The European tech sector is growing five times faster than the rest of the economy

The number of tech start­ups valued at more than $1 billion has nearly tripled in Europe since 2014. A total of 84 young compa­nies are now among the so-called Unicorns. In the previous year alone, 21 compa­nies joined, inclu­ding three German firms: data analy­tics specia­list Celo­nis, online bank N26 and fashion retailer Abou­tYou. (Source: Report by GP Bull­hound, a consul­ting firm specia­li­zing in tech­no­logy invest­ments, acqui­si­ti­ons and mergers, on the growth of Euro­pe’s leading tech­no­logy companies).