How long does it take to become a unicorn?

Globally there are now 241 unicorn companies in existence – and combined they’re worth a staggering $818bn. New research from Compare the Market has found that on average it has taken seven years from launch to grow these companies into unicorns. However 19 made it to $1bn in less than a year – an incredible achievement made possible by technology. The start-ups who achieved unicorn status in less than a year are APUS Group, BeiBei, Cambricon Technologies, Dada, e-shang Redwood, Global Fashion Group, GRAIL, iCarbonX, Illumio, Indigo Agriculture, Maoyan-Weiying, Pinduoduo, Uptake, Weiying and Xiaomi.

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