《PitchBook：2026年Q1全球后期阶段独角兽企业追踪报告（英文版）（27页）.pdf》由会员分享，可在线阅读，更多相关《PitchBook：2026年Q1全球后期阶段独角兽企业追踪报告（英文版）（27页）.pdf（27页珍藏版）》请在三个皮匠报告上搜索。

1、LATE-STAGE COMPANY RESEARCHGlobal Unicorn TrackerQ12026Q1 2026 GLOBAL UNICORN TRACKER2ContentsInstitutional Research GroupFranco Granda Senior Research Analyst,Late-Stage Research Harrison Rolfes Senior Research Analyst,Late-Stage Research Caleb Wilkins Data APublished on May 5,2026Introduction 3Key

2、 takeaways 4Quick stats 5Market leaders 8PitchBook Business Quality(PBQ)spotlight 11Deals and fundraising 14Valuations and fallen unicorns 16Exits 18Performance 21The vertical divide 25Q1 2026 GLOBAL UNICORN TRACKER3IntroductionWhen Aileen Lee coined the term“unicorn”in 2013 to describe a venture-ba

3、cked company valued at$1 billion or more,fewer than 40 companies qualified.The label was meant to convey rarity.A decade later,there are 1,680 unicorns with an$8.6 trillion aggregate valuation.That expansion occurred alongside a structural shift in how companies are built.As private capital grew mor

4、e abundant and public markets grew more burdensome,the IPO ceased to be a milestone on the path to maturity and became optional instead.Companies now routinely operate with tens of billions of dollars in revenue,thousands of employees,and valuations rivaling those of S&P 500 constituents(or surpassi

5、ng them in many cases).But rarity has returned in a different form.Although the unicorn universe has never been larger,deal and exit value is highly concentrated.In Q1 2026,five companies accounted for 77.6%of all deal value;one company accounted for 72.8%of exit value;and three companies represente

6、d$2.5 trillion of the aggregate valuation.AI accounts for 37%of unicorns by count and nearly half of them by value.The$1 billion threshold that once separated the exceptional from the ordinary now encompasses a universe so vast that the label itself has lost most of its descriptive power.This is the