CB Insights and The New York Times team up to spot high-momentum startups.
In collaboration with the New York Times, we put together a list of 50 future unicorns (companies that we think will eventually be valued at $1B or more).
To identify companies, we used our Mosaic algorithm, a metric that combines a company’s financial health, the amount of traction it has, and the strength of its market.
We used the same approach for our 2015 version of this list, of which 48% of our predictions have become unicorns.
Here are some key points about our 2019 list:
- Industry agnostic: No single industry dominates the list, with startups tackling everything from HR tech to payments to pharmacies. The two most common areas were Accounting & Finance software and Business Intelligence tools.
- More international geographies represented: Of the 50 future unicorns on the list, 5 are based in India, 4 are in China, 3 are in Latin America, 3 are in Europe, and 2 are in Australia.
- The median company on our list has $111.4M in total funding and has raised a Series C.
- The US hosts the most future unicorns: The majority of companies on our list (66%) are from the United States. Other geographies with a substantial presence on the list are India (10%), China (8%), and Brazil (4%).
- US states represented the most: California (22), New York (5), and Massachusetts (2). Other states represented include Washington, Kansas, Georgia, and DC, which are each home to one future unicorn on the list.
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50 FUTURE UNICORNS Company Location Industry Airwallex Australia Payments Alto Pharmacy United States Pharmacies Amplitude United States Business Intelligence, Analytics, & Performance Management Beisen China HR & Workforce Management Benchling United States Healthcare BetterCloud United States Application & Data Integration Blend United States Accounting & Finance Braze United States Customer Relationship Management C2FO United States Accounting & Finance CarDekho India Auto CargoX Brazil Supply Chain & Logistics Carta United States Compliance Checkr United States HR & Workforce Management Citymapper United Kingdom Location-Based & Navigation
