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Hurun Global Unicorn List 2019

Intro
The Hurun Research Institute today released the inaugural Hurun Global Unicorn List 2019. This is the first year of the list.

HURUN RESEARCH FINDS 494 UNICORNS IN WORLD

CHINA LEADS USA BY 206 TO 203, MAKING UP 83% OF WORLD’S UNICORNS. INDIA AND UK FOLLOW WITH 21 AND 13. ‘BIG 4’ MAKE UP STAGGERING 90%.

WORLD’S TOP THREE UNICORNS FROM CHINA: ANT FINANCIAL US$150BN, BYTEDANCE US$75BN AND DIDI CHUXING US$55BN

E-COMMERCE AND FINTECH LEAD WITH 68 AND 56 UNICORNS, FOLLOWED BY CLOUD 44

UNICORNS IN AI SECTOR 40, SHARED ECONOMY 22, LIFE SCIENCES 18. OTHER SECTORS INCLUDE EDTECH, E-CARS, BLOCKCHAIN, 3D PRINTING, SPACE TECH AND ROBOTICS

7 YEARS AVERAGE AGE OF UNICORN

SEQUOIA WORLD’S MOST SUCCESSFUL INVESTOR INTO UNICORNS, BEING A KEY INVESTOR IN ONE IN FIVE OF THE WORLD’S UNICORNS. OTHERS INCLUDE TENCENT, SOFTBANK, TIGER, IDG, GOLDMAN SACHS AND ALIBABA.

TOTAL VALUE OF ALL KNOWN UNICORNS IN THE WORLD US$1.7 TRILLION


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(21 October 2019, Wuzhen Zhejiang, China and Mumbai, India) The Hurun Research Institute today released the inaugural Hurun Global Unicorn List 2019, a ranking of the world’s billion-dollar tech ‘start-ups’ founded in the 2000s and not yet listed on a public exchange.  This is the first year of the list, and follows on from the 6th quarterly Hurun China Unicorn Index. Valuations are a snapshot of 30 June 2019.

Hurun Research found 494 unicorns in the world, based in 24 countries and 118 cities. Set up seven years ago on average, they are worth US$3.4bn on average and US$1.7tn in total.

 

Hurun Report Chairman and Chief Researcher Rupert Hoogewerf said: “We have found just under 500 unicorns in the world. The Hurun Global Unicorn List 2019 is designed to inspire entrepreneurship amongst wannabe entrepreneurs and encourage investors. These young companies, only seven years old on average, are the world’s most exciting start-ups, leading a new generation of disruptive technology.”

 

“China and the USA dominate with over 80% of the world’s known unicorns, despite representing only half of the world’s GDP and a quarter of the world’s population.  The rest of the world needs to wake up to creating an environment that allows unicorns to flourish in.”

 

 

Where are the World’s Unicorns based?

The world’s unicorns are based in only 24 countries around the world, spread around 118 cities. China pipped the USA to lead by 206 versus 203, together accounting for over 80% of the world’s unicorns. Europe has 35 unicorns.

India was third with 21 unicorns, led by payments solutions platform One97 Communications (US$10bn), cab aggregator Ola Cabs (US$6bn), online educator Byju’s (US$6bn), and travel-stay finder OYO Rooms (US$5bn).


The UK was fourth with 13, led by health and beauty online retailing platform The Hut Group (US$5bn). Interestingly, the UK has more unicorns than Germany and France combined.


By city, Beijing is the world’s unicorn capital with 82, comfortably ahead of San Francisco with 55, followed by Shanghai, New York and Hangzhou. As a region, Silicon Valley leads the world with 102 or 21% of the world’s unicorns.


Table 1: Top Countries and cities where the world’s unicorns are based

Country



City



1

China

206


1

Beijing

82

2

USA

203


2

San Francisco

55

3

India

21


3

Shanghai

47

4

UK

13


4

New York

25

5

Germany

7


5

Hangzhou

19

5

Israel

7


6

Shenzhen

18

7

South Korea

6


7

Nanjing

12

8

Indonesia

4


8

Palo Alto

10

8

France

4


9

Bengaluru

9

8

Brazil

4


9

Redwood City

9

11

Switzerland

3


9

London

9

12

Sweden

2


12

Guangzhou

8

12

Japan

2


12

Boston

8

12

Singapore

2


14

Gurgaon

7

15

Spain

1


15

Mountain View

6

15

Australia

1


16

Sunnyvale

5

15

Colombia

1


16

Seoul

5

15

Ireland

1


18

Sao Paulo

4

15

Finland

1


18

Jakarta

4

15

Argentina

1


18

San Diego

4

15

Malta

1


18

Atlanta

4

15

Philippines

1


18

Santa Monica

4

15

Estonia

1


18

Paris

4

15

Luxembourg

1


18

Berlin

4





18

Chengdu

4





18

Hong Kong

4





18

Chicago

4

Source: Hurun Research Institute

 

What industries are the World’s Unicorns from?

E-commerce and fintech make up 31% of the world’s unicorns, followed by cloud and AI. The world’s unicorns span 25 industries, with the ‘Big 5 Industries’ making up half of the total. Hoogewerf says, “These are the industries that are disrupting the world economy, initiating the Fourth Industrial Revolution, and widely considered to hold the key to the future.  Not surprising that many of the world’s top young talent want to work in these sectors.”

 

Table 2: Top Industries

For the full list of companies by sector, see Appendix 2


Industry

No.   of Unicorns

%   of total value

1

E-commerce

68

9%

2

FinTech

56

22%

3

Cloud

44

7%

4

Artificial Intelligence

40

5%

5

Logistics

34

6%

6

Health Tech

27

3%

7

Media & Entertainment

24

9%

8

Shared Economy

22

11%

9

Software and Services

21

1%

10

Life Sciences

18

3%

10

Big Data

18

2%

12

E-Cars

15

2%

12

EdTech

15

2%

14

Real Estate Tech

13

2%

15

Consumer Goods

12

4%

16

New Retail

11

1%

16

Blockchain

11

2%

18

New Energy

10

1%

19

Video Games

9

1%

20

Cyber Security

7

1%

21

Instant Messenger

6

<1%

22

Robotics

4

1%

23

AR/VR

3

1%

23

3D Printing

3

<1%

23

Space tech

3

2%

Source: Hurun Research Institute


E-commerce. Whilst Amazon may have grown to become the world’s leading ecommerce platform, there are plenty of e-commerce start-ups that are competing in this space. South Korea’s largest online retailer Coupang, US online market-place Wish and CARS from China lead the industry with US$9bn valuations, followed by China’s Meicai and Indonesia’s Tokopedia (US$7bn). Total value of all the e-commerce unicorns in the world is US$147.5bn, or 9% of the total value of the club.


FinTech. Fintech is revolutionizing the world financial sector and disrupting the calm demeanour of the long established banks. The most valued FinTech unicorn is Ant Financial (US$150bn), followed by online wealth management platforms Lufax (US$38bn) and Stripe (US$23bn). FinTech dominates with US$376bn or 22% of the total value of all unicorns.


Cloud. The Cloud industry comes third with 7% of the unicorns in the list. Top cloud computing companies are US-based enterprise software company Infor (US$50bn) and IoT solutions provider Samsara Networks (US$4bn), followed by Australia-based Canva (US$3bn), Confluent (US$3bn) and Rubrik (US$3bn). Total value of all cloud unicorns is US$116bn.


Artificial Intelligence boasts a total of 40 unicorns or 8% of the global list. Top AI companies are US-based self-driving automation developer Argo AI (US$7bn) and robotics company UiPath (US$7bn), followed by China-based SenseTime (US$6bn) and Megvii (US$4bn). Total value of all AI unicorns is US$81bn.


Logistics has 34 unicorns led by China-based Cainiao (US$19bn) and San Francisco-based DoorDash (US$13bn), followed by JD Logistics (US$12bn) and Go-Jek (US$10bn). These unicorns make up 6% of the global list and their combined valuation comes to US$108bn.


HealthTech ranks 6th with 27 or 5.4% of the unicorns. The industry mostly caters to providing healthcare services or financing assistance with the help of technology. With its own online healthcare ecosystem, PingAn Healthcare Technology is the most valuable at US$9bn. Following is Hangzhou-based WeDoctor, an online healthcare outfit at US$6bn, and United Imaging (US$4bn).


Media & Entertainment has 24, or just above 4.8% of the unicorns. The most valued in the sector is ByteDance (US$75bn), followed by China-based Kuaishou (US$18bn). Other interesting entries include Reddit (US$3bn) and Deezer (US$1bn). Total value of all the unicorns in this industry comes to US$149bn or 9% of the whole list.


Shared Economy at 8th spot with 22 unicorns, and the total value of industry unicorn comes to US$193bn or just 4.4%. The sector is led by Beijing-based mobile transportation platform Didi Chuxing (US$55bn). Online marketplace Airbnb (US$38bn) comes second followed by American shared workspaces company WeWork (US$30bn).


Life Sciences is in 10th place with 18, or just under 4% of the unicorns. At the top is biopharmaceutical company Samumed (US$12bn), followed by genome sequencing start-up Grail (US$8bn), and Roivant Sciences (US$7bn). Genome or genetic sequencing in the Biotech industry is making a round for its possible ability to prevent and detect diseases early. Grail, Tempus (US$3bn), Oxford Nanopore Tech (US$2bn), 23andMe (US$2bn) and 10X Genomics (US$1bn) are start-ups actively involved in the gene-sequencing space. Total value of all biotech unicorns comes to US$57bn or above 3% of the total.


Which are the world’s Most Successful Investors?

Sequoia is far and away the world’s most successful investment platform at finding and investing into unicorns, investing into one in five of the world’s known unicorns, followed by SoftBank, Tencent, Tiger, IDG, Goldman Sachs and Alibaba. Hoogewerf says, “Unicorns are supposed to be hard to find, but investors like Sequoia, Softbank and Tencent make it look easy.”

An interesting difference between China and the USA is that China’s big tech companies are also some of the world’s biggest investors into start-ups.  The likes of Amazon and Google by contrast, barely make the Top 100 investors.

 

Table 3: Most successful investors into unicorns – Top 10

(for the full list of the Top 100 investors, see Appendix)


Investor

No. Of   Unicorns

1

Sequoia

92

2

Tencent

46

3

Softbank

42

4

Tiger Fund

36

5

IDG

31

6

Goldman Sachs

24

7

Alibaba

22

8

Andreessen Horowitz

20

8

DST

20

10

GGV

19

10

Qiming

19

 Source: Hurun Research Institute

 

Start-up or incubated? 20 or 4% of the world’s unicorns were incubated by large companies before being spun off and attracting outside investors. Hoogewerf says, “Chinese companies are far and away the most successful at spinning off unicorns, with 18 of the world’s 20 ‘spun-off’ unicorns. Alibaba, for example, started Alipay, before spinning its fintech business into Ant Financial in 2014.”

 

Alibaba, PingAn and China-based e-commerce platform JD have spun off three unicorns respectively, followed by Suning and Netease with two respectively.

 

Table 4: Unicorns spun off from large corporations

Company Name

Spun off from

Country

Valuation US$bn

Industry

Ant Financial

Alibaba

China

150

FinTech

Taobao Dianying

Alibaba

China

2

E-commerce

Alisports

Alibaba

China

1

Media & Entertainment

Lufax

PingAn

China

38

FinTech

Ping An Healthcare Technology

PingAn

China

9

Health Tech

OneConnect

PingAn

China

7

FinTech

JD Digits

JD

China

19

FinTech

JD Logistics

JD

China

12

Logistics

JD Health

JD

China

1.5

Health Tech

Suning Finance

Suning

China

7

FinTech

Suning Sports

Suning

China

2

Media & Entertainment

NetEase Music

Netease

China

1.5

Media & Entertainment

Youdao

Netease

China

1

Software and Services

Beike

Lianjia

China

9

Real Estate Tech

Uber ATG

Uber

USA

7

Shared Economy

Du Xiaoman Financial

Baidu

China

3

FinTech

Whaley

CMC

China

1.5

Consumer Goods

Shuhai

Haidilao

China

1.5

Logistics

RRS

Haier

China

1.5

Logistics

Kingsoft Cloud

Kingsoft

China

1.5

Cloud

Daojia

58

China

1

Software and Services

Nikola Motor Company

Nikola

USA

1

E-Cars

Source: Hurun Research Institute



Top 10 Unicorns in the World

The Top 10 make up 31% of the total valuation of all the world’s unicorns. All are from the USA or China.

 

Table 5: Hurun Global Unicorns 2019 TOP 10

Rank

Name

Valuation (US$ billion)

Headquarters

1

Ant   Financial

150

Hangzhou,   China

2

ByteDance

75

Beijing, China           

3

Didi   Chuxing

55

Beijing,   China

4

Infor

50

New   York City, USA

5

JUUL   Labs

48

San   Francisco, USA

6

Airbnb

38

San   Francisco, USA

6

Lufax

38

Shanghai,   China

8

SpaceX

35

Los   Angeles, USA

9

WeWork

30

New   York City, USA

10

Stripe

23

San   Francisco, USA

Source: Hurun Research Institute


Ant Financial. At US$150 billion, Hangzhou-based Ant Financial is the most valuable unicorn in the world. Founded in 2014, Ant Financials’ main business is the online payment platform Alipay, which was spun out of Alibaba. In June 2018, Ant Financial raised US$14bn in a round led by GIC and Tamasek to value the business at US$150bn.


ByteDance. Valued at US$75bn, Beijing-based content discovery platform ByteDance is the second-most valuable unicorn. Founded in 2012 by Zhang Yiming, ByteDance runs AI powered news-aggregation platform, Jinri Toutiao and more famously video-sharing application TikTok. Bytedance has raised US$4.3bn to date in three funding rounds from investors like General Atlantic, KKR, Primavera Capital Group, Goldman Sachs, Morgan Stanley and Softbank. In July, ByteDance acquired Jukedeck, an AI-powered music creating application.


Didi Chuxing. Valued at US$55bn, Beijing-based cab-hailing platform Didi Chuxing is the 3rd most valuable unicorn in the world. Founded in 2012 by Cheng Wei, Didi has raised US$21.2bn from 31 investors in 18 funding rounds. Its latest funding was in July from Toyota Motor Corp for US$600mn. It has entered into a joint venture with energy giant BP to build electric vehicle charging stations in China.


Infor. Valued at US$50bn, New York-based Infor builds SMB and Enterprise ERP software cloud products. Founded by Jim Schaper in 2002, Infor has raised US$4bn in four rounds of funding with the latest coming in January, when it raised US$1.5bn from Golden Gate Capital and Koch Equity Development.


JUUL Labs. San Francisco-based JUUL Labs is an e-cigarettes manufacturer which reportedly controls three-fourth of the US nicotine-vaping products market. Founded in 2015 by Adam Bowen, James Monsees, Kevin Burns and Tim Danaher, JUUL has raised US$13.6 billion till date. Its latest funding round with mutual fund Capital Re in May valued the unicorn at US$48 billion. Two other vaping businesses made the list: San Francisco-based PAX Labs and Shenzhen-based RELX, both valued at US$2bn.


Airbnb. Founded in 2008, San Francisco-based Airbnb is an online marketplace for travellers looking for lodging. Airbnb currently operates in 81,000 cities in 191 countries. In 2018 alone, 2 million guests used Airbnb rentals. Since inception, Airbnb has raised US$4.4 bn in 16 rounds.


Lufax. Shanghai-based online financial asset marketplace was incubated PingAn Insurance and has raised US$3 billion from investors including Primavera Capital Group, COFCO and BlackPine.


SpaceX. Elon Musk founded LA-based SpaceX in 2002, and has raised US$3.2bn in 22 funding rounds, with the latest one valuing the unicorn at US$35 billion.


WeWork. With a valuation of US$30bn, new York-based WeWork is the 9th most valuable unicorn in the world, providing shared work-space founded by Adam Neumann and Miguel McKevley in 2010. WeWork has till date raised US$12.8bn from investors including Softbank, Wellington Management, Benchmark and Hony Capital. In its latest Series H funding in Jan, the company raised US$1bn from Softbank to reach a valuation of US$30bn.


Stripe. Started by brothers John and Patrick Collison in 2010, San Francisco-based Stripe rounds off the Top 10 most valuable unicorns in the world. Stripe provides payments solutions to businesses and helps companies start up by providing the online infrastructure to manage operations. Stripe has raised US$785mn to date from investors including Thrive Capital, General Catalyst, Capital G and Sequoia Capital. Its highest funding round was in September’18 where it raised US$245mn with Tiger Global Management as lead investor.

 

Some Interesting Unicorns


SoFi

SoFi is an online wealth management and personal finance company which allows borrowing, investing, spending and insurance services to individuals. Borrowings include personal, mortgages and student loans, while insurance includes home auto and life. SoFi evaluates its borrowers by tracking their professional and repayment history, and observing their free cash flow in what can be called an underwriting model. SoFi, which was founded in 2011 by Daniel Macklin, Ian Brady, James Finnigan and Michael Cagney, comes under the category of Challenger Banks. These customer-centric banks are small, online, recently established retail banks which pose competition to older, well-established banks. They have more flexible lending rates, lower operational costs and higher profits, all the while maintaining a better RoE compared to larger banks. SoFi, which has raised US$2.5 billion in 12 funding rounds, is valued at US$4 billion. There are 15 Challenger Banks in the Hurun Global Unicorn List, including Nubank (US$4bn), Credit Karma (US$4bn), Greensill (US$3.5bn), Affirm (US$3bn) and N26 (US$3bn).


Indigo AG

Indigo Agriculture is sustainable farming start-up founded by David Perry, Geoffrey von Maltzahn, Ignacio Martinez and Noubar Afeyan in 2014. Indigo helps farmers grow healthier crops and maximize their productivity by developing microbial and digital technologies, introducing efficient water-usage systems and reducing using of fertilizers and pesticides over time. It also benefits the consumers by improving crop health. Indigo AG has raised a total of US$609 million from investors including Flagship Pioneering, Alaska investment Fund, and Baillie Gafford in 6 funding rounds. The latest, Series E in September, 2018 for US$250mn, valued the unicorn at US$3.5bn.


Zume Pizza

Zume is a California-based automated pizza delivery platform founded in 2015 by Alex Garden and Julia Collins. The company uses robotics and artificial intelligence to deliver freshly baked pizzas cheaper and faster. Zume has its professional chefs prep fresh pizzas and load into the mobile kitchens where the robots perform the task of baking upto 700 pizzas daily on its way to delivery. Zume has raised US$423mn in seven rounds. In its last funding round in 2015, Zume raised money from Signal Fire and was valued at US$2bn.


BenevolentAI

UK-based BenevolentAI is a fully integrated artificial intelligence-based medical research, early stage drug discovery and late-stage development company. It is the only biotechnology firm in the world with this kind of end-to-end capability. The company is working in the fields of chiefly ALS, as well as Parkinson’s, Glioblastoma and Sarcopenia. Benevolent uses AI to mine and analyse biomedical data from research papers and clinical trials and uses predictive analysis to identify existing molecules for different treatments as well as new ones. The company is currently researching new potential treatments and therapies for ALS. Benevolent AI, as of its last funding from April, 2018, is valued at US$2 billion.

Impossible Foods

US-based impossible foods develops plant-based meat and cheese substitutes to use in everyday foods. It aims to reduce the environmental damage and animal misuse that comes with the ever-growing demand and consumption of meat. Impossible Foods menu is available in over 5000 restaurants across USA, Singapore, Macau and Hong Kong. The company, as of May’19, is valued at US$2bn following a series E funding by Horizon Ventures and Tamasek Holdings. Impossible boasts a number of celebrities as minor investors. Some of them include Shawn ‘Jay-Z’ Carter, Serena Williams, Katy Perry, Jaden Smith, Kal Penn, Trevor Noah and Bill Gates. The new unicorn was founded in 2011 by Monte Casino and Patrick Brown.


Sweetgreen

Sweetgreen is a US-based casual salad-and-bowl restaurant chain that serves healthy, seasonal salads. For the health and environment conscious, Sweetgreen sources its food every day from farmers who use sustainable techniques. Sweetgreen, which has its presence online as well as at over 200 locations, was started in 2007 by Jonathan Neman, Nathaniel Ru and Nicolas Jammet. It has raised up to US$329mn in ten rounds of funding. Its Series H funding led by Fidelity, for US$200mn, valued the salad chain at US$1bn.


OrCam Technologies

OrCam is an AI-driven artificial vision innovator. It aims to harness the power of artificial vision using pioneering technology to develop wearable devices which help those dealing with visual disabilities. It uses smart algorithms and a camera to assist individuals who are blind, visually impaired, or have reading difficulties interact with their surroundings without having done any invasive procedures. OrCam was founded by Amnon Shashua and Ziv Aviram in 2010. It has raised US$86mn in funding to date and is valued at US$1bn. Its major investors include Clal Insurance Enterprise Holdings, Meitav Investment House and Intel Capital.


MindMaze

MindMaze is a Switzerland-based neuro-rehabilitation company founded in 2012 by Tej Tadi. MindMaze aims to resuscitate damaged brain cells by tricking the brain’s perception of its own body with the principle of neuroplasticity. It helps post-stroke patients regain the ability to move and live a normal life after careful, personalized rehabilitation using VR limbs. MindMaze uses medical interaction technology to employ virtual limbs for neural recovery, unlike wooden blocks in traditional therapies. MindMaze has raised US$110mn in funding from Hinduja Group, Venture Kick and Leonardo DiCaprio and is valued at US$1bn.


STX Entertainment

STX is an American entertainment & media company founded in 2014 by Robert Simonds and William McGlashan. STX is involved in financing, producing, marketing and distributing of movies and TV content, as well as VR, digital videos, live show and music contents. STX has been involved in production/distribution of movies including The Gift, Molly’s Game, The Foreigner, Free Star of Stones and Gringo, among many more. Some of its TV productions include Problem Child (NBC), Valley of the Bloom (NGC), Alex Strangelove (Netflix), and True Life (MTV), among others. STX has raised US$700 million in two rounds of funding. It’s valuation as of the Mar’19 funding led by Hony Capital and TPG Growth is US$1.5bn.


Calm.com

Calm offers software application for android and iPhone users short meditation and relaxing sessions. It offers users meditation guidelines, health tips, narrated sleep stories, books and videos to improve relaxation and mindfulness process. Calm has raised a total of US$116 million from investors including TPG Growth and Insight Partners. Its last funding was for US$88mn in Feb’19, which valued the start-up at US$1bn. Calm.com was founded in 2012 by Alex Tew and Michael Acton Smith.


Dream11

Dream11 is a fantasy sports platform based in India which started out for cricket fans but now lets users play hockey, kabaddi, football and basketball as well. The D11 app lets sports enthusiasts become a team owner rather than a spectator to create their own fantasy sports teams from upcoming matches and showcase their knowledge in the game while scoring points and competing with other fans. Dream11 is also the official partner of the top sports leagues in the world such as the Hero CPL, Hero ISL and NBA. D11 was founded by Harsh Jain in 2012 and has investors including Tencent Holdings and Steadview Capital. It entered the unicorn club after its Apr’19 funding brought its valuation to US$1bn.


Devoted Health

Devoted Health is a health-insurance start-up based in USA active in the Medicare Advantage Plans market for senior citizens (over the age of 65). The company also helps the ages citizens through technology and personal guidelines to navigate through the healthcare system. Devoted Health was started only in 2017 by brothers Ed and Todd Park and Jeremy Delinsky and has raised a total of US$362mn in two rounds of funding since. In October, 2018, it raised US$300 million from Andreessen Horowitz to reached a valuation of US$1.8bn.


Carta

Carta, which started out in 2012 as a way for venture-backed securities to manage equity, issue securities and track cap tables. Over time it has included services of 409A valuation, board meeting management, investor updates and scenario modelling. It is an SEC-registered transfer agent and global portfolio management platform for organisations, their employees and investors. Carta was founded by Manu Kumar and Henry Ward and is based in California. It has raised US$448mn till date, with its latest funding led by Andreessen Horowitz in May’19 bringing its valuation to US$1.7bn.


Industries producing most number of unicorns

In the USA, cloud computing companies have produced most number of unicorns followed by FinTech. Since the last couple of years, AI is increasingly producing more number of unicorns. It is interesting to note that cumulative valuation of Fintech unicorns in China is USD 262 Bn, at least 4 times more than the USA. This shows demographic dividend from a populous country such as China. In IndiaThe list below


Table 6: Industries producing most number of unicorns in USA


Industry

Number of Unicorns

Cumulative Valuation US$bn

Average of Years to Unicorn

1

Cloud

32

97

8

2

FinTech

21

71

6

3

Artificial Intelligence

20

43

7

4

E-commerce

17

37

6

5

Health Tech

12

22

7


Table 7: Industries producing most number of unicorns in China


Industry

Number of Unicorns

Cumulative Valuation US$bn

Average of Years to Unicorn

1

E-commerce

33

62

5

2

FinTech

22

262

5

3

Media & Entertainment

17

123

6

4

Logistics

16

57

6

5

Artificial Intelligence

15

30

4


Years to Unicorn

Table 8: Fastest Unicorns. Following are listed the least number(s) of years the world’s unicorns took to reach US$1 billion valuation.

Years   to Unicorn

Number   of Unicorns

Highest   Valued Today

Valuation   (US$ bn)

<1

5

Ant Financial

150

1

24

Beike

9

2

36

Didi Chuxing

55

3

64

JUUL Labs

48

4

65

Lufax

38

5

67

DoorDash

13

Source: Hurun Research Institute

 

5 unicorns are known to have surpassed US$1 billion valuation within one year of their founding, and they all come from China.  24 and 36 unicorns managed to pass the threshold in 1 and 2 years respectively. Post 2 years, almost the same number of companies have reached unicorn status in each of the further slots of years to unicorn. Almost 60% of the unicorns in the Hurun Global Unicorns index achieved the unicorn status between 3rd and the 6th year since their inception.

 

 

Methodology

The Hurun Global Unicorns 2019 is compiled by Shanghai-based Hurun Research Institute with a 30 June 2019 cut-off.  We define a ‘unicorn’ as a tech start-up founded in the 2000s that has reached a valuation of US$1bn, backed by professional investors but not yet listed on a public exchange.  

 

Hurun Research believes the Hurun Global Unicorns 2019 to be the first serious attempt to capture all of the world’s unicorns into one list. The Hurun research team has used databases that specialize in recording rounds of investments by the professional investment world, cross-checking the data with some of the world’s top investment houses, industry experts, journalists and media sources. The very nature of these super-fast growing companies makes valuations hard to pin down, but to ensure accuracy of the valuations, the Hurun research team has used the most recent valuation based on a sizeable round. Once a unicorn goes IPO, it is taken off our list.

 

The cut-off used was 30 June 2019.  Some companies went unicorn in July this year, but are not on the list.  These include Lightricks, Monday.com, DataRobot, MoneyLion and Flixbus.

 

Hurun Research has been tracking China’s top unicorns for the past six quarters, releasing the Hurun China Unicorn Index.

 

 

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Appendix  – Hurun World’s Best Unicorn Investors 2019

 


Investor

No. of   Unicorns

1

Sequoia

92

2

Tencent

46

3

SoftBank

42

4

Tiger Fund

36

5

IDG

31

6

Goldman Sachs

24

7

Alibaba

22

8

Andreessen Horowitz

20

8

DST

20

10

GGV

19

10

Qiming

19

12

Accel

18

13

Index Ventures

17

13

Warburg Pincus

17

15

Matrix Partners

16

15

New Enterprise Associates

16

15

Hillhouse Capital

16

18

Insight Partners

14

18

IVP

14

18

Shunwei

14

18

Y Combinator

14

18

ZhenFund

14

23

Fidelity

13

23

General Atlantic

13

23

ICONIQ Capital

13

23

Kleiner Perkins

13

23

Temasek

13

23

Morningside

13

29

Founders Fund

11

29

KKR

11

29

T. Rowe Price

11

29

Wellington Management

11

33

Baillie Gifford

10

33

GIC

10

33

Lightspeed

10

33

SIG

10

37

Bessemer Venture Partners

9

37

DFJ

9

37

General Catalyst

9

37

Khosla Ventures

9

37

Thrive Capital

9

37

TPG

9

43

Ant Financial

8

43

Benchmark

8

43

Spark Capital

8

46

Battery Ventures

7

46

Capital G

7

46

CDH

7

46

CICC

7

46

DCM

7

46

Greenoaks Capital

7

46

Greylock Partners

7

46

GV

7

46

JP Morgan

7

Top 100

Access Industries

Top 100

Top 100

Altos Ventures

Top 100

Top 100

Baidu

Top 100

Top 100

Bain Capital

Top 100

Top 100

Bertelsmann

Top 100

Top 100

Blackrock

Top 100

Top 100

Capital Today

Top 100

Top 100

CBC

Top 100

Top 100

CIC

Top 100

Top 100

CITIC

Top 100

Top 100

Coatue Management

Top 100

Top 100

Cybernaut

Top 100

Top 100

Daimler

Top 100

Top 100

Didi

Top 100

Top 100

Dragoneer Investment Group

Top 100

Top 100

EDBI

Top 100

Top 100

Everbright

Top 100

Top 100

Fortune Capital

Top 100

Top 100

Franklin Templeton Investments

Top 100

Top 100

Google

Top 100

Top 100

GX Capital

Top 100

Top 100

Hony Capital

Top 100

Top 100

Hopu Investment Management

Top 100

Top 100

Horizons Ventures

Top 100

Top 100

Hyundai Motor Company

Top 100

Top 100

Illumina

Top 100

Top 100

Intel Capital

Top 100

Top 100

JD

Top 100

Top 100

Kinnevik AB

Top 100

Top 100

Legend Capital

Top 100

Top 100

MasterCard

Top 100

Top 100

Menlo Ventures

Top 100

Top 100

Meritech Capital Partners

Top 100

Top 100

Microsoft

Top 100

Top 100

Morgan Stanley

Top 100

Top 100

Naspers

Top 100

Top 100

Nexus Venture Partners

Top 100

Top 100

Northern Light

Top 100

Top 100

Norwest Venture Partners

Top 100

Top 100

Qatar Investment Authority

Top 100

Top 100

Qualcomm

Top 100

Top 100

Redpoint

Top 100

Top 100

Revolution

Top 100

Top 100

Ribbit Capital

Top 100

Top 100

SAIF Partners

Top 100

Top 100

Sailing Capital

Top 100

Top 100

Sapphire Ventures

Top 100

Top 100

SBCVC

Top 100

Top 100

SBI

Top 100

Top 100

Scale Venture Partners

Top 100

Top 100

SDIC

Top 100

Top 100

Seqouia (=Sequoia?)

Top 100

Top 100

Silicon Valley Bank

Top 100

Top 100

Silver Lake Partners

Top 100

Top 100

Sina

Top 100

Top 100

Social Capital

Top 100

Top 100

Source Code Capital

Top 100

Top 100

Sutter Hill Ventures

Top 100

Top 100

TCV

Top 100

Top 100

Tiantu Capital

Top 100

Top 100

Toyota Motor Corporation

Top 100

Top 100

Viking Global Investors

Top 100

Top 100

Visa

Top 100

Top 100

Volkswagen

Top 100

Top 100

Xiaomi

Top 100

Top 100

YF Capital

Top 100

Source: Hurun Research Institute

 

Hurun Global Unicorn List 2019

RankCompany NameValuation US$bnCountryCityIndustryFounderYear FoundedKey Investors
1Ant Financial150ChinaHangzhouFinTechJing Xiandong2014Primavera, CIC,   Sequoia
2Bytedance75ChinaBeijingMedia &   EntertainmentZhang Yiming2012Sequoia, SIG, GGV   Capital, Qiming
3Didi Chuxing55ChinaBeijingShared EconomyCheng Wei2012Tencent, Alibaba,   Sequoia, Matrix Partners China, GGV Capital
4Infor50USANew YorkCloud Jim Schaper2002Golden Gate   Capital, Koch Equity Development
5JUUL Labs48USASan FranciscoConsumer GoodsAdam Bowen, James   Monsees, Kevin Burns, Tim Danaher2015M13, Timothy Davis,   Evolution VC Partners, Tiger Global Management, Altria, Capital Re
6Airbnb38USASan FranciscoShared EconomyBrian Chesky, Joe   Gebbia, Nathan Blecharczyk2008Tiger Global   Management, Founders Fund, Y Combinator, Sequioa Capital, Andreessen   Horowitz, Greylock Partners, 
6Lufax38ChinaShanghaiFinTechJi Kuisheng2011Morgan Stanley,   BOCGI, GTJA (Hong Kong)
8SpaceX35USALos AngelesSpace techElon Musk2002DFJ, Founders Fund,   Google, Bank of America, Baillie Gifford
9WeWork30USANew YorkShared EconomyAdam Neumann, Miguel   McKevley2010Softbank, Hony   Capital, Glade Brook Capital, Wellington Management, Benchmark
10Stripe23USASan FranciscoFinTechJohn Collison,   Patrick Collison2010CapitalG, Thrive   Capital, Y Combinator, Sequoia Capital, General Catalyst, Founders Fund,   Tiger Global Management
11WeBank20ChinaShenzhenFinTechGu Min2014Tencent, Warburg   Pincus, Temasek
12Cainiao19ChinaHangzhouLogistics Tong Wenhong2013GIC, Temasek,   Primavera
12JD Digits19ChinaBeijingFinTechChen Shengqiang2013Sequoia, Harvest   Investments, China Taiping
14Kuaishou18ChinaBeijingMedia &   EntertainmentSu Hua2011Sequoia, Morningside,   Baidu, Tencent
15DJI15ChinaShenzhenRoboticsWang Tao2006Accel, Sequoia,   Maison Capital
15Grab15SingaporeSingaporeShared EconomyAnthony Tan, Tan   Hooi Ling2012Vertex Ventures, GGV   Capital,Rheingau Founders, SoftBank, SoftBank Capital, Tiger Global   Management, Didi Chuxing, HSBC, Emtek Group, Toyota Motor Corporation,   Hyundai Motor Company, Yamaha Motor Co., Tokyo Century, Central Group of   Company, SoftBank Investment Advisers, Invesco, Microsoft, Bookings   Holdings, 
15Hulu 15USALos AngelesMedia &   EntertainmentElizabeth   Comstock, Jason Kilar2007Time Warner, Walt   Disney, Providence Equity Partners
15Palantir Technologies15USAPalo AltoBig DataAlexander   Karp, Garry Tan, Joe Lonsdale, Nathan Gettings, Peter   Thiel, Stephen Cohen2004Founders Fund,   Kortschak Investments
19DoorDash13USASan FranciscoLogistics Andy Fang, Evan   Moore, Stanley Tang, Tony Xu2013Y Combinator, Sequoia   Capital, Kleiner Perkins, Khosla Ventures, Tamasek Holdings, DST Global,  Softbank Investment Advisors, Coatue   Management, Dragoneer Investment Group
20Bitmain12ChinaBeijingBlockchainZhan Ketuan, Wu Jihan2013IDG Capital, Sequoia   Capital China, Crimson Ventures, Sinovation Ventures
20JD Logistics12ChinaBeijingLogistics Wang Zhenhui2007Hillhouse, Sequoia,   Tencent
20Samumed12USASan Diego Life SciencesOsman Kibar2008Starling   Group, Vickers Venture Partners
23GO-JEK10IndonesiaJakartaShared EconomyKevin   Aluwi, Michaelangelo Moran, Nadiem Makarim2010Openspace Ventures,   Kohlberg Kravis Roberts, Warburg Pincus, Tencent Holdings, Google, JD.com,   PT. Astra International Tbk - TSO Salemba
23Paytm10IndiaNoidaFinTechVijay Shekhar Sharma2010Alibaba Group,   SoftBank, Berkshire Hathaway, Sapphire Ventures, Mountain Capital, Ant   Financial
25Beike9ChinaTianjinReal Estate TechZuo Hui2018Tencent
25CARS9ChinaBeijingE-commerceYang Haoyong2011Sequoia, Capital   Today, IDG, Matrix Partners China
25Coupang9South KoreaSeoul E-commerceBom Kim2010SoftBank Investment   Advisers, Altos Ventures, Sequoia Capital, BlackRock Private Equity Partners,   Softbank, Maverick Ventures
25Ping An Healthcare   Technology9ChinaShanghaiHealth TechGao Jing2016IDG, SBI, SoftBank
25Wish9USASan FranciscoE-commerceDanny   Zhang, Peter Szulczewski2010Formation 8, GGV   Capital, Founders Fund, DST Global, Temasek Holdings
30Coinbase8USASan FranciscoBlockchainBrian   Armstrong, Fred Ehrsam2012DFJ, Andreessen   Horowitz, Tiger Global Management, IVP, Bank of Tokyo-Mitsubishi
30GRAIL8USAMenlo ParkLife SciencesJeffrey Huber2016Illumina, ARCH   Venture Partners, 6 Dimensions Capital,  Ally Bridge Group, Hillhouse   Capital Group , HuangPu River Capital
30Instacart8USASan FranciscoLogistics Apoorva   Mehta, Brandon Leonardo, Max Mullen2012Y Combinator, Sequoia   Capital, Kleiner Perkins, Andreessen Horowitz, Tiger Global Management,   Coatue Management, D1 capital partners, Whole Foods Market
30Robinhood8USAMenlo ParkFinTechBaiju   Bhatt, Vlad Tenev2013Index Ventures, New   Enterprise Associates, DST Global
34Argo AI 7USAHarrisburgArtificial   IntelligenceBryan Salesky, Peter   Rander2016Volkswagen, Ford
34Meicai7ChinaBeijingE-commerceLiu Chuanjun2014Shunwei, GGV Capital,   ZhenFund
34OneConnect7ChinaShanghaiFinTechYe Wangchun2015IDG, SBI
34Roivant Sciences7SwitzerlandBasel Life SciencesVivek Ramaswamy2014Softbank Investment   Advisors, QVT Financial, Viking Global Investors, Novaquest Capital   Management,  RTW Investments LLC
34Suning Finance7ChinaNanjingFinTechZhang Jindong2006Everbright, SCGC
34Tanium7USAEmerville Cyber SecurityDavid   Hindawi, Orion HindawiOperating Status 2007Andreessen Horowitz,   Franklin Templeton Investments, Geodesic Capital, IVP   (Institutional Venture Partners), TPG, TPG Growth, Wellington Management
34Tokopedia7IndonesiaJakartaE-commerceLeontinus Alpha   Edison, William Tanuwijaya2009Indonusa Dwitama,   East Ventures, CyberAgent Capital, Beenos Partners, Softbank Ventures Asia,   SoftBank Telecom Corp, Softbank Investment Advsors
34Uber ATG 7USAPittsburgShared Economy-2015Denso, Softbank   Investment Advisors, Toyota Motor Corporation
34UiPath7USANew YorkArtificial   IntelligenceDaniel   Dines, Marius Tirca2005Earlybird Venture   Capital, Capital G, Sequoia Capital, Coatue Management, Accel
43BYJU’s6IndiaBengaluruEdTechByju   Raveendran, Divya Gokulnath2008Aarin Capital,   Sequoia Capital India, Chan Zuckerberg Initiative, Sofina, Verlinvest,   Tencent Holdings, Naspers,  General   Atlantic, Qatar Investment Authority, Sovereign Wealth Funds
43Full Truck Alliance6ChinaGuiyangLogistics Wang Gang2014Tencent, Sequoia,   Lightspeed China Partners, Hillhouse, YF Capital, GGV Capital
43Magic Leap6USAPlantationAR/VRBrian   Schowengerdt, Rony Abovitz2011Tamasek Holdings,   Alibaba Group, Google, Saudi Arabia's Public Investment Fund, NTT Docomo
43Ola Cabs6IndiaBengaluruShared EconomyAnkit   Bhati, Bhavish Aggarwal2010Tiger Global   Management, Hyundai Motor Company, Kia Motors, Sequoia Capital India,   SoftBank Capital, DST Global, Baillie Gifford, Vanguard, Softbank, Falcon   Edge Capital,  Tekne Capital, Yes Bank,   Sachin Bansal, Temasek Holdings, China Eurasian Economic Cooperation Fund,   Eternal Yield International, Steadview Capital, Tencent Holdings, Sailing   Capital
43SenseTime6ChinaBeijingArtificial   IntelligenceXu Li2014CDH Investments, IDG,   CICC
43UCAR 6ChinaTianjinShared EconomyLu Zhengyao2015YF Capital, CICC
43WeDoctor6ChinaHangzhouHealth TechLiao Jieyuan2010Sequoia, Goldman   Sachs, Tencent, Qiming, Hillhouse
50Bluehole5South KoreaSeongnam-siVideo GamesChang Byung-gyu2007Tencent Holdings
50Lazada5SingaporeSingaporeE-commerceAimone Ripa di   Meana, Alexander Samwer, Arthur Brejon de Lavergnee, Bede   Moore, Elizabeth Craft, Eugene Chistyakov, Fung   Lestario, Inanc Balci, James Chang, Maximilian   Bittner, Oliver Samwer, Stefan Bruun, Stein Jakob   Oeie, Sundeep Sahni2012Alibaba Group,   Temasek Holding, Tesco, Rocket Internet
50Machine Zone5USAPalo AltoVideo GamesGabriel   Leydon, Halbert Nakagawa, Michael Sherrill2008Y Combinator, Menlo   Ventures, JP Morgan Partners
50OYO Rooms5IndiaGurgaonShared EconomyRitesh Agarwal2013Greenoaks Capital,   SoftBank, SoftBank Investment Advisers, Huazhu Hotels Group, Grab, Didi   Chuxing, Airbnb
50Ripple5USASan FranciscoBlockchainArthur   Britto, Chris Larsen, Ryan Fugger2012Core Innovation   Capital, IDG Capital, Santander InnoVentures, SBI Investment
50Rivian 5USAPlymouthE-CarsRobert J. Scaringe2009Ford Motor Company,   Amazon
50The Hut Group5UKManchesterE-commerceJohn Gallemore,   Matthew Moulding2004Artemis, Lewis Trust   Group, Kohlberg Kravis Roberts, Balderton Capital, Merian Global Investors,   William Currie Group
57Auto1 Group4GermanyBerlinE-commerceChristian Bertermann,   Hakan Koc2012DN Capital, Piton   Capital, DST Global, Princeville Global, SoftBank Investment Advisers
57Compass4USANew YorkE-commerceOri   Allon, Robert Reffkin, Ugo Di Girolamo2012IVP (Institutional   Venture Partners), Wellington Management, Fidelity, SoftBank Investment   Advisers, Qatar Investment Authority
57Credit Karma4USASan FranciscoFinTechKenneth Lin, Nichole   Mustard, Ryan Graciano2007QED Investors,   Susquehanna Growth Equity, CapitalG, SV Angel, Silver Lake Partners
57Faraday Future 4USAGardena E-CarsTony Nie2014Evergrande Health   Industry Group, Birch Lake Partners
57Houzz4USAPalo AltoE-commerceAdi   Tatarko, Alon Cohen2009Zeev Ventures,   Sequoia Capital, GGV Capital, New Enterprise Associates, ICONIQ Capital
57Indigo Agriculture4USACambridgeLife SciencesDavid Perry, Geoffrey   von Maltzahn, Ignacio Martinez, Noubar Afeyan2014Flagship Pioneering,   Alaska Permanent Fund, Activant Capital, Investment Corporation of Dubai   (ICD), Baillie Gifford
57Klarna4SwedenStockholmFinTechNiklas Adalberth,   Sebastian Siemiatkowski, Victor Jacobsson2005Investment AB   Öresund, Sequoia Capital, General Atlantic, Creandum, Anders Holch Povlsen,   Visa, Permira, H&M, Snoop Dogg
57Megvii4ChinaBeijingArtificial   IntelligenceYin Qi2011Sinovation Ventures,   Qiming, Legend Star, CCB International, Ant Financial, GGV Capital
57New Dada4ChinaShanghaiLogistics Kuai Jiaqi2014Sequoia, DST, JD
57Niantic4USASan FranciscoAR/VRJohn Hanke, Phil   Keslin2010Alsop Louie Partners,   Spark Capital, IVP (Institutional Venture Partners)
57Nubank4BrazilSao PauloFinTechAdam Edward   Wible, Cristina Junqueira, David Velez2013Sequoia Capital,   Tiger Global Management, Founders Fund, Goldman Sachs, DST Global, Fortress   Investment Group, Tencent Holdings
57OpenDoor Labs4USASan FranciscoE-commerceEric Wu, Ian Wong,   Justin Ross, Keith Rabois2014Khosla Ventures, GGV   Capital, Access Technology Ventures, Norwest Venture Partners, Lennar   Corporation, SoftBank Investment Advisers, General Atlantic
57Peloton4USADallas Life SciencesMichael S.   Brown, Steven McKnight2010Tiger Global   Management, L Catterton, Fidelity, Kleiner Perkins, True Ventures,    Wellington Management
57Royole4ChinaShenzhenConsumer GoodsLiu Zihong2012CITICPE, Co-Stone,   IDG
57Samsara Networks4USASan FranciscoCloud John Bicket, Sanjit   Biswas2015Andreessen Horowitz,   General Catalyst
57Snowflake Computing4USASan Mateo Big DataThierry Cruanes,   Marcin Zukowski, Benoit Dageville2012Sutter Hill Ventures,   Redpoint, Altimeter Capital, ICONIQ Capital, Sequoia Capital
57SoFi4USASan FranciscoFinTechDaniel   Macklin, Ian Brady, James Finnigan, Michael Cagney2011Baseline Ventures,   Morgan Stanley, The Bancorp, East West Bank, Discovery Capital, Third Point   Ventures, Softbank, Silver Lake Partners, Qatar Investment Authority
57TransferWise4UKLondonFinTechKristo Kaarmann,   Taavet Hinrikus2011Seedcamp, IA   Ventures , Valar Ventures, Index Ventures, Andreessen Horowitz, Baillie   Gifford, IVP (Institutional Venture Partners) , JP Morgan, Lead Edge   Capital, Merian Global Investors, LHV Ventures, NatWest Bank, Lone Pine   Capital, Vitruvian Partners
57Traveloka4IndonesiaJakartaE-commerceAlbert   Albert, Derianto Kusuma, Ferry Unardi2012East Ventures, Global   Founders Capital, GIC, Expedia
57TripActions4USAPalo AltoE-commerceAriel   Cohen, Ilan Twig2015Zeev Ventures,   Lightspeed Venture Partners, Andreessen Horowitz, Gorup11
57Ubtech4ChinaShenzhenRoboticsZhou Jian2012Qiming, Iflytek, CDH   Investments, Tencent
57United Imaging4ChinaShanghaiHealth TechXue Min2010China Life, SDIC
57WM Motor4ChinaShanghaiE-CarsShen Hui2015Envision, Sequoia,   SIG
57Xpeng Motors4ChinaGuangzhouE-CarsHe Xiaopeng2014Morningside, IDG,   Matrix Partners China, Shunwei, Alibaba, GGV Capital
57Ziroom4ChinaBeijingReal Estate TechZuo Hui2011Warburg Pincus,   Sequoia, Tencent
57Zomato4IndiaGurgaonLogistics Deepinder   Goyal, Pankaj Chaddah2008Info Edge, Sequoia   Capital, Vy Capital, Temasek Holdings, Sequoia Capital India, Ant Financial,   Glade Brook Capital Partners, Delivery Hero
83Greensill3.5UKLondonFinTechJason Austin, Lex   Greensill2011General Atlantic,   SoftBank Investment Advisers
84Affirm3USASan FranciscoFinTechJeffrey   Kaditz, Max Levchin, Nathan Gettings2012Spark Capital,   Founders Capital, Morgan Stanley, GIC, Thrive Capital, HVF Labs
84Automation Anywhere3USASan JoseArtificial   IntelligenceAnkur   Kothari, Mihir Shukla, Neeti Mehta2003Goldman Sachs,   SoftBank Investment Advisers, Workday Ventures
84Bona film3ChinaBeijingMedia &   EntertainmentYu Dong2003Sequoia, SIG, Matrix   Partners China, Alibaba, Wanda, Tencent
84Brex3USASan FranciscoFinTechHenrique   Dubugras, Pedro Franceschi2017Y Combinator, Ribbit   Capital, DST Global, Barclays Investment Bank, Kleiner Perkins , Greenoaks   Capital
84Canaan3ChinaHangzhouBlockchainZhang Nangeng2013Jin Jiang Group,   Tunlan
84Canva3AustraliaSydneyCloud Cameron   Adams, Cliff Obrecht, Melanie Perkins2012Felicis Ventures,   Blackbird Ventures (Australia), Sequoia Capital, Bond , General Catalyst
84China UMS3ChinaShanghaiFinTechTian Lin2002Everbright, IDG
84Circle Internet   Financial3USABostonBlockchainJeremy   Allaire, Sean Neville2013Breyer Capital, IDG   Capital, Bitmain, Goldman Sachs Principal Strategic Investments
84Cloudwalk3ChinaGuangzhouArtificial   IntelligenceZhou Xi2015Shunwei, Oriza,   Qianhai Xingwang
84Confluent3USAPalo AltoCloud Jay Kreps, Jun   Rao, Neha Narkhede2014Benchmark, Index   Ventures, Sequoia Capital
84Dadi Digital Cinema3ChinaShenzhenMedia &   EntertainmentLiu Rong2006Alibaba Pictures
84Databricks3USASan FranciscoBig DataAli Ghodsi, Andy   Konwinski, Ion Stoica, Matei Zaharia, Patrick   Wendell, Reynold Xin, Scott Shenker2013Andreessen Horowitz,   New Enterprise Associates
84Douyu3ChinaWuhanMedia &   EntertainmentChen Shaojie2014Sequoia, Tencent,   Nanshan Capital
84Du Xiaoman Financial3ChinaBeijingFinTechZhu Guang2018TPG, Carlyle,   Taikang, ABC International
84Flexport3USASan FranciscoLogistics Ryan Petersen2013Founders Fund, DST   Global, SF Express, SoftBank Investment Advisers
84GoodRx3USASanta MonicaHealth TechDoug   Hirsch, Scott Marlette, Trevor Bezdek2011Silver Lake Partners
84Hellobike3ChinaShanghaiShared EconomyYang Lei2016GGV Capital, Grains   Valley VC, Joy Capital, Ant Financial
84Henlius3ChinaShanghaiLife SciencesLiu Shigao2009HG Capital
84Himalaya3ChinaShanghaiMedia &   EntertainmentYu Jianjun2012SIG, Sierra Ventures,   Qianhai Xingwang
84Horizon Robotics3ChinaBeijingArtificial   IntelligenceYu Kai2015ZhenFund, Sequoia,   Hillhouse,Sinovation Ventures, Morningside
84Huitongda3ChinaNanjingE-commerceXu Xiuxian2008Addor, Redbud   Capital, Shunwei
84Katerra3USAMenlo ParkReal Estate TechFritz H.   Wolff, Jim Davidson, Michael Marks2015SoftBank Investment   Advisers, Greenoaks Capital
84Kuayue Express3ChinaShenzhenLogistics Hu Yong2007Sequoia
84Missfresh3ChinaBeijingE-commerceXu Zheng2014GX Capital, Tencent,   ZSVC, Qiming
84Monzo3UKLondonFinTechGary   Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom   Blomfield2015Y Combinator, Passion   Capital, Thrive Capital, Goodwater Capital, Accel, General Catalyst
84N263GermanyBerlinFinTechMaximilian   Tayenthal, Valentin Stalf2013Earlybird Venture   Capital, Valar Ventures, Horizons Ventures, Allianz X, Insight Partners,   Tencent Holdings
84Nuro  3USASan FranciscoRoboticsDave Ferguson, Jiajun   Zhu2016Softbank Investment   Advisors, Gaorong Capital, Greylock Partners.
84OakNorth3UKLondonFinTechJoel   Perlman, Rishi Khosla2013EDBI, SoftBank   Investment Advisers, NIBC Bank N.V., Indiabulls Housing Finance Limited
84OneWeb 3USAArlingtonSpace techGreg Wyler2012SoftBank, Qualcomm   Ventures, Virgin Group
84Oscar Health3USANew YorkHealth TechJoshua   Kushner, Mario Schlosser2012Thrive Capital,   Founders Fund, Formation 8, CapitalG, Fidelity, Alphabet
84Paytm Mall3IndiaNoidaE-commerceVijay Shekhar Sharma2010SoftBank, Alibaba   Group
84Plaid Technologies3USASan FranciscoFinTechWilliam   Hockey, Zachary Perret2012Spark Capital, New   Enterprise Associates, Goldman Sachs Investment Partners, Index   Ventures,  Kleiner Perkins
84Procore Technologies3USACarpinteriaReal Estate TechCraig Courtemanche2002Greater Pacific   Capital, Bessemer Venture Partners, ICONIQ Capital, Dragoneer Investment   Group,  Tiger Global Management
84Qi An Xin3ChinaBeijingCyber SecurityQi Xiangdong2015IDG, CCMC, Huaxing   Venture
84reddit3USASan FranciscoMedia &   EntertainmentAlexis   Ohanian, Steve Huffman2005Y Combinator, Tencent   Holdings
84Roblox3USASan MateoVideo GamesDavid Baszucki2004Index Ventures,   Greylock Partners , Meritech Capital Partners, Tiger Global Management,   Altos Ventures , First Round Capital
84Rubrik3USASan FranciscoCloud Arvind Jain, Arvind   Nithrakashyap, Bipul Sinha, Soham Mazumdar2014Lightspeed Venture   Partners, Greylock Partners, Khosla Ventures, IVP (Institutional Venture   Partners), Bain Capital Ventures
84Singulato3ChinaBeijingE-CarsShen Haiyin2014GX Capital, Qihoo
84SmileDirectClub3USANashville TennesseeHealth TechAlex   Fenkell, Jordan Katzman2013Clayton, Dubilier   & Rice
84Souche3ChinaBeijingE-commerceYao Junhong2012Morningside, Sequoia,   Alibaba, Warburg Pincus
84Swiggy3IndiaBengaluruLogistics Nandan   Reddy, Rahul Jaimini, Sriharsha Majety2014DST Global, Naspers,   Bessemer Venture Partners, Accel, Norwest Venture Partners, SAIF Partners
84Tempus3USAChicagoLife SciencesEric Lefkofsky2015New Enterprise   Associates, T. Rowe Price, Baillie Gifford, Revolution
84Toast3USABostonFinTechAman   Narang, Jonathan Grimm, Steve Fredette2011Bessemer Venture   Partners, Generation Investment Management, T. Rowe Price, TCV, Lead Edge   Capital, Tiger Global Management
84Unity Technologies3USASan FranciscoVideo GamesDavid   Helgason, Joachim Ante, Nicholas Francis2004Sequoia Capital,   WetSummit Capital, DFJ Growth, Silver Lake Partners, Altimeter Capital
84UrWork3ChinaBeijingShared EconomyMao Daqing2015ZhenFund,   Sequoia,Sinovation Ventures
84VIPKID3ChinaBeijingEdTechMi Wenjuan2013Sinovation Ventures,   YF Capital, Sequoia, ZhenFund, Tencent, Matrix Partners China
84Woowa Brothers3South KoreaSeoul Logistics Bong Jin Kim2011Bon Angels Venture   Partners, Altos Ventures, Goldman Sachs, Hillhouse Capital Group
84Xiaohongshu3ChinaShanghaiSoftware and ServicesMao Wenchao2013Sequoia, Tencent,   Genesis, ZhenFund, GGV Capital, Alibaba
84Yiguo3ChinaShanghaiE-commerceJin Guanglei2005Alibaba, Goldman   Sachs
84Yixia 3ChinaBeijingMedia &   EntertainmentHan Kun2013Sina, Redpoint   Ventures, Sequoia, Morningside
84Youxia3ChinaShanghaiE-CarsWei Jun2014Qianhai Wutong, China   Fortune Ocean
84Yuanfudao3ChinaBeijingEdTechLi Yong2012IDG, Matrix Partners   China, Tencent, Warburg Pincus
84Zoox3USAFoster CityArtificial   IntelligenceJesse   Levinson, Tim Kentley-Klay2014DFJ, Lux Capital,   Blackbird Ventures (Australia), Thomas Tull, Grok Ventures
84Zuoyebang3ChinaBeijingEdTechHou Jianbin2014GGV Capital, H   Capital, Sequoia
13823andMe2USAMountain ViewLife SciencesAnne   Wojcicki, Linda Avey, Paul Cusenza2006Google, Johnson &   Johnson Development Corporation, National Institutes of Health, Sequoia   Capital, GlaxoSmithKline
138Afiniti2USAWashington DCArtificial   IntelligenceZia Chishti2006Daniel Klueger,   Global Asset Management
138Aihuishou2ChinaShanghaiSoftware and ServicesChen Xuefeng2010JD, Cathay Capital,   Fortune Capital, Tiantu Capital, Morningside
138AppLovin2USAPalo AltoVideo GamesAdam   Foroughi, Andrew Karam, John Krystynak2012Orient Hontai   Capital, Kohlberg Kravis Roberts
138APUS2ChinaBeijingSoftware and ServicesLi Tao2014SIG, Qiming
138Asana2USASan FranciscoCloud Dustin   Moskovitz, Justin Rosenstein2008Founders Fund, Y   Combinator, Generation Investment Management
138Aurora2USAPalo AltoArtificial   IntelligenceChris Urmson, J.   Andrew Bagnell, Sterling Anderson2016Greylock Partners,   Sequoia Capital, Hyundai Motor Company, Index Ventures
138Avant 2USAChicagoFinTechAl   Goldstein, John Sun, Paul Zhang2012General Atlantic,   Kohler Kravis Roberts, Tiger Global Management, Jefferies
138BenevolentAI2UKLondonArtificial   IntelligenceBrent   Gutekunst, Ivan Griffin, Ken Mulvany, Michael Brennan2013Woodford Investment   Management
138BillDesk2IndiaAhmedabadFinTechKarthik Ganapathy,   Ajay Kaushal, MN Srinivasu2000Visa, General   Atlantic, TA Associates, Clearstone Venture Partners , SBI
138Binance2Malta-BlockchainZhao   Changpeng, He Yi2017Vertex Ventures,   Black Hole Capital, Funcity Capital
138Bird Rides2USASanta MonicaShared EconomyTravis VanderZanden2017Goldcrest Capital,   Craft Ventures, Index Ventures, Valor Equity Partners, Sequoia Capital
138BlaBlaCar2FranceParisShared EconomyFrancis   Nappez, Frédéric Mazzella, Nicolas Brusson2006Accel, Index   Ventures, Insight Partners, Baring Vostok Capital Partners, SNCF
138Block.One2ChinaHong KongBlockchainBrendan Blumer2017Peter Thiel
138Buzzfeed2USANew YorkMedia &   EntertainmentJohn   Johnson, Jonah Peretti2006New Enterprise   Associates, Andreessen Horowitz, NBCUniversal, Hearst Ventures, RRE Ventures
138Byton2ChinaNanjingE-CarsBi Fukang2017FAW, Tus-Holdings,   CATL
138Cambricon2ChinaBeijingArtificial   IntelligenceChen Tianshi2016SDIC, Alibaba, Lenovo   Capital
138Canxing2ChinaShanghaiMedia &   EntertainmentTian Ming2006Alibaba, Tencent, CMC
138Carbon2USARedwood City3D PrintingJoseph M.   DeSimone, Philip DeSimone2013Sequoia Capital, BMW   i Ventures , GV, GE Ventures, Baillie Gifford,  Madrone Capital   Partners
138Carta2USAPalo AltoFinTechHenry Ward, Manu   Kumar2012Union Square   Ventures, Spark Capital, Menlo Ventures, Social Capital, Meritech   Capital Partners , Tribe Capital
138Checkout.com2UKLondonFinTechGuillaume Pousaz2012DST Global ,   Insight Partners
138Chehejia2ChinaBeijingE-CarsXi Xiang2015LEO, Source Code   Capital, FutureCap
138Chime2USASan FranciscoFinTechChris   Britt, Ryan King2013Crosslink Capital,   Aspect Ventures, Cathay Innovation, Menlo Ventures, DST Global, 
138CureVac2GermanyBaden-WurttembergLife SciencesIngmar Hoerr2000DH Capital, Dievini   Hopp Biotech Holding, OH Beteiligungen, Bill & Melinda Gates Foundation,   Baillie Gifford, Baden-Württembergische Versorgungsanstalt für Ärzte
138Darktrace2USACambridgeArtificial   IntelligenceDave   Palmer, Emily Orton, Jack Stockdale, Nicole Eagan, Poppy   Gustafsson2013Invoke Capital   Partners, Summit Partners, Kohlberg Kravis Roberts, Talis Capital, Vitruvian   Partners
138Dataminr2USANew YorkArtificial   IntelligenceJeff   Kinsey, Theodore Bailey2009IVP (Institutional   Venture Partners), Venrock, Fidelity
138Delhivery2IndiaGurgaonLogistics Bhavesh   Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, Suraj   Saharan2011Nexus Venture   Partners, Multiples Alternate Asset Management Private Limited,Tiger Global   Management, The Carlyle Group, Fosun Group, Softbank, Canada Pension Plan   Investment Board
138Deliveroo2UKLondonLogistics Greg   Orlowski, William Shu2012Bridgepoint, Fidelity   Management and Research Company , Amazon, DST Global, General Catalyst,   T. Rowe Price, Greenoaks Capital
138Desktop Metal2USABurlington   Massachussets3D PrintingChris Schuh, Ely   Sachs, Emanuel M. Sachs, John Hart, Jonah Myerberg, Ric   Fulop, Rick Chin, Yet-Ming Chiang2015GE Ventures, GV, New   Enterprise Associates, Ford Motor Company, Koch Industries, Saudi Aramco   Energy Ventures
138Devoted Health2USAWalthamHealth TechEd Park, Jeremy   Delinsky, Todd Park2017Andreessen Horowitz
138Dfinity2SwitzerlandZugBlockchainDominic Williams2015Andreessen Horowitz,   Polychain
138Discord2USASan FranciscoInstant MessengerJason Citron2012Benchmark, 9+   Program, Greylock Partners, Index Ventures, Tencent Holdings, Greenoaks   Capital, Index Ventures, Accel
138FlixBus2GermanyMunichE-commerceAndré   Schwämmlein, Daniel Krauss, Jochen Engert2011Permira, TCV, Silver   Lake Partners
138Freshworks2USASan BrunoCloud Girish   Mathrubootham, Shan Krishnasamy2010Tiger Global   Management, Sequoia Capital India, Accel
138Gett2USANew YorkLogistics Dave Waiser, Roi   More2010Kreos Capital, Vostok   New Ventures, MCI Capital SA, Volkswagen Group, Sberbank, Dave Waiser, Access   Industries
138Graphcore2UKBristolArtificial   IntelligenceNigel   Toon, Simon Knowles2016Amadeus Capital   Partners, Atomico, Sequoia Capital, BMW i Ventures, Robert Bosch Venture   Capital , Microsoft, Samsung Strategy and Innovation Center
138Gusto2USASan FranciscoFinTechEdward   Kim, Joshua Reeves, Tomer London2011General   Catalyst, Kleiner Perkins,  Emergence , GV,  Ribbit Capital, Akkadian Ventures,   Dragoneer Investment Group, T. Rowe Price, Y Combinator
138HashiCorp2USASan FranciscoCloud Armon   Dadgar, Mitchell Hashimoto2012Mayfield Fund, GGV   Capital, IVP (Institutional Venture Partners), Redpoint
138HeartFlow2USARedwood CityHealth TechCharles A.   Taylor, Christopher K. Zarins2009Capricorn Investment   Group, Panorama Point Partners
138Impossible Foods2USARedwood CityNew RetailMonte   Casino, Patrick Brown2011UBS,Temasek Holdings,   Sailing Capital, Horizons Ventures
138Improbable2UKLondonVideo GamesHerman   Narula, Peter Lipka, Rob Whitehead2012SoftBank Investment   Advisers, NetEase, Amadeus Capital Partners, Andreessen Horowitz, Horizons   Ventures
138Infinidat2IsraelTel AvivCloud Moshe Yanai2011TPG Growth, Goldman   Sachs
138InsideSales.com 2USAProvoArtificial   IntelligenceDavid   Elkington, Ken Krogue, Rob Christensen2004Polaris Partners, US   Venture Partners, Sales Force Ventures
138InVision2USANew YorkCloud Ben Nadel, Clark   Valberg2011FirstMark, Tiger   Global Management, Accel, ICONIQ Capital, Battery Ventures, Spark Capital
138Jusda2ChinaChengduLogistics Yang Qiujin2010China Life, IDG, CICC   Capital
138Kaseya 2IrelandDublin Cloud Gerald Blackie2000TPG, Ireland   Strategic Investment Fund, Insight partners
138Kingsoft Cloud2ChinaBeijingCloud Wang Yulin2011IDG, Kingsoft, Xiaomi
138Landa Digital   Printing 2IsraelRehovotSoftware and ServicesBenny Landa2002Skion, GmBH, Altana
138Lemonade2USANew YorkFinTechDaniel   Schreiber, Shai Wininger2015Allianz, SoftBank,   Aleph , Sequoia Capital Israel
138Lime2USASan MateoShared EconomyAdam Zhang, Brad   Bao, Charlie Gao, Toby Sun2017Andreessen Horowitz,   Coatue Management, Fifth Wall, Bain Capital Ventures, Rainbow   Technologies 
138Mafengwo2ChinaBeijingE-commerceChen Gang2006Capital Today,   Qiming, Hillhouse Capital
138Marqeta2USAOaklandFinTechJason Gardner201083North, Commerce   Ventures, IA Capital Group, Visa, ICONIQ Capital, Granite Ventures, Coatue   Management
138Miniso2ChinaGuangzhouNew RetailYe Guofu2013Tencent, Hillhouse
138Monday.com2IsraelTel AvivCloud Eran Zinman, Roy   Mann2012Entrée   Capital, Genesis Partners, Insight Partners, Stripes Group, Sapphire   Ventures
138Mozido 2USAAustinFinTechMichael A Liberty2008Tiger Mangement   Corporation, Wellington Management
138Mu Sigma2IndiaBengaluruBig DataDhiraj C Rajaram2004Sequoia Capital   India, General Atlantic, MasterCard
138NantOmics 2USACulver CityLife SciencesPatrick Soon-Shiong2012NANT Health
138Nextdoor2USASan FranciscoInstant MessengerAdam   Ginsburg, David Wiesen, Madison Bell, Nirav   Tolia, Prakash Janakiraman, Sarah Leary2010Benchmark, Shasta   Ventures, Kleiner Perkins, Insight Partners,  Tiger Global Management,   Redpoint, Riverwood Capital
138Njoy 2USAScottsdaleConsumer GoodsCraig Weiss2006Morgan Stanley,   Brookside Capital
138Northvolt 2SwedenStockholmNew EnergyPaolo   Cerruti, Peter Carlsson2016Volkswagen Group,   Goldman Sachs, Seimens 
138Oxford Nanopore   Technologies2UKOxfordLife SciencesGordon   Sanghera, Hagan Bayley2005Amgen, IP Group Plc,   Woodford Investment Management, Illumina, GT Healthcare Capital Partners
138PAX2USASan FranciscoConsumer GoodsAdam   Bowen, James Monsees2017Sand Hill Angels, Tao   Capital Partners, Tiger Global Management
138PingPong2ChinaHangzhouFinTechChen Yu2015GF Xinde Investment,   Tsinghua Holdings, Fidelity
138Pony.ai2USAFremont Artificial   IntelligenceJames Peng, Lou   Tiancheng 2016Legend Capital,   ClearVue Partners , Kunlun, Morningside Venture Capital, Eight Roads   Ventures
138Postmates2USASan FranciscoLogistics Bastian   Lehmann, Sam Street, Sean Plaice2011Founders Fund, Spark   Capital, Harmony Partners, Tiger Global Management, BlackRock, Glynn Capital   Management
138Preferred Networks2JapanTokyoArtificial   IntelligenceDaisuke   Okanohara, Toru Nishikawa2014Toyota Motor   Corporation
138Quanergy Systems2USASunnyvaleSoftware and ServicesLouay Eldada, Yu   Tianyue2012Motus Ventures,   Rising Tide
138Quora2USAMountain ViewMedia &   EntertainmentAdam   D’Angelo, Charlie Cheever2009Benchmark, Adam   D’Angelo , Tiger Global Management, Collaborative Fund , Peter   Thiel, Y Combinator
138RELX2ChinaShenzhenConsumer GoodsWang Ying2018IDG,Source Code   Capital,Sequoia
138ReNew Power2IndiaGurgaonNew EnergySumant Sinha2011Goldman Sachs, Abu   Dhabi Investment Authority, Asian Development Bank, JERA, Yes Bank, Canada   Pension Plan Investment Board, OPIC - Overseas Private Investment   Corporation, Abu Dhabi Investment Authority
138Revolut2UKLondonFinTechNikolay   Storonsky, Vlad Yatsenko2015Mastercard Start   Path, Balderton Capital, TriplePoint Capital, Index Ventures, DST Global
138Segment2USASan FranciscoCloud Calvin   French-Owen, Ian Storm Taylor, Ilya Volodarsky, Peter   Reinhardt2011Accel, Thrive   Capital, GV, Meritech Capital Partners, Y Combinator
138ServiceTitan2USAGlendaleCloud Ara   Mahdessian, Vahe Kuzoyan2013Bessemer Venture   Partners, ICONIQ Capital, Battery Ventures, Index Ventures
138Sharecare 2USAAtlantaHealth TechJeff   Arnold, Mehmet Oz2010Wells Fargo Capital   Finance, Wellington Management, Heritage Group, Galen Partners
138Sprinklr2USANew YorkCloud Ragy Thomas2009Battery Ventures,   ICONIQ Capital, Temasek Holdings,  Intel Capital
138Squarespace2USANew YorkCloud Anthony Casalena2003Accel, General   Atlantic, Index Ventures
138STX Entertainment2USABurbankMedia &   EntertainmentRobert   Simonds, William McGlashan2014PCCW, Hony Capital,   Tencent Holdings, TPG Growth
138Suning Sports2ChinaNanjingMedia &   EntertainmentZhang Jindong2015Goldman Sachs
138Taobao Dianying2ChinaHangzhouE-commerceYu Yongfu2014Ant Financial, CDH   Investments, Sina
138Uptake2USAChicagoArtificial   IntelligenceBradley Keywell2014Caterpillar Ventures,   GreatPoint Ventures, Revolution, Baillie Gifford
138Warby Parker2USA-Consumer GoodsAndrew   Hunt, David Gilboa, Jeffrey Raider, Neil Blumenthal2010Tiger Global   Management, General Catalyst, T. Rowe Price
138YITU2ChinaShanghaiArtificial   IntelligenceZhu Long2012YF Capital, Sequoia,   ZhenFund, Hillhouse
138Zenefits 2USASan FranciscoCloud Laks   Srini, Parker Conrad2013TPG, Fidelity,   Andreessen Horowitz
138Zhihu2ChinaBeijingMedia &   EntertainmentZhou Yuan2011Sinovation Ventures,   Capital Today, Qiming, Tencent
138ZocDoc2USANew YorkHealth TechCyrus   Massoumi, Nick Ganju, Oliver Kharraz2007Atomico, Baillie   Gifford, Khosla Ventures, Founders Fund
138Zume2USAMountain ViewLogistics Alex   Garden, Julia Collins2015SignalFire, AME Cloud   Ventures, SoftBank Investment Advisers
224Aiways1.5ChinaShanghaiE-CarsGu Feng2017Tencent,Shagang   Group,Mingchi Fund
224Caocao1.5ChinaHangzhouShared EconomyLiu Jinliang2015-
224Danke1.5ChinaBeijingReal Estate TechShen Fuyang2015Tiger Fund, Ant   Financial, Ucommune
224Ebang1.5ChinaHangzhouBlockchainHu Dong2013-
224Enovate1.5ChinaShaoxingE-CarsZhang Hailiang2017-
224ETCP1.5ChinaBeijingSoftware and ServicesTan Long2012Wanda, Matrix   Partners China, SIG
224Gaodun1.5ChinaShanghaiEdTechLi Feng200651Job
224Hero Entertainment1.5ChinaBeijingVideo GamesYing Shuling2015Huayi Bros, Sequoia,   ZhenFund
224Huimin1.5ChinaBeijingE-commerceZhang Yichun2013West Capital,   SinoGuarantee
224IMS1.5ChinaBeijingBig DataLi Meng2009Sina, SAIF, Morgan   Stanley
224iSoftstone1.5ChinaBeijingSoftware and ServicesLiu Tianwen2001Sequoia, Fortune   Capital, China Renaissance Group,Efunds
224JD Health1.5ChinaBeijingHealth TechXin Lijun2019CPE China Fund, CICC   Capital, Baring 
224Jiemian1.5ChinaShanghaiMedia &   EntertainmentHe Li2014Kunlun Trust
224Kidswant1.5ChinaNanjingE-commerceWang Jianguo2009Warburg Pincus,   Greenwoods Investment, Hillhouse
224KLOOK1.5ChinaHong KongE-commerceWang Zhihao2014Sequoia, Matrix   Partners China, Goldman Sachs
224lvmama1.5ChinaShanghaiE-commerceHong Qinghua2008Sequoia, CDH   Investments
224Mia1.5ChinaBeijingE-commerceLiu Nan2011Baidu, Sequoia,   ZhenFund
224Mofang 1.5ChinaShanghaiReal Estate TechGe Lan2010AVIC Trust, Warburg   Pincus, DT Capital Partners
224Moviebook1.5ChinaBeijingArtificial   IntelligenceJi Xiaochen2009SenseTime, SBCVC, Yao   Capital
224NetEase Music1.5ChinaHangzhouMedia &   EntertainmentZhu Yiwen2013SMG
224Ninebot1.5ChinaTianjinRoboticsGao Lufeng2013Sequoia, Xiaomi,   Shunwei
224Panshi1.5ChinaHangzhouBig DataTian Ning2004Cybernaut, Hana   Financial, CCB Trust
224PurCotton1.5ChinaShenzhenHealth TechLi Jianquan2009Sequoia
224RRS1.5ChinaQingdaoLogistics Xie Juzhi2000Alibaba, Goldman   Sachs, CIC
224SheIn1.5ChinaShenzhenE-commerceXu Yangtian2008JAFC, IDG, Greenwoods   Investment, Sequoia
224Shuhai1.5ChinaBeijingLogisticsZhang Yong2011Sequoia,Legend   Capital,Hillhouse
224Skywell1.5ChinaNanjingE-CarsHuang Hongshen2017HTHS Capital、Baishi   Fund
224Chindata1.5ChinaZhangjiakouBig DataJu Jing2015Bain Capital
224Tongdun1.5ChinaHangzhouCloud Jiang Tao2012IDG, CGC, Qiming, GGV   Capital
224Tubatu1.5ChinaShenzhenSoftware and ServicesWang Guobin2008Sequoia, Matrix   Partners China, 58
224Tuhu1.5ChinaShanghaiE-commerceChen Min2014Hillhouse, Qiming,   Legend Capital, Sequoia
224Tujia1.5ChinaBeijingShared EconomyLuo Jun2011Ctrip, GGV Capital,   Qiming, CDH Investments
224TuyaSmart1.5ChinaHangzhouArtificial   IntelligenceWang Xueji2014CBC, CICC
224Weidian1.5ChinaBeijingE-commerceWang Ke2011Tencent, Warburg   Pincus, Matrix Partners China
224Whaley1.5ChinaShanghaiConsumer GoodsLi Ruigang2015Tencent, CMC Capital   Partners
224WuXi NextCODE1.5ChinaShanghaiLife SciencesLi Ge2015Sequoia, Temasek, YF   Capital
224xiaozhu1.5ChinaBeijingReal Estate TechChen Chi2012Joy Capital,   Bertelsmann, Legend Capital, Morningside
224Xinchao1.5ChinaChengduMedia &   EntertainmentZhang Jixue2013Baidu Investment,   Well-known Investment 
224Zbj1.5ChinaChongqingSoftware and ServicesZhu Mingyue2005Cybernaut, IDG
224Zhaogang 1.5ChinaShanghaiE-commerceWang Dong2012IDG, Matrix Partners   China, Sequoia, ZhenFund
264100credit1ChinaBeijingFinTechZhang Shaofeng2014China Reform,   CICC-Qianhai, Sequoia, IDG, Hillhouse
26410X Genomics1USAPleasantonLife SciencesBen   Hindson, Serge Saxonov2012Foresite Capital,   Fidelity Management and Research Company, Meritech Capital Partners, Silicon   Valley Bank
26417zuoye1ChinaShanghaiEdTechLiu Chang2007ZhenFund, Shunwei,   Tiger
2641919 Wines &   Spirits1ChinaChengduNew RetailYang Lingjiang2006Alibaba, Tianhong   Asset Management, CITIC
2644paradigm1ChinaBeijingArtificial   IntelligenceDai Wenyuan2015Sequoia, CRHC,   Tus-Holdings,Sinovation Ventures
2649fgroup1ChinaBeijingFinTechSun Lei2006Morningside, DCM, SIG
264About You1GermanyHamburgE-commerceSebastian   Betz, Tarek Muller2014SevenVentures,   Bestseller
264Actifio1USAWalthamCloud Ash   Ashutosh, David Chang2009Greylock   Partners , North Bridge Venture Partners & Growth Equity, Advanced   Technology Ventures, Andreessen Horowitz, TCV. Crestline, Tiger Global   Management 
264Age of Learning1USAGlendaleEdTechDoug Dohring2007ICONIQ Capital
264Airtable1USASan FranciscoCloud Andrew   Ofstad, Emmett Nicholas, Howie Liu2012CRV, Caffeinated   Capital, Benchmark , Coatue Management,  Thrive Capital
264Airwallex1ChinaHong KongFinTechJack Zhang2016Tencent, Sequoia,   DST, Hillhouse Capital
264Akulaku1ChinaShenzhenFinTechLi Wenbo2015Qiming, Ant Financial
264Alisports1ChinaShanghaiMedia &   EntertainmentZhang Yong2015YF Capital, Taiping   Asset
264Allbirds1USASan FranciscoNew RetailJoseph   Zwillinger, Tim Brown2015Lerer Hippeau,   Maveron, Tiger Global Management, T. Rowe Price
264Alphaeon   Corporation 1USAIrvineHealth TechRobert Edward Grant2013Sailing Capital,   Longitude Capital
264Ane1ChinaShanghaiLogistics Wang Yongjun2010Sequoia, Carlyle,   Goldman Sachs, Warburg Pincus
264Ankon1ChinaShanghaiHealth TechJi Pengsong2008SoftBank, Dazhong   Investment
264AppDirect1USASan FranciscoE-commerceDaniel   Saks, Nicolas Desmarais2009Inovia Capital,   Mithril Capital Management, JP Morgan Chase
264Auth01ArgentinaBuenos AriesCloud Eugenio   Pace, Matias Woloski2013Bessemer Venture   Partners, Trinity Ventures, Meritech Capital Partners, Sapphire Ventures
264Automattic 1USASan FranciscoCloud Matt Mullenweg2005Inside Partners,   Tiger Global Management, Polaris Partners
264AvidXchange1USACharlotteFinTechMichael Praeger2000Bain Capital   Ventures, Fifth Third Capital, Caisse, Charlotte Angel Partners, CT   Communications, Mastercard
264Away1USANew YorkNew RetailJen Rubio, Steph   Korey2015Global Founders   Capital, Wellington Management, Accel, Forerunner Ventures
264Banma1ChinaShanghaiArtificial   IntelligenceHao Fei2015SDIC, YF Capital,   Shang Qi Capital
264Beibei1ChinaHangzhouE-commerceZhang Lianglun2014IDG, Northern Light,   Capital Today
264BigBasket1IndiaBengaluruNew RetailAbhinay   Choudhari, Hari Menon, Vipul Parekh, VS Sudhakar2011Mirae Asset-Naver   Asia Growth Fund, Alibaba Group, Helion Venture Partners, Abraaj Group,   Bessemer Venture Partners, LionRock Capital, Brand Capital, Ascent Capital
264Bill.com1USAPalo AltoFinTechRené Lacerte2006Franklin Templeton   Investments, DCM Ventures, Emergence, Financial Partners Fund, Scale Venture   Partners, Bank of America, Silicon Valley Bank, JP Morgan, Temasek Holdings
264BitFury1USASan FranciscoBlockchainValery   Nebesny, Valery Vavilov2011Bill Tai, EY Startup   Challenge, Credit China FinTech Holdings, Korelya Capital
264Bolt1EstoniaTallinnShared EconomyMarkus   Villig, Martin Villig, Oliver Leisalu2013Didi Chuxing, Daimler
264Boqii1ChinaShanghaiE-commerceTang Yingzhi2012Goldman Sachs, Jafco   Asia, DL Capitals
264Bordrin1ChinaNanjingE-CarsHuang Ximing2017Prosperity   Investment, China Sciences
264Branch 1USARedwood CitySoftware and ServicesAlex   Austin, Dmitri Gaskin, Mada Seghete, Mike Molinet2014New Enterprise   Associates, TripplePoint Capital, Zach Coelius
264Bukalapak1IndonesiaJakartaE-commerceAchmad   Zaky, Nugroho Herucahyono2011Mirae Asset-Naver   Asia Growth Fund, Emtek Group
264Butterfly Network1USAGuilfordHealth TechJonathan M.   Rothberg, Nevada Sanchez, Tyler S. Ralston2011Fidelity
264C31USARedwood CityArtificial   IntelligencePatricia   House, Thomas Siebel2009TPG Growth, Breyer   Capital
264Cabify1SpainMadridShared EconomyAdrian   Merino, Francisco Montero, Juan De Antonio, Sam   Lown, Vicente Pascual2011Kevin Laws, Seaya   Ventures, Rakuten Capital, Inter American Development Bank
264Calm.com1USASan FranciscoHealth TechAlex   Tew, Michael Acton Smith2012TPG Growth, Insight   Partners
264Carzone1ChinaNanjingNew RetailShang Baoguo2018Co-Stone, Warburg   Pincus, Alibaba
264Casper1USANew YorkNew RetailConstantin   Eis, Gabriel Flateman, Jeff Chapin, Neil Parikh, Philip   Krim, T. Luke Sherwin2013Lerer Hippeau, New   Enterprise Associates, IVP (Institutional Venture Partners), Target
264Celonis1USARaleighBig DataAlexander   Rinke, Bastian Nominacher, Martin Klenk201183North, Accel
264ChargePoint 1USACampbellNew EnergyDave   Baxter, Harjinder S. Bhade, Milton T. Tormey, Praveen   Mandal, Richard Lowenthal2007Quantum Energy   Partners, Seimens, Daimler, Linse Capital
264Chemao1ChinaHangzhouE-commerceHuang Wei2012ZHEFU Holding,   Vision+ Capital
264Chezhibao1ChinaNanjingE-commerceHuang Le2010JD Capital, Addor
264Chunyuyisheng1ChinaBeijingHealth TechLi Guanghui2011BlueRun Ventures,   Bertelsmann, CICC
264CloudFlare1USASan FranciscoCyber SecurityLee   Holloway, Matthew Prince, Michelle Zatlyn2009Franklin Templeton   Investments, Summer@Highland, Pelion Venture Partners , New Enterprise   Associates, Union Square Ventures, Venrock, Fidelity
264Clover Health1USASan FranciscoArtificial   IntelligenceKris Gale, Vivek   Garipalli2013First Round Capital,   Sequoia Capital, Greenoaks Capital
264Cohesity1USASan JoseCloud Mohit Aron2013SoftBank Investment   Advisers, Sequoia Capital , Artis Ventures (AV), GV, Wing Venture   Capital, Qualcomm Ventures
264Collibra1USANew YorkBig DataFelix Van De   Maele, Pieter De Leenheer, Stijn Christiaens2008Newion Investments,   Index Ventures, ICONIQ Capital, Battery Ventures, Capital G
264Como 1IsraelNesszionaCloud Dror Erez, Gaby   Bilczyk, Ronen Shilo2010JP Morgan partners,   Benchmark
264Convoy1USASeattleLogistics Dan Lewis, Grant   Goodale2015Greylock Partners, Y   Combinator, CapitalG
264Coursera1USAMountain ViewEdTechAndrew   Ng, Daphne Koller2012GSV Asset Management,   SEEK Group, Kleiner Perkins , New Enterprise Associates, THE WORLD BANK   GROUP,  New Enterprise Associates, EDBI
264DaDa1ChinaShanghaiEdTechZhi Hui2013Tiger Fund, Warburg   Pincus, TAL( Tomorrow Advancing Life)
264Daojia1ChinaBeijingSoftware and ServicesYao Jinbo2014Alibaba, KKR, Ping An   Ventures
264DataRobot1USABostonArtificial   IntelligenceJeremy   Achin, Thomas DeGodoy2012New Enterprise   Associates, Meritech Capital Partners,Sapphire Ventures
264Dataxu 1USABostonSoftware and ServicesBruce   Journey, Mike Baker, Sandro Catanzaro, Willard Simmons2009Sky, Thomveste   Ventures, Atlas Venture, Flybridge Capital Partners
264Deezer1FranceParisMedia &   EntertainmentDaniel   Marhely, Jonathan Benassaya2006Access Industries,   Idinvest Partners, Kingdom Holding Company,Orange
264Dianrong1ChinaShanghaiFinTechSu Haide2012Tiger Global,   Northern Light, GIC
264Docker1USASan FranciscoCloud Solomon Hykes2010Greylock Partners,   Sequoia Capital, Insight Partners
264Doctolib1FranceParisHealth TechFranck   Tetzlaff, Ivan Schneider, Jessy Bernal, Stanislas   Niox-Chateau, Steve Abou Rjeily, Thomas Landais2013Kerala Ventures,   Accel, Bpifrance, Eurazeo, General Atlantic, AGORANOV
264DotC United1ChinaShanghaiBig DataShi Yi2015Gaorong Capital,   Lightspeed China Partners, Morningside
264DraftKings 1USABostonVideo GamesJason   Robins, Matt Kalish, Paul Liberman201221st Century Fox,   Revolution, Eldridge Industries, The Raine Group, Redpoint
264Dream111IndiaMumbaiVideo GamesHarsh Jain2012Tencent Holdings,   Steadview Capital
264Druva1USASunnyvaleCloud Jaspreet   Singh, Milind Borate, Ramani Kothandaraman2008Viking Global   Investors, Riverwood Capital, Sequoia Capital India, Nexus Venture   Partners,  Indian Angel Network 
264Dtdream1ChinaHangzhouCloud Wu Jingzhuan2015Alibaba, Yinxinggu   Capital
264Dxy1ChinaHangzhouHealth TechLi Tiantian2000Shunwei, DCM, Tencent
264Easy Life1ChinaBeijingFinTechLiu Jiangtao2011HNA Tourism,   H-capital
264Envision1ChinaShanghaiNew EnergyZhang Lei2008Sequoia
264Evernote1USARedwood CityCloud Phil   Libin, Stepan Pachikov2000M8 Capital, Sequoia   Capital, DoCoMo Capital, Meritech Capital partners
264ezCater1USABostonE-commerceBriscoe   Rodgers, Stefania Mallett2007Insight Partners,   ICONIQ Capital, Wellington Management, Lightspeed Venture Partners, GIC
264Fair 1USASanta MonicaE-commerceBoone   Park, Craig Nehamen, Georg Bauer, Jennifer Parke, Matt   Cacciola, Scott Painter2016Sherpa Capital,   Softbank Investment Advisors, Javelin Venture partners, Silicon Valley Bank,   Next47
264FangDD1ChinaShenzhenReal Estate TechDuan Yi2011VKC, Lightspeed China   Partners, CDH Investments
264Fanli1ChinaShanghaiE-commerceGe Yongchang2007SIG, Qiming, Lotte
264Fcbox1ChinaShenzhenLogistics Xu Yubin2015SF Express, CDH   Investments, CDBC
264Formlabs1USASomerville3D PrintingDavid   Cranor, Maxim Lobovsky, Natan Linder2011DFJ Growth, Foundry   Group, Tyche Partners, New Enterprise Associates, SOSV
264Fxiaoke1ChinaBeijingSoftware and ServicesLuo Xu2011DCM, Northern Light,   IDG, Hillhouse
264G71ChinaBeijingArtificial   IntelligenceZhai Xuehun2011Hopu Investment   Management, Matrix Partners China, Tencent
264Geo1ChinaBeijingBig DataCui Jingjing2012GSR Ventures, Sina,   AsiaInfo
264GetYourGuide1GermanyBerlinE-commerceJochen   Mattes, Johannes Reck, Martin Sieber, Pascal Mathis, Tao   Tao, Tobias Rein2009PROfounders Capital,   Highland Europe , Fritz Demopoulos, Spark Capital, Kohlberg Kravis   Roberts, Battery Ventures, Swisscanto Invest, SoftBank Investment Advisers,   Kees Koolen
264Ginkgo BioWorks1USABostonLife SciencesAustin   Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight2009Viking Global   Investors
264GitLab1USASan FranciscoCloud Dmitriy   Zaporozhets, Sytse Sijbrandij2014Goldman Sachs   Principal Strategic Investments, Khosla Ventures, August Capital, GV, ICONIQ   Capital
264Global Fashion   Group 1LuxembourgLuxembourgE-commerce-2014Lewis trust Group.   Rocket Internet, Kinnevik AB
264Glossier1USANew YorkConsumer GoodsEmily Weiss2014Thrive Capital, IVP   (Institutional Venture Partners), Index Ventures, Sequoia Capital
264Gympass 1BrazilSao PauloHealth TechCesar Carvalho, Joao   Barbosa2012Softbank Investment   Advisors, General Atlantic
264Haodf1ChinaBeijingHealth TechWang Hang2006Trustbridge, CRCI,   DCM China
264Health Catalyst1USASalt Lake CityBig DataSteven   Barlow, Thomas Burton2008Norwest Venture   Partners, Kaiser Permanente Ventures, Sorenson Capital, UPMC,OrbiMed  
264Hike1IndiaNew DelhiInstant MessengerKavin Bharti Mittal2012Foxconn Technology   Group, Tencent Holdings, Bharti SoftBank, Tiger Global Management
264Hims1USASan FranciscoE-commerceAndrew   Dudum, Jack Abraham2017Atomic, Thrive   Capital, IVP (Institutional Venture Partners)
264HMD 1FinlandHelsinkiConsumer GoodsJean-Francois Baril2016Ginko Ventures
264Hosjoy1ChinaNanjingSoftware and ServicesWang Jianguo2009DT Capital Partners,   Founder H Fund, Richland Equities
264Hozon1ChinaTongxiangE-CarsZhang Yong2014Zenity   Mobility,Hongli Zhihui
264Huayun1ChinaWuxiBig DataXu Guangbin2010SIG, Intel Capital,   HTCC
264Huikedu Group1ChinaBeijingEdTechFang Yechang2010China Oceanwide,   Fosun RZ Capital
264Hujiang1ChinaShanghaiEdTechFu Cairui2001HINA, SoftBank,   Shunwei, SIG
264Human Longevity 1USASan Diego Life SciencesJ. Venter, Peter   Diamandis, Robert Hariri2013Illumina Ventures
264Icarbonx1ChinaGuangzhouHealth TechWang Jun2015Tianfu Group, China   Bridge Capital
264Icertis1USA-Cloud Monish Darda, Samir   Bodas2009Greycroft, Premji   Invest
264iFood1BrazilSao PauloLogistics Eduardo   Baer, Felipe Ramos Fioravante, Gabriel Pinto, Guilherme   Bonifacio, Patrick Sigrist2011Just Eat, Movile,   Warehouse Investimentos, Naspers
264Ihomefnt1ChinaNanjingSoftware and ServicesPan Dingguo2014Tiantu Capital,   Fortune Capital, Zhisland
264Illumio1USASunnyvaleCyber SecurityAndrew Rubin, PJ   Kirner2013J.P. Morgan Asset   Management, Andreessen Horowitz, General Catalyst, Accel, BlackRock 
264InMobi 1IndiaBengaluruSoftware and ServicesAbhay   Singhal, Amit Gupta, Mohit Saxena, Naveen Tewari, Piyush   Shah2007Softbank Capital,   Kleiner Perkins, Sherpalo Ventures
264Intercom1USASan FranciscoInstant MessengerCiaran   Lee, David Barrett, Des Traynor, Eoghan McCabe2011Social Capital,   Bessemer Venture Partners, ICONIQ Capital, Index Ventures, Kleiner Perkins
264Ipien1ChinaChongqingE-commerceJiang Jianfei2013Tencent, Investoday
264ironSource1IsraelTel AvivLife SciencesArnon   Harish, Eyal Milrad, Gil Shoham, Itay Milrad, Nethanel   Shadmi, Omer Kaplan, Roi Milrad, Tamir Carmi, Tomer Bar   Zeev, Tomer Bar Zeev2010Saban Capital Group,   Access Industries
264iTutorGroup1ChinaShanghaiEdTechYang Zhengda2008Qiming, GIC, Goldman   Sachs
264Ivalua1USARedwood CityCloud David Khuat-Duy2000Ardian, Kohlberg   Kravis Roberts, Tiger Global Management
264JFrog1USASunnyvaleCloud Frederic   Simon, Shlomi Ben Haim, Yoav Landman2008Insight Partners,   Vmware
264JiuXian1ChinaBeijingE-commerceHao Hongfeng2010Sequoia, OFC
264Jollycorp1ChinaHangzhouE-commerceLi Haiyan2012Sequoia, Legend   Capital, CDH Investments
264Juanpi1ChinaGuangzhouE-commerceHuang Chengsong2012Tiantu Capital, CMB   International, Zhejiang Jinkong
264Juma1ChinaChengduLogistics Bai Rubing2011GLP, New Hope, Sino   Ocean
264Jusfoun1ChinaBeijingBig DataWang Sanshou2010IDG, ChinaEquity   Group
264Kabbage1USAAtlantaFinTechKathryn   Petralia, Marc Gorlin, Rob Frohwein2009BlueRun Ventures,   Mohr Davidow Ventures, Thomvest Ventures, Guggenheim Securities, SoftBank   Capital, Reverence Capital Partners, Credit Suisse
264KeepTruckin1USASan FranciscoLogistics Obaid Khan, Ryan   Johns, Shoaib Makani2013Index Ventures, Scale   Venture Partners, IVP (Institutional Venture Partners), Greenoaks Capital
264Kendra Scott 1USAAustinNew RetailKendra Scott2002Berkshire Partners,   Norwest Venture Partners
264KnowBe4 1USAClearwaterCyber SecurityStu Sjouwerman2010Kohlberg Kravis   Roberts, Goldman Sachs, Elephant
264Knowbox1ChinaBeijingEdTechLiu Ye2014Alibaba, Legend Star,   TAL
264Kr Space1ChinaBeijingShared EconomyLiu Chengcheng2016IDG, Gopher   AssetManagement
264Lalamove1ChinaHong KongLogistics Zhou Shengfu2013Crystal Stream, Xiang   He Captital, Shunwei
264Lamabang1ChinaShenzhenHealth TechJin Zan2011Matrix Partners   China, Morningside
264Leapmotor1ChinaJinghuaE-CarsZhu Jiangming2017Sequoia, Shanghai   Electric, Industrial Securities
264letgo1USANew YorkE-commerceAlec   Oxenford, Enrique Linares Plaza, Jordi Castello2015Naspers
264Lianlian1ChinaHangzhouFinTechZhang Zhengyu2009Sequoia, Everbright,   Cybernaut
264Lightricks1IsraelJerusalemCloud Amit   Goldstein, Itai Tsiddon, Nir Pochter, Yaron Inger, Zeev   Farbman2013Viola Ventures,   Insight Partners, Goldman Sachs Private Capital Investing, ClalTech
264Linkdoc1ChinaBeijingBig DataZhang Tianze2014CIC
264Linklogis1ChinaShenzhenFinTechSong Qun2016Tencent, China   Oceanwide, CITIC CAPITAL
264Linmon1ChinaShanghaiMedia &   EntertainmentSu Xiao2014Tencent, Hony Capital
264Liquid Global 1JapanTokyoBlockchainMike Kayamori2014IDG Capital
264Loggi1BrazilSao PauloLogistics Arthur   Debert, Eduardo Wexler, Fabien Mendez2013SoftBank Investment   Advisers, SoftBank, DOMO Invest , Monashees , Dragoneer Investment   Group, IFC Venture Capital Group , Iporanga Investments, Qualcomm   Ventures, Microsoft
264Loji 1ChinaBeijingLogistics Song Rui2014IDG, ZhenFund
264Lookout 1USASan FranciscoCyber SecurityJames   Burgess, John Hering, Kevin Mahaffey2007T. Rowe Price,  Andreessen Horowitz, Deutsche Telekom,   Intex Ventures, Khosla Ventures
264Luojilab1ChinaBeijingMedia &   EntertainmentLuo Zhenyu2012Shunwei, Qiming,   ZhenFund, Sequoia, Tencent
264Maimai1ChinaBeijingSoftware and ServicesLin Fan2012DST, IDG,   Morningside, DCM
264MarkLogic1USASan CarlosBig DataChristopher   Lindblad, Frank R. Caufield, Paul Pedersen2001Sequoia Capita,   Lehman Brothers, Tenaya Capital, Wellington Management, NTT Data
264MediaMath1USANew YorkE-commerceErich   Wasserman, Greg Williams, Joe Zawadzki, Srinath Gaddam2007Silicon Valley Bank,   Goldman Sachs, Searchlight Capital Partners
264Meero 1FranceParisArtificial   IntelligenceThomas Rebaud2016Avenir Growth   Capital, Eurazeo Prime Ventures
264Mesosphere 1USASan FranciscoCloud Benjamin   Hindman, Florian Leibert, Tobi Knaup2013Koch Disruptive   Technologies, T. Rowe Price, Hewlett Packard Enterprise, Khosla ventures,   Andreessen Horowitz
264Miaoshou1ChinaBeijingHealth TechHe Tao2015Sequoia, Qiming
264Microvast 1USAStaffordNew EnergyXiao Diaokun,LI    Xiang, Wu Yang2006CITIC Securities
264MindMaze1SwitzerlandLausanneAR/VRTej Tadi2012Hinduja Group,   Leonardo DiCaprio, Venture Kick
264Mininglamp1ChinaBeijingArtificial   IntelligenceWu Minghui2014Sequoia, Share   Capital
264Mobvoi1ChinaShanghaiArtificial   IntelligenceLi Zhifei2012zhenFund, Sequoia,   SIG
264Momenta1ChinaBeijingArtificial   IntelligenceCao Xudong2016Sinovation Ventures,   Tencent, ZhenFund, Shunwei, GGV Capital
264MoneyLion1USANew YorkFinTechChee Mun   Foong, Diwakar Choubey, Pratyush Tiwari2013Edison   Partners,Greenspring Associates
264Netskope1USASanta ClaraCloud Sanjay Beri2012Social Capital,   Lightspeed Venture Partners, Accel, ICONIQ Capital
264Nikola Motor   Company 1USAPhoenixE-Cars-2015-
264Nome1ChinaGuangzhouNew RetailChen Hao2017Sequoia, China   Renaissance, Tiantu Capital, Investoday
264Novogene1ChinaBeijingLife SciencesLi Ruiqiang2011CMB International,   SDIC
264OfferUp1USABellevueE-commerceArean van   Veelen, Nick Huzar2011T. Rowe Price,   Warburg Pincus, Jackson Square Ventures
264Ola Electric1IndiaBengaluruShared EconomyAnand   Shah, Ankit Jain2017Matrix Partners   India, Tata Sons Ltd, SoftBank, Tiger Global Management
264Omio1GermanyBerlinE-commerceNaren Shaam2012Goldman Sachs   Investment Partners, Kleiner Perkins, Kinnevik AB, Silver Lake Kraftwerk,   Temasek Holdings, Battery Ventures, Lakestar, New Enterprise Associates,   Hasso Plattner Ventures
264One Medical Group1USASan FranciscoHealth TechTom X. Lee, MD2007The Carlyle Group,   Benchmark, GV, Redmile Group, J.P. Morgan Asset Management, Maverick   Ventures, Oak Investment Partners
264OneTrust1USAAtlantaCyber SecurityKabir Barday2019Insight Partners
264Orbbec1ChinaShenzhenArtificial   IntelligenceHuang Yuanhao2013Ant Financial, SAIF,   Green Pine Capital Partners
264OrCam Technologies1IsraelJerusalemArtificial   IntelligenceAmnon   Shashua, Ziv Aviram2010Clal Insurance   Enterprises Holdings , Meitav Investment House, Intel Capital
264Outreach1USASeattleCloud Andrew   Kinzer, Gordon Hempton, Manny Medina, Wes Hather2013Mayfield Fund,   Trinity Ventures, DFJ Growth, Spark Capital, Lone Pine Capital
264OutSystems1USABostonCloud Paulo   Rosado, Rui Pereira2001Armilar Venture   Partners, North Bridge Venture Partners & Growth Equity, Goldman Sachs,   Kohlberg Kravis Roberts
264Ovo Energy1UKBristolNew EnergyStephen Fitzpatrick2009Mitsubishi Corp
264ParkJockey 1USAMiamiReal Estate TechAri Ojalvo, Umut   Tekin2013Softbank Investment   Advisors
264Pat McGrath Labs1USANew YorkConsumer GoodsPat McGrath2015ONE Luxury Group,   Eurazeo
264Poizon1ChinaShanghaiE-commerceYang Bing2015DST, Hupu, Pusi   Capital
264PolicyBazaar1IndiaGurgaonFinTechAlok   Bansal, Yashish Dahiya2008SoftBank Investment   Advisors, Wellington Management, Premji Invest, Tiger Global Management,   Inventus Capital Partners
264Prologium1ChinaTaipeiNew EnergyYang Sinan2006dGav Capital, SBCVC
264Proteus Digital   Health1USARedwood CityHealth TechAndrew   Thompson, George Savage, Mark Zdeblick2001Yuan Capital, Harbin   Gloria Pharmaceuticals, Lycos Ventures
264Quikr1IndiaBengaluruE-commercePranay Chulet, Jiby   Thomas2008Trifecta Capital   Advisors, Tiger Global Management, InnoVen Capital, Brand Capital, Kinnevik   AB, Warburg Pincus, NGP Capital, Norwest Venture Partners, Omidyar Network
264Raise 1USAChicagoFinTechGeorge Bousis2013Accel, New Enterprise   Associates
264Rappi1ColombiaBogotaLogistics Felipe   Villamarin, Sebastian Mejia, Simon Borrero2016SoftBank, SoftBank   Investment Advisers, Y Combinator, Andreessen Horowitz, Sequoia Capital,   Delivery Hero, DST Global
264Renrenche1ChinaBeijingE-commerceLi Jian2014Goldman Sachs,   Tencent, Didi, Shunwei
264Renrendai1ChinaBeijingFinTechYang Yifu2010Trustbridge
264Rent the Runway1USANew YorkE-commerceJennifer   Fleiss, Jennifer Hyman2009Bain Capital   Ventures, Highland Capital Partners, Kleiner Perkins, American Express   Ventures, TCV, Fidelity Management and Research Company, Novel TMT Ventures,   Blue Pool Capital, Temasek Holdings, Franklin Templeton Investments
264Revolution Precrafted1PhilipinesMakatiReal Estate TechRobbie Antonio2015500 Startups, K2   Global
264Rivigo1IndiaGurgaonLogistics Deepak   Garg, Gazal Kalra2014SAIF Partners,   Warburg Pincus
264Rocket Lab1USAHuntington Beach Space techPeter Beck2006Bessemer Venture   Partners, Data Collective DCVC, Future Fund
264Root Insurance1USAColumbusFinTechAlex Timm, Dan   Manges2015Drive Capital, Ribbit   Capital, Redpoint, Tiger Global Management
264Rubicon Global1USAAtlantaNew EnergyLane B.   Moore, Marc Spiegel, Nate Morris, Perry Moss2008QuarterMoore, Rotunda   Capital Partners, Fifth Third Bancorp, Nima Capital, SUEZ Environnement,   Promecap, NZ Super Fund
264Seismic1USASan Diego Artificial   IntelligenceRich Mahoney2016Jackson Square   Ventures, JMI Equity, General Atlantic, Lightspeed Venture Partners , T.   Rowe Price, 
264Shopclues 1IndiaGurgaonE-commerceRadhika   Aggarwal, Sandeep Aggarwal, Sanjay Sethi2011GIC, Tiger Global   Management, Nexus Venture Partners, Helion Venture Partners
264Shouqi1ChinaBeijingShared EconomyWei Dong2015Baidu Capital, NIO   Capital
264Shuidi1ChinaBeijingFinTechShen Peng2016Tencent, Sinovation   Ventures, IDG, Meituan Dianping
264Sila Nanotechnologies1USAAlamedaNew EnergyAlex   Jacobs, Gene Berdichevsky, Gleb Yushin2011Sutter Hill Ventures,   Daimler
264Sinocelltech1ChinaBeijingLife SciencesXie Liangzhi2007Qiming
264Smartmi1ChinaBeijingConsumer GoodsSu Jun2014Shunwei, GIC, GGV   Capital
264Sonder1USASan FranciscoReal Estate TechFrancis Davidson,   Lucas Pellan, Olivier Gareau2012Tao Capital Partners,   Valor Equity Partners
264SoundHound1USASanta ClaraArtificial   IntelligenceJames   Hom, Keyvan Mohajer, Majid Emami2005Nvidia GPU Ventures,   Tencent Holdings, Walden Venture Capital
264StockX 1USADetroitE-commerceDan   Gilbert, Josh Luber2015DST Global, General   Atlantic, GGV Capital, Battey Ventures
264Sumo Logic1USARedwood CityCloud Christian Beedgen2010Greylock Partners,   Accel, Sequoia Capital, DFJ Growth, Sapphire Ventures, Battery Ventures
264sweetgreen1USACulver CityNew RetailJonathan   Neman, Nathaniel Ru, Nicolas Jammet2007Fidelity, Revolution,   T. Rowe Price
264Symphony   Communication Services1USAPalo AltoInstant MessengerDavid Gurle2014Mitsubishi UFJ   Financial Group, Standard Chartered Bank, BNP Paribas Private Equity
264Taboola 1USANew YorkSoftware and ServicesAdam Singolda2007Fidelity Management   and Research Company, Pitango Venture Capital, Marker, Evergreen Venture   Partners
264Talkdesk1USASan FranciscoArtificial   IntelligenceCristina   Fonseca, Tiago Paiva2011Viking Global   Investors, Storm Ventures, DFJ, Salesforce Ventures
264TalkingData1ChinaBeijingBig DataCui Xiaobo2011SBCVC, Milestone   Capital, Northern Light
264Tango 1USAMountain ViewInstant MessengerEric Setton, Uri   Raz2009Alibaba Group, DFJ
264TechStyle Fashion   Group1USAEl SegundoE-commerceAdam   Goldenberg, Don Ressler2010Matrix Partners, Rho   Capital Partners, Shining Capital
264Tencent Trusted   Doctors1ChinaBeijingHealth TechWang Shirui2018Tencent ,Country   Garden,Sequoia
264The Honest   Company 1USASanta MonicaConsumer GoodsBrian   Lee, Christopher Gavigan, Jessica Alba, Sean Kane2012General Catalyst,   Institutional Venture Partners, Wellington Management, L Catterton, Glade   Brook Capital Partners
264ThoughtSpot 1USASunnyvaleArtificial   IntelligenceAbhishek   Rai, Ajeet Singh, Amit Prakash, Priyendra Deshwal, Sanjay   Agrawal, Shashank Gupta, Vijay Ganesan2012Lightspeed Venture   Partners, Sapphire Ventures, Khosla Ventures, General Catalysts
264Thumbtack1USASan FranciscoE-commerceJeremy   Tunnell, Jonathan Swanson, Marco Zappacosta, Sander Daniels2008CapitalG, Baillie   Gifford, Javelin Venture Partners, Sequoia Capital
264TMON 1South KoreaSeoul E-commerceChristopher   Cynn, Daniel Shin, Kihyun Kwon, Tommy Donghyun Kim2010Simone Investment   Managers, NHM Invesment Corp, Kohlberg Kravis Roberts, Anchor Equity Partners
264Toss 1South KoreaSeoul FinTechSeunggun Lee2011Altos Ventures,   Goodwater Capital, GIC, Kleiner Perkins, Sequoia Capital China, Ribbit   Capital
264Tradeshift1USASan FranciscoCloud Christian   Lanng, Gert Sylvest, Mikkel Brun2009PayPal, Notion, Kite   Ventures, Scentan Ventures, Data Collective DCVC, Wipro Ventures, Goldman   Sachs Principal Strategic Investments , RTP Global, PSP Investments
264Tresata1USACharlotteBig DataAbhishek Virendra   Mehta, Richard Morris2011GCP Capital Partners
264Turo1USASan FranciscoShared EconomyShelby Clark2009Kleiner Perkins, SK   Holdings, August Capital, IAC
264TuSimple 1USASan Diego Artificial   IntelligenceHao Jianan, Chen   Mo, Hou Xiaodi2015Sina, Composite   Capital Management
264UCloud1ChinaShanghaiCloud Ji Xinhua2012DCM, Bertelsmann,   Legend Capital
264Udaan1IndiaBengaluruE-commerceAmod   Malviya, Sujeet kumar, Vaibhav Gupta2016Lightspeed Venture   Partners, DST Global
264Udacity 1USAMountain ViewEdTechDavid   Stavens, Mike Sokolsky, Sebastian Thrun2011Bertelsmann,   Andreessen Horowitz, CRV
264Unisound  1ChinaBeijingCloud Liang Jia'en2012Qiming, Qualcomm
264V Linker1ChinaShanghaiReal Estate TechZhou Junqiang2011Warburg Pincus
264View 1USAMilpitasNew EnergyPaul Nguyen2007Softbank Investment   Advisors, Blackrock, TIAA, Madrone Capital Partners, NanoDimension
264Vlocity1USASan FranciscoCloud Craig   Ramsey, David Schmaier, James Ramsey, Mark   Armenante, Young Sohn2014Salesforce Ventures,   Sutter Hill Ventures
264Vox Media1USAWashington DCMedia &   EntertainmentJerome   Armstrong, Joshua Topolsky, Markos Moulitsas, Tyler Bleszinski2003NBC Universal,   General Atlantic, Accel, Khosla Ventures
264VTS1USANew YorkReal Estate TechBrandon   Weber, Donald DeSantis, Karl Baum, Niall Smart, Nicholas   Romito, Ryan Masiello2012Bessemer Venture   Partners, Thrive Capital, OpenView Venture Partners, Insight Partners,   Brookfield Asset Management
264Wacai1ChinaHangzhouFinTechLi Zhiguo2009New Horizon, GX   Capital, IDG, Qiming Venture Partners 
264WalkMe1USASan FranciscoCloud Dan Adika, Eyal   Cohen, Rephael Sweary2011Gemini Israel   Ventures, Scale Venture Partners, Greenspring Associates, Insight Partners,   EDBI
264WeLab1ChinaHong KongFinTechSimon Loong2013TOM Group (CK Hutchison), Khazanah, IFC, Sequoia
264WiFi Master key1ChinaShanghaiSoftware and ServicesChen Danian2013HTCC, Northern Light
264Womai1ChinaBeijingE-commerceZhang Dongfeng2009IDG, SAIF, Baidu
264WTOIP1ChinaGuangzhouSoftware and ServicesXie Xuhui2013Infinite Capital,   Hopu Investment Management
264Yanolja1South KoreaSeoul E-commerceLee Sujin2005Partners Investment,   Sky Lake Investment, Booking Holdings, GIC
264Yaochufa1ChinaGuangzhouE-commerceDing Genfang2011uzai, Sequoia,   Sinovation Ventures
264YH Global1ChinaShenzhenLogistics Zhang Quan2012Yonghua Capital, HNF,   Stone Capital
264Yidianzixun1ChinaBeijingMedia &   EntertainmentLi Ya2012Phoenix, Xiaomi, IDG
264Yijiupi1ChinaBeijingE-commerceWang zhaocheng2014Meituan Dianping,   Tencent, Bertelsmann
264Yimidida1ChinaShanghaiLogistics Yang Xingyun2015Boyu Capital, Hopu   Investment Management, GLP, Source Code Capital, CDH Investments
264yMatou1ChinaShanghaiE-commerceZeng Bibo2009Telescope Investment,   SAIF
264Yooli1ChinaBeijingFinTechWu Yiran2012Hillhouse,   Morningside, SBCVC
264Youdao1ChinaBeijingSoftware and ServicesZhou Feng2007Legend Capital
264Yunniao1ChinaBeijingLogistics Han Yi2014Warburg Pincus,   Sequoia, Matrix Partners China
264Zeta Global1USANew YorkArtificial   IntelligenceDavid A.   Steinberg, John Sculley2007GPI Capital, GSO   Capital Partners
264Zhangmen1ChinaShanghaiEdTechZhang Yi2014Shunwei, Fortune   Capital, Warburg Pincus
264Zhuanzhuan1ChinaBeijingE-commerceYao Jinbo2015Tencent
264Zipline International1USAHalfmoon BayLogistics Keenan   Wyrobek, Keller Rinaudo, Will Hetzler2014Sequoia Capital,   Visionnaire Ventures, Katalyst.Ventures
264ZipRecruiter1USALos AngelesE-commerceIan Siegel, Joe   Edmonds, Ward Poulos, Willis Redd2010IVP (Institutional   Venture Partners)


Keywords:global unicorn、 world’s billion-dollar tech ‘start-ups’
Editor:Porsha Pan