Unicorn is a term used for tech startups that are valued at or more than a billion dollars. According to CB Insights, there are 197 of them in the world right now. 22 of these have become billion-dollar companies during this year and 40 of them achieved this feat last year. In those 40, there was one from MENA as well.
We have prepared this list featuring 20 most valuable unicorns of the world. For valuation, we have relied on the coverage from their last investment rounds and for other information in the list, we have used different sources including Crunchbase, CB Insights, Fortune, Forbes and the websites of these companies.
Uber which was valued at $62.5 billion when it last raised investment from the Saudi Public Investment Fund has seen a drop in its valuation with some reports currently valuing it at $50 billion or less. We however have stuck with $62.5 billion as we’ve used latest investment round as basis for this list.
Another little detail. 15 of these 20 are decacorns, a term used for companies with valuation of $10 billion or more. There’s a term for $100-billion dollar private companies too, hectacorn. But I don’t think we’re going to use it anytime soon.
You may check out more of our lists here. If there’s a specific list that you would like us to work on or if you have any feedback in general about them, please feel free to get in touch.