Emerging Unicorn Board

An emerging unicorn is a high-growth startup that is on the brink of achieving unicorn status by reaching a valuation of $500 million or more but less than $1 billion in a private company financing. A few examples of current emerging unicorns that could become the next tech unicorns include Affinity, HackerRank, Brightline and Typeform. These potential future unicorns have found product market fit, have a scalable product or service, and have raised millions of dollars in venture capital.

A startup becomes an emerging unicorn by earning a valuation above $500 million but less than $1 billion. A startup achieves this status by first demonstrating its ability to provide value in the form of a product or service that attracts paying customers or users at scale. This traction attracts investors who want to invest in the company based on the belief that its offering has a big enough market to provide a sizable return should there be an exit event, such as an IPO. As the startup raises capital and grows key success metrics, such as annual recurring revenue, its valuation increases and it moves closer to becoming one of the next unicorn startups.

Examples of companies that became unicorns after being featured on the Emerging Unicon Board include GoCardless, Acorns, Patreon and Betterment.

If you know of a private company that is valued above $500 million but less than $1 billion, please reach out to support@crunchbase.com with the relevant funding round and valuation data. Once this data is verified by our analysts, we will add the company to the board. For press inquiries, please reach out to press@crunchbase.com.