However, the Netherlands provides a minor bright spot, according to a new report by PwC.
The US accounts for 55% of these and a whopping 75% of their total valuation.
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The country has produced 32 unicorns, with 72% still active.
Most emerged between 2018 and 2022, mirroring global trends.
The majority of the active flock have engaged with TNWs services.
Among them are Ayden,Bird,Bunq,Booking.com, andPicnic.
Amsterdam alone hosts 7% of all unicorns in the bloc.
The Netherlands has also done better than most at attracting unicorns to relocate.
Five billion-dollarstartupshave migrated to the country.
Only one unicorn has left for the US.
The data was released just days after aworrying reporton the Dutch tech ecosystem.
The new findings provides a glimmer of hope for the Netherlands, but also raises concerns.
Second, regulatory fragmentation is causing disruption.
Third, the sheer size and uniformity of the US domestic market provide a competitive edge.
Finally, companies often move stateside to access a deeper talent pool.
If the EU wants to kill the unicorn gap, PwC advises the bloc to act decisively.
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Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
