The number of unicorns has increased dramatically amid a surge in venture capital investments, making 2021 a record year for privately held startup companies achieving unicorn status.
September 02, 2021 | Wendy Weng- US companies dominate the list of unicorns, while Indian startups have received more funding amid China’s crackdown on tech companies
- Fintech and internet software and services have produced the most unicorns
- As of 20 August 2021, 38 unicorns are valued at $10 billion or more, according to data from CB Insights
The year 2021 has witnessed an impressive expansion in the number of unicorns, or privately held startup companies valued at $1 billion or more. As of 20 August 2021, 801 unicorns exist around the world and their cumulative valuation amounts to $2.6 trillion, according to CB Insights. These unicorns are based in 41 countries and spread across 215 cities. Out of the 801 unicorn companies, 316 reached unicorn status between 1 January and 20 August 2021.
The venture capital investments in startups are booming this year, which led to a growing number of new unicorns. According to CB Insights, startups globally raised $292.4 billion in the first half of 2021, up by 140% from the same period last year. There were 249 new unicorns created in the first half of 2021, in comparison 2020 only produced a total of 128 new unicorns.
US companies dominate the list of unicorns
The US has the highest number of unicorns at 402 as of 20 August 2021, followed by China (158), India (40), and the UK (31). In the first eight months of 2021, the US has already added 184 new unicorns, which accounted for 58.2% of the 316 new unicorns globally. China only accounted for 8.5% of the 316 new unicorns, although 19.7% of all current unicorns globally are from China. China’s crackdown on tech firms led to a shift in global investmen...
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Keywords:Unicorns, Startups, Capital Investment, Market Valuation, Growth, Net Income
