New And Future Unicorns Update, H1 2022
February 2, 2023 ⚊ 1 Min read ⚊ Views 120 ⚊ TECH2021 was a blockbuster year with more startups entering the billion-dollar club than ever before. There were 1,170 unicorns with a valuation of approximately $4.4 trillion as of 30th June 2022. The unicorn boom for 2021 can be attributed to a funding frenzy fueled by the rapid adoption of technology and innovative offerings by startups in areas (such as EdTech, E-commerce, among others) gaining relevance due to Covid-19.
A total of 523 companies from 2021 have maintained their unicorn status, up five-fold as compared to 100 unicorns in 2020. The new and future unicorns research report predicts future unicorns by combining the startup scorecard and machine learning model. The report also provides investment trends in startups over the years.
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