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Read & Share: Global Unicorn Herd Now Counts 1,000+ Companies
Global Unicorn Herd Now Counts 1,000+ Companies
According to CB Insights, there were 1,068 unicorn companies in the world as of March 30, 2022. In 2021 alone, 519 of these privately held startups valued at $1 billion or more were “born”. The global unicorn herd passed the 1,000-mark at the beginning of the current year.
More than half of the unicorns on CB Insights’ list are headquartered in the U.S. Another 180 are based in China and Hong Kong. India is in third place in the international unicorn ranking, followed by the UK and Germany. Unicorns are now found on every continent, but a look at the map shows that their populations in Latin America and Africa are comparatively small.
Despite the obvious imbalance, the top 10 of the world’s largest unicorn companies looks more mixed than one would expect. Chinese AI and technology company Bytedance is the biggest of the bunch at a $140 billion valuation, followed by Elon Musk’s U.S.-based venture Space X ($100.3 billion) and Chinese fashion retailer Shein ($100 billion). Out of the ten biggest unicorns, five are based in the U.S. and two hail from China. The top 10 also includes Swedish fintech player Klarna, Australian graphic design platform Canva and British payment service Checkout.com.
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ABOUT MIKE MERCURIO
Mike Mercurio | mmercurio@offitkurman.com | 301-575-0332
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.
ABOUT OFFIT KURMAN
Offit Kurman, one of the fastest-growing, full-service law firms in the United States, serves dynamic businesses, individuals and families. With 17 offices and nearly 250 lawyers who counsel clients across more than 30 areas of practice, Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration. For more information, visit www.offitkurman.com.
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