Europe's AI Agent Startups Surge: Record Growth and Investment in 2024
November 3, 2025
Lovable raised $200 million at a $1.8 billion valuation in July and is reportedly fielding offers around a $4 billion price tag, fueling 750% headcount growth to 85 employees.
Sana reached a $1.1 billion exit through acquisition by Workday in September, driving 240% headcount growth to 310 employees.
H Company in Paris grew 88% to 75 employees, founded by ex-DeepMind members in 2023, with a $220 million seed in 2024 and notable leadership changes since, illustrating volatility in early-stage AI startups.
Genesy AI in Barcelona grew 200% to 60 employees, developing AI sales agents with a €5 million funding round in January.
N8N in Berlin grew 250% to 175 employees after a high-profile $180 million Series C led by Accel, valuing the company at about $2.5 billion.
Light, a location-agnostic AI firm, expanded 89% to 51 employees as it builds an AI accounting platform and closed a €25 million Series A in September with investors including Atomico and Balderton.
Dust in Paris expanded 300% to 60 employees, building a platform for custom AI assistants, with a €15 million round raised in July 2024.
Legora secured a $150 million round five months after its Series B, maintaining a $1.8 billion valuation and achieving 607% headcount growth to 191 employees.
Europe’s AI agent startup scene is accelerating, with Sweden leading the pack in headcount growth among top firms.
Swap Commerce in London grew 120% to 212 employees, developing an agentic platform to optimize logistics and ecommerce, with a $40 million Series B in March.
Lovable, Legora, and Sana are among the fastest-growing by headcount in the past year, all based in the Stockholm metro area, signaling strong investor interest in agentic tools.
The sector is booming: AI agent startups have raised €5.2 billion so far this year, nearly double the €2.7 billion raised in all of 2024, per Sifted data, underscoring rising enterprise interest.
Salesforge in Tallinn rose 110% to 44 employees as it builds an autopilot for sales and is planning a €10–€20 million Series A soon.
Summary based on 1 source
