From Sifted, August 20:
Europe’s bumper year has pushed it to overtake China’s total unicorn count for the first time since 2016.
Europe’s unicorn herd has outgrown China’s, following a bumper year of VC investments into the region. Since 1990, Europe has created 296 unicorn companies, worth more than $1bn in total, whereas China’s created a total of 276.
According to new data from Dealroom, Europe has produced 72 new unicorns in 2021 — more than 3x that of China’s 22. Europe is also the fastest-growing region for VC investment globally, having attracted €49bn of investments so far in 2021 — exceeding China, the US and all of Asia.
This means that for the first time since 2016, Europe is ahead of China in the number of unicorns created or $1bn exits — another sign of the enormous momentum in the European tech and entrepreneurial ecosystem....
....MUCH MORE
