The aggregate value of all the world's unicorns has surpassed $3.4T, with the number of companies climbing to just under 1,000. Of that $3.4T in value, $500B is held by just four companies: Bytedance (TikTok), Stripe, SpaceX, and Ant Group.
- There are seven "quadricorns" — companies with over $40B in market cap — with the most recent inductees being BNPL company Klarna and design software Canva.
- There are seven more $30B market cap "tricorn" companies, including Instacart, Databricks, Flipkart, Revolut, Nubank, and Cruise.
The capital being dedicated to unicorns has increased dramatically:
- In 2021, U.S.-based unicorns have raised $99B, a 50% increase YoY.
- Due to a variety of factors, investment in Asian unicorns has only increased marginally YoY to $51B.
- Europe's unicorns have seen a huge YoY funding increase, almost 3X YoY at $39B.
Leaving the stables:
- 83 unicorn companies, with a combined value approaching $1T, have gone public so far in 2021.
- This is compared to 2020 where 38 companies went public with a combined value of $394B