The tally of new UK unicorns sits at a grand total of one in 2025, with US and UK-based film streaming site Mubi reaching the $1bn valuation milestone in June. Just four startups — Wayve, Flo, Lighthouse and ElevenLabs — hit the benchmark last year. Those numbers are a far cry from the record 16 unicorns created in 2021, during frothier times.
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