What are Europe’s Top startup ecosystems by value in 2024?
- Valerie Charoux
- 2 days ago
- 6 min read
Startup News Europe – Here are Europe’s Top 10 startup ecosystems by value in 2024, as well as the number of unicorns per city, the salary of a software engineer per city, and who are the investors, according to the latest report by Startup Genome dated July 22nd, 2025:
Here are Europe’s Top 10 startup ecosystems by value in 2024:
1 – London
London ranks No. 1 Top startup ecosystem in Europe by value in 2024 with a valuation of 342 billion dollars.
How many unicorns does London have?
London has 67 unicorns
What is the salary of a software engineer in London in 2024?
The average salary of a software engineer in London in 2024 is 75,000 dollars.
Who are the investors in London’s startup ecosystem in 2024?
London-based startups attracted significant investments in 2024, with BMLL Technologies raising approximately $20.3 million in a Series B round and Zepz securing substantial funding, highlighting strong investor confidence in the city's startups.
The Arāya Super Angel Fund was established in March 2025 to back up to 60 innovative pre-seed and seed-stage startups over the next four years, with a focus on sectors including Healthtech, Fintech, Commerce, and the future of work.
London Tech Week 2025 was a key event that brought together innovators, investors, and industry leaders to showcase technological advancements and strengthen collaborations.
2 – Paris
Paris ranks 2nd Top startup ecosystem in Europe by value in 2024 with a valuation of 149 billion dollars.
How many unicorns does Paris have?
Paris has 38 unicorns
What is the salary of a software engineer in Paris in 2024?
The average salary of a software engineer in Paris in 2024 is 61,000 dollars.
Who are the investors in the Paris startup ecosystem in 2024?
VivaTech, Europe's premier tech and innovation conference held annually in Paris, brings together global startups, investors, and industry leaders, fostering cross-border collaboration, showcasing cutting-edge technologies, and accelerating growth across international startup ecosystems.
The Paris 2024 Olympics acted as a powerful accelerator for the city's startup ecosystem, providing platforms for innovation, facilitating economic opportunities, and enhancing Paris's reputation as a hub for entrepreneurial activity.
3 – Berlin
Berlin ranks 3rd Top startup ecosystem in Europe by value in 2024 with a valuation of 76.3 billion dollars.
How many unicorns does Berlin have?
Berlin has 20 unicorns
What is the salary of a software engineer in Berlin in 2024?
The average salary of a software engineer in Berlin in 2024 is 75,000 dollars.
Who are the investors in Berlin’s startup ecosystem in 2024?
A strong base of local and international VCs, including Earlybird, Project A, and HV Capital, fuel Berlin’s investment activity. HTGF is one of Germany’s most active early-stage investors, pouring funds into over 750 startups since its inception. The Opportunity Fund will launch with a fund volume of $720 million. The German government announced it will invest $13 billion into domestic startups by 2030, alongside private capital sources including Deutsche Bank and Allianz.
4 – Zurich
Zurich ranks 4th Top startup ecosystem in Europe by value in 2024 with a valuation of 43 billion dollars.
5 – Stockholm
Stockholm ranks 5th Top startup ecosystem in Europe by value in 2024 with a valuation of 30 billion dollars.
6 – Lausanne
Lausanne ranks 6th Top startup ecosystem in Europe by value in 2024 with a valuation of 15.8 billion dollars.
How many unicorns does Lausanne have?
Lausanne has 4 unicorns
What is the salary of a software engineer in Lausanne in 2024?
The average salary of a software engineer in Lausanne in 2024 is 132,500 dollars.
Who are the investors in Lausanne’s startup ecosystem in 2024?
The Greater Lausanne ecosystem is supported by eight innovation parks, including Trust Valley’s unitrust, which focuses on trust-based companies, and Biopôle, which hosts over 140 Life Sciences companies and more than 25 research groups. The Genolier Innovation Hub opened in September 2024, aiming to accelerate late-stage medical research and innovation.
7 - Porto
Porto ranks 7th Top startup ecosystem in Europe by value in 2024 with a valuation of 7.5 billion dollars.
How many unicorns does Porto have?
Porto has 2 unicorns
What is the salary of a software engineer in Porto in 2024?
The average salary of a software engineer in Porto in 2024 is 33,000 dollars.
Who are the investors in Porto’s startup ecosystem in 2024?
Recognizing Porto’s international attractiveness, the Financial Times’ European Cities of the Future ranked Porto once again as Europe's best large city for investment attraction. Additionally, Porto saw a 51% increase in total VC funding and an impressive 163% increase in median seed round from 2024 to 2025 – one of the few large European cities to see substantial funding growth over the past year.
Aligned with this trajectory, ScaleUp Porto - an initiative by the Porto City Council - plays a key role in reinforcing the city’s position as a European hub for entrepreneurship.
Central to this effort are flagship initiatives like Porto Tech and the SIM Conference. Porto Tech is reshaping the local tech landscape by cultivating community, collaboration, and innovation, empowering the next generation of founders through 30+ events that attracted over 6,000 attendees in 2024. The second edition of the SIM Conference (Startups & Investment Matching), held in May 2025, connected 3,500 entrepreneurs, including 400 startups and more than 230 investors, from all around the world.
8 – Valencia
Valencia ranks 8th Top startup ecosystem in Europe by value in 2024 with a valuation of 3.9 billion dollars.
How many unicorns does Valencia have?
Valencia has no unicorn.
What is the salary of a software engineer in Valencia in 2024?
The average salary of a software engineer in Valencia in 2024 is 41,000 dollars.
Who are the investors in the Valencia startup ecosystem in 2024?
In December 2024, Valencia City Council, through Valencia Innovation Capital, boosted seed-stage startup funding by 50% to €600,000, reinforcing its commitment to entrepreneurship.
Valenciaport launched its €6 million 5G network project in December, enhancing digital transformation and Smart Port development. Funded by European grants, it will provide secure connectivity for 25,000+ devices, including vehicles, sensors, and drones.
The Valencian Government will invest €2 billion in the 2025-2028 Reindustrialization Strategy, aiming to boost industry’s GDP share from 14.8% to 20% and attract over €10 billion in private investment.
9 – Turin, Italy
Turin ranks 9th Top startup ecosystem in Europe by value in 2024 with a valuation of 3 billion dollars.
How many unicorns does Turin have?
Turin has 1 unicorn.
What is the salary of a software engineer in Turin in 2024?
The average salary of a software engineer in Turin in 2024 is 42,500 dollars.
Who are the investors in the Turin startup ecosystem in 2024?
Newcleo is revolutionizing nuclear energy with a $144.4 million investment in Italy (2025-2027), including a cutting-edge R&D center in Turin. Partnering with the Italian Institute of Technology, this move strengthens Turin’s position as a hub for advanced tech innovation.
In 2024, Neva SGR launched two new funds: Neva II and Neva II Italia. The new funds, dedicated to investments in companies committed to providing business solutions to global problems, will have a final investment capacity of $565 million.
In October 2025, Turin will host Italian Tech Week, a leading tech conference where founders, investors, and global industry leaders come together to connect and grow. The event will reach new heights as Jeff Bezos, founder of Amazon and Blue Origin, headlines the conference.
10 – Budapest
Budapest ranks 10th Top startup ecosystem in Europe by value in 2024 with a valuation of 2.2 billion dollars.
How many unicorns does Budapest have?
Budapest has no unicorn.
What is the salary of a software engineer in Budapest in 2024?
The average salary of a software engineer in Turin in 2024 is 30,000 dollars.
Who are the investors in the Budapest startup ecosystem in 2024?
Budapest offers startups access to a variety of funding sources, including local VC firms and international investors. The National Research, Development and Innovation Office launched a series of programs from 2014 to 2025 aimed at developing the startup ecosystem. Among these is the 4th call of the Startup Factory program, where 11 incubators received investment-focused support for early-stage startups constituting a significant portion of Hungary's pre-seed financing ($14.3 million).
In 2025, $5.7 million of state funding will complement private funding aimed at Medtech innovation. A $28.5 million over three years seed matching fund will also launch in 2025.
