Did you know that in June 2020, the official number of unicorns in the world stood at 476? No witchcraft or wizardry here, we’re actually referring to startups valued at over a billion dollars (known as unicorns). With a total cumulative value of around $1.4 billion, 82% of unicorns were backed by venture capitalists, up from just 20% a decade ago. In 2018, Spotify was still the biggest unicorn in the EU, with a post-IPO valuation of $29.5 billion.