USA Ranks Among Best Countries For Unicorn Start-Ups In The World

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USA Ranks Among Best Countries For Unicorn Start-Ups In The World
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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.

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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: 

Country Total number of unicorn companies Average years taken to reach $1B
#1 China 155 5 years, 10 months
#2 Hong Kong 5 6 years, 1 month
#3 Japan 6 6 years, 3 months
=#4 USA 378 6 years, 11 months
=#4 Singapore 6 6 years, 11 months
=#4 Australia 6 6 years, 11 months
#7 Israel 17 7 years, 3 months
#8 France 16 8 years, 3 months
#9 UK 31 8 years, 7 months
#10 India 34 8 years, 9 months
#11 Brazil 12 8 years, 10 months
#12 Canada 12 10 years, 9 months
#13 South Korea 10 10 years, 10 months
#14 Germany 16 11 years, 5 months
#15 Switzerland 5 14 years, 11 months

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 USASingapore, 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: 

Sector Total number of unicorn companies Average years taken to reach $1B
#1 Auto & Transportation 31 4 years, 5 months
#2 Artificial Intelligence 62 5 years, 6 months
#3 Hardware 27 5 years, 7 months
=#4 Mobile & Telecommunications 35 6 years, 4 months
=#4 E-Commerce & Direct-to-Consumer 82 6 years, 4 months
=#6 Supply Chain, Logistics & Delivery 42 6 years, 11 months
=#6 Cybersecurity 30 6 years, 11 months

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