The Tech Tour Growth50 2025 Listing Points to Europe’s Deep Tech Potential
This year’s Growth50 companies historically raised an impressive €8.6 Billion [or €172 Million on average per company], of which 81% was raised just in the past 4 years, demonstrating the momentum of the Listing’s companies.
Today, Tech Tour announced the 2025 edition of the Tech Tour Growth50 Listing, as the prospect list of Europe’s future unicorns. The listing spotlights the European tech companies with the biggest growth potential. The Listing is deep tech heavy indicating the growth opportunities investors see in technology-driven companies. (See the Tech Tour Growth50 List below.)
Europe’s Deep Tech Potential Takes Center Stage
This edition engaged over 70 investors on the selection panel [see list here] which first nominated and then voted to compose the Listing. The Listing Progamme is presided by Falk Mueller-Veerse of Bryan, Garnier & Co and the selection panel technology tracks were led by Yves Maitre of Jolt Capital (Digital), Remy de Tonnac of ETF Partners (Sustainability) and Sebastien Woynar of LBO France (Health).
“So far, it is undisputed that it is primarily US companies that have attracted investments in a global market in an almost unlimited amount. Nevertheless, this year’s Tech TourGrowth50 list impressively shows that international investors are also looking very specifically at Europe and the respective market and technology leaders in a category. We see a remarkable number of European technology companies with high innovative strength that continue to be financed by increasingly selective investors,“ Falk Mueller-Veerse said. “Almost half of this year’s Top 50 companies are also not on the list for the first time. It is increasingly becoming a ‘the winner takes it all‘ situation in the various industry segments.“
– Falk Mueller-Veerse, Bryan Garnier & Co, President, 2025 Tech Tour Growth 50 Europe
The Growth50 List and Data [see report] reveal further positive trends and valuable insights into the European tech entrepreneurship and investment scene:
All tech tracks attract substantial investments showing the diversity of potential across sectors: The average funding raised by the Growth50 companies in Health, Sustainability or Digital is showing only moderate variation. The average historic amount raised by the companies in the Digital sector is €187 million, in Health it is €176 million, and in Sustainability the figure stands at €148 million. This demonstrates that growth investment is now crossing over to all tech tracks, particularly to “deep tech” spaces, such as new space, quantum computing, photonics, AI for health, biotech, green energy, climate tech or regenerative agriculture.
Close to €2 Billion more raised by companies on the 2025 list: Total funds historically raised by companies on this year’s list are €8.6 Billion, compared to €6.7 Billion for 2024 Growth50 companies (at the moment of selection). This demonstrates even stronger evidence of unicorn potential, as well as higher concentration of investor interest.
French companies almost double y/y, Germany and The Netherlands score high: France leads this year in the number of Growth50 companies with 13 representatives – nearly twice as many as last year’s 7 –followed by Germany with 9 companies and Netherlands with 8 companies. The UK and Switzerland also score high on the list each with 5 companies, demonstrating geographic weight of the Listing in Northwestern Europe.
German companies with a solid funding lead: German growth companies on the list demonstrate a robust history of funding, with close to €3.5bn in amount raised, almost double that of French companies and close to triple that of Dutch companies on the list.
EU Growth investors are still in short supply: Although 41% of the estimated number of Growth50 investors are still outside the EU and 23% outside Europe – mostly in the US (18%) – this share decreased from last year’s Listing, where it was over 49%. It appears that the efforts of EU sovereign investors, such as the European Innovation Council (EIC) and its EIC Fund, acting as cornerstone investors, are having a positive crowding in effect.
Sovereign investors back the highest number of companies: 12 out of 18 investors backing 4 or more companies on the List are sovereign investors, with the EIC leading far ahead with 18 companies on the Listing of 50.
Tech Tour alumni represent almost half of the Listing: There is also much reason for Tech Tour to be proud, as 24 out of the 50 companies on the Listing have previously been selected and participated in one or more other Tech Tour Investment Event Programmes.
The gender imbalance persists: Despite the significant public debate and awareness surrounding gender diversity, only 12% of the founders and senior executives in the Growth50 companies are women. Over 60% of the entrepreneurs are serial, indicating that experience and track record count for investors.
The Growth50 companies will convene in Paris at the Tech Tour Growth50 Europe Summit on March 4th, 2025 with the Selection Panel investors. The event is organized by Tech Tour and partnered by Stifel, Jolt Capital, Silverpeak, Euronext, J.P.Morgan, Switzerland Global Enterprise, the EIC Scaling Club, and is co-hosted by EuroQuity Bpifrance. The 3 Winners of the 2025 Tech Tour Growth Awards will be announced over the Awards Dinner.
For further information, please check Tech Tour Growth50 Europe 2025 or contact:
Iva Tchetinova itchetinova@techtour.com
Maya Filadska maya@techtour.com