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What makes a startup a Unicorn?

What is a "unicorn" startup?

The term unicorn usually describes startups that are valued at more than $1 billion.

How many unicorn companies are there in the world?

More than 580 new unicorn companies were formed in 2021 alone, according to PitchBook.

Globally, there are 1,343 active unicorn startups as of Sept. 1, 2023.

Why are startups called unicorns?

Venture capitalist Aileen Lee, the founder of Cowboy Ventures, coined the term "unicorn" in 2013 to describe billion-dollar US software companies. At the time, these startups were both rare and special: Lee counted just 39 companies that met her criteria in 2013, a list that included Facebook, LinkedIn, and Twitter.

Which country has the most unicorns?

The US has the most active unicorns of any country with 700 companies. There has been traction in the Southeast Asia region since 2020 towards the growth of Unicorns as well.

Global Unicorn Startups Numbers
Source: Pitchbook

*The information contained in this article is provided for educational purposes only, and should not be construed as advice on any subject matter.


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