Two New Unicorns in One Day: A Milestone for European Tech

TLDR

• Nothing and Sana both reached unicorn status in the same week, backed by EQT Ventures.

Key Takeaways

• Nothing builds consumer hardware redefining device experiences; Sana focuses on knowledge management and AI for organizations.
• Both companies scaled to unicorn valuation while based in Europe, not Silicon Valley or Asia.
• EQT Ventures backed both early and continued scaling with them through the milestone.
• The firm frames these as proof that European founders can match global ecosystem pace and ambition.

Why It Matters

• Two portfolio companies hitting unicorn status on the same day is rare and signals concentrated momentum in European venture.
• Nothing and Sana operate in distinct categories (hardware vs. enterprise AI), suggesting the European ecosystem is diversified, not niche.
• EQT Ventures is explicitly doubling down on early-stage European conviction bets, not late-stage growth plays.

EQT Ventures · 2026-04-28 · Read the original