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A brand new report has discovered online game developer Dapper Labs is the No. 1 unicorn firm in Canada with its value pegged at greater than $7.6 billion.
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A unicorn firm refers to a privately held firm valued at greater than $1 billion
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Based in 2018, Dapper Labs makes a speciality of creating blockchain-based video games.
The corporate reached unicorn standing on March 30, 2021.
“Utilizing information from the enterprise analytics platform CB Insights, the workforce at BestBrokers discovered that as of 2024, Canada is dwelling to 21 of the world’s 1,241 billion-dollar startups. Collectively, these Canadian unicorns boast a powerful valuation of $52.2 billion with practically half working within the enterprise tech business,” CB Insights mentioned in a launch.
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As of 2024, Canada ranked eighth on this planet with 21 unicorn corporations.
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The USA topped the checklist with 662 unicorn corporations, adopted by China with 169, India with 71, the U.Ok. with 54, Germany with 31, France with 27 and Israel with 25.
Canadian unicorn corporations made up 1.69% of the worldwide complete and contributed $52.2 billion to the world’s total unicorn valuation, which got here in at $3.899 trillion.
Of the 21 Canadian unicorn corporations this yr, 10 (47.62%) have been in enterprise tech, 4 (19.05%) have been in monetary providers, three (14.29%) in client and retail, two in industrials (9.52%) and one every in media and leisure (4.76%) and well being care and life sciences (4.76%).
Toronto stood as Canada’s unicorn capital with eight corporations, adopted by Vancouver with 5. Montreal and Waterloo every had two, whereas Mississauga, Kitchener, Burnaby and Ottawa every had one consultant.
Canada’s second-rated unicorn firm was Toronto’s 1Password, value $6.8 billion, adopted by Montreal’s Hopper at $5 billion and SSENSE at $4.15 billion and and Mississauga’s PointClickCare at $4 billion.
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