Top startups in Europe

In the ever-evolving landscape of entrepreneurship, Europe continues to shine as a hub for innovation, fostering the growth of numerous startups across various industries. As we delve into 2024, we witness a wave of groundbreaking ventures making waves in technology, sustainability, healthcare, and beyond. Let’s explore in more depth some of the top startups that are reshaping Europe’s business landscape this year.

1. Kaluza (United Kingdom)

Sector: Energy & Sustainability

Kaluza stands as a pioneer in the energy sector, leveraging advanced technology to optimize energy usage and promote sustainability. The company’s innovative platform integrates renewable energy sources, smart devices, and data analytics to create a dynamic energy ecosystem. By empowering consumers to actively manage their energy consumption and reduce their carbon footprint, Kaluza is not only driving efficiency but also facilitating the transition towards a more sustainable energy future.

• Average salaries. Kaluza offers competitive salaries to its employees, with average annual salaries ranging from £40,000 to £100,000, depending on roles and experience levels.
• Average employees. Kaluza’s workforce comprises approximately 400 employees, including software engineers, energy analysts, and sustainability experts.
• Energy partnerships. Kaluza has formed partnerships with over 30 energy suppliers and utilities, facilitating the integration of renewable energy sources and smart grid technologies into the energy market.

2. Tier Mobility (Germany)

Sector: Transportation & Mobility

Tier Mobility is revolutionizing urban transportation with its fleet of electric scooters and bikes, providing convenient and eco-friendly mobility solutions. With a focus on last-mile transportation, Tier Mobility addresses the challenges of urban congestion and pollution, offering an alternative mode of travel that is efficient, cost-effective, and environmentally sustainable. By expanding its presence across Europe and investing in infrastructure and technology, Tier Mobility is reshaping the urban mobility landscape and promoting sustainable living in cities.

• Average salaries. Tier Mobility provides competitive wages to its employees, with average salaries for operations managers ranging from €40,000 to €70,000 annually.
• Average employees. Tier Mobility employs over 2,000 individuals, including mechanics, fleet managers, and customer support representatives, supporting its operations across multiple cities.
• Vehicle fleet. Tier Mobility operates a fleet of over 100,000 electric scooters and bikes, serving millions of riders in urban areas across Europe.

3. Graphcore (United Kingdom)

Sector: Artificial Intelligence & Semiconductor

Graphcore is at the forefront of AI hardware innovation, developing Intelligence Processing Units (IPUs) that deliver unprecedented performance for AI applications. With its highly parallel architecture and efficient processing capabilities, Graphcore’s IPUs accelerate complex AI algorithms, enabling faster training and inference times. From natural language processing to computer vision, Graphcore’s technology is driving advancements in AI across various industries, unlocking new possibilities for innovation and discovery.

• Average salaries. Graphcore offers competitive salaries to its employees, with average annual salaries ranging from £50,000 to £150,000, depending on roles and experience levels.
• Average employees. Graphcore’s workforce consists of approximately 800 employees, including hardware engineers, software developers, and AI researchers.
• Tech partnerships. Graphcore collaborates with leading tech companies and research institutions, including Microsoft and OpenAI, to advance AI hardware and accelerate innovation in AI-driven applications.

4. Northvolt (Sweden)

Sector: Clean Energy & Battery Technology

Northvolt is leading the charge in the clean energy revolution with its advanced lithium-ion battery technology. As the demand for energy storage solutions continues to grow, Northvolt’s high-performance batteries play a crucial role in enabling the widespread adoption of renewable energy sources. With its state-of-the-art manufacturing facilities and commitment to sustainability, Northvolt is driving innovation in energy storage, paving the way for a greener and more sustainable future.

• Average salaries. Northvolt provides competitive wages to its employees, with average salaries for chemical engineers ranging from SEK 500,000 to SEK 1,000,000 annually.
• Average employees. Northvolt employs over 3,000 individuals, including battery engineers, manufacturing technicians, and environmental specialists, supporting its operations across multiple battery factories.
• Battery production. Northvolt has the capacity to produce over 50 GWh of lithium-ion batteries annually, contributing to the electrification of transport and the transition to renewable energy.

5. ZOE (France)

Sector: Healthcare & Biotechnology

ZOE is revolutionizing personalized nutrition and health with its data-driven approach. By analyzing individual dietary habits, metabolic responses, and genetic factors, ZOE provides personalized insights and recommendations for optimal health and well-being. Through its innovative platform and partnerships with leading research institutions, ZOE is advancing the field of preventive healthcare, empowering individuals to take control of their health and make informed lifestyle choices.

• Average salaries. ZOE offers competitive salaries to its employees, with average annual salaries for data scientists ranging from €60,000 to €120,000.
• Average employees. ZOE’s workforce comprises approximately 200 employees, including nutritionists, biostatisticians, and software engineers.
• Research collaborations. ZOE collaborates with leading academic institutions, including King’s College London and Harvard University, to conduct large-scale studies on nutrition and health.

6. Mambu (Germany)

Sector: Fintech & Banking

Mambu is disrupting the traditional banking industry with its cloud-native banking platform, enabling financial institutions to innovate and adapt to the digital age. By offering scalable and flexible solutions for core banking operations, Mambu empowers banks and fintech startups to deliver personalized and innovative financial services to their customers. With its global reach and commitment to driving financial inclusion, Mambu is reshaping the future of banking, making financial services more accessible and affordable for all.

• Average salaries. Mambu provides competitive salaries to its employees, with average annual salaries ranging from €50,000 to €120,000, depending on roles and experience levels.
• Average employees. Mambu’s workforce consists of over 1,000 employees, including software developers, project managers, and compliance specialists.
• Client base. Mambu serves over 500 financial institutions worldwide, including banks, fintech startups, and credit unions, processing billions of euros in transactions annually.

7. Back Market (France)

Sector: E-commerce & Sustainability

Back Market is championing the circular economy with its marketplace for refurbished electronic devices. By refurbishing and reselling electronics, Back Market extends the lifespan of products and reduces electronic waste, contributing to environmental sustainability. With its commitment to quality and reliability, Back Market provides consumers with access to affordable and eco-friendly alternatives to new electronics, driving positive environmental impact while meeting consumer demand for sustainable products.

• Average salaries. Back Market offers competitive wages to its employees, with average salaries for customer service representatives ranging from €25,000 to €40,000 annually.
• Average employees. Back Market employs over 500 individuals, including e-commerce specialists, quality control inspectors, and sustainability experts.
• Product catalog. Back Market offers refurbished electronics across various categories, including smartphones, laptops, and gaming consoles, with thousands of products available on its platform.

8. BenevolentAI (United Kingdom)

Sector: Artificial Intelligence & Healthcare

BenevolentAI harnesses the power of artificial intelligence to accelerate drug discovery and development processes. By analyzing vast amounts of biomedical data, BenevolentAI identifies potential drug candidates and predicts their efficacy, speeding up the research and development cycle. With its innovative AI-driven approach, BenevolentAI is revolutionizing the pharmaceutical industry, bringing new treatments to market faster and improving patient outcomes.

• Average salaries. BenevolentAI offers competitive salaries to its employees, with average annual salaries ranging from £60,000 to £120,000, depending on roles and experience levels.
• Average employees. BenevolentAI employs approximately 600 professionals, including data scientists, biotech researchers, and software engineers.
• Funding. BenevolentAI has raised over $300 million in funding rounds, reflecting investor confidence in its AI-driven drug discovery platform and potential for disrupting the pharmaceutical industry.

9. Flink (Germany)

Sector: Grocery Delivery & Retail

Flink is disrupting the grocery delivery market with its ultra-fast delivery service for fresh groceries and household essentials. Leveraging a network of dark stores and advanced logistics technology, Flink promises delivery times in minutes rather than hours. They cater to consumers’ growing demand for convenience and immediacy. With its rapid expansion and focus on customer experience, Flink is redefining the grocery shopping experience and challenging traditional retail models.

• Average salaries. So Flink provides competitive wages to its employees. The average hourly wage for delivery drivers ranges indeed from €10 to €15. And salaries for warehouse staff average €30,000 to €40,000 annually.
• Average employees. Flink’s rapid expansion has led to a workforce of over 5,000 employees, including delivery drivers, warehouse workers, and administrative staff.
• Delivery speed. Flink boasts an average delivery time of just 10 to 15 minutes, significantly faster than traditional grocery delivery services, thanks to its network of dark stores strategically located in urban areas.

10. Papaya Global (Israel)

Sector: Human Resources & Payroll Management

Papaya Global offers a cloud-based platform for global payroll and workforce management, streamlining HR processes for multinational companies. With its automated payroll calculations, compliance monitoring, and employee self-service tools, Papaya Global simplifies the complexities of managing a global workforce. As businesses increasingly operate across borders, Papaya Global provides a scalable solution for efficient and compliant HR operations.

• Average salaries. So Papaya Global offers competitive salaries to its employees. The average annual salary ranges indeed from $50,000 to $150,000, depending on roles and experience levels.
• Average employees. Papaya Global’s workforce consists of approximately 300 employees, including HR specialists, software developers, and customer support representatives.
• Global reach. Papaya Global serves over 2,000 clients in more than 100 countries. So they process payroll for over 150,000 employees worldwide, highlighting their extensive global reach and scalability.

11. Glovo (Spain)

Sector: On-Demand Delivery & Logistics

Glovo is a leading on-demand delivery platform that offers a wide range of services. It includes food delivery, grocery delivery, and courier services. With its user-friendly app and extensive network of delivery partners, Glovo provides fast and convenient delivery solutions to customers across Europe and beyond. By partnering with local businesses and leveraging technology to optimize delivery routes, Glovo is reshaping the on-demand delivery industry and empowering businesses to reach more customers.

• Average salaries. Glovo offers competitive wages to its delivery partners. In fact, average earnings range from €8 to €15 per hour. But it depends on factors such as location and time of day.range
• Average employees. Glovo’s workforce exceeds 20,000 employees. Including delivery partners, customer service agents, and operations staff, reflecting its significant scale and operational capacity.
• Market presence. Glovo operates in over 900 cities across 23 countries. In fact, they have a strong presence in Europe, Latin America, and Africa, serving millions of customers with its on-demand delivery services.

12. N26 (Germany)

Sector: Fintech & Digital Banking

N26 is a digital bank that offers mobile banking services to customers across Europe. With its intuitive app and seamless user experience, N26 provides a modern alternative to traditional banking. From mobile payments to budgeting tools, N26 offers a range of features designed to simplify banking and empower customers to take control of their finances. With its rapid growth and focus on innovation, N26 is leading the way in the digital banking revolution.

• Average salaries. N26 offers competitive salaries to its employees, with average annual salaries ranging from €40,000 to €100,000, depending on roles and experience levels.
• Average employees. N26’s workforce consists of over 2,000 employees, including software engineers, product managers, and customer service representatives, supporting its global operations and customer base.
• User base. N26 boasts over 10 million customers worldwide, processing billions of euros in transactions annually, cementing its position as one of Europe’s leading digital banks.

Conclusion

So the startup ecosystem in Europe is thriving. These top startups are indeed leading the way in driving innovation and transformation across various industries. From energy sustainability to urban mobility and AI innovation to healthcare advancements. These startups exemplify the spirit of entrepreneurship and creativity that defines Europe’s business landscape in 2024. As they continue to push the boundaries of technology and sustainability, these startups are not only reshaping Europe’s economy. But also making a positive impact on society and the environment.

If you liked the article and are more interested in salary information, compensation and benefits packages, talent trends, and more… Check out our salary platform for free!