PitchBook October 31, 2014
VC fund Atomico recently produced some handy and comprehensive interactive research on unicorns worldwide, starting an industry-wide conversation about the topic.
In the aftermath, TechCrunch wrote about unicorns (companies that have received venture funding and a valuation of $1 billion or more), their post largely based on Atomico’s data. Then, on Twitter, Ben Nolan pointed out that while Atomico breaks down the total number of unicorns, we here at PitchBook could complement Atomico’s post by analyzing our data for success rate statisitcs—e.g. what percentage of venture-funded companies reach that lofty unicorn status. Always happy to provide data-backed context, we’ve created interactive maps of success rates across Europe, Israel and North America: (click on the images below, best viewed in a browser and not on mobile)
Our methodology for the success rate consisted of the following formula: taking the number of companies in these geographies, founded since 2003 that have received venture funding (nearly 18,578) from an institutional venture investor as the denominator, and setting the numerator as venture-backed or formerly venture-backed companies founded since 2003 that have been valued at $1 billion or more (153 through an IPO, acquisition or financing round.
To uncover the companies and the funding histories that led to these billion-dollar valuations, contact us here.