Countries and cities with the highest number of unicorn companies, 2019

Unsurprisingly, China has overtaken the United States for having the largest number of privately-held startup companies valued at $1 billion or more — dubbed “unicorn.”

China has 206 unicorn startups compared with 203 for the United States, according to the inaugural Hurun Unicorn list for 2019. Together accounting for over 80 percent of the world’s unicorn

India was third with 21 unicorns, led by payments solutions platform One97 Communications ($10billion billion), cab aggregator Ola Cabs ($6 billion), online educator Byju’s ($6 billion), and travel-stay finder OYO Rooms ($5 billion).

The United Kingdom was fourth with 13, led by health and beauty online retailing platform The Hut Group ($5 billion). Interestingly, the United Kingdom has more unicorns than Germany and France combined.

It was only 6 years ago that venture capitalist Aileen Lee coined the term “unicorn” to describe any privately-held startup worth $1 billion or more. In total, the firm said there were 494 unicorns located in 118 cities in 24 countries with a combined value of $1.67 trillion.

Countries with the highest number of unicorn companies, 2019

1. China: 206
2. USA: 203
3. India: 21
4. UK: 13
5. Germany: 7
6. Israel: 7
7. South Korea: 6
8. Indonesia: 4
9. France: 4
10. Brazil: 4
11. Switzerland: 3
12. Sweden: 2
13. Japan: 2
14. Singapore: 2
15. Spain: 1
16. Australia: 1
17. Colombia: 1
18. Ireland: 1
19. Finland: 1
20. Argentina: 1
21. Malta: 1
22. Philippines: 1
23. Estonia: 1
24. Luxembourg: 1

Cities with the highest number of unicorn companies, 2019

1. Beijing: 82
2. San Francisco: 55
3. Shanghai: 47
4. New York: 25
5. Hangzhou: 19
6. Shenzhen: 18
7. Nanjing: 12
8. Palo Alto: 10
9. Bengaluru: 9
10. Redwood City: 9
11. London: 9
12. Guangzhou: 8
13. Boston: 8
14. Gurgaon: 7
15. Mountain View: 6
16. Sunnyvale: 5
17. Seoul: 5
18. Sao Paulo: 4
19. Jakarta: 4
20. San Diego: 4
21. Atlanta: 4
22. Santa Monica: 4
23. Paris: 4
24. Berlin: 4
25. Chengdu: 4
26. Hong Kong: 4
27. Chicago: 4

Have you read?

Best Music Schools In The World.
Best Fashion Schools In The World.
Best Business Schools In The World.
Best Performing Arts Schools In The World.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Email Address*

Name