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US$1 billion unicorn companies analyzed their situation in Europe

US$1 billion unicorn companies analyzed their situation in Europe

The “unicorn” companies or startups This week they evaluated their entrepreneurship opportunities in Europe during a meeting with investment funds, in the so-called ‘Scaleup Series’ organized by the ‘South Summit’ platform and the IE University, both dedicated to the financial and business environment.

During the event, these “unicorn” companies, so called because they were created less than ten years ago and without being listed on the stock market or having been acquired by a third party, are worth at least US$ 1 billion, also analyzed the state of the sector in Europe.

The president of ‘South Summit’, María Benjumea, considered collaboration between the different categories of companies “fundamental” in order to create opportunities for startups in the sector.

Meanwhile, the economic vice president of IE University, Juan José Güemes, stated that these types of events allow “consolidating the entrepreneurial ecosystem European and learn from the experience” of other companies.

After its editions in Munich (Germany) and London, ‘Scaleup Series’ will soon be held in Paris (France) on March 5, in Milan (Italy) on April 11 and in Lisbon (Portugal) on April 18.

(With information from the EFE agency).

Source: Gestion

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