This is a good indication of the sectors that are hot among investors, from biotech and defense tech to AI, AI, and AI.

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Twelve European startups achieved unicorn status (valuations over $1 billion) in the first half of 2025, spanning sectors from quantum computing and AI to biotech and defense tech. Notable new unicorns include IQM (quantum computers), Framer (no-code website builder), Lovable (AI coding), and several defense tech companies like Tekever and Quantum Systems. The funding activity indicates strong investor interest in AI, quantum technology, and dual-use applications.

More than 10 European startups became unicorns this year