Globe Newswire
Marketplace unicorns valuations soar to $5 trillion as record levels of investment see the sector outpace the entire tech market
Total valuation of marketplace unicorns climbed by 70% in 2020, outpacing the listed tech sector as a whole More global VC investment was made into marketplaces in Q1 2021 than in any other quarter in history – $28bn, up from $9.9bn during the same period last year Since January 2019, valuations of marketplace unicorns have more than doubled – up from $2.2tn to $5.0tn There are now more than 370 marketplace unicorns with the top 30 accounting for 79% of total value ($3.9tn) Covid has been a significant driver of innovation and adoption across marketplaces The most valuable marketplace categories – fashion, delivery, logistics, and health – all saw triple-figure percentage growth last year London and Oslo, 12 May 2021: The global value of marketplace unicorns has soared by 70% since January 2020, fuelled by a rise in innovation and adoption as a result of Covid and record-breaking levels of VC investment, according to new figures. Data…
