Here we have detailed top five European Startups in 2022-2023. When it comes to some of the most innovative startups around the world, did you know that Europe happens to be a focal point? Guess you never did.
As a matter of fact, Tallinn, Estonia has been dubbed the new Silicon Valley, playing home to some of the biggest Tech startups whose products and services are used world over. Aside from Tech, Europe has also become the formation ground for amazing startups in segments such as Fintech, HR, agriculture and many others.
In this post, I would be beaming the spotlight on the top five European startups in the years 2022 and 2023. This list would cover basic information on what the startup is all about, how much funding it has raised from investors, the year it was formed, and a few other basic details.
Just as I already mentioned, there are hundreds of brilliant startups scattered across Europe; the five selected startups in this post were therefore influenced by their popularity and the real-life solution they offer through their products and services.
So you may want to grab a cup of coffee or just anything that works for you as I take you into the world of startups and innovations brewing out of Europe… and just before I get into it, I would be doing this pick from different industries. Guess that’s the only way to be fair to the different industries available
So, let’s get started with the very first on my list
Foodspring
Founders: Philipp Schrempp and Tobias Schule
Year of Establishment: 2013
Straight out of Germany is this premium fitness food and sports nutrition brand known as Foodspring. Formed in Berlin, Foodspring has held its ground as a provider of innovative food and sports nutrition; and through its online platform, it serves over sixty thousand unique visitors each month.
One thing we all know for sure is that consumption of junk food isn’t going to give us that healthy physique we dream of having. And so here comes Foodspring with its functional food products such as Protein Bar and Whey Protein.
Yeah! Protein Bar. Sounds all yummy right? I bet it does.
Investors also know this is a great product offering and one that would thrive. And so, Foodspring has raised over $6 million from investors in the last couple of years. The brand is also reported to cart a monthly sales revenue running into seven figures in dollars, and about $79 million yearly.
All of these have earned Foodspring a leadership status in the food and personal care segment in Europe and even in several other countries both in Europe and Asia.
Yieldify
Founders: Meelan and Jay Radia
Year of Establishment: 2013
At a time when it is just the norm for businesses to have their footprint on the internet, Yieldify is a European startup that is at the core of helping these businesses achieve more with their online presence.
Through its services, companies can breathe and also focus on their core business while Yieldify takes care of their website’s optimization. So these companies no longer need to worry about SEO and all of those web jargon once Yieldify is handed the wheels.
So, with Yieldify, businesses can increase their rate of converting mere website visitors into buyers; and that means more dollars in terms of company revenue. As proof that Yieldify’s value-proposition is worthwhile, major brands like L’Oreal, Domino’s Pizza and MEGABUS have beckoned on Yieldify at some point in their trajectory.
Yieldify is based in London, and from here, it has raised over $10 million from investors’ terms of funding. Just in the year 2022, this Startup recorded a revenue of about $9 million with well over 400 customers currently taking advantage of what it has to offer.
Push Doctor
Founders: Eren Ozagir, Matt Elcock
Year of Establishment: 2013
Alright, this wasn’t pre-planned, but Push Doctor was also formed in the year 2013 just as I have mentioned up there.
With growing concerns over the health conditions of both the young and elderly in Europe, one startup that is committed to premium healthcare delivery with a spice of digital innovation is Push Doctor.
On the Push Doctor online platform, the conventional method of having to travel to go sit before a doctor has been truncated. Now, consultations with medical practitioners can be done right in the comfort of the patient’s home by just being online on the platform.
Wondering what kind of medical workers interface with patients? The online consultation platform boasts competent and qualified NHS and GMC-accredited doctors from across the United Kingdom. These doctors offer face-to-face consultations with patients over a video interface, therefore providing a reasonable medical touch.
This innovative idea has no doubt increased access to medical practitioners without having to join a physical queue, and receive near-instant prescriptions and referrals. This Manchester-based startup has attracted investor funds worth several million dollars.
This high-performing European startup is not walking the path all by itself. It has a partnership with the NHS, and through this partnership, Push Doctor is delivering healthcare over an app to over five million individuals.
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Cognism
Founders: James Isilay and Stjepan Buljat
Year of Establishment: 2015
Every business knows that reaching the right leads can put a plug on the financial drain and so increase profit, and this right here is where Cognism steps in.
The AI-powered platform has been instrumental in the success of several sales teams. With Cognism, sales teams have access to impactful data on leads which can be converted into customers.
Cognism is a London-based SaaS (Software as a Service) company, and in just its short existence it has extended its presence into about seven countries.
But how exactly does Cognism work its magic?
Well, the company does it by utilizing a wide variety of data points available to it. This includes technographics and signals that it gathers from prospective customers across the web.
And since the hard job of sifting through huge data and profiles has been carried out by Cognism, revenue-generating teams in different companies can become more productive knowing that they are pitching to the right leads.
That’s no doubt a brilliant business idea…
So as regards investor funding, Cognism has raised over $39 million so far. In fact, in the early part of the year 2021, Cognism had such an outstanding performance as it reported about $1 million in its monthly revenue.
Now to the fifth on my list is
Divilo
Founder: Juan Guruceta
Year of Establishment: 2020
Stirring ripples in the fintech segment in Spain is the B2B startup called Divilo which has its services entrenched in providing seamless digital financial solutions. Without denial, Divilo’s broad spectrum of services has brought much disruption into the Spanish financial space.
So this is how things work with Divilo:
Once you register as a client on its platform, whether as an SME (Small and Medium scale Enterprise), self-employed individual or freelancer, you step into a borderless world of innovative financial services.
Yeah… while Divilo also has the regular traditional channels such as cards, the platform also allows you as a user to make payments, receive collections and do accounting right on your mobile phone. With Divilo, this range of services can be done using QR Codes and PINs.
Divilo has raised a total funding amount of about $7.3 million, it recently signed an agreement with AI-powered transaction monitoring firm, ThetaRay. This partnership would enable the startup cut down on the possibility of money laundering and financial crimes while using its digital platform.
And guess what… Divilo won the Capital Magazine Award for Fintech of the Year in 2022.
So there you have it guys… The top five European startups in 2022. These companies have proven that they aren’t out to conform to the norm, and so they have continued to push the boundary lines in their individual segments.
With 2023 just starting, with more ideas being worked on in different hubs and hearts, I guess we would have to wait to see if they can retain their leadership might in the different industries they represent.
