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The Next 100 Private Unicorns

The Next 100 Private Unicorns
December 13, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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Good morning! I hope you had an excellent weekend and stayed warm.

We’ve put on our prediction hats and combed through the data to determine which companies are headed for Unicorn status. Once a rare marker for startups, private companies are achieving this significant title with greater speed and frequency in an increasingly competitive investor landscape that includes hedge funds, family offices, and other non-traditional investors.

For this report, we scoured our database for the private companies with valuations approaching the $1BN+ marker. We ranked them according to revenues and employee growth to create our list of the Next 100 Unicorns.

The top industries for tech startups competing for membership in the Billion Dollar Club are SaaS and health care, with 17 and 14 of the top rankings, respectively.


Here’s a closer look at the Top 5 Next Unicorns:

  1. Harness is the developer of a continuous delivery-as-a-service platform created to simplify the software delivery process for software engineers. It's a SaaS company currently holding down an $850MM valuation after receiving $195MM in funding.

  2. Viacyte is a biotech company developing novel cell replacement therapies based on two significant technological advances: cell replacement therapies derived from pluripotent stem cells and medical device systems for cell encapsulation and implantation. The company has raised $268MM since 1999 to reach a recent $850MM valuation.

  3. Digital Asset is a blockchain-based app development platform. The fintech company has raised $307MM en route toward an $835MM valuation.

  4. Wasabi Technologies provides hot cloud storage for businesses worldwide to store and access an infinite amount of data. This Boston-based startup has reached an $800MM valuation after $273MM in investments.

  5. Corvus Insurance is a provider of commercial insurance products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to predict and prevent loss. The insurtech company has raised $161MM, leading to an $800MM valuation.

 

For more, read the full report here.

End the year ahead of your competition with PrivCo Select  - now 15% off with code : HOLIDAY21
Since last week, PrivCo has added:
591 Companies | 476 Funding Activities | 52 M&A Deals

 

Funding & Deal Highlights:
 

Universe, Inc raises $30MM funding from GV

Web Development • Round B • Brooklyn, NY
 

NewtonX raises $32MM from Two Sigma Investments

Market Research • Round B • New York, NY
 

Resolve raises $25MM from Insights Partners

FinTech • Equity • New York, NY
 

Perchwell raises $15MM led by Founders Fund

PropTech • Round A • New York, NY
 

Pontoro raises $6MM led by Ulu Ventures

Blockchain • Seed • Mountain View, CA
 

K36 raises $30MM from Atlas Ventue

BioTech • Round A • Cambridge, MA
 

Cloudbees raises $245MM from Goldman Sachs

Enterprise Software • Round F • Lewes, DE
 

Totus raises $40MM from Northpond Ventures

BioTech • Round A • Cambridge, MA


Edge Impluse raises $34MM from Coatue

Artificial Intelligence • Round B • San Jose, CA
 

Inrupt raises $30MM led by Forte Ventures

Open Source • Round A • Boston, MA

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