The high potential of the tech industry has led to the growth of ‘tech unicorns’ which are companies that have been valued at more than $1 billion by investors. Their game changing innovations have caught the eye of many investors. Tech unicorns specialise in different things like payments, technology, businesses, fintech, etc.
An exciting thing is that as of February 2022, there are around 1,000 unicorns globally. Many factors are responsible for the success of start-ups, such as social media, customers, global and rapid expansion. Globally, countries and continents perform differently.
The Covid-19 pandemic affected many businesses, resulting in the closure of some. However, start-up companies in central and eastern Europe remained resilient. This region has seen the birth of 34 unicorns so far, attracting more investors to the region. Among the top three countries are Poland, which has eight unicorns, Estonia with six, and the Czech Republic with four. The Baltic region is well-known for the success of tech unicorns like Bolt, Skype, and Vinted.
These start-ups have made leaps globally. ‘UiPath’, which originated from Romania, is one of the most prominent and successful start-ups. Poland also has ‘InPost’, targeting central eastern Europe and the UK, and ‘CD Projekt RED’, through which it has reported the rise of the most successful gaming companies. These nations have thrived well due to the capabilities of their IT experts.
The UK tech sector is third in the world,...
Read Full Story: https://www.thenews.com.pk/print/940709-the-rise-of-tech-unicorns
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.