The Rise Of The Ultra-Unicorns: $5B+ Startups Are Leading The Private-Market Herd In 2025
3 Articles
3 Articles
The Rise Of The Ultra-Unicorns: $5B+ Startups Are Leading The Private-Market Herd In 2025
Of the nearly 1,600 companies on The Crunchbase Unicorn Board, a small but ultra-elite club of private companies valued at $5 billion or more is growing across multiple metrics, an analysis of the data shows. We take a look at them, their valuations and which sectors — and countries — rank the highest.


A look at the rise of $5B+ unicorns, which make up 13% of ~1,600 unicorns but hold $3.5T of $6T total valuation; 17 startups joined the $5B+ club in H1 2025
Gené Teare / Crunchbase News: A look at the rise of $5B+ unicorns, which make up 13% of ~1,600 unicorns but hold $3.5T of $6T total valuation; 17 startups joined the $5B+ club in H1 2025 — Editor's note: This article is part of a series looking at how the venture and startup landscape has evolved over the past 10 years.
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