UK Ranks Among Best Countries For Unicorn Startups

New research from Money.co.uk reveals that the UK is one of thefts countries in the world for unicorn start-ups.

 

What are Unicorn Start-Ups?

 

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.

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.

 

UK is the 9th Best Country in the World

 

Money.co.uk can reveal that the UK is the ninth best country in the world for unicorn start-ups. With 31 businesses currently valued at over $1 billion, it has taken the UK’s unicorn businesses an average of 8 years and 7 months to reach the valuation of $1 billion.

 

Best Countries for Unicorn Companies

 

 CountryTotal number of unicorn companiesAverage years taken to reach $1B
#1China1555 years, 10 months
#2Hong Kong56 years, 1 month
#3Japan66 years, 3 months
=#4USA3786 years, 11 months
=#4Singapore66 years, 11 months
=#4Australia66 years, 11 months
#7Israel177 years, 3 months
#8France168 years, 3 months
#9UK318 years, 7 months
#10India348 years, 9 months
#11Brazil128 years, 10 months
#12Canada1210 years, 9 months
#13South Korea1010 years, 10 months
#14Germany1611 years, 5 months
#15Switzerland514 years, 11 months

 

China is Fastest Growing Country for Unicorn Companies

 

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 USA, Singapore, 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).

 

Best Sectors for Unicorn Companies

 

 SectorTotal number of unicorn companiesAverage years taken to reach $1B
#1Auto & Transportation314 years, 5 months
#2Artificial Intelligence625 years, 6 months
#3Hardware275 years, 7 months
=#4Mobile & Telecommunications356 years, 4 months
=#4E-Commerce & Direct-to-Consumer826 years, 4 months
=#6Supply Chain, Logistics & Delivery426 years, 11 months
=#6Cybersecurity306 years, 11 months
#8Data Management & Analytics277 years, 0 months
#9Fintech1317 years, 1 month
#10Travel137 years, 4 months