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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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