The term unicorn company used to describe a private company valued at at least $1 billion. The United States is home to the most unicorn company in the world, with over 100 such companies, according to a new report by Howmuch.
In fact, with the digital world making excess capital and new markets available at the touch of a button, the number of companies experiencing hypergrowth has substantively “Unicorn Company” increased. This has allowed nearly 200 companies to reach unicorn status and be valued at more than $ 1 billion – with the most valuable unicorn startups valued at more than $ 10 billion each.
The world’s most valuable unicorn companies
1- Uber ($68 billion)/ U.S
Created in 2009 to lower transportation costs through crowdsourcing, Uber has become the ultimate unicorn despite its rocky history. The company has recently stated it will hit the public market in the next 12–18 months.
2- Didi Chuxing ($50 billion)/ China
Dubbed the Uber of China, Didi Chuxing scaled Uber’s revolutionary services to over 20 million rides daily.
3- Xiaomi ($46 billion)/ China
Xiaomi is a software and electronics producer founded in 2010. The maker of smartphones and laptops and creator of some of the world’s most popular apps, Xiaomi has quickly become one of the most successful private companies of all time.
4. Airbnb ($29.3 billion)/ U.S
Founded in 2007 as a small bed and breakfast, Airbnb has since scaled worldwide to over 65,000 cities. The company saw 80-percent revenue growth from 2015 to 2016.
5- SpaceX ($21.2 billion)/ U.S
The world’s largest privately owned aerospace technology and space travel company. Elon Musk-founded SpaceX became the first private company to launch a spacecraft into orbit and recover it.
6- Palantir Technologies ($20 billion)/ U.S
Founded in 2004, Palantir has become the backbone of data analysis for counter-terrorism, cyber warfare, and financial institutions.
7- WeWork ($20 billion)/ U.S
WeWork was founded to provide shared workspaces and currently operates in 16 different countries. WeWork provides physical and virtual workspaces, employee benefits and social events for location independent workers around the world.
8- Lu.com ($18.5 billion)/ China
Lu.com is an online financial marketplace which started as a peer-to-peer lending platform. Since 2011 it has served over $2.5 billion peer-to-peer loans.
9- China Internet Plus Holding ($18 billion)/ China
Formed after a merger of two successful competitors, Meituan and Dianping, the company has become one of the world’s leaders in online-to-offline services including restaurant bookings and event ticketing.
10- Pinterest ($12.3 billion)/ U.S
Founded in 2009, the visual discovery social media platform serves as a catalog of ideas for hobbyists, business and marketers.