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Next-Gen Unicorns

Written by Nellie
Next-Gen Unicorns

While venture capital funding and public markets continue to face tremendous challenges, there are companies close to achieving billion-dollar status in spite of and, in some cases, even because of the impending challenges for businesses in a post-pandemic world. We’ve named 50 private companies we believe will achieve unicorn status in the near future before an IPO, acquisition, or business breakdown.

To identify the next potential unicorns, we looked at the data from PrivCo to pinpoint startups with valuations below $1BN and ranked them by their performance based on recent funding activity, revenue, and employee growth.

Key Takeaways from this Insight:

  • The top growth categories for up and coming unicorns are Fintech, Healthtech, Sustainability, and Cyber Security.
  • The companies with the highest revenues were primarily in finance and healthcare.
  • The industries that experienced the highest revenue and employee growth rates were in fintech, healthcare, and cybersecurity.
  • The average years in business for these companies is 7.52 years.

Here are 25 of our predicted next-gen of unicorns:

CompanyTotal RaisedCategory
HawkEye 360$304MMAerospace & Defense
Coralogix$238MMArtificial Intelligence
Enable Injections$297MMHealth Care
Paycargo LLC$290MMFintech
Astronomer$283MMArtificial Intelligence
Kin Insurance$246MMInsurtech
Verana Health$289MMHealth Care
CelLink Corporation$311MMSustainability
Critical Start$255MMCyber Security
Castle Creek Biosciences$309MMHealth Care
Cleerly$281MMHealth Care
Connecteam$169MMWorkplace Management
Genesis Global Technology$270MMFintech
H1 Insights$220MMBig Data
FreshRealm$247MMConsumer Products
Scipher Medicine$227MMHealth Care
Mosyle Corporation$248MMCyber Security
Semperis$240MMCyber Security
Brightline$212MMHealth Care
Gorgias$72MMCustomer Service
Madison Reed$224MMConsumer Products
Read on to find out more about what makes these industries the ascending stars of private companies.

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