Most people associate startup culture with San Francisco and for a good reason, as the city hosted the highest number of privately held companies valued over a billion U.S. dollars, known as unicorns, in 2023. At that time, 190 unicorns had their headquarters in the Californian tech capital, while New York housed 133 of them. Beijing came third in the ranking with 78 unicorns.
Cities with the highest number of unicorns worldwide as of 2023
Data only includes privately held companies.
Companies referred to as unicorn companies are usually privately held startup companies with a current valuation of one billion U.S. dollars or more.
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Hurun Research Institute. (April 18, 2024). Cities with the highest number of unicorns worldwide as of 2023 [Graph]. In Statista. Retrieved June 05, 2025, from https://www.statista.com/statistics/1062457/cities-highest-number-of-unicorns/
Hurun Research Institute. "Cities with the highest number of unicorns worldwide as of 2023." Chart. April 18, 2024. Statista. Accessed June 05, 2025. https://www.statista.com/statistics/1062457/cities-highest-number-of-unicorns/
Hurun Research Institute. (2024). Cities with the highest number of unicorns worldwide as of 2023. Statista. Statista Inc.. Accessed: June 05, 2025. https://www.statista.com/statistics/1062457/cities-highest-number-of-unicorns/
Hurun Research Institute. "Cities with The Highest Number of Unicorns Worldwide as of 2023." Statista, Statista Inc., 18 Apr 2024, https://www.statista.com/statistics/1062457/cities-highest-number-of-unicorns/
Hurun Research Institute, Cities with the highest number of unicorns worldwide as of 2023 Statista, https://www.statista.com/statistics/1062457/cities-highest-number-of-unicorns/ (last visited June 05, 2025)
Cities with the highest number of unicorns worldwide as of 2023 [Graph], Hurun Research Institute, April 18, 2024. [Online]. Available: https://www.statista.com/statistics/1062457/cities-highest-number-of-unicorns/
