LONDON–Half of the 751 tech-focused unicorns worldwide operate in just three themes, and one of them will be of little surprise to credit unions.
According to GlobalData’s latest thematic report, Thematic Research: Tech unicorns- Top 10 Themes in 2021, as of August 31, 2021 there were 148 ecommerce unicorns, 117 cloud unicorns, and 116 fintech unicorns. The aggregate valuations of ecommerce, cloud, and fintech unicorns stood at $421billion, $267 billion, and $529 billion, respectively.
“The internet-driven ecommerce, cloud and fintech themes saw strong growth amid the pandemic,” said Swati Verma, associate project manager for the Thematic Team at GlobalData. “With the current unicorns valued at a total $1.2 trillion, GlobalData expects even more start-ups operating in these themes to achieve unicorn status this year.”
Looking at the other 50% of unicorns, 30% operate in the AI, healthtech, edtech, big data, cybersecurity, digital media and blockchain themes, GlobalData said, adding there are also a handful in capital-intensive themes such as space economy, batteries, 3D printing, and quantum computing.