MAY 2024MARTECHOUTLOOK.COM8IN MY OPINIONEuropean tech companies raised more money in the first half of this year (43.8 bn) than in the whole of last year (38.5 bn), which means that we've already surpassed the all-time highs for the entire year. We have in total 762 unicorns across the globe, of which 111 are in Europe. Already, this year, we have 46 new unicorns on the continent, which is fascinating, and I believe this trend is going to continue.Data Shows Continuing GrowthOn average, so far this year, we get around one new unicorn per day. Around 90 unicorns during the period of the pandemic announced their IPO, and their total value stands at over $1 trillion. Yes, it is incredible, but even so, we could have expected and predicted it. 22% of US dollars were printed in 2020. The pandemic has also encouraged digitalisation and advancements in many sectors, including medtech, delivery services, cybersecurity, so investors simply have more quality startups to invest in. All of these factors will continue heating up the market as new companies continue to emerge and investors have significant amounts of money to use.More Fintech, Software and E-Commerce UnicornsDuring the pandemic, most new unicorns remain to be from the fintech, software, and e-commerce fields, and that's where Lithuania shines. Our country is especially By Audrius Milukas, Partner, Open Circle CapitalTHE BOOM IN UNICORN STARTUPS ISN'TT GOING ANYWHEREAudrius Milukas
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