The new unicorns of 2020 come from 11 countries: The majority are U.S. based (27); four are based in China; three hail from the United Kingdom; and Israel and India have two new unicorns each. So far this year, five unicorns have gone public, including both DraftKings and Nikola Motor, which went public via reverse mergers with public companies.

Leading industries for new unicorn companies this year include education–with four new unicorns; Quizlet, Udemy, ApplyBoard, Course Hero–and software service companies, including Notion (workplace collaboration), Figma (design collaboration), and Podium (local customer communication).

The majority of unicorn companies–two-thirds over the last five years–exit by IPO. These likely IPO market candidates make unicorn companies attractive to alternative investors who want stock at or before the IPO. For the 12 exits so far in 2020, the market capitalization at IPO and acquired price values these companies at $50 billion, with $24 billion in exit value or 91 percent growth in value exceeding the last private valuation recorded for these companies at $26 billion.

Source Credit: CrunchBase News