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ICD What's New

Distribution of U.K. unicorns by location and sector
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2019-11-14 16:28
Distribution of U.K. unicorns by location and sector

According to the Global Unicorn Club by CB Insights, as of January 2019, there were 325 unicorns -- namely startups with a market value of over US$1 billion -- around the world, including 17 U.K. unicorns. The United Kingdom has the third most unicorns, behind the United States at 155 and mainland China at 91.

The United Kingdom’s 17 unicorns are geographically distributed as follows:
1. London: 9
2. Northwich: 1
3. Orton Southgate: 1
4. Bristol: 1
5. Oxford: 1
6. Cambridge: 1
7. Durham: 1
8. Ellon/ Aberdeenshire: 1
9. Crewe: 1

The fintech sector has the highest share of U.K. unicorns, which is perhaps unsurprising as London is the world’s second largest financial center. The top sectors in terms of number of U.K. unicorns are as follows:
1. Fintech: 6
2. Internet Software & Services: 2
3. Healthcare: 2
4. AR/VR: 1
5. Cybersecurity: 1
6. E-commerce: 1
7. On demand:1
8. Food & Beverages: 1
9. Data Integration Software: 1
10. Computer Hardware & Services: 1

Source: The Global Unicorn Club as of Jan. 2019
https://www.cbinsights.com/research-unicorn-companies
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Update: 2019-06-17
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