Visualizing Unicorns by Country in 2025
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Key Takeaways
- With 793 unicorns, the U.S. has more private firms worth at least $1 billion than the next 19 countries combined.
- China (284) and India (88) follow next with ByteDance and Reliance Retail standing as the largest unicorn in each country, respectively.
- In the UK, fintech firm Revolut stands as the most valuable unicorn, worth $32 billion.
The AI frenzy is sparking a wave of new unicorns globally.
So far in 2025, at least 36 have been minted in tech, spanning from robotics firm Dexterity to Thinking Machines, founded by former OpenAI executive, Mira Murati. While AI-focused firms are raking in the most funding, notable players in blockchain to health tech are breaking the $1 billion valuation mark this year.
This graphic shows global unicorn hotspots in 2025, based on data from Crunchbase.
The World’s Top Hubs for Unicorns
Below, we break down the number of private firms valued at $1 billion or more by country as of July 2, 2025:
| Country | Number of Unicorns |
|---|---|
 U.S. |
793 |
 China |
284 |
 India |
88 |
 UK |
64 |
 Germany |
40 |
 France |
30 |
 Canada |
30 |
 Singapore |
22 |
 Israel |
22 |
 South Korea |
21 |
 Brazil |
20 |
 Japan |
16 |
 Hong Kong |
12 |
 Australia |
12 |
 Mexico |
10 |
 Ireland |
10 |
 Indonesia |
10 |
 Switzerland |
9 |
 Netherlands |
9 |
 Sweden |
8 |
Today, the U.S. is home to the world’s two largest unicorns, SpaceX (valued at $350 billion) and OpenAI ($300 billion).
Altogether, there are 793 unicorns in America, with Thinking Machines recently making headlines in a stunning $10 billion valuation. With investors including Nvidia and a16z, the AI company launched just six months ago.
China stands as the world’s second-largest hub for unicorns, with 284 in total. TikTok parent, ByteDance, ranks as the third most valuable unicorn globally. Meanwhile, Ant Group follows in fourth, thanks to its dominance in mobile payments.
Rounding out the top five is India’s Reliance Retail, worth $100 billion—a retail unit in the Reliance Industries conglomerate. With 88 unicorns, India is the third-largest hub globally driven by robust economic growth and surging investor optimism.
Learn More on the Voronoi App 
To learn more about newly minted unicorns in 2025, check out this graphic on the most valuable new unicorns of 2025.
