Unicorns

The region’s €1 billion-plus companies added 18 new members and saw valuations climb in Q2.

The Q2 2026 Global Unicorn Tracker provides a comprehensive analysis of VC-backed companies valued at $1 billion or more, covering deal activity, valuations, exits, and the PitchBook Business Quality framework and offering perspective on the biggest trends shaping the unicorn landscape.

Our global unicorn tracker allows you to see all the billion-dollar companies formed since 2016. Explore trends in unicorn formation by filtering for geography or date.

Nineteen startups crossed the $10 billion valuation mark as AI mega-deals concentrate capital at the top.

The data analytics company is now valued at $188 billion, but it’s trailing behind rivals like Anthropic, whose valuation more than doubled in a quarter.

The PitchBook 100 ranks VC-backed companies by valuation alongside recent secondary pricing data.

Pension funds, GPs and data firms say the real IPO barrier is the macro climate—and want more disclosure, not less.

A total of 11 VC-backed companies have raised funding at a €1 billion-plus valuation this year.

The Q1 2026 Global Unicorn Tracker provides a comprehensive analysis of VC-backed companies valued at $1 billion or more, covering deal activity, valuations, exits, and the PitchBook Business Quality framework and offering perspective on the biggest trends shaping the unicorn landscape.

British deal value was almost 30% higher in Q1 than in the previous three-month period.

The trend underscores growing capital-raising disparities even among unicorns.

This analyst note leverages the new PitchBook Valuation Estimates to assess the current size and value of the US unicorn universe.

VC interest in the sector is expected to accelerate this year as historic government spending increases drive return potential.

Unicorns are so back.

Three major banks have recently moved to acquire VC secondary specialists in a bid to offer clients deeper liquidity in private markets.

Artificial intelligence drives surge in VC funding for European legal tech firms.

The round follows several partnerships with OpenAI, Nvidia and Microsoft.

The investment more than doubles the UK unicorn’s previous 2021 price tag.