Southeast Asia mints 19 unicorns so far in 2021, could surpass previous decade’s total

Southeast Asia mints 19 unicorns so far in 2021, could surpass previous decade’s total

Photo by Claudio Schwarz on Unsplash

Southeast Asia has minted 19 unicorns so far this year alone and is on track to surpass the total number of such companies with valuations of $1 billion or more made over the past decade.

According to data collected by DealStreetAsia published in its latest private capital markets report, 21 companies became unicorns between 2013 and 2020. Lazada was the first one in 2013, followed by Grab and VNG in 2014. 

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