Gazelle companies refer to start-ups founded in the 2000s that are worth over $500 million and are not yet listed on a public exchange and most likely to go "unicorn" or hit a valuation of $1 billion within three years.
Among the 525 gazelle companies Hurun Research found in the world, 201 are from the US, ranking first on the list, with China at the second place with 171 gazelle companies.
2021 was officially the most successful year for start-ups ever with more than 500 known gazelles, leading a new generation of disruptive technology, said Rupert Hoogewerf, Hurun Report chairman and chief researcher.
Top five industries attracting gazelles from China are biotech, enterprise services, AI, healthtech and e-commerce, while the hottest industries for US gazelles are fintech, SaaS, biotech, Healthtech and Cybersecurity.
With cutting-off date of Nov 1, 2021, this is the first time for Hurun Research to launch the Hurun Gazelle Index on a global level, indicating which countries have the world's best start-up ecosystems.
Let's take a look at the top 10 countries with world's most gazelles.
No 1 USNo 2 China
No 3 India
No 4 UK
No 5 Germany
No 6 France
No 7 Israel
No 7 tied Singapore
No 9 Switzerland
No 10 Canada
No 10 tied Ireland
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