Monthly Unicorn Report

NEW UNICORNS
MONTHLY UNICORN REPORT
Sep 2020
New Unicorns - Quick Snapshot for Sep 2020
Sep 11 4.5 $131M 4.5 11.1

2020 # Unicorns Created Avg Years from Avg $ Funding Avg # Funding Rounds Avg Institutional Investors
Series A to Unicorn Round before Unicorn Round before Unicorn Round before Unicorn Round
Last 10.7 4.5 $182M 3.5 5.7

5 Years # Unicorns Created - Avg Years from Avg $ Funding Avg # Funding Rounds Avg Institutional
Monthly Average Series A to Unicorn Round before Unicorn Round before Unicorn Round Investors
before Unicorn Round
Seed Stage Investors Early Stage Investors Late Stage Investors Top Countries
New Enterprise Associates Sequoia Capital KKR United States (6)
Atlas Venture Wells Fargo Bain Capital Ventures United Kingdom (1)
Charles River Ventures Index Ventures General Atlantic India (1)
SV Angel Menlo Ventures TPG Brazil (1)
Social Capital Atlas Venture Telstra Ventures Singapore (1)
Advantage Capital* Charles River Ventures Baillie Gifford France (1)
+25 more +43 more
Note: *First time investor in a Unicorn. **Unicorn was created for the first time in this country.
2 Monthly Unicorn Report - Sep 2020 Copyright © 2020, Tracxn Technologies Private Limited. All rights reserved.
Average Time to become Unicorn
Unicorns created in Years to Years from
Sep 2020 become Unicorn Series A to Unicorn
Unacademy 5 3.7
Patreon 7 6.2
Skillz 8 7.1
Zwift 6 3.8
Recursion 7 4.7
Vtex.com 21 -
Mirakl 8 7.9
Greenlight 6 2.6
PropertyGuru 13 -
Playco 5 -
d-Local 7 -
# Unicorns Created Avg years Avg years from

to become Unicorn Series A to Unicorn Round
Average Funding before becoming Unicorn
Unicorns created in # Funding # Institutional
Sep 2020 $ Funding* Rounds* Investors*
Unacademy $201M 9 11
Patreon $165M 5 21
Skillz $54M 7 15
Zwift $170M 3 9
Recursion $209M 11 24
Vtex.com $140M 2 4
Mirakl $100M 4 6
Greenlight $82M 3 18
PropertyGuru $322M 5 13
Playco - - 1
d-Local - - 0
Avg $ Funding Avg # Funding Rounds Avg Institutional Investors

before Unicorn Round before Unicorn Round before Unicorn Round
Note: * The data does not include the funding received in the Unicorn Round.
New Unicorns - Distribution by Geography
All Time
Country Unicorns
United States 541
China 214
United Kingdom 48
India 32
Germany 22
South Korea 15
Israel 15
Brazil 11
Japan 11
New Unicorns in Sep 2020 Singapore 10
Note: If a company has more than one locations, then it is counted in both countries. *Unicorn was created for the first time in this country.
New Unicorns - Investors by Stage of Entry (1/2)
Company # Investors Seed & Early Stage Late Stage
Unacademy Sequoia Capital, SAIF Partners, Blume Ventures, Nexus Venture General Atlantic, Facebook, Steadview Capital, ABG Capital,
11
(2015, Bangalore, $354M) Partners, Tracxn Labs*, WaterBridge Ventures* udaan*
Patreon Index Ventures, Atlas Venture, Charles River Ventures, SV Angel,

21 DFJ Growth, Glade Brook Capital, Initialized Capital
(2013, San Francisco, $255M) Thrive Capital, Accomplice and 12 more
Telstra Ventures, Accomplice, Liberty Global, Founders Circle
Skillz Sequoia Capital, Atlas Venture, The Kraft Group, Arizona Bay
13 Capital, Western Alliance Bancorporation, PROOF.VC and 1
(2012, San Francisco, $213M) Consulting, NextView Ventures, KBW Ventures
more
Zwift Shasta Ventures, RTP Global, Novator Partners, Waypoint Capital,

9 -
(2014, London, $620M) True Global*, Highland Europe and 3 more
Recursion Menlo Ventures, Charles River Ventures, Data Collective, Felicis Baillie Gifford, Two Sigma Ventures, Intermountain
19
(2013, Salt Lake City, $448M) Ventures, Mubadala, AME Cloud Ventures and 8 more Healthcare*, University of Minnesota*, Texas Tech*
Vtex.com 3 - SoftBank Corp, Gavea Investments*, Constellation*

(1999, Sao Paulo, $365M)
Mirakl 5 Felix Capital, Elaia, 83North, Ubi i/o* Bain Capital Ventures
(2012, Paris, $400M)
Greenlight Wells Fargo, New Enterprise Associates, SunTrust Bank, Social

18 -
(2014, Atlanta, $297M) Capital, Relay Ventures, JPMorgan Chase and 12 more
PropertyGuru True Global Ventures 4 Plus, Vulpes Invest, Tigris Capital*, KMK
10 KKR, TPG, Square Peg, Emtek, Emtek*
(2007, Singapore, $543M) Online, ImmobilienScout24*
Note: Unicorn Round investors are not included. * First time Investors in Unicorns.
New Unicorns - Investors by Stage of Entry (2/2)
Company # Investors Seed & Early Stage Late Stage
Playco 1 Kortschak Investments -

(2015, San Francisco, $100M)
d-Local - - -
(2013, Montevideo, $200M)
Note: Unicorn Round investors are not included. * First time Investors in Unicorns.
New Unicorns created in Sep 2020
List of New Unicorns created in Sep 2020 (1/2)
Company Description Founded Location Funding Unicorn Round Details Profile
02 Sep 2020 - Series F - $154M
Unacademy Provider of online learning platform 2015 Bangalore 354M Investors - SoftBank Vision Fund, Facebook, Blume Link
Ventures and 4 more
02 Sep 2020 - Series E - $90.0M
Crowdfunding for musicians, artists &
Patreon 2013 San Francisco 255M Investors - New Enterprise Associates, Wellington Link
content creators
Management, Glade Br.. and 4 more
02 Sep 2020 - Series D - $159M
eSports gaming platform for the mobile
Skillz 2012 San Francisco 213M Investors - Wellington Management, Fidelity Link
games
Investments, Franklin Temp.. and 1 more
16 Sep 2020 - Series C - $450M
Indoor cycling workouts with
Zwift 2014 London 620M Investors - Highland Europe, Causeway Media Link
gamification
Partners, Novator Partners and 5 more
Developer of a drug discovery platform

Recursion 2013 Salt Lake City 448M - Link
for rare genetic diseases
28 Sep 2020 - Series D - $225M

Provider of end-to-end eCommerce
Vtex.com 1999 Sao Paulo 365M Investors - Tiger Global Management, Lone Pine Link
Solutions for brands & retailers
Capital, Constellation and 2 more
22 Sep 2020 - Series D - $300M
Provider of shopping cart solutions for
Mirakl 2012 Paris 400M Investors - Permira, 83North, Bain Capital Ventures Link
businesses
and 2 more
24 Sep 2020 - Series C - $215M
The debit card for kids that parents
Greenlight 2014 Atlanta 297M Investors - Canapi, TTV Capital, DST Global and 4 Link
manage from their phones
more
List of New Unicorns created in Sep 2020 (2/2)
Company Description Founded Location Funding Unicorn Round Details Profile
Online platform to find real estate 01 Sep 2020 - Series E - $220M

PropertyGuru 2007 Singapore 543M Link
properties Investors - TPG, KKR
21 Sep 2020 - Series A - $100M

Playco Web-based video game developer 2015 San Francisco 100M Investors - Sozo Ventures, Sequoia Capital, Link
Caffeinated Capital and 5 more
15 Sep 2020 - Series D - $200M

d-Local PCI level 1 payment gateway 2013 Montevideo 200M Link
Investors - General Atlantic, undefined
Back to List
Unacademy
Provider of online learning platform
76.2K
Twitter Followers
30.8M
Mobile Downloads
2015 Bangalore $354M $2.6M 1401 5 280

Founded Location Funding Annual Revenue Employee Count App Rating News Mentions
Founding Team Top Competitors
Gaurav Munjal Sachin Gupta

Co-Founder & CEO Co-Founder
Ex-Founder Flatchat, Directi. NMIMS Livspace, ex-Founder Shopibin, ibibo BYJU'S Varsity Tutors GradeUp
University BTech 2012 Group, CommonFloor, Cisco Systems.. (2011, Bangalore, $2.1B) (2007, St. Louis, $107M) (2015, Noida, $16.9M)
View all 1199 Competitors
Roman Saini Hemesh Kumar Singh Coverage Areas
Co-Founder Co-Founder & CTO
Ex-IAS. AIIMS Delhi MBBS 2013 Ex-Flatchat. MNNIT Allahabad BTech 2013
Test Preparation Tech K-12 EdTech
Funding Rounds Key News

Sep 2020 $154M Series F SoftBank Vision Fund, Face.. +5 more • Jun-2020 - Unacademy accelerates towards series F Global Corporate Venturing
Feb 2020 $110M Series E General Atlantic, Facebook +5 more • Mar-2020 - Unacademy Raises $110M in Series E Funding FinSMEs
Jun 2019 $50.4M Series D Steadview Capital +5 more • Dec-2019 - General Atlantic May Lead Unacademy’s $100 Mn Series E
Round Inc42
Mar 2019 $303K Angel
• Sep-2019 - Ed-tech startup Unacademy names ex-Xiaomi executive Karan
Jul 2018 $21.0M Series C Sequoia Capital, SAIF Part.. +2 more Shroff as VP Marketing People Matters
May 2018 $574K Series B Nexus Venture Partners +3 more
View all 10 Funding Rounds View all 6 Key News
Back to List
Patreon
Crowdfunding for musicians, artists & content creators
148.8K
Twitter Followers
4.0M
Mobile Downloads
2013 San Francisco $255M - 163 - 120

Sam Yam Jack Conte

Co-Founder Co-Founder
Co-Founder-Patreon, Y Combinator, Stanford (BA, Music) Kickstarter Renew Financial CAMPFIRE
ex-StartX, Google, AdWhirl, Loopt, S.. (2009, Brooklyn, $10.0M) (2008, Oakland, $125M) (2011, Tokyo, $29.3M)
Coverage Areas
Crowdfunding OTT Video Digital Publishing

Platforms
View all coverage areas

Sep 2020 $90.0M Series E New Enterprise Associates +6 more • Sep-2020 - SEON Partners with Patreon to Fight Subscription Fraud and
Abuse Financial IT
Jul 2019 $60.0M Series D Glade Brook Capital +5 more
• Sep-2020 - Patreon Chooses Qualtrics BrandXM MarTech Series
Sep 2017 $60.0M Series C Thrive Capital, Index Vent.. +3 more
• Sep-2020 - Patreon secures $90m in funding to push it into unicorn status
Jan 2016 $30.0M Series B Thrive Capital +6 more Silicon Republic
Jun 2014 $15.0M Series A Index Ventures +7 more • Jul-2019 - Patreon raises $60 million to expand its creator membership
platform internationally VentureBeat
Aug 2013 $2.1M Seed SV Angel +6 more
Back to List
Skillz
eSports gaming platform for the mobile games
3.6K
Twitter Followers
-
Mobile Downloads
2012 San Francisco $213M - 97 - 67

Andrew Paradise Casey Chafkin

ex-Founder AisleBuyer & Double Picture, ex-AisleBuyer, CarMax. Duke University BS Rec Room PlayVS Blast
Intuit, The Watermill Group, B.. 2006, Harvard Business Schoo.. (2016, Seattle, $29.0M) (2017, Santa Monica, $98.6M) (2018, Newport Beach, $12.0M)
Coverage Areas
eSports

Sep 2020 $159M Series D Wellington Management +3 more • Sep-2020 - Ryu Games is launching its own games tournament platform to
compete with Skillz Pocket Gamer
Undisclo
Jun 2018 Series C PROOF.VC • Sep-2020 - Skillz Set to Go Public to Bring Competitive Mobile Gaming to
sed
Everyone Business Wire
Dec 2017 $25.0M Series C Liberty Global +4 more
• Apr-2020 - Skillz Ranked Among America's Top Private Companies on Inc.'s
Sep 2015 $15.0M Series B The Kraft Group, Sequoia Capital Private Titans of 2020 List PR Newswire
Sep 2014 $6.0M Series A Atlas Venture, NextView Ventures • Mar-2020 - Skillz Partners With the American Red Cross to Help Alleviate
Aug 2013 $5.5M Series A Atlas Venture Blood Shortages Due to Coronavirus AiThority
View all 8 Funding Rounds
Back to List
Zwift
Indoor cycling workouts with gamification
65.9K
Twitter Followers
1.5M
Mobile Downloads
2014 London $620M - 22 4 78

Eric Min Scott Barger

Ex- Co-Founder Sakonnet Technology, JP Founder SpringBox Ventures, ex- Founder FitXR BitGym Tacx
Morgan. Sentient Health Japan, Rising .. (2016, London, $7.5M) (2011, San Francisco, $25.0K) (1957, Wassenaar)
Jon Mayfield Alarik Myrin Coverage Areas
Co-Founder Co-Founder & CSO
Ex-Applied Minds, jmX Digital Productions, Ex- Co-Founder Sakonnet Technology, JP
High Impact Games, Acclaim .. Morgan, Cap Gemini, Ernst & You.. Fitness & Wellness
Tech

Sep 2020 $450M Series C KKR, Highland Europe +6 more • Sep-2020 - Fitness Platform Zwift Notches $450M Amid Home Workout
Investment Craze PYMNTS.com
Dec 2018 $120M Series B Highland Europe +3 more
• Sep-2020 - Zwift plans to offer its own hardware following $450 million
Nov 2016 $27.0M Series A Novator Partners +3 more investment bicycleretailer.com
Undisclo • Sep-2020 - Zwift Raises $450 Million Investment; Series C Round Led By KKR
Mar 2016 Seed COLOPL
sed AiThority
• Dec-2018 - Indoor Cycling App Zwift Secures $120m Investment To Aid

Esports Expansion Forbes
Back to List
Recursion
Developer of a drug discovery platform for rare genetic diseases
3.3K
Twitter Followers
-
Mobile Downloads
2013 Salt Lake City $448M - 76 - 85

Chris Gibson Blake Borgeson

Rice University BS 2005, University of Utah Ex-Co-Founder BuildASign & Seventh Gilead Alexion CureVac
PhD 2013 & MD 2016 Coast Technologies, Central Texas A.. (1987, Foster City) (1992, Zurich, $8.0M) (2000, Tubingen, $975M)
Dean Li Coverage Areas
Co-Founder
Merck Research, Co-Founder Navigen.
University of Chicago 1983, WUSM S.. Rare Diseases Life Sciences Tech Biopharma (by
Therapy)
View all coverage areas

Sep 2020 $239M Series D Casdin Capital +13 more • Sep-2020 - Recursion Pharma nets $239M, plus an AI research contract with
Bayer FierceBiotech
Jul 2019 $121M Series C Baillie Gifford +13 more
• Sep-2020 - Bayer collaborates with Recursion to strengthen digital drug
Jun 2018 $20.5M Conven.. Square 1 Bank discovery and advance new therapies for fibrotic diseases pipelinereview.com
Oct 2017 $60.0M Series B Data Collective, Lux Cap.. +9 more • Aug-2020 - Recursion Posts Immune Mapping and Drug Discovery Resource
Feb 2017 $4.0M Conven.. Square 1 Bank and Releases New Image Datasets Business Wire
Nov 2016 $2.1M Series A Felicis Ventures • Jul-2019 - Recursion Pharmaceuticals Secures $121 Million in Series C
Financing CMOCRO
Back to List
Vtex.com
Provider of end-to-end eCommerce Solutions for brands & retailers
1.3K
Twitter Followers
30
Mobile Downloads
1999 Sao Paulo $365M - - - 43

João Machado Mariano (Gomide de) Faria

- Co Founder & CEO
- ex- Banco Icatu. Federal University of Rio Epicor Commercetools ShopX
de Janeiro 2000 (1972, Austin, $20.0M) (2006, Munich, $145M) (2015, Bangalore, $59.8M)
Geraldo Thomaz Coverage Areas
Co Founder
ex- Eagle do Brasil, Banco Icatu. Federal
University of Rio de Janeiro.. E-Commerce Enablers

Sep 2020 $225M Series D Tiger Global Management +4 more • Sep-2020 - VTEX Says New Funding Puts Valuation At $1.7B PYMNTS.com
Nov 2019 $140M Series C SoftBank Corp +2 more • Sep-2020 - VTEX Named a ‘Leader’ in the IDC MarketScape: Worldwide B2C
Digital Commerce Platforms 2020 Vendor Assessment PRWeb
Undisclo
Mar 2015 PE Riverwood Capital • Sep-2020 - SAP Hybris Customer Management Executive Robert Werkema
sed
joins VTEX as VP, Strategic Customers MarTech Series
• Nov-2019 - VTEX, an e-commerce platform used by Walmart, raises $140M
led by SoftBank's LatAm fund TechCrunch
Back to List
Mirakl
Provider of shopping cart solutions for businesses
2.2K
Twitter Followers
-
Mobile Downloads
2012 Paris $400M - - - 91

Nicolas de Leudeville Adrien Nussenbaum

Co-Founder & CEO Co-Founder & CEO
McKinsey & Company, ex- NUMA Paris, Ex-Co-Founder SplitGames, Founder Drync Weebly BOTTLECAPPS
MD Webedia, Founder Admitis, Poweo.. FINEDEV, Co-Founder & CEO All Instan.. (2008, Boston, $5.2M) (2007, San Francisco, $35.6M) (2012, Irving)
Coverage Areas
E-Commerce Enablers B2B E-Commerce

Sep 2020 $300M Series D Permira, 83North +3 more • Sep-2020 - Mirakl, French specialist in marketplaces, raises 300 million
dollars Usine Digitale
Feb 2019 $70.0M Series C Bain Capital Ventures, 83N.. +2 more
• Aug-2020 - Mirakl Named a Sample Vendor in Gartner Hype Cycle for Digital
Jul 2015 $20.0M Series B 83North, Felix Capital Commerce, 2020 GlobeNewswire
Nov 2012 $3.2M Series A Elaia • Apr-2019 - Mirakl raises $70 million to deal with the commercial center of
Undisclo your web based business site – TechCrunch gulftomorrow.com
- Series B Felix Capital
sed • Feb-2019 - Bain Capital Venture et al. invest $70m in Mirakl Unquote
Back to List
Greenlight
The debit card for kids that parents manage from their phones
1.2K
Twitter Followers
300.0K
Mobile Downloads
2014 Atlanta $297M - 25 3 56

Timothy Sheehan
Co-Founder & CEO
Ex - ATDC, Fiserv, Reachable. Education - Current gohenry BusyKid
Marymount University (2015, New York City, $45.0M) (2012, New York City, $14.3M) (2011, Scottsdale, $472K)
Coverage Areas
Payments

Sep 2020 $215M Series C Canapi, TTV Capital +5 more • Sep-2020 - Greenlight raises latest round at $1.2bn valuation Venture Capital
Journal
Aug 2019 $54.0M Series B Drive Capital, JPMorgan C.. +4 more
• May-2020 - FinTech Pioneer Greenlight Banks on StackRox for Security in
Feb 2018 $20.0M Series A TTV Capital, The Alexa .. +6 more Amazon EKS globalsecuritymag.com
May 2017 $7.5M Seed Relay Ventures +3 more • Sep-2019 - Greenlight raises $54 million for a debit card that teaches kids
financial literacy VentureBeat
• Aug-2019 - Atlanta Fintech Aimed at Children Spending Raises $39M Metro
Atlanta CEO
Back to List
PropertyGuru
Online platform to find real estate properties
-
Twitter Followers
1.2K
Mobile Downloads
2007 Singapore $543M $64.8M - 3 58

Hari V Krishnan Steve Melhuish

CEO Co-Founder
Future Economy Council, YPO, Founder Planet Rise, Wavemaker 99.co PropertyGuru Rightmove
billionBRICKS, ex-LinkedIn, Co-Founder St.. Partners, ex-Founder Business2profit, C.. (2014, Singapore, $25.5M) (2007, Singapore) (2000, Milton Keynes)
Jani Rautiainen Coverage Areas
Co-Founder & Executive Di..
Vulpes Investment Management, True
Global Ventures, ex-Dunnock Consult.. Residential Real Estate Commercial Real
Tech Estate Tech

Sep 2020 $220M Series E TPG, KKR • Sep-2020 - TPG, KKR Invests US$220M in Singapore’s PropertyGuru The Insider
Stories
Oct 2018 $145M Series D KKR, TPG, Square Peg, Emtek
• May-2020 - PropertyGuru Announces a Great 2019 Online Marketplaces
Jun 2015 $129M Series C TPG, Square Peg, Emtek • Mar-2020 - Online Real Estate Marketplace, PropertyGuru, to Expand into
Jun 2012 $47.0M Series B ImmobilienScout24 Home Finance Market Crowdfund Insider
May 2011 $4.0M Conven.. • Jun-2019 - VinaCapital Ventures invests $4m in online real estate platform
Rever Deal Street Asia
Jun 2008 $1.4M Seed
Back to List
Playco
Web-based video game developer
8.9K
Twitter Followers
-
Mobile Downloads
2015 San Francisco $100M - - - 4

Michael Maxwell Carter

CEO
ex-Founder Orbited, OSSLine & Xio Junglee Games Miniclip Playtika
Interactive. Pomona College (2010, Delhi, $3.6M) (2001, Neuchatel) (2010, Tel Aviv, $1.5M)
Coverage Areas
PC & Console Gaming

Sep 2020 $100M Series A Sequoia Capital, Sozo Vent.. +6 more • Sep-2020 - Japan gaming start-up raises Series A, hits $1b valuation Asian
Venture Capital Journal
Back to List
d-Local
PCI level 1 payment gateway
-
Twitter Followers
-
Mobile Downloads
2013 Montevideo $200M - - - 49

Sebastian Kanovich
CEO
Ex - AstroPay LLP, Universidad ORT Stripe PayPal FIS
Uruguay, Banco Santander. Education.. (2010, San Francisco, $1.7B) (1998, San Jose, $800M) (1968, Jacksonville)
Coverage Areas
Payments

Sep 2020 $200M Series D General Atlantic, addition.com • Sep-2020 - dLocal fetches $200m Venture Capital Journal
• Sep-2020 - Spotify Premium relies on dLocal for new payment options in
Latin America Business Wire
• Aug-2020 - Zara (Inditex) chooses dLocal to support its e-commerce
operations in Uruguay and Paraguay Business Wire
• Jul-2020 - dlocal unveils Merchant Dashboard to help clients optimize
business outcomes IBS Intelligence
Appendix
All-time Leading Investors in Unicorns (1/8)
Based on investments before the Unicorn Round*
Investor # Portfolio Investor # Portfolio Investor # Portfolio Investor # Portfolio
Sequoia Capital 78 Founders Circle Capital 25 Khosla Ventures 20 Battery Ventures 17
Kleiner Perkins 33 TrueBridge 24 FJ Labs 20 Tech Nation 17
Tencent 33 Insight Venture Qiming Venture Western Technology

23 20 17
Partners Partners Investment
Tiger Global Access Technology
33 General Atlantic 23 DST Global 20 17
Management Ventures
Andreessen Horowitz 32 Greenspring Associates 23 IDG 20 TriplePoint Venture
17
General Catalyst Growth
G Squared 31 Index Ventures 22 19
Partners All Blue Capital 17
New Enterprise Data Collective 22 Meritech Capital
30 19 Plug and Play Tech
Associates Partners 16
Goldman Sachs 21 Center
Accel 30 Zhen Fund 19 RocketSpace 16
GV 28 Temasek 21
Glynn Capital 19 Plus Capital 16
Flying Cow Ventures 28 Y Combinator 21
Shunwei Capital 19 Global Founders Capital 16
Bessemer Venture AME Cloud Ventures 21
27 Greylock Partners 18
Partners Section Partners 16
IVP 20
TriplePoint Capital 26 Hercules Capital 18 Evolution VC Partners 16
Harmony Venture Founders Fund 20 Kaplan Group
26 18 Hone Capital 16
Partners SV Angel 20 Investments
GGV Capital 25 Iconiq Capital 18 All Access Venture
16
Partners
Note:* The portfolio count refers to the Unicorn portfolio where the investor had invested before the Unicorn Round
TPG 15 Redpoint Ventures 13 TCV 12 500 Startups 11
2020 Ventures 15 Spark Capital 13 QED Investors 12 Comcast Ventures 11

Morningside Venture Felicis Ventures 13 Entree Capital 12 DCM Ventures 11
15
Capital
Industry Ventures 13 Millennium Technology Alumni Ventures Group 11
Matrix Partners China 15 12
Value Partners
Norwest Venture Thrive Capital 13 K2 Global 12 BoxGroup 11
14
Partners Herald Investment
13 Valor Equity Partners 12 TeleSoft Partners 11
KKR 14 Management
Bertelsmann Asia QueensBridge Venture
Lightspeed Venture Cross Creek 13 12 11
14 Investment Fund Partners
Partners
Warburg Pincus 13 Ben Jen Holdings 12 Breyer Capital 11
ACE and Company 14
True Wind Capital 13 University Growth Fund 12 Puhua Capital 11
Hillhouse Capital Group 14
Coatue 13 Founders Guild 12 Bracket Capital 11
HarbourVest Partners 14
China Broadband Alpha Square Group 13 Ribbit Capital 12 Schindler AM Ventures 11
14
Capital Charles River Ventures 12 CSC Upshot Ventures 11
Aeon 12
Matrix Partners 13
CPP Investments 12 ADIT Ventures 12 Reform Ventures 11
Vulcan Capital 13 Market Central Private
Sapphire Ventures 12 Reshape 12 11
International Finance Assets
13
Corporation
Qualcomm Ventures 10 Brainchild 10 Mosaic Ventures 9 Sprout Capital Partners 9
Canvas Ventures 10 USM 10 Lerer Hippeau Ventures 9 SAW Capital Partners 9
Designer Fund 10 Troy Capital Partners 10 IDG Capital 9 American Express

9
Ventures
Collaborative Fund 10 Initialized Capital 10 Horizons Ventures 9 Brookside Equity
9
Partners
Saints Capital 10 Ventura Capital 10 Lead Edge Capital 9
IT Ventures 9
83North 10 StraightPath Venture Allen & Company 9
10
Partners Agile Angel 9
Bling Capital 10 Hemisphere 10 DFJ Growth 9 Omega Venture
9
CrunchFund 10 Cota Capital 9 Partners
OGGI Equity 10
Hard Yaka 9
Yunfeng Capital 10 Silicon Valley Bank 9 SoftBank Group 9
NewView Capital 9
Legend Capital 10 DFJ 9 AlpInvest Partners 9
Sky9 Capital 9
SIG China 10 T. Rowe Price 9 Signatures Capital 9
adm ventures 9
Lakestar 10 Foundation Capital 9 DG Incubation 9
Glade Brook Capital 9
Tao Capital Partners 10 Salesforce Ventures 9 Morningside Ventures 9
True Global Ventures 4 Nexus Venture Partners 9
Gaorong Capital 10 SoftBank Group Corp 9 9
Plus 7 Global Capital 9
Idinvest Partners 8 Harmony Partners 8 Regah Ventures 8 CreditEase 8
Trinity Ventures 8 Archer Venture Capital 8 Aglae Ventures 8 Intel 7
Alibaba Group 8 Prosus 8 Sozo Ventures 8 Highland Capital

7
Partners
FirstMark 8 Akkadian Ventures 8 Green Bay Ventures 8 Menlo Ventures 7
E.ventures 8 Sofina 8 Oceanic Partners 8 Union Square Ventures 7
Wing Venture Capital 8 Legend Star 8 ACME 8 Bain Capital Ventures 7
Draper Associates 8 CDH Investments 8 Digital Horizon 8 First Round Capital 7
CapitalG 8 Atomico 8 Eversource Capital 8 RRE Ventures 7
Greycroft Partners 8 Bezos Expeditions 8 Otter Rock Capital 8 Lowercase Capital 7
Baillie Gifford 8 Fifth Era 8 NKM Capital 8 Xiaomi 7
Accomplice 8 Fortune Capital 8 Nima Capital 8 Founder Collective 7
Aster Capital 8 Oakhouse Partners 8 Avenue Alternatives 8 Foresite Capital 7
LocalGlobe 8 Acequia Capital 8 Outlander Labs 8 Techstars 7
Sinovation Ventures 8 SoftBank Vision Fund 8 Botticello 8 Social Capital 7
Slow Ventures 7 Sands Capital Ventures 7 Innovation Department 7 Floodgate Fund 6
Goodwater Capital 7 Lancapital 7 MSA 7 Oxeon Partners 6
DAG Ventures 7 Innovation Endeavors 7 KBW Ventures 7 Revolution 6
SevenVentures 7 Dragoneer Investment Vast Ventures 7 August Capital 6

7
Group
Pegasus Tech Ventures 7 Geodesic Capital 7 Alrai Capital 7 Telstra Ventures 6
Tenaya Capital 7 SoftBank Corp 7 The Carlyle Group 6 Daimler 6
Amino Capital 7 Prometheus Capital 7 Benchmark 6 Kortschak Investments 6
In-Q-Tel 7 ATM Capital 7 Venrock 6 Altos Ventures Capital 6

Wellington Polaris Partners 6 Pear Ventures 6
7 Cherry Tree 7
Management
8VC 7 King River 7 SAIF Partners 6 Cross Culture Ventures 6
HighGear Ventures 7 Great Oaks Venture Summit Partners 6 Future Ventures 6

7
Capital
Sherpalo Ventures 7 Mayfield 6 UCLA Ventures 6
Team In Residence 7
Juvo Capital 7 Eight Roads Ventures 6 XG Ventures 6
Shenzhen Capital Group 7
Recruit Strategic Naspers 6 ATEL Capital Group 6
7 Decacorn Capital 7
Partners
Dcode 6 Lightspeed China Nyca 6 Rencent Capital 6
6
Partners
Stockwell Capital 6 The Hina Group 6 GeniLink Capital 6 113 Ventures 6
EDBI 6 Founders Equity Source Code Capital 6 Greenoaks 6

6
Partners
GIC 6 Next Play Capital 6 BAce Capital 6
Toba Capital 6
Target Global 6 Meituan 6 Vika Ventures 6
NextEquity 6
Gobi Partners 6 Scale Up Venture Pritzker Group 6 Invertidos 6
6
GSV Capital 6 Capital Long Journey Ventures 6 Fidelity Investments 5
China Growth Capital 6
Bonfire Ventures 6 HOF Capital 6 Canaan Partners 5
Obvious Ventures 6
FS Investors 6 Red Swan Ventures 6 Google 5
Vaidya Capital Partners 6
Amidzad Partners 6 Tencent WeStart 6 Stanford University 5
Swordfish Investments 6
Raptor Group 6 PROOF.VC 6 InterWest Partners 5
Studio VC 6
Daniel Gutenberg 6 K2VC 6 Mubadala 5
VinaCapital 6 Scheuermann
Third Point Ventures 6 6 Pitango Venture Capital 5
Hammerstone Capital 6 Investment
Y Ventures 6 Palm Drive Capital 6 NGP Capital 5
Coastal Grove Partners 6
TA Associates Oak Investment IMM Investment 5 Scott Belsky 5
5 5
Management Partners
Digital Economy 5 China Creation
Maveron 5 Maverick Ventures 5 5
Ventures
Dell Technologies 5 Formation 8 5 Kima Ventures 5 Rizvi Traverse 5
Ares Capital Goldman Sachs
Shasta Ventures 5 5 5 Partner Ventures 5
Corporation Investment Partners
BMW i Ventures 5 Northgate Capital 5 FundersClub 5 Monkfish Equity 5
Felix Capital 5 JMI Management 5 Hinge Capital 5 Qiyuan Wealth 5

Expansion Venture VTF Capital 5 FinSight Ventures 5
5 Edventure Holdings 5
Capital
StartX 5 Northern Light Venture Husseini Group 5 Vertex Ventures 5
5
Capital
Pinnacle Ventures 5 Fabrice Grinda 5 Linear Venture 5
Tusk Ventures 5
K9 Ventures 5 Section 32 5 Ledger Capital 5
Beenos 5
Times Internet 5 Shin Ryoku 5 A-Grade Investments 5
Streamlined Ventures 5
Square Peg 5 Fisher Lynch Capital 5 Cathay Innovation 5
Alpha Venture Partners 5
Webb Investment Stelac 5 Rothenberg Ventures 5
5 Tengelmann Ventures 5
Network
Stripes 5 Forerunner Ventures 5
Moonshots Capital 5 CITIC Capital 5
Investor # Portfolio Investor # Portfolio
10x Group 5 Dragon Gateway 5
Mark Ventures 5 CICC 5
A Capital Venture 5 Viola Ventures 5
Zeno Ventures 5 Teamworthy Ventures 5
GSV Financial Group 5 Lenovo Venture Capital 5
Fresher Ventures 5 Huagai Capital 5
Mithril 5 Loayal Valley Capital 5
Xinding Capital 5 Magic Stone Alternative 5
Black River Ventures 5 Lingfeng Capital 5
Samsung Catalyst 5 Peregrine Ventures 5
Cherubic Ventures 5 Next Ventures 5
Yuan Jing Capital 5 Big Loud Capital 5
GE32 Capital 5 Genesis Capital 5
Valor 5 Night Owl Ventures 5
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Monthly Unicorn Report - Sep 2020

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Monthly Unicorn Report - Sep 2020

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NEW UNICORNS

Sep 11 4.5 $131M 4.5 11.1

Last 10.7 4.5 $182M 3.5 5.7

# Unicorns Created Avg years Avg years from

Avg $ Funding Avg # Funding Rounds Avg Institutional Investors

United States 541

New Unicorns in Sep 2020 Singapore 10

Patreon Index Ventures, Atlas Venture, Charles River Ventures, SV Angel,

Zwift Shasta Ventures, RTP Global, Novator Partners, Waypoint Capital,

Vtex.com 3 - SoftBank Corp, Gavea Investments*, Constellation*

Greenlight Wells Fargo, New Enterprise Associates, SunTrust Bank, Social

Playco 1 Kortschak Investments -

Developer of a drug discovery platform

28 Sep 2020 - Series D - $225M

Online platform to find real estate 01 Sep 2020 - Series E - $220M

21 Sep 2020 - Series A - $100M

15 Sep 2020 - Series D - $200M

2015 Bangalore $354M $2.6M 1401 5 280

Founding Team Top Competitors

Gaurav Munjal Sachin Gupta

Funding Rounds Key News

View all 10 Funding Rounds View all 6 Key News

2013 San Francisco $255M - 163 - 120

Founding Team Top Competitors

Sam Yam Jack Conte

Crowdfunding OTT Video Digital Publishing

Funding Rounds Key News

2012 San Francisco $213M - 97 - 67

Founding Team Top Competitors

Andrew Paradise Casey Chafkin

Funding Rounds Key News

2014 London $620M - 22 4 78

Founding Team Top Competitors

Eric Min Scott Barger

Funding Rounds Key News

• Dec-2018 - Indoor Cycling App Zwift Secures $120m Investment To Aid

2013 Salt Lake City $448M - 76 - 85

Founding Team Top Competitors

Chris Gibson Blake Borgeson

Funding Rounds Key News

1999 Sao Paulo $365M - - - 43

Founding Team Top Competitors

João Machado Mariano (Gomide de) Faria

Funding Rounds Key News

2012 Paris $400M - - - 91

Founding Team Top Competitors

Nicolas de Leudeville Adrien Nussenbaum

E-Commerce Enablers B2B E-Commerce

Funding Rounds Key News

2014 Atlanta $297M - 25 3 56

Founding Team Top Competitors

Funding Rounds Key News

2007 Singapore $543M $64.8M - 3 58

Founding Team Top Competitors

Hari V Krishnan Steve Melhuish

Funding Rounds Key News

View all 7 Funding Rounds

2015 San Francisco $100M - - - 4

Founding Team Top Competitors

Michael Maxwell Carter

PC & Console Gaming

Funding Rounds Key News

2013 Montevideo $200M - - - 49

Vtex.com 3 - SoftBank Corp, Gavea Investments, Constellation