This week we saw two new unicorns emerged from Europe. For us, it was more than just valuations, it was a moment to celebrate the fierce and talented teams at Nothing and Sana, who continue to push boundaries and deliver world-class products.

Why It Matters

This isn’t just about two companies reaching unicorn status. It’s about the strength of the European tech ecosystem. These milestones highlight the unique combination of ambition, creativity, and resilience that defines Europe’s founders today. From building hardware that redefines consumer experiences to reimagining how organizations use knowledge and AI, these companies prove that world-class innovation can, and does, scale from Europe.

The Bigger Picture

Europe has sometimes been underestimated compared to Silicon Valley or Asia. But moments like this reinforce that the momentum is real:

• World-class founders with global ambition

• Products that resonate worldwide

• Teams capable of scaling at the same pace as any ecosystem globally

What’s Next

We see this as just the beginning. Europe has the talent, the ideas, and the infrastructure to build not just unicorns, but generation-defining companies. Our role at EQT Ventures is to stand shoulder-to-shoulder with these founders—backing them early, scaling with conviction, and helping them go all the way.

Let’s keep building, dreaming bigger, and proving that Europe has everything it takes to lead on the global stage.