In April, Slack CEO Stewart Butterfield said, “this is the best time to raise money ever.”
But despite the flood of deals creating new unicorns, some startups anointed with nine-figure valuations just a couple of years ago are sitting quietly on the sidelines. Using CB Insights data, we identified 13 venture-backed companies previously valued at $100M+ that haven’t raised a new funding round since 2013 or earlier.
Some on the list are already moving toward a new round — or exit. Of note, Andreessen Horowitz-backed GitHub is reportedly seeking new funding at a $2B valuation, while ZocDoc was reportedly raising funding at a $1.3B valuation last July. Meanwhile, Flipboard, which last raised at a $800M valuation in 2013, has reportedly been in talks with Twitter about a potential acquisition.
Others appear to be in a more precarious position. For example, customer identity-management company Jumio recently swapped CEOs after a reported investigation into financial bookkeeping issues.
Together, these 13 companies have raised $1.23B in aggregate funding and carry an aggregate value of $9.1B. The full list of companies is below, along with some notes on their current outlook.
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