To be considered a unicorn startup, a privately owned business needs to reach an investor valuation of $1 billion or more. According to new research from the personal finance experts at money.co.uk.
There are 847 unicorn businesses in the world as of September 2021. Interested in unicorn enterprises, money.co.uk analysed data from CB Insights between January 2010 to September 2021 to establish which month is the most common for startup businesses to gain unicorn status.
Money.co.uk found that July is the most popular month for startups to become a unicorn, with 96 businesses achieving this status in the month of June from 2010 to 2021. The accumulative valuation of these businesses is an astonishing $292.22 billion.
The month coming into second place is September, as 90 startup businesses gained unicorn status from 2010 to 2021 with a collective valuation of $227.13 billion.
In joint third position is April and June, with both months seeing 88 startup businesses from 2010 to 2021 enjoying the newfound reputation of unicorn. The combined valuation of the 88 businesses in April is $360.08 billion, whilst the combined valuation of the June’s businesses is $208.51 billion.