Every year, Vivatech, one of the largest startup and technology events in Europe, publishes the list in cooperation with the investment bank GP Bullhound “Top 100 Next Unicorns”The two partners, with support from Accel, Eurazeo, Northzone, and Partech, are gathering 100 European startups with the potential to become the next unicorns. So far, about a third of the companies that made the list between 2019 and 2023 have already achieved unicorn status.
This year's potential unicorns come from 16 different countries, with the top three being the UK (22 startups), France (21 startups), and Germany (14 startups). AI is one of the most important sectors in this area, followed by SaaS and digital media. Among the 14 startups from Germany are two Munich-based companies: Avi Medical and Pricefx.
Avi Medical
Avi Medical operates modern, technology-supported general practice practices in Munich, Hamburg, and Berlin. Modern AI-supported technologies are used at several points. For example, the software recognizes the reason for the visit during the booking process, digital patient forms are used, and medical data is automatically transferred to the in-house platform. This is intended, among other things, to relieve doctors of administrative tasks and allow them to spend around 20 percent more time with patients than other general practitioners. The startup, founded in 2020 by Konux co-founder Vlad Lata and physician Julian Kley, recently raised €50 million in its Series B round, with an estimated valuation of €200 to €300 million. Avi Medical's total funding is approximately €88.5 million.
Pricefx
Pricefx Based in Pfaffenhofen an der Glonn near Munich, Pricefx offers cloud pricing software. An algorithm calculates the optimal price for products in online shops based on inventory levels, competitor prices, user data, and operating costs. The startup aims to make the sales process significantly faster and more successful. Founded in 2011, the company most recently secured around €57 million ($65 million) in 2020. At that time, the startup's valuation was between €236 million and €355 million. Pricefx's total funding is approximately €115 million.
By the way: Munich Startup and Munich Business, the economic development agency of the City of Munich, are sending a delegation of several startups to Vivatech. Anyone interested in participating can apply by March 22nd. You can find more information here.
