Posted 2/13/2024, 12:00:44 PM
Fewer Startups Joined $1B+ Unicorn Club in 2023, AI Led all Sectors
- Fewer startups became unicorns in 2023, with 95 companies joining the unicorn board compared to over 100 in previous years
- AI was the leading sector for new unicorns in 2023 with 20 companies, followed by fintech, cleantech, energy, and semiconductors
- The total number of global unicorns reached 1,500, collectively valued at over $5 trillion based on recent funding rounds
- Exits were slower in 2023 - only 10 unicorns went public via IPO compared to 20 in 2022 and over 100 in 2021
- December saw 8 new unicorns across sectors like AI, fintech, food and beverage, privacy and security, and healthcare