Top 10 Global Unicorn Companies October 2023: TikTok's Parent Company Reigns Supreme

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Erlina Fury Santika 08/11/2023 18:44 WIB

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CB Insights released a list of the highest-valued companies and startups with unicorn and hectocorn status as of October 2023. TikTok's parent company, ByteDance, holds the top position.

Valuation of the 10 Largest Global Unicorn Companies/Startups (October 2023)

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Valuation of the 10 Largest Global Unicorn Companies/Startups (October 2023)

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CB Insights, a global business research and database company, has released a list of startups with unicorn status (a valuation of at least US$1 billion).

The research team reports that there were 1,220 unicorn companies worldwide as of October 2023, with a total accumulated value of US$3,831 billion.

This list includes not only unicorns, but also decacorns (valued at over US$10 billion) and hectocorns (valued at over US$100 billion).

ByteDance ranks first as the world's most valuable company, with a valuation of US$225 billion as of October 19, 2023. This valuation places the TikTok parent company not only in unicorn status, but also as a hectocorn.

CB Insights notes that the Beijing, China-based company received funding from several investors, including Sequoia Capital China, SIG Asia Investments, Sina Weibo, and SoftBank Group.

Second place is occupied by SpaceX, the US space transportation company owned by Elon Musk, with a valuation of US$150 billion as of October 19, 2023. Like ByteDance, SpaceX holds hectocorn status.

Significant investors in SpaceX include Founders Fund, Draper Fisher Jurvetson, and Rothenberg Ventures.

SHEIN takes third place with a valuation of US$66 billion, classifying it as a decacorn startup.

This fast-fashion e-commerce company, founded in China, received funding from Tiger Global Management, Sequoia Capital China, and Shunwei Capital Partners.

The fourth and fifth startups are Stripe and Databricks, with valuations of US$50 billion and US$43 billion respectively. The final company on the list is Canva, the popular graphic design company, with a valuation of US$25.4 billion.

All ten of these highest-valued startups hold not only unicorn status, but also decacorn and hectocorn status due to their valuations exceeding US$10 billion.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Global Unicorn Companies October 2023: TikTok's Parent Company Reigns Supreme

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