS | AI platform automating customer service across voice and chat | parloa.com |
| 46 | Attio | 🇬🇧 United Kingdom | Enterprise AI & SaaS | Modern CRM platform with flexible data model and auto-enrichment | attio.com |
| 47 | Encord | 🇬🇧 United Kingdom | AI & Data | AI data platform for training data management and annotation | encord.com |
| 48 | Synthflow AI | 🇩🇪 Germany | Enterprise AI & SaaS | No-code platform for building AI voice agents | synthflow.ai |
| 49 | Prelude | 🇫🇷 France | Enterprise AI & SaaS | Enterprise SaaS platform in breakout phase | prelude.co |
| 50 | GetVocal | 🇫🇷 France | Enterprise AI & SaaS | Voice AI solutions for enterprise applications | getvocal.ai |
About the Scaling Europe 50
The SE50 ranking is published annually by Scaling Europe and powered by Dealroom data. The primary ranking metric is year-on-year revenue growth between 2024 and 2025. Companies must be headquartered in Europe, operate as independent businesses, and report meaningful revenue in both years.
The ranking does not apply sector quotas or geographic balancing — the results reflect where the growth actually is.
This listing was compiled by StartGround using data from the Scaling Europe 50 ranking. For the full interactive ranking, methodology, and investor data, visit scalingeurope.co.uk.
