Britain leads Europe in tech, with 18 of 47 $1bn companies – report

More than a third of European ‘unicorns’, technology firms worth over $1bn, were founded in the UK, with Sweden in second place

Europe is a successful Unicorn ranch. The number of private technology companies valued north of $1bn – originally nicknamed after the mythical creature due to their supposed rareness – that are based in Europe has risen to 47, according to tech investment bank GP Bullhound.

The count is up by 10 in the past year, and the combined value of the companies on the list is now $130bn (£90bn).