Growth of unicorns in the U.S., China, and next three highest countries (U.K., India, Germany). Data: CB Insights, numbers are mid-year values, with most recent data as of June 11, 2020.
Unicorns — privately held startups valued at more than $1 billion — have become a symbol of innovation and the entrepreneurial spirit since the term was coined in 2013. In this week’s installment of The Big Picture, we show the narrowing race between U.S. and Chinese unicorns, and introduce readers to the Chinese unicorns leading the herd, as well as the VC firms backing their rise.
Top Unicorn-Producing Nations
Though the Hurun Report made news last year by announcing that China surpassed the United States to become the country with the most unicorns, other sources tell a different story. According to PitchBook’s dataCriteria for unicorn status includes most recent post-money valuation greater than $1 billion, VC backing, and private ownership. from June 11, 2020, there are 44
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