CB Insights put together a list of
50 future unicorns (companies that they think will eventually be valued at $1B
or more).
The key takeaways from the data presented:-
Enterprise/big data tools dominate: 30% of
companies on this year’s list work on enterprise or big data tools. DevOps and developer
tools comprise almost half of this category, with companies covering enterprise
search (Algolia), distributed databases (Cockroach Labs), continuous delivery (Harness), chat features (Sendbird), and customer data
protection (BigID).
20% of future unicorns operate in the fintech
space: International markets
are broadly propelling the fintech space, with 6 of the 10 featured fintech
future unicorns located outside the US. Argentina (Ualá) and India (CRED) represent emerging markets
where fintech is gaining momentum. The next most-featured categories after
enterprise/big data tools and fintech are healthcare and hardware, with 8%
representation each.
Several international geographies represented: Of the 50 future
unicorns on the list, Germany and the UK are each home to 3, while India and
Australia each claim 2. Also represented are Argentina, China, France,
Singapore, and Sweden, each with 1 future unicorn. The US accounts for 35
picks, or 70%.
The median company on our list has $125M in
total funding and last raised a Series C round. This is a higher median funding
amount than seen on our 2019 list, where the median was $111M. This reflects
the reality of the ongoing Covid-19 pandemic, where there is a premium on
having financial runway.
North America hosts the most future unicorns: More than two-thirds of
the companies on our list are from North America (70%), with all of them based
in the US. Other geographies with a substantial presence are Europe (16%) and
Asia (8%).
The most represented US states are California (24) and
New York (9). Other states represented include Illinois and Utah — each home to
1 future unicorn on the list.
50 Future Unicorns - CB Insights Research
CB Insights and Fast Company team up to analyze high-momentum startups. CB Insights put together a list of 50 future unicorns (companies that we think will eventually be valued at $1B or more), which Fast Company wrote about here. Clients can view our Expert Collection of 2020's future unicorns here.
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