European founders who succeed in the US
American allure continues to capture all of European talent. Almost half of the new unicorns founded by European entrepreneurs are born in the United States, pushed by the lack of advanced local financing.
Many European-founded unicorns, or highly valued startups, are being built in the United States. According to a report by Dealroom, almost half of new unicorns founded by European entrepreneurs are based in the US, with the total value of these companies reaching $1.8 trillion. The report found that Stripe, founded by Irish brothers Patrick and John Collison, contributes $159 billion to this total, while Snowflake, Datadog, and Hugging Face also feature prominently.
The trend is driven by a lack of advanced local funding in Europe, with the US venture capital market being significantly larger, with $930 billion in funds compared to $150 billion in the EU.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
