Our market map visualizes the 936 private companies with billion-dollar valuations, across artificial intelligence, e-commerce, fintech, and more.
There are over 900 private companies around the world valued at $1B+, all featured on our real-time unicorn tracker. Collectively, these companies are worth over $3T.
Using the CB Insights database, we mapped all 936 global unicorn companies valued at $1B or more according to the primary markets in which they operate.
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Global unicorn club market map
Our market map sorts unicorns into 15 categories, from auto & transportation to supply chain & logistics. Our “Other” category includes renewable energy, space tech, ad tech, and more.
Categories are not mutually exclusive and companies are sorted by primary use case. Data is as of 10/8/2021.
Please click to enlarge.
Most valuable private companies
The world’s most valuable private company is China-based ByteDance, in the artificial intelligence category. The company, which operates content platforms such as TikTok and Toutiao, reached a $140B valuation following an investment from Tiger Global Management in March 2020. The company most recently raised a private equity round from China Internet Investment Fund in August 2021.
Rounding out the top 5 most valuable private companies are aerospace manufacturer SpaceX (valued at $100.3B), payments processor Stripe ($95B), payments platform Klarna ($45.6B), and collaborative online design tool Canva, which reached a $40B valuation following its $200M Series G round in September 2021.
Unicorn company trends by category
Fintech is the most highly represented category on our map, accounting for slightly over a fifth of all unicorns (20.4%). It is followed by internet software & services (17.8%), e-commerce & direct-to-consumer (10.9%), and artificial intelligence (7.8%).
The most valuable fintech unicorn is Stripe, with a $95B valuation as of March 2021. In internet software & services, the most valuable unicorn is Canva ($40B, September 2021).
In e-commerce & direct-to-consumer, the top spot goes to Xiaohongshu ($20M, November 2021), a China-based social e-commerce app. The company recently raised a $500M Series E from Alibaba, Tencent, and other investors after pausing plans to go public.
Since reaching its $140B valuation in March 2020, ByteDance has been the only private company considered to be a “hectocorn” worth $100B+ — until now. In October 2021, Elon Musk-owned rocket company SpaceX raised a $755M secondary market round to reach a valuation of $100.3B, making it the world’s second-ever hectocorn.
Forty-two private companies (4.5% of total unicorns) are considered “decacorns,” worth $10B+. Meanwhile, 24.6% of companies included in the global unicorn club are valued at exactly $1B.
Since our last analysis in September 2021, the US has held its leading unicorn share, accounting for slightly more than half of all unicorns (51%). China, in second place (18.1%), dropped a couple of percentage points over the same time frame.
India claims the third spot at 5.4%, while the UK is home to 4% of unicorns.
Unicorn club growth
Seventy-five percent of the companies in our market map have joined the unicorn club since 2019. Of those, 110 made the list in 2020, while 2021 has seen the births of a whopping 480 current unicorns — or 51% of the unicorn club.
Since our last analysis in September 2021, the unicorn club has grown in size by 11% from 842 to 936 unicorns. At this rate, the unicorn club is likely to break 1,000 by early 2022.
For more unicorn research, check out our reports on which investors have backed the most billion-dollar companies and our comprehensive unicorn club in data infographic.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity