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Top 10 Largest Unicorn Startups in the World as of July 2024

Erlina Fury Santika 11/09/2024 16:13 WIB

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According to CB Insights data, there were 10 giant unicorn startups as of July 2024. The ranking remains unchanged from the end of last year, but a number of startups have shown significant growth.

Valuation of the 10 Largest Global Unicorn Companies/Startups (July 17, 2024)

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Valuation of the 10 Largest Global Unicorn Companies/Startups (July 17, 2024)

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Global business research and database company, CB Insights, has re-released its list of startups with unicorn status, or a valuation exceeding US$1 billion.

At least 1,245 unicorns exist worldwide as of Wednesday, September 11, 2024. Their accumulated valuation reaches US$3,927 billion.

In the top 10 list compiled by Databoks, these startup giants not only hold unicorn status, but also include decacorns (valuation exceeding US$10 billion) and hectocorns (valuation exceeding US$100 billion).

ByteDance ranks first as the company with the largest valuation globally, at US$225 billion as of July 17, 2024. This figure remains unchanged since October 19, 2023.

The TikTok parent company holds not only unicorn status but also the title of hectocorn. Its investors include Sequoia Capital China, SIG Asia Investments, Sina Weibo, and SoftBank Group.

Second is Elon Musk's SpaceX, with a valuation of US$150 billion. Investors in this hectocorn startup are Founders Fund, Draper Fisher Jurvetson, and Rothenberg Ventures.

Third is OpenAI, with a valuation of US$80 billion, also holding decacorn status. OpenAI's position rose significantly from October 2023, where it was ranked ninth with a valuation of US$29 billion. Its investor is Khosla Ventures.

Fourth is Stripe, with a valuation of US$70 billion. Its investors include Khosla Ventures, Lowercase Capital, and capitalG.

SHEIN dropped to fifth place from its previous third-place ranking in the previous year, with a valuation of US$66 billion as of July 2024. Investors in the fast-fashion company are Tiger Global Management, Sequoia Capital China, and Shunwei Capital Partners.

Following are Databricks, Revolut, and Chime. Below is the top 10 list of giant global unicorn startups as of July 17, 2024:

* ByteDance US$225 billion
* SpaceX US$150 billion
* OpenAI US$80 billion
* Stripe US$70 billion
* SHEIN US$66 billion
* Databricks US$43 billion
* Revolut US$33 billion
* Fanatics US$31 billion
* Canva US$25.40 billion
* Chime US$25 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 Largest Unicorn Startups in the World as of July 2024

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