Global Unicorn Hotspots in 2025 🦄

Key Takeaways

• With 793 unicorns as of July 2, 2025, 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.

America is the World's Unicorn Capital

Today, the U.S. is home to the world's two largest unicorns, SpaceX ($350 billion) and OpenAI ($300 billion).

China's ByteDance and Ant Group rank in third and fourth place, thanks to their dominance in social media and mobile payments.

Rounding out the top five is India's Reliance Retail, worth $100 billion—a retail unit in the Reliance Industries conglomerate.