As of April 2023, approcimately half of unicorns worldwide were headquartered in North America. The two regions that hosted the fewest unicorns were Oceania, and Africa, with 8 and 4 unicorns based in each of these regions. Additionally, most of the highest valued unicorns globally were based in North America or Asia.
What are the world’s leading unicorn companies?
As of April 2023, the China-based tech company ByteDance was still the highest valued unicorn worldwide. This was followed by the U.S.-based SpaceX. The third place ranking is completed by ANT Group, a fintech giant based in China. Space X is the highest-valued unicorn in the U.S.. These three world leading startups are all valued at over 100 billion U.S. dollars.
Market valuations of unicorns
As of 2021, the finance and insurance sector, transportation and logistics, and technology and communication sectors proved the most promising for unicorns operating in these industries. Unicorns in these three sectors had a combined market value of over 1.2 trillion U.S. dollars, higher than the market values of unicorns in all other sectors put together. Similar to the regions with the highest number of unicorns, unicorns headquartered in Asia-Pacific and North America also had the highest cumulative market valuations.
Number of unicorns worldwide as of April 2023, by region
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A unicorn company is a privately owned startup that has a current valuation of one billion U.S. dollars or over. Once a company has gone public (IPO) or has been acquired it is no longer termed as a unicorn.
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Hurun Research Institute. (April 18, 2023). Number of unicorns worldwide as of April 2023, by region [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1092626/number-of-unicorns-in-the-world-by-region/
Hurun Research Institute. "Number of unicorns worldwide as of April 2023, by region." Chart. April 18, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1092626/number-of-unicorns-in-the-world-by-region/
Hurun Research Institute. (2023). Number of unicorns worldwide as of April 2023, by region. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1092626/number-of-unicorns-in-the-world-by-region/
Hurun Research Institute. "Number of Unicorns Worldwide as of April 2023, by Region." Statista, Statista Inc., 18 Apr 2023, https://www.statista.com/statistics/1092626/number-of-unicorns-in-the-world-by-region/
Hurun Research Institute, Number of unicorns worldwide as of April 2023, by region Statista, https://www.statista.com/statistics/1092626/number-of-unicorns-in-the-world-by-region/ (last visited July 03, 2024)
Number of unicorns worldwide as of April 2023, by region [Graph], Hurun Research Institute, April 18, 2023. [Online]. Available: https://www.statista.com/statistics/1092626/number-of-unicorns-in-the-world-by-region/