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HomeFINANCEUnicorns are no longer mythological! • ENTER.CO

Unicorns are no longer mythological! • ENTER.CO

The startup ecosystem in the world is filling up with mythological beings. By February 2022 there could be close to 1,000 unicorns around the globe.

It’s time for startups. The increasingly digitized world has become the ideal setting for these fast-growing startups to conquer markets.

And probably the goal of any entrepreneur starting a startup is to see it become a unicorn. Government policies, support networks, and investment funds have created an enabling environment for these companies to find a path to success.

The truth is that in 2015 there were only 80 private companies that had a valuation equal to or greater than $1 billion. But today this number has increased in a startup boom and today there are more than 830 unicorns around the world.

According to data from CB Insights, this increase has occurred especially in the last half year. Thus, between the end of 2020 and so far in 2021, the number of new unicorns increased by 48%. In these nine months, 354 companies exceeded the valuation of $1,000 million dollars.

According to the predictions of CB Insights according to this trend, by February 2022 the world could have more than 1,000 unicorns.

The report shows that currently about half of unicorns are in the United States. China ranks second with 19% of unicorns.

The sector that has generated the most unicorns is fintech, with 162 companies. Internet services and software development companies follow with 139 unicorns. In third place there are 88 e-commerce.

ByteDance, owner of TikTok continues to lead as the only ‘hectocorn’ in the world. The company reached a valuation of $140 billion dollars. This is followed by the decacorns Stripe (fintech) with a value of $95 billion, Space X with $75 billion, Klarna (fintech) with $45.6 billion and the recently new decacorn: Canva with a valuation of $40 billion. .

These types of companies were nicknamed unicorns, because they used to be few and very rare. But now with the boom of unicorns, it seems that this being is no longer mythological and is beginning to arrive en masse to conquer the world.

Image by Pete Linforth from Pixabay

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