Companies in the billion dollar club are raising even more money at higher valuations. With Uber extending their fundraising by another billion dollars, Snapchat reportedly raising at a $19B valuation, and Pinterest also raising to break into the $10B valuation club, we decided analyze the top ten most valuable private US companies and their valuation changes over time.
First, here is a list of the most valuable private US companies.
Uber tops the list, raising nearly $5B in funds at a $40B valuation. Data analytics company Palantir became the second most valuable company after raising a $50M round in December at a $15B valuation. There are currently 6 private US companies worth more than $10B, with Snapchat having raised the least in that group. Here’s the list:
When we analyze the valuation growth of these startups, AirBnB’s valuation grew the most between their last two funding rounds, jumping 300% to their $10B valuation. In absolute numbers, Uber jumped in valuation by $25B in value in their last rounds. Snapchat has also had a massive increase jumping from a $65M valuation in their Series A in 2013 to $10B by end of 2014 (and possibly $19B should their new financing close).
The graph below highlights the step up in valuation between these companies last 2 funding rounds. Uber’s aforementioned step-up in valuation is clearly visible.
When we plot valuation growth against time b/w last 2 rounds, we get a sense for momentum of companies within this elite list. Uber and WeWork grew their valuations most in the shortest amount of time with WeWork’s value growing by 233% in less than a year and Uber growing by the aforementioned $25B in 6 months. AirBnb’s valuation saw the biggest step but unlike some of their billion dollar peers, they waited nearly 2 years between rounds. In earlier days, this lag would be customary but in the current climate where hedge fund, private equity and mutual fund money is pouring into tech companies, 2 years has become a long time between fund raises. If the $19B valuation for Snapchat happens, it will resemble Uber and WeWork in terms of its momentum. Very notably, Benchmark Capital is an investor in all 3 of these companies.
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