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Europe got 10 more unicorns in H1 2020 — but brace yourself for COVID-19 instability


The number of European unicorns increased during the first half of 2020, says PitchBook’s latest report. The aggregate valuation of current unicorns in the ecosystem rose, too. In total, Europe saw its unicorn count increase by 10 in H1 2020, bringing the total in the continent to 53. Even though this seems largely positive, PitchBook’s European VC Valuations Report: Q2 2020, notes that the rate of newly minted unicorns could cool down as it becomes increasingly difficult to capture growth opportunities in the current uncertain macroeconomic environment.  “Furthermore, valuations of numerous lossmaking late-stage startups could come under scrutiny as revenue…

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