{"id":16057,"date":"2023-01-23T07:00:00","date_gmt":"2023-01-23T07:00:00","guid":{"rendered":"https:\/\/www.easyoffices.com\/blog\/?p=16057"},"modified":"2023-02-02T08:09:54","modified_gmt":"2023-02-02T08:09:54","slug":"countries-with-most-unicorn-companies","status":"publish","type":"post","link":"https:\/\/www.easyoffices.com\/blog\/startups\/countries-with-most-unicorn-companies","title":{"rendered":"Unicorn hotspots: industries and cities with the most billion-dollar startups"},"content":{"rendered":"\n

A unicorn is a startup valued at more than $1 billion without being listed on the stock market. To get an idea of how rare this is, only 1,191 unicorns exist globally across 48 countries, with the majority operating in just two.  <\/strong><\/p>\n\n\n\n

Aileen Lee coined the term in 2013. Back then, just 43 startups were valued at $1 billion or more. Today the number is 27 times higher, with at least 1,191 unicorns across the globe. Their collective value exceeds $3,853 billion and spans industries like fintech, AI, ecommerce and travel.<\/p>\n\n\n\n

With a value of $140 billion, TikTok parent company Bytedance is by far the world’s most impressive unicorn. Other well-known unicorns include Bolt, Jasper AI, Vinted, Webflow and OpenAI, makers of ChatGPT.<\/p>\n\n\n\n

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Most popular industries for billion-dollar startups<\/strong><\/h2>\n\n\n\n

These are the five sectors that have the highest number of unicorns.<\/p>\n\n\n\n

Industry<\/th>Number of unicorns globally<\/th>Most valuable startup in the sector<\/th><\/tr><\/thead>
Fintech<\/td>250<\/td>Stripe<\/td><\/tr>
Internet software & services<\/td>227<\/td>Canva<\/td><\/tr>
Ecommerce<\/td>108<\/td>Shein<\/td><\/tr>
Health<\/td>96<\/td>Devoted Health<\/td><\/tr>
AI<\/td>87<\/td>Bytedance<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Countries with the most unicorns <\/strong><\/h2>\n\n\n\n

Unicorn companies are spread globally. As the two largest economies in the world, with extensive funding pools and innovation capabilities, the United States and China account for the highest share, with 644 and 172 respectively.  <\/p>\n\n\n\n

Country<\/th>Number of Unicorns<\/th>Total Value ($ billion)<\/th><\/tr><\/thead>
United States<\/td>644<\/td>$2,074<\/td><\/tr>
China<\/td>172<\/td>$669<\/td><\/tr>
India<\/td>70<\/td>$202<\/td><\/tr>
United Kingdom<\/td>46<\/td>$207<\/td><\/tr>
Germany<\/td>29<\/td>$80<\/td><\/tr>
France<\/td>24<\/td>$58<\/td><\/tr>
Israel<\/td>22<\/td>$48<\/td><\/tr>
Canada<\/td>19<\/td>$49<\/td><\/tr>
Brazil<\/td>16<\/td>$39<\/td><\/tr>
South Korea<\/td>16<\/td>$33<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Cities with the most unicorns <\/strong><\/h2>\n\n\n\n

Silicon Valley is home to the most unicorns in the world, followed by Beijing and Bengaluru (Bangalore). India is home to the world’s third-largest startup ecosystem and is fast catching up to the US and China due to a massive increase in venture capital inflow.<\/p>\n\n\n\n

City<\/th>Number of Unicorns<\/th>Total Value ($ billion)<\/th><\/tr><\/thead>
San Francisco<\/td>169<\/td>$741<\/td><\/tr>
Beijing<\/td>62<\/td>$303<\/td><\/tr>
Bengaluru<\/td>31<\/td>$108<\/td><\/tr>
London<\/td>36<\/td>$189<\/td><\/tr>
Berlin<\/td>20<\/td>$45<\/td><\/tr>
Paris<\/td>19<\/td>$51<\/td><\/tr>
Tel Aviv<\/td>12<\/td>$26<\/td><\/tr>
Toronto<\/td>6<\/td>$13<\/td><\/tr>
Sao Paulo<\/td>12<\/td>$30<\/td><\/tr>
Seoul<\/td>15<\/td>$32<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Where to build a billion dollar startup<\/strong><\/h2>\n\n\n\n

San Francisco<\/strong><\/h3>\n\n\n\n
\"City<\/figure><\/div>\n\n\n\n