There is a population boom in unicorns.
There are now a record of 701 private companies around the world with a valuation of more than $ 1 billion – the cutoff for unicorn status – according to the research company’s latest census CB insights. The list includes 31 “Dekacorns” valued at more than 10 billion US dollars. ByteDance, TikTok’s parent company, is the largest, valued at $ 140 billion.
Among the other top rated companies on the list: The payment company Stripes, most recently valued at $ 95 billion; SpaceX, Elon Musk’s missile company, at $ 74 billion; the China-based ride-sharing business Didi Chuxing, at $ 62 billion; and the grocery delivery service Instacart, at $ 39 billion.
US companies dominate the list with 52% of the current unicorns, while China is home to 21%. Companies from 35 countries have qualified, with high concentration in India, Great Britain, Germany, Israel and Brazil.
The pandemic does not appear to have done anything to dampen venture capital’s interest in building new businesses. The list includes 182 companies that have achieved unicorn status for the first time since the beginning of 2021.
The largest investor in unicorn companies is Tiger Global Management, with interests in more than 100 of the current companies on the list, reported CB Insights. SoftBank group second with investments in 69 unicorns, followed by Tencent stocks, the investment arm of the China-based internet giant, at 58. Rounding out the list of top 10 investors in these large private companies Sequoia capital of China, Fur management, Sequoia capital, DST Global, Accel, Andreessen Horowitz, and Goldman Sachs.
According to CB Insights, more than 200 institutions have invested in five or more unicorns.
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