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Table 1

Entrepreneurship Is Now a Global Phenomenon

Global Unicorns: Top Ten Countries by Number of Unicorns
CountryNumber of UnicornsPercent of TotalTotal Valuation ($Billions)Percent of TotalTop Three Unicorns by Value United States 337 52%$1,093 51% Stripe, SpaceX, Instacart
China 138 21% $547 26% Bytedance, DiDi Chuxing, Yuanfudao India 31 5%$106 5% One97 Communications, BYJU's, OYO Rooms
United Kingdom 29 4% $96 5% Checkout.com, Global Switch, Hopin Germany 16 2%$29 1% Otto Bock Healthcare, N26, Celonis
Israel 13 2% $17 1% Earnix, Monday.com, Wiz Brazil 12 2%$42 2% Nuback, Wildlife Studios, Loft
South Korea 10 2% $22 1% Krafton, Yello Mobile, Toss France 10 2%$13 1% BlaBlaCar, Alan, Mirakl
Canada 1% $11 1% PointClickCare, Dapper Labs, Clearco Top Ten Countries 601 92%$1,976 92%
Total Unicorns 654  $2,147 Global Unicorns: Top Ten Countries by Number of Unicorns CountryNumber of UnicornsPercent of TotalTotal Valuation ($Billions)Percent of TotalTop Three Unicorns by Value
United States 337 52% $1,093 51% Stripe, SpaceX, Instacart China 138 21%$547 26% Bytedance, DiDi Chuxing, Yuanfudao
India 31 5% $106 5% One97 Communications, BYJU's, OYO Rooms United Kingdom 29 4%$96 5% Checkout.com, Global Switch, Hopin
Germany 16 2% $29 1% Otto Bock Healthcare, N26, Celonis Israel 13 2%$17 1% Earnix, Monday.com, Wiz
Brazil 12 2% $42 2% Nuback, Wildlife Studios, Loft South Korea 10 2%$22 1% Krafton, Yello Mobile, Toss
France 10 2% $13 1% BlaBlaCar, Alan, Mirakl Canada 1%$11 1% PointClickCare, Dapper Labs, Clearco
Top Ten Countries 601 92% $1,976 92% Total Unicorns 654$2,147

Note: As of April 2021, there are now more than 600 unicorns around the world, predominantly led by the United States (337 unicorns) and China (138 unicorns). China, India, and Brazil stand out in this picture. There is good reason to believe that countries like Indonesia and many others will make an appearance soon. Source: CB Insights, “Entrepreneurship Is Now a Global Phenomenon,” April 2021.

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