The top 100 Unicorns Around the World

In the business and investment world, unicorn companies are privately-held startups with valuations of $1 billion, or more. The term unicorn refers to the rarity of such companies.

Just as a unicorn, a mythical creature, is not commonly found in the real world, a privately-held startup reaching a valuation of $1 billion or more is considered a rare and exceptional occurrence. Particularly back in 2013, when the term was initially coined, there were only a handful of startups with such valuations.

Nowadays, unicorns are still rare, though their numbers have grown significantly due to technological advancements and the surge in venture capital investments in tech startups.

According to the most recent data, as of July 2023, there are 1,219 unicorn companies worldwide. Even though they span various industries, the largest number of unicorns, by far, are involved in the technology industry in one way or another.

The majority of them are in software. However, there are a considerable number of fintech startups, as well as other tech-related sectors like biotech, artificial intelligence, ecommerce, and cybersecurity.

Unsurprisingly, the USA is the home to the largest number of unicorns, with 704 of them, followed by China, where 243 of the global unicorns are located.

The valuations of the companies above are as of July 2023.

• The total cumulative valuation of all 1,219 unicorns worldwide is $3.823 trillion. The top 100 unicorns account for 41.56% of this amount, with a total worth of $1.598 trillion.

• 30 of the top 100 unicorns are enterprise tech startups, 23 offer financial services, 17 are in the consumer & retail sector, 14 are industrials, 11 are in media & entertainment, and only five provide healthcare services.

• The USA is home to 58 of the top 100 unicorns, whose total cumulative valuation is $845 billion, or 52.88% of the total cumulative valuation of all top 100.

• 52 of the top 100 unicorns are also decacorns, or valued over $10 billion, and only two are hectocorns, or valued over $100 billion.

• As it stands right now, to enter the top 100 unicorns list, a startup needs to be evaluated at $6.52 billion.

So now you know what a unicorn is and why the term is so suitable for companies that achieve remarkable success. While they may not be mythical, unicorn companies are indeed extraordinary in their own right. High-flying startups have reshaped the business landscape with their innovation and success, elevating to a legendary status in the realm of entrepreneurship.

Sources:

• CBS Insights

• Statista

• Statista