Which startups could be the next unicorns?

Crunchbase has curated a list of over 300 global startups that it deems most likely to attain coveted unicorn status. By definition, a unicorn is a private company with a valuation of over $1 billion priced via a venture funding round. 

The burgeoning unicorn startups chosen by Crunchbase are currently valued at $500 million and up but less than $1 billion. 

Those on the list could go on to become private unicorns — if they do not get acquired or go public in the meantime.

Findings to know

A review of Crunchbase’s Emerging Unicorn Board points to four standout findings among aspiring unicorns. 


1. Accel is the most active investor among emerging unicorns with 69 funding rounds.


2. Leading industries are financial services, commerce and shopping, and data and analytics.


3. The U.S. tops the list and India ranks second, tallying 158 and 31 companies, respectively


4. The startups that raised the most are the U.K. ‘s Atom Bank at $692 million and India’s Dunzo at $685 million, pushing their post-money valuations to $591 million and $775 million, respectively.

Top 15 likely next unicorns

Here are 15 global startups that have reached a valuation of nearly $1 billion and could soon be throned unicorns, arranged in order of descending post-money valuation.

1. Zigbang

– Based in Seoul, South Korea, Zigbang is a real estate listing platform. The startup has received total equity funding of $200 million to reach a post-money value of $991 million. Founded in 2010.

2. Delphix

– Based in Redwood City, California, Delphix manages the DevOps test management system. The company has received total equity funding of $120 million, attaining a post-money valuation of $981 million. Founded in 2008.

3. League

– Based in Chicago, League is a technology platform that provides next-generation health care consumer experiences. The startup has raised total equity funding of $171 million, holding a post-money valuation of $965 million. Founded in 2014.

4. Heap

– Based in San Francisco, Heap provides over 6,000 companies with the analytics and insights they need to make good business decisions. It has raised total equity funding of $218 million to reach a post-money valuation of $960 million. Founded in 2013.

5. Zilingo

– Based in Singapore, Zilingo is a Southeast Asia-focused e-commerce firm. The startup has received total equity funding of $308 million, reaching a post-money valuation of $951 million. Founded in 2015.

6. LanzaTech

– Based near Chicago, LanzaTech offers carbon recycling technology that transforms waste carbon into useful materials. The company has received total equity funding of $291 million and attained a post-money valuation of $950 million. Founded in 2005.

7. Astera Labs

– Based in Santa Clara, California, Astera Labs is a semiconductor company that designs connectivity solutions on demand for data-centric systems. It has a post-money valuation of $950 million, achieved by raising equity funds of $56 million from various sources. Founded in 2017.

8. CarTrade

– Based in Mumbai, India, CarTrade offers a portal that allows customers to buy new or used cars or to sell their own cars. The startup has raised total equity funds of $307 million to attain a post-money valuation of $947 million. Founded in 2009.

9. SingleStore – Based in San Francisco, SingleStore provides a database for operational analytics and cloud-native applications. It has raised $268 million from various sources to attain a post-money valuation of $940 million. Founded in 2011.

10. Zum

– Based in Redwood City, California. Zum provides a modern, integrated student transportation system for schools. The company reached a post-money valuation of $937 million after raising equity funds of $208 million. Founded in 2015.

11. Typeform

– Based in Barcelona, Spain, Typeform is a software-as-a-service company that designs people-friendly online forms, quizzes and surveys. It has raised a total equity funding of $187 million to reach a post-money valuation of $935 million. Founded in 2012.

12. Xiaohuanggou

– Based in Beijing, Xiaohuanggou provides AI-powered waste management services. It has received total equity funding of $163 million to attain a post-money valuation of $932 million. Founded in 2017.

13. Shiprocket

– Based in Delhi, Shiprocket is India’sleading eCommerce and logistics service provider. It has reached a post-money valuation of $930 million by raising equity funds of $354 million. Founded in 2017.

14. Rimac Automobili

– Based in Zagreb, Croatia, Rimac Automobili manufactures high-performance electric cars, drivetrains and battery systems. It has raised equity funds of around $339 million to reach a post-money valuation of $922 million. Founded in 2009.

15. Stenn

– Based in London, Stenn is an online lender that finances companies in over 70 countries. It attained a post-money valuation of $912 million after raising equity funding of $49 million. Founded in 2015.