Unicorns are being created at a faster rate in Europe than elsewhere. Private markets investment platform Titanbay takes a look at the structural changes driving the acceleration.
Europe has been breeding unicorns at a record pace. The number of startups valued at $1 billion or more hit at least 78 last year, up from 17 in 2020, according to PitchBook data . That pace of growth was higher than in the US and Asia, where the venture capital ecosystem is more established.