The Rise of Unicorns
The rise of private markets has been one of the most significant developments in capital markets in recent years. One mark of this rapid growth is captured in the burgeoning number of unicorns. Beyond a measure of valuation, unicorns embody the innovation within — and investment potential of — the venture ecosystem.
Not Just a Silicon Valley PhenomenonWhile the US continues to be the primary home for unicorns, other countries have seen phenomenal growth in recent years. China and India lead the charge, representing 23% of unicorns by count. European countries are also on the rise with an 11% share. |
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Companies are Staying Private Longer
Private companies are taking longer to go public, with the median age increasing from 6.9 a decade ago to 10.7 years today. Record funding, regulatory changes, and non-traditional investors are driving this trend.
A Window Into the Innovation EconomyUnicorns play an important role in shaping today’s investment landscape. The Morningstar PitchBook Global Unicorn Indexes are designed to bring transparency to this segment of capital markets and provide valuable insights into the drivers of future economic growth. |
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Discover a range of Morningstar PitchBook Global Unicorn Indexes to gain a clear view of late-stage venture capital markets.
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