Startup Insight

Best Startups In Europe 2024

Jun 1, 2024 | By Startup Rise EU

Europe's startup scene is thriving, and the world will see a boom in key sectors in Europe. Healthcare, fintech, automotive, information technology, artificial intelligence, and renewable energy are some of the key sectors in which startups are thriving. In this article, we will discuss some of the top startups in these sectors, which are the thriving startup companies in Europe in 2024.

BEST STARTUPS IN EUROPE

Europe's startup scene is thriving, and the world will see a boom in key sectors in Europe. Healthcare, fintech, automotive, information technology, artificial intelligence, and renewable energy are some of the key sectors in which startups are thriving. In this article, we will discuss some of the top startups in these sectors, which are the thriving startup companies in Europe in 2024.

SUMMARY

  • The United Kingdom is the best place for startups in Europe.
  • Healthcare and renewable energy are the booming startups in Europe.
  • London has the most successful startups in Europe.

HEALTHCARE

MindMaze

MindMaze was founded in 2012 by Tej Tadi, Ph.D. The company is based in Lausanne, Switzerland, and is a leading healthcare startup in Europe known for its work in digital neurotherapeutics. MindMaze provides a platform for neurorehabilitation and brain function recovery after injuries, strokes, and similar conditions.

The platform is available in over twenty countries and supports thousands of patients with neurological diseases. It allows patients to receive advanced neurorehabilitation safely and comfortably at home. MindMaze's virtual reality products, managed by healthcare experts, help patients recover brain function and return to a normal life. It is widely used for rehabilitation after traumatic brain injury and stroke, as well as for Alzheimer's, Parkinson's, and various phobias. MindMaze is one of Europe's top healthcare technology companies.

Onera Health

Onera (Monitoring Equipment) was founded in 2017 by Ruben de Francisco, PhD, Andrew DeGuilio, Peter Ermers, Hartmut Schneider, MD, Soukaina Adenane, and Raphael Michel. The company is based in Eindhoven, the Netherlands. The founders of Onera Health believe their innovation is the future of sleep medicine. The app aims to analyse sleep quality and gradually improve it. One in five people has trouble sleeping. Over the past 30 years, digital technology has merged home and work life together, greatly increasing the likelihood of being sleep deprived.

RECOMMENDED FOR YOU

recomd
Startup Insight
Future Business Opportunities in Europe 2025
Startup Rise EU
May 4, 2024
recomd
Startup Insight
Top 10 VR Startups in Europe 
Startup Rise EU
Nov 4, 2023
recomd
Startup Insight
Top 10 Health-Tech Startups in Norway
Team SR
Jan 12, 2024

Onera Health is a pioneer in transforming sleep medicine and remote monitoring. Their breakthrough clinical solutions and services aim to help millions of people suffering from sleep-related problems and other chronic conditions and have improved the health and quality of life of patients worldwide. The company's innovative solutions give clinicians comprehensive sleep test data in a variety of settings to optimise patient care and reduce healthcare costs.

Onera is different from other digital health startups focused on sleep problems because it can replace some intimidating exams and lab tests. It is one of the best startups in Europe for 2024.

AUTOMOTIVE

Lightyear

Lightyear is a solar electric car startup started in 2016 in Helmond, Noord-Brabant, the Netherlands, by Arjo van der Ham, Koen van Ham, Lex Hoefsloot, Martin Lamers, and Curie Bivenga.

They are developing a solar-energy-efficient car platform. Through innovation, dedication, and courage, they are shaping the future. Their idea is simple: they want to provide clean, renewable mobility for everyone. They are working hard to overcome countless obstacles to make it a reality.

Volta Trucks

Started in 2019 by Carl-Magnus Nordén and Kjell Wallön in Stockholm, Sweden. Volta Trucks is an electric vehicle manufacturer focused on building sustainable cities.

They are building a fully electric truck designed for use in cities and urban areas. With no tailpipe emissions and no engine noise, they completely redesigned the cabin to prioritise the driver. The driver's seat is in the middle, and the cab is lowered to improve the driver's view and allow for easy access from both sides with sliding doors. They are reinventing the design of urban trucks.

RENEWABLE ENERGY

Schneider Electric

Founded in Île-de-France in 1836 by Emmanuel Lagarrigue and Joseph Eugene Schneider, Schneider Electric designs and builds appliances to help save energy. Their mission is to work for sustainability and efficiency.

They drive digital transformation by combining leading process and energy technologies with products, controls, software, and services that connect from the endpoint to the cloud. This integration supports the entire lifecycle of homes, buildings, data centres, infrastructure, and industries, allowing for seamless company management. They are a truly global company with a strong local presence. A supporter of open standards and partnerships, they are passionate about their meaningful purpose, inclusive culture, and empowering values.

Lumenaza

Lumenaza, founded in 2013 by Christian Chudoba, Hong Thieu, Bernhard Böhmer, and Oliver March, is based in Berlin, Germany.

They provide a software-as-a service solution that helps green utilities start, grow, and evolve their businesses. Their powerful platform connects producers and consumers of green energy. It monitors renewable power plants of all sizes, manages balancing groups, and provides real-time energy management data, allowing clients to expand their businesses while reducing time-to-market and costs.

INFORMATION TECHNOLOGY

Celonis

Founded in 2011 in Munich, Germany, by Alexander Reinke, Bastian Nominacher, and Martin Klenk.

Celonis is a fast-growing software company that develops solutions to improve business performance through improved process execution. Celonis has helped more than 1,350 of the world's largest companies maximise their business value while minimising waste. Their Process Intelligence Platform creates a living digital twin of end-to-end processes using data from existing systems. It provides a common understanding of business operations, visibility of hidden value, and the ability to capture it.

Personio

Founded in 2015 in Munich, Germany, by Arseniy Vershinin, Hanno Renner, Ignaz Forstmeyer, and Roman Schumacher, Personio is a cloud-based human resources management and recruiting platform.

It provides employers with tools to attract, track, and build effective teams. Personio's all-in-one software streamlines HR processes, allowing organisations to focus on what's important. Their expertise is valued by HR teams and businesses, helping them understand the factors shaping the world of work.

FINTECH

Revolut

Revolut was founded in 2013 by Nikolay Storonsky and Vladislav Yatsenko and is headquartered in London, United Kingdom. It has become Europe's most valuable fintech company.

Since 2015, Revolut has redefined mobile banking with services such as international money transfers, various currency exchange options, commission-free stock trading, and cryptocurrency transactions. Revolut has expanded globally to markets such as the United States and Japan, with a valuation of $33 billion in July 2021. Despite valuation concerns, Revolut continues to disrupt traditional banking with innovative financial solutions. Their mission is to give people more from their money—more visibility, control, and freedom. They have helped over 40 million customers and continue to grow rapidly, with a team of over 10,000 people working around the world.

Rapyd

Founded in 2015, Rapyd Financial Network was founded by Eric Shtilman, Arkady Karpman, and Omer Preil, headquartered in London, United Kingdom.

Rapyd is a global payment network and fintech platform that offers a full suite of integrated payment, commerce, and financial services that can be seamlessly integrated into any application. It stands out as a fintech innovator specialising in global payment services, facilitating cross-border payments through various methods such as bank transfers, cards, digital wallets, and cash. Operating in over 190 countries, Rapyd aims to simplify financial transactions and reduce costs. Its growth path has been marked by strategic acquisitions in Asia and Europe, strengthening its global payment network.

ARTIFICIAL INTELLIGENCE

Mistral AI

Founded in 2023 by Arthur Mensch, Guillaume Lampl, and Timothée Lacroix, Mistral AI is headquartered in Paris, France. It is a French company that develops open-source artificial intelligence models with the aim of creating a secure artificial general intelligence accessible to all users.

Their customisable and compute-efficient large language models are built through a community-driven development approach, enabling customers to harness the power of AI without needing to build and manage their own models. Mistral AI specialises in fast, open-source, and secure language models tailored to various business use cases using private data and user feedback. With a world-class team based in Europe, they target a global market. Mistral AI's latest and most powerful model, Mistral Large, is now integrated into the Snowflake Data Cloud, allowing customers to securely use General AI with their enterprise data and accelerate application development.

Synthesia

Founded in 2017 by Victor Riparbelli, Stephane Terrild, Matthias Niessner, and Lourdes Agapito, Synthesia is headquartered in London. It is a synthetic media generation platform that uses AI to democratise video creation.

Users can create talking head videos or avatars by inputting text and a short sample video of an actor. Founded by a team of AI researchers and entrepreneurs, Synthesia's general AI tools aim to empower users to create video content without the need for a camera, microphone, or studio. It revolutionises the content creation process, boosting human creativity. Synthesia is rated as the top AI video communication platform, with thousands of companies using it to create videos in 130 languages, saving them 80% of time and budget. Its user base includes well-known companies such as Amazon, Tiffany & Co., IHG Hotels & Resorts, Reuters, Accenture, and the BBC. The company achieved a valuation of over US$1 billion in June 2023, earning it unicorn status.

Conclusion

Europe's startups are touching the new millennium. Every day, new startups are emerging across industries and bringing forth new ideas. Europe is home to some interesting, transformative, and incredible startups. Every sector has incredible startup ideas that are doing well in their field. 2024 will have the best European startups the world has ever seen.

FAQs

Which country is the best for startups in Europe?

The United Kingdom is the best place for startups in Europe.

Which sector is booming for startups in Europe?

Healthcare and renewable energy are the booming startups in Europe.

Which city has the most successful startups in Europe?

London has the most successful startups in Europe.

Recommended Stories for You

story
Startup Insight

Future Business Opportunities in Europe 2025

Startup Rise EU May 4, 2024

story
Startup Insight

Top AR startups in Europe 

Startup Rise EU Nov 1, 2023

story
Startup Insight

Top 10 Fintech Startups in Netherland

Team SR Dec 26, 2023

story
Startup Insight

Top 10 Mutual Fund Startups in Europe 

Team SR Dec 2, 2023

story
Startup Insight

Top 10 Semiconductor Manufacturing Companies in Europe

Team SR Nov 4, 2023

story
Startup Insight

Top 10 Robotics Startups in Europe

Startup Rise EU Nov 4, 2023