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Unicorns in waiting: These startups could pass the billion-dollar mark in the next year

We’ve gathered the 29 US VC-backed companies that have reached valuations between $500 million and $999 million so far in 2018. By this time next year, some of them will likely be unicorns.

Last month, Zola raised a $100 million round that valued the wedding startup at $650 million. And in the beginning of the year, Sun Basket, a meal-kit delivery provider, secured $58 million in fresh funding at a valuation of roughly $508 million.

Those are just two of the 29 venture-backed companies in the US that have reached valuations between $500 million and $999 million so far this year. By this time next year, it’s likely that a lot of them will become unicorns.

For US venture-backed businesses that have reached valuations over $1 billion in the last decade and a half, a median of 1.12 years passed from their final pre-unicorn round to the financing that pushed them over the billion-dollar mark, per PitchBook data. Among that group, the last pre-unicorn round was raised at a median valuation of $500 million, while the unicorn round was at a median valuation of $1.1 billion.

To visualize the companies with particularly strong potential to join the unicorn club in the next year or so, we’ve gathered the US VC-backed companies that have reached valuations of $500 million or more in 2018—but have yet to reach unicorn status.

The chart below is sortable by different criteria: Click on the column headings to sort by deal date, deal size or valuation. Click on the rows to see select investors in each startup, and click on any company’s logo to go to its free profile.



  • dana-headshot.jpg
    Written by Dana Olsen

    Dana Olsen was a senior writer at PitchBook, covering all things venture capital. She has a BA from UC Santa Barbara and a JD from Loyola Law School.

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