Credit by Spotify with iPhone earphone © The Guardian
Global Unicorns Club: Largest Startup Companies Outside the US

Global Unicorns Club: Largest Startup Companies Outside the US

China is home to 7 of the top 10 most highly valued unicorn companies located outside the US.

Today’s global unicorn club is comprised of 214 private companies that are each valued at $1B+. Collectively, this cohort of the world’s most valuable private enterprises is worth approximately $745B.

The lion’s share of that value is held by companies that are located in the US. In fact, just over 50% of the world’s unicorn companies are located in the US, and US unicorns comprise 51% of the cumulative valuation of the global unicorn club.

However, in recent years, more and more unicorns have been popping up outside of the US. In 2014, 37% of all companies that achieved their first $1B+ valuation were based outside the US. In 2015 that number rose to 53%, and last year rose again to 58%. So far in 2017, there have been 42 companies added to the global unicorn club; of those, 24 are based outside of the US.

Using CB Insights data, we mapped the locations of private companies currently valued at $1B+ that are based outside of the US. We also charted the share of unicorns that have been added to the club each year since 2013 by location (US vs. non-US).

See the map and full list of all non-US unicorns, their select investors, and the date each reached unicorn status below.

Keterangan Gambar (© Pemilik Gambar)

In 2013, over 70% of companies that achieved unicorn status were US-based. Each year since 2013 – 2016, that share of unicorns has gone down, and last year, less than half of the unicorns added to the club (42%) were based in the US.

This year to date, the most highly valued non-US based companies to reach unicorn status include China-based companies Toutiao (most recently valued at $11B), Mobike ($3B), NIO ($2.9B), and e-shang Redwood ($2B), Germany-based Otto Bock healthcare ($3.5B), and the first ever Maltese unicorn, VistaJet ($2.5B).

Keterangan Gambar (© Pemilik Gambar)


Outside the US, China has far and away the greatest number of private unicorn companies, at 55 total. The country is also home to the world’s top 3 most highly valued private non-US companies, led by $50B ride-hailing company Didi Chuxing. Rounding out the top 3 are electronics company Xiaomi ($46B) and online lending platform ($18.5B).

Following China, the most unicorn-rich countries are India and the UK, respectively. No “Other” country takes more than 2% of the world’s unicorns located outside the US.

Keterangan Gambar (© Pemilik Gambar)

At present, there are 3 unicorns in Africa: Africa Internet Group in Nigeria and Promasidor Holdings and Cell C in South Africa. There are also 3 unicorns in the Middle East (ironSource and Infinidat in Israel, and Careem in the United Arab Emirates), and 2 in South America (LifeMiles in Colombia and Decolar in Argentina).

Outside of the US and China, the most valuable private companies are the Indian e-commerce platform Flipkart (most recently valued at $11.6B), followed by music streaming service Spotify in Sweden ($8.5B) and daily deal site Snapdeal in India ($7B).


(AS OF 9/18/2017)

Company Country Date Reached 1B+ Valuation Select Investors
Decolar Argentina 3/10/2015 Blum Capital Partners LP, Tiger Global Management, Ventures
Kik Interactive Canada 8/18/2015 Millennium Technology Value Partners, Spark Capital, Union Square Ventures
Kuaishou China 1/1/2015 Sequoia Capital China, China Media Capital, DCM Ventures
NIO China 3/15/2017 Lenovo Ventures Group, Temasek Holdings, Tencent Holdings
Toutiao China 4/7/2017 Sequoia Capital China, Source Code Capital, SIG Asia Investments
51Xinyongka China 9/21/2016 HgCapital, Meridian Capital,
Aiwujiwu China 5/6/2015 Temasek Holdings, GGV Capital, Hillhouse Capital Management
Apus Group China 1/16/2015 Redpoint Ventures, Qiming Venture Partners, Northern Light Venture Capital
BeiBei China 1/22/2015 IDG Capital Partners, Banyan Capital, Capital Today
China Internet Plus China 12/22/2015 DST Global, Trustbridge Partners, Baillie Gifford & Co.
Dada China 12/31/2015 Sequoia Capital China, DST Global, Walmart
Didi Chuxing China 3/31/2015 Apple, China Life Insurance, Tencent Holdings
DJI Innovations China 11/24/2014 Accel Partners, Sequoia Capital China China 8/27/2015 Dianping, Alibaba Group, CITIC Capital Private Equity
Fanli China 4/20/2015 Steamboat Ventures, SIG Asia Investments, Qiming Venture Partners
Guahao Technology Co. China 9/22/2015 China Development Industrial Bank, Tencent Holdings, Morningside Ventures
Guazi China 3/12/2016 Sequoia Capital China, GX Capital, Matrix Partners China
Homelink China 4/7/2016 Baidu, Source Code Capital, Sunac China Holdings China 9/5/2016 China Innovation Investment, Western Capital Management, Shenzhen Fortune Venture Capital
Huochebang China 12/22/2016 Tencent Holdings, DCM Ventures, Eastern Bell Venture Capital
iCarbonX China 4/12/2016 Tencent Holdings, China Bridge Capital , Vcanbio
iTutorGroup China 11/18/2015 SBI Group, GIC, Silverlink Capital
Jiuxian China 7/30/2015 Sequoia Capital China, China Merchants Bank, China Minsheng Banking Corp.
Koudai Gouwu China 10/23/2014 Warburg Pincus, Tiger Global Management, Tencent Holdings
Lakala China 6/23/2015 China Renaissance Capital Investment, China Continent Property & Casualty Insurance, Legend Capital
Liepin China 6/28/2016 Matrix Partners China, China Mobile, Warburg Pincus China 12/26/2014 Guotai Junan Securities, CDH Investments, China International Capital Corporation
Meizu Technology China 7/23/2014 Alibaba Group, Indiegogo, Telling Telecommunication Holding Co. China 9/8/2015 K2 Ventures, Baidu, China Renaissance Capital Investment
Mofang Gongyu China 4/13/2016 Warburg Pincus, Aviation Industry Corporation of China, DT Capital Partners
Mogujie China 6/6/2014 Meilishuo, IDG Capital Partners, Trustbridge Partners
Ofo China 3/1/2017 Matrix Partners China, CITIC Capital Private Equity, Vision Capital
Panshi China 5/5/2015 JD Capital Management, Fang Fund Partners, WI Harper Group
Rong360 China 10/12/2015 Sequoia Capital China, Lightspeed China Partners, Yunfeng Capital
Royole Corporation China 11/4/2016 IDG Capital Partners, Warmsun Holding, AlphaWealth
Trendy Group International China 2/13/2012 L Capital Partners
TuJia China 6/17/2015 Lightspeed China Partners, GGV Capital, China Broadband Capital
UBTECH Robotics China 7/25/2016 Goldstone Investment, Qiming Venture Partners, CDH Investments
URWork China 1/18/2017 Zhongrong International Trust, Tianhong Asset Management, Zhenge Fund
VANCL China 12/14/2010 IDG Capital Partners, Ceyuan Ventures, International Data Group
Weiying Technology China 11/17/2015 Tencent Holdings, Wanda Group, iDreamSky Technology
Xiaohongshu China 3/31/2016 GGV Capital, Hudson & Marshall, ZhenFund
Xiaomi China 12/21/2011 Temasek Holdings, Industrial and Commercial Bank of China, Qiming Venture Partners
Xuanyixia China 11/24/2015 Kleiner Perkins Caufield & Byers, Redpoint Ventures, YG Entertainment
ZhangYue China 1/4/2016 Guo Jin Capital, Alpha Animation & Culture
Zhihu China 1/12/2017 Qiming Venture Partners, Capital Today, SAIF Partners
Zhong An Insurance China 6/11/2015 Morgan Stanley, SAIF Partners, Keywise Capital
United Imaging Healthcare China 9/14/2017 China Development Bank Capital, China Life Insurance
VipKid China 8/23/2017 Sinovation Ventures, Bryant Stibel, Sequoia Capital China
Cambricon China 8/18/2017 Alibaba Entrepreneurs Fund, CAS Investment Management Co., Lenovo Ventures Group
e-shang Redwood China 7/26/2017 Ping An Insurance, SK Group, GF Investments
SenseTime China 7/11/2017 Star VC, IDG Capital, Wanda Group
Zhaogang China 6/29/2017 K2 Ventures, Matrix Partners China, Bull Capital partners
Mobike China 6/16/2017 TPG Capital, Tencent Holdings, Ctrip
Dt Dream China 6/8/2017 Alibaba Group, China Everbright Investment Management, Yinxinggu Capital
Yuanfudao China 5/31/2017 Tencent Holdings, Warbug Pincus, IDG Capital
Tuandaiwang China 5/30/2017 Beihai Hongtai Investment, China Minsheng Investment, Yisheng Innovation
NetEase Cloud Music China 4/11/2017 China International Capital Corporation, Hunan TV & Broadcast Intermediary, Shanghai Media Group
LifeMiles Colombia 7/13/2015 Advent International
Avast Software Czech Republic 2/5/2014 Summit Partners, Kickstarter, CVC Capital Partners
Saxo Bank Denamrk 8/21/2015 General Atlantic, TPG Capital, Zhejiang Geely Holding Group
BlaBlaCar France 9/16/2015 Lead Edge Capital, Accel Partners, Index Ventures
OVH France 8/15/2016 Kohlberg Kravis Roberts & Co., BNP Paribas, HSBC
Auto1 Group Germany 7/6/2015 DST Global, Rocket Internet, Baillie Gifford & Co.
CureVac Germany 3/5/2015 NorthView Ventures, Bill & Melinda Gates Foundation, Sigma Group
Delivery Hero Germany 9/3/2014 WestTech Ventures, Insight Venture Partners, Kite Ventures
HelloFresh Germany 9/17/2015 Rocket Internet, Baillie Gifford & Co., Phenomen Ventures
Otto Bock HealthCare Germany 6/24/2017 EQT Partners
Flipkart India 8/6/2012 Naspers, Morgan Stanley, GIC
Hike India 8/16/2016 Tencent Holdings, SoftBank Group, Tiger Global Management
InMobi India 12/2/2014 SoftBank Group, Kleiner Perkins Caufield & Byers, Hercules Capital
Olacabs India 10/27/2014 ABG Capital, DST Global, Matrix Partners India
One97 Communications India 5/12/2015 Ant Financial Services Group, Silicon Valley Bank, IF Partners
ReNew Power Ventures India 2/14/2017 Abu Dhabi Investment Authority, Overseas Private Investment Corporation, JERA
ShopClues India 1/12/2016 Helion Venture Partners, Tiger Global Management, Nexus Venture Partners
Snapdeal India 5/21/2014 Foxconn Technology Company, eBay, Nexus Venture Partners
Zomato Media India 4/10/2015 Info Edge, VY Capital, Sequoia Capital India
Go-JEK Indonesia 8/4/2016 DST Global, Sequoia Capital India, Capital Group Companies
Traveloka Indonesia 7/28/2017 Expedia Inc., Global Founders Capital, East Ventures
Infinidat Israel 4/29/2015 TPG Growth, Undisclosed Investors
ironSource Israel 8/11/2014 Disrupt-ive, Access Industries, Clal Industries and Investments
Mercari Japan 3/2/2016 Global Brain Corporation, GMO VenturePartners, Mitsui & Co.
Global Fashion Group Luxembourg 4/8/2015 Tengelmann Ventures, Rocket Internet, Access Industries
VistaJet Malta 8/24/2017 Rhone Capital
Adyen Netherlands 12/16/2014 Temasek Holdings, Felicis Ventures, ICONIQ Capital
Africa Internet Group Nigeria 2/8/2016 Goldman Sachs, Rocket Internet, Orange
Garena Online Singapore 3/3/2015 Keytone Ventures, SeaTown Holdings International, GDP Venture
Grab Singapore 12/4/2014 GGV Capital, Honda, Vertex Venture Holdings
Promasidor Holdings South Africa 11/8/2016 Ajinomoto, International Finance Corporation
Cell C South Africa 8/7/2017 Blue Label Telecoms, Net1 UEPS Technologies
Coupang South Korea 5/28/2014 SoftBank Group, Sequoia Capital, BlackRock
Yello Mobile South Korea 11/11/2014 Formation 8, SBI Investment, Q Capital Partners
Klarna Sweden 12/12/2011 JFT Holdings, General Atlantic, Sequoia Capital
Spotify Sweden 6/17/2011 Accel Partners, Goldman Sachs, Halcyon Capital
Avaloq Group Switzerland 3/22/2017 Warburg Pincus
MindMaze Switzerland 1/28/2016 Hinduja Group, Undisclosed Investors, Undisclosed Angel Investors
Careem Networks United Arab Emirates 12/18/2016 BECO Capital, Wamda Capital, Al Tayyar Travel Group United Kingdom 6/2/2015 Upsher-Smith Laboratories, Woodford Investment Managment, Lansdowne Partners
BrewDog United Kingdom 4/10/2017 TSG Consumer Partners, Undisclosed Angel Investors, Crowdcube
FarFetch United Kingdom 3/4/2015 Advent Venture Partners, Conde Nast,
Funding Circle United Kingdom 4/23/2015 Accel Partners, Temasek Holdings, Ribbit Capital
Global Switch United Kingdom 12/22/2016 Aviation Industry Corporation of China, Essence Financial, Ping An Insurance
Shazam United Kingdom 1/20/2015 Acacia Capital Partners, Buran Venture Capital, America Movil
TransferWise United Kingdom 1/26/2015 IA Ventures, Index Ventures, Seedcamp
Oxford Nanopore Technologies United Kingdom 5/6/2012 IP Group, Woodford Investment Managment, Illumina
Improbable United Kingdom 5/12/2017 Andreessen Horowitz, SoftBank Group, Temasek Holdings

SOURCE : CB Insights


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