"Unicorns" Aren't As Rare As They Used To Be
Earlier this week, the Canadian messaging app Kik raised $50 million from Chinese internet company Tencent. The funding round was completed at a valuation of $1 billion, making Kik the latest entrant to the prestigious, if fictitious, “Unicorn Club” of startups reaching a valuation of $1 billion or higher before going public.
In the past, only very few startups managed to reach that milestone - hence the term unicorn - but in recent years it has become more and more common for young tech companies to reach lofty valuations. According to The Wall Street Journal there are currently 113 private companies with billion-dollar valuations, up from just 42 in early 2014.
It remains to be seen if the current trend continues or whether we are about to witness a market correction, but one thing seems clear: if the trend goes on and the number of billion-dollar startups keeps growing at the current rate, we may have to start calling them horses.
- European venture capital investments as of 2013 and 2014, by countryEuropean venture capital investments as of 2013 and 2014, by country
- Venture capital funds raised by European companies 2007-2015Venture capital funds raised by European companies 2007-2015
- Venture capital fund numbers in Europe in 2015, by investment focusVenture capital fund numbers in Europe in 2015, by investment focus
- Top medtech mergers and acquisitions by value 2014-2015Top medtech mergers and acquisitions by value 2014-2015
- Most funded Kickstarter projects 2016Most funded Kickstarter projects 2016
- Alternative finance market size in Europe 2012-2015Alternative finance market size in Europe 2012-2015
- Ranking of highest valued startup companies worldwide, August 2016Ranking of highest valued startup companies worldwide, August 2016
- Kickstarter: total amount of funding pledged 2012-2016Kickstarter: total amount of funding pledged 2012-2016
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