Last year, 79 US companies raised a VC round with a valuation of at least $1 billion, the highest deal value by unicorns ever. After years of high levels of VC fundraising, there may have never been a better time to raise capital for these highly valued companies.
The 2017 Annual Unicorn Report looks at how these companies have gone from a topic of conversation to a trend that drives a large amount of value throughout the US VC industry.
• Driven by the enormous amount of late-stage capital available throughout the industry, US unicorn activity bounced back in 2017 and nearly reached a record number of deals while raising nearly $20 billion from investors.
- 132 US-based companies currently hold the title of VC unicorn. The aggregate valuation of unicorns stood at just $35 billion in 2009, but has grown more than 20x since.
- While unicorn exits have trended higher in recent years, the group has reached double digit exits just once, while the past four years have averaged over 30 new companies to reach $1 billion valuation.