13 February, 2024
The state of global unicorn startups

Hubspot reported that over the course of ten years, nearly 1,400 startups have reached unicorn status. Moreover there are 60 decacorns valued at more than $10 billion and even 3 Hectacorns, valued at more than $ 100 billion. In addition there are 185 so called centaurs with an annual recurring revenue of over $100 million.

However, since 2016, startups have been experiencing progressively longer journeys to reach unicorn status, with an average of 9 years to reach the unicorn status. Despite 2021 seeing the largest new unicorn class ever (an outlier of hopeful investments post-COVID), overall funding and valuations are in a slump.

The report gives a nice overview of these uni-,deca- and hecta-corns with their geography, industry type and investments.