View in article

Europe first built a reputation in consumer, but the rise of European SaaS has helped to transform the region's role in the global enterprise software market. In a year of so many milestones, 2020 also marks the year that the number of VC-backed $1B+ enterprise-focused European tech companies finally caught up with consumer. The count, as of report publication, stands at 53-54 with Pipedrive breaking the tie.

Number of $1B+ VC-backed European tech companies, enterprise versus consumer

Based on data up to 15 November 2020.