Posts Tagged ‘unicorn’

Crypto Unicorn Hunters: The VC Firms Behind Billion-Dollar Crypto Startups

The ranks of “unicorn” companies have been infiltrated by a growing roster of crypto organizations that are dramatically rising in value. While the lineup of crypto unicorns are widely-known, the VC firms backing them are quietly positioning themselves to gain the most from the cryptocurrency revolution. There are currently over 27 fintech unicorns worldwide. Recent […]

Chinese Luckin Coffee Raises $200M Series A Round From GIC At Unicorn Valuation

Beijing-based on-demand coffee delivery service start-up Luckin Coffee has completed US$200 million series A round of financing from Singapore’s sovereign wealth fund GIC, China’s Legend Capital, Joy Capital, and Centurium Capital. This fundraising round values Luckin Coffee at US$1 billion, reaching a unicorn valuation. According to International Coffee Organization’s report, China’s coffee consumption in 2015 […]

Latest fundraising brings fintech brokerage a valuation of US$1.06 billion

Tiger Brokers, an online securities brokerage backed by Wall Street billionaire investor Jim Rogers, said its latest fundraising round had valued it in excess of US$1 billion, making it the latest start-up to join China’s booming club of unicorns. The company successfully closed a US$80 million Series C financing, bringing the company’s valuation to US$1.06 […]

How long does it take to become a unicorn?

Globally there are now 241 unicorn companies in existence – and combined they’re worth a staggering $818bn. New research from Compare the Market has found that on average it has taken seven years from launch to grow these companies into unicorns. However 19 made it to $1bn in less than a year – an incredible […]

Europe’s newest unicorn is a process-mining startup founded by German students

Munich’s status as Germany’s second tech hub got a boost today after process-mining startup Celonis announced it had secured $50 million in venture capital to become the newest unicorn in the country. Celonis was started in 2011. The company’s goal is to help its clients optimize their business operations, by using what it calls “process mining” […]

India’s newest unicorn is disrupting a 200-year-old industry

A 10-year-old Gurugram-based online insurance aggregator PolicyBazaar has joined the growing list of Indian unicorns. The company said it had raised over $200 million (Rs1,330 crore) in a funding round led by Softbank, with participation from existing investors, including InfoEdge, which operates job site Naukri.com. PolicyBazaar aggregates insurance plans and serves as a marketplace for policies. It […]

More Chinese unicorns prefer to raise capital in Hong Kong than any other market, survey shows

Four out of every 10 so-called unicorns identified Hong Kong as the preferred market for an IPO, according to a PricewaterhouseCooper survey of 101 of these companies, each with at least US$1 billion in valuation. US stock markets come in second at 25 per cent, followed by China’s yuan-denominated A-share market in third place with 23 […]

Swiggy enters unicorn club, raises $210 million from DST Global, Naspers

Food delivery continues to determine the flow of big capital in India’s startup ecosystem with Swiggy being the latest to join the race. The food delivery startup has raised $210 million in its latest round of funding with Russian billionaire Yuri Milner’s DST Global and existing backer Naspers leading a $210 million round in the […]

China is winning the global tech race

Cast your eyes down the list of the world’s most valuable private technology companies and you might be put in mind of the 2008 Beijing Olympics. That’s when China ran away with most of the gold medals — even though the west focused on the accomplishments of the US swimmer Michael Phelps. The same trend […]

Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China

Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China. For Alibaba, the investment is more for strategic considerations as bike sharing provides an important high-frequency interaction with consumers who uses mobile […]