Do you know that there are many successful companies that you may not have heard of? This article will tell you about the top 16 unicorns in the United States and how much they are worth.
CB Insights says that there are more than 1,000 unicorns in the world, and the total value of all of them is a huge $3,638 billion. Around 40% of these people reside in the United States.
These mega-companies, which are run by entrepreneurs who don’t give up, are on the cutting edge of new companies that are building disruptive technology that is changing the world quickly. Have you ever thought about where all the new ideas and digital trends come from, like AI technology, space travel, advanced robotics, 5G connections, and so on? Read on, and this article will make things clear.
There are a ton of great startups in the United States, and we’re proud to call them unicorns. These companies have achieved a valuation of over $1 billion, and they’re changing the way we live and work. To celebrate these successes, we’ve put together a list of the top 16 unicorns in the United States. Whether you’re a startup fan or just curious about what makes these companies so special, read on to find out!
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What is a unicorn company?
CB Insights says that a “unicorn company,” also called a “startup,” is a private business that is worth more than $1 billion. Unicorn companies are private start-up businesses that are valued at at least $1 billion by private investors, business angels, and venture capital firms.
One might think that this kind of company doesn’t happen very often. This was true in 2013, when Aileen Lee came up with the term “unicorn company” to describe companies worth at least $1 billion. Back then, finding a company like this was like finding a mythical unicorn, but now, a new unicorn pops up almost every two days around the world.
Now, unicorn companies are more common in the United States than they were when the term was first used. There are even more types of unicorn companies, such as decacorns (private startups worth $10 billion or more) and hectocorns (startups worth more than $100 billion).
Top 16 Unicorns In The United States
|Name||Valuation (US$ Billions)||Industry||Year Founded||Founder(S)|
|SpaceX||100.3||Aerospace, communication||2002||Elon Musk|
|Stripe||95||Fintech, payment processing||2009||Patrick And John Collison|
|Instacart||39||Supply chain, logistics, and delivery||2012||Apoorva Mehta|
|Databricks||38||Data management and analytics, computer software||2013||Ali Ghodsi, Andy Konwinski, Ion Stoica, Patrick Wendell, Reynold Xin, Matel Zaharia, Arsain Tarakoli|
|Epic Games||31.5||Video Game||1991||Tim Sweetney|
|Fanatics||27||Textile, eCommerce, and direct to consumer||2011||Michael Rubin|
|Chime||25||Fintech||2013||Chris Britt, Ryan King|
|Miro||17.5||Internet software and services||2011||Andrey Khusid|
|Discord||15||Internet software and communication services||2015||Jason Citron|
|Gopuff||15||Ecommerce and retail||2013||Yakir Gola, Rafael Llishayev|
|Ripple||15||fintech||2012||Arthur Britto, David Schwartz, Ryan Fugger|
|Plaid Technologies||13.5||fintech||2013||Zach Perret, William Hockey|
|Grammarly||13||Internet Services||2009||Max Lytvyn, Dmytro Lider, Alex Shevchenko|
|Faire||12.4||Internet Services||2016||Max Rhodes, Marcelo Cortes. Jeffrey Kolovson and Daniele Perito|
|Brex||12.3||Specialty Finance||2017||Henrique Dubugras and Pedro Franceschi|
|Juul Labs||12||Electronic Cigarettes||2015||James Monsees and Adam Bowen|
Entry date: December 1, 2012.
Elon Musk started SpaceX, which stands for Space Exploration Technologies Corp., to make space travel more affordable.
Since it first started doing business twenty years ago, the company has become a leader in both satellite travel and satellite internet communication. The space technology company has done a lot of great things, like making the Falcon series of rockets, which were the first privately funded and built spacecraft, orbital and propellant rockets.
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Investors like Founders Fund, Rothenberg Ventures, and many others have given the Unicorn Company billions of dollars.
Date of entry: January 23, 2014.
Stripe, Inc. is a company that offers financial services and secure payment processing. Its software is mostly used by e-commerce websites and mobile apps to make it easier for people to make financial transactions.
Since it was started in 2009, the multibillion-dollar company has made a lot of big steps forward in its industry by expanding into new markets like Africa, Europe, and Southeast Asia. Thrive Capital, General Catalyst, Founders Fund, Andreessen Horowitz, Tiger Global Management, and a lot others are among the company’s most important investors.
Entry date: December 30, 2014
Instacart is an online grocery shopping and delivery service in the United States. Customers can use a mobile app or website to order groceries from a variety of stores that take part.
A personal shopper will do the shopping for the customer in real time. The personal shopper will pick up the order, package it, and deliver it to the customer within a set time frame.
Instacart changed the way people shop for groceries online, and VC firms like Khosla Ventures, Kleiner Perkins, and the collaborative fund gave it a lot of money.
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Date of entry: February 5, 2019
Databricks is a company that makes software. It makes and sells a cloud data platform and a number of other cloud services that help it work. Private investors like Andreessen Horowitz, Microsoft, Battery Ventures, New Enterprise Associates, Capital G, and Franklin Templeton Investments have given the company $1.9 billion.
5. Epic Video Games
Entry date: October 26, 2018
Epic Games is one of the best companies in the United States. It was started by Tim Sweeney in 1991. As of April 2022, the tech giant was worth more than $31 billion. It has made a name for itself in the gaming industry’s hall of fame.
Epic Games is a company that makes video games and software. Tencent Holdings, Smash Ventures, and KKR are some of the companies that have invested in them.
Entry date: June 6, 2012
This one-of-a-kind company is based in Florida and makes and sells sports gear. It is well-known for providing licensed sportswear and equipment to national sports leagues. Fanatics Inc. has partnerships with more than 1,080 brands, including Adidas, Air Jordan, Puma, Nike, Majestic, Under Armour, Reebok, and many more.
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As of 2021, the company had bought the exclusive rights to make trading cards for MLB, the NFLPA, and the NBA, which would start in 2026.
Firms like Insight Venture Partners, Softbank Group, Temasek Holdings, and Andreessen Horowitz are helping Fanatics raise money. Some of its subsidiaries are Fanatics betting and gaming, Fanatics collectibles, candy digital by Fanatics, Fanatics clothing, and commerce.
Date of entry: March 5, 2019.
Chime is a fintech company based in the U.S. that provides online banking and other financial services to account holders. Since Chime is not a bank, its business is done through the Bancorp bank or the Stride bank.
The company is changing the way banking has been done in the past by offering free banking services and other unique features, like no-fee overdrafts and a minimum fee for transactions.
Crosslink Capital, Forerunner Ventures, and Sequoia Capital are among their investors.
Date of entry: May 1, 2022
Miro is an American unicorn company with offices in Amsterdam and San Francisco. It helps remote and mixed teams communicate and work together on its online platforms.
Accel, Technology Crossover Ventures, ICONIQ Capital, Salesforce Ventures, AltarIR Capital, Atlassian, and many other companies are among their investors. Miro runs one of the most popular websites in the United States, and thousands of people download its apps every month.
Date of entry: April 20, 2018
At first, it was called Hammer and Chisel Inc., but in 2015, it became known as Discord Inc. This American unicorn company offers a VoIP, digital messaging, and communication platform for users in the form of private chats or digital communities called “servers.”
The company runs platforms for both mobile and web use. As of 2021, Discord is said to have more than 150 million monthly active users and more than 350 million subscribers across all of its platforms.
Tencent Holdings, Benchmark, and Greylock Partners are some of the most important investors.
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Date of entry: October 8, 2020
Gopuff is a private retail company that delivers food, household goods, and consumer goods on demand.
Investors like Accel, Anthos Capital, D1 Capital Partners, Softbank Group, and Luxor Capital have put in a lot of money to help the online store grow quickly.
Gopuff’s main office is in Philadelphia, Pennsylvania, which is in both the United States and the United Kingdom. The company has done a lot of interesting things, like buying other companies, working with Uber Eats, and offering specialized services like GoBeer and GoBooze.
Date of entry: December 20, 2019.
Ripple is a financial service system that was created by Ripple Labs, Inc. in 2012. Its remittance network makes it easy to send and receive payments around the world in a safe and quick way.
This US-based unicorn company also offers other services, such as a real-time currency exchanger, support structures for financial tokens, and so on.
Ripple has gotten money from VCs like IDG Capital, Lightspeed Venture Partners, and Venture51.
Date of entry: December 2018
Plaid is an American financial services company with its main office in San Francisco, California. The multibillion-dollar company gives fintech and other digital finance startups a way to send and receive data.
Plaid has a platform that uses technology to make it easy for users to connect to their bank accounts, move cash, and do other banking tasks.
This means that business users can add banking and financial services to their digital platforms using plaid without having to build the structures themselves.
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Some of Plaid’s biggest investors are New Enterprise Associates, Index Ventures, Andreessen Horowitz, Spark Capital, Goldman Sachs Investment Partners, and Altimeter Capital.
In the end, American “unicorn” companies have shown that they have high-growth technology and innovative solutions that meet global needs.
Date of entry: July 1, 2009.
Who has never heard of Grammarly? Millions of people all over the world have used this popular cloud-based writing assistant to fix their grammar and tone. It uses a special AI method to find mistakes and look for other words that could be used instead. It was first released in 2009, and it’s still one of the most-used writing aids in the world today. It checks everything in the content, from spelling and punctuation to grammar, engagement, and clarity.
Date of Entry: 2017
It is another well-known online store that is based in the US. Through Faire’s website, people can shop from more than 40,000 small brands. It is a wholesale market where both brands and retailers can buy and sell goods. Most of the time, it helps retailers find and buy unique items that meet their needs.
Date of Entry: March 1st, 2017.
This technology company’s main office is in San Francisco, California, and it offers financial services. It offers cash management accounts and business credit cards to other technology companies that need them. The Emigrant Bank is the company that gives out the business charge cards that Brex sells.
16. JUUL Labs
Date of Entry: 2017
It is a company that makes electronic cigarettes. It was separated from Pax Labs in 2017. The nicotine salts that come from tobacco are turned into atoms in the JUUL Labs electronic cigarette. Also, the products for the same are put into one-time-use cartridges. The main office of this well-known company is in San Francisco. If you didn’t know, in 2017 JUUL became the most popular electronic cigarette in the US.
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As the market gets more and more competitive, unicorns are working hard and leaving no stone unturned to stay in the field. This is happening everywhere, but the US seems to be the leader in this area. Several unicorns have already reached the top of their fields, and a few more have just started up. Only time will tell what will happen to these real, non-mythical unicorns who are running for success and fame right now.