Unicorn start-ups are businesses which are independently owned and valued at over $1 billion. Known as ‘unicorns’ for their rarity, there are currently only 750 such businesses in the world according to cbinsights.com.
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Interested in finding out more about these businesses, Money.co.uk set out to find out which countries, and sectors, produce the start-ups that reach a $1 billion valuation fastest by analysing every unicorn company’s start date and the date of its $1 billion valuation.
USA: The Fourth Best Country For Unicorn Start-Ups
Money.co.uk can reveal that the USA is the joint fourth best country in the world for unicorn start-ups. With 378 businesses currently valued at over $1 billion, it has taken Japan’s unicorn businesses an average of 6 years and 11 months to reach the valuation of $1 billion.
For more information about the USA’s unicorn businesses, please see the spreadsheet in the Dropbox folder linked below titled ‘Money.co.uk Unicorn Businesses – Countries’.
Countries Overview:
China Leads The World Of Unicorn Start-Ups
The country that produces the start-ups which reach a $1 billion valuation fastest is China, with its 155 unicorn companies taking an average of just 5 years and 10 months to reach $1 billion.
The second fastest country for unicorn businesses to reach $1 billion is Hong Kong, whose businesses take an average of 6 years and 1 month, followed by Japan’s which take an average of 6 years and 3 months.
Fourth spot is taken by the USA, Singapore, and Australia, whose unicorn companies all took an average of 6 years and 11 months to reach $1 billion.
The country that produces the most unicorn businesses is the USA (378 businesses), followed by China (155), and India (34).
Sectors Overview:
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