“Unicorns” companies … 1000 legendary stories

In 2013, the term “unicorns” or “unicorns” appeared, and was later used to describe startups whose capital exceeded $ 1 billion.

The first to receive the “unicorn” title were Silicon Valley companies in the United States, as their market value reached one billion dollars and only 39 companies won the title at this time.

What are unicorn companies?

The reason these companies are called “unicorns” is because of the imaginary animal in Greek mythology, which has the body of a horse and contains a horn in the center of the head.

The term was first used by American financial expert Eileen Lee when he spoke of the “unicorn club”, describing this type of company that has achieved great success, and has an exciting and rarely growing history at the same time.

Nearly 9 years after the term appeared, the number of such companies had reached 1,050 by March 2022, according to Forbes data.

One of the most prominent features of this type of company is that it continues as sole proprietorship, ie publicly owned and does not become a joint stock company, as US law requires the company to be owned by more than 4 persons before. putting its name on the stock market, in addition to its reliance on new technical innovations.


According to the multinational professional services network PricewaterhouseCoopers, “unicorns” firms design their strategy, not only by shaping capital markets and investment strategies, but also by shaping and redefining the industries in which they operate – developing new products and services, expanding into new geographic markets. , and using their money to attract talent. ”

And after all these years, “unicorns” companies are still admiring their results and, surprisingly, progress, in addition to experiencing a huge boom in light of the Corona pandemic spread, according to data from CB Insights.

According to Forbes, five companies under the age of 7 are at the top of the list of unicorn clubs: Revolut, FTX, J&T Express, Yuanqi Senlin and OpenSea.

Revolut Company

Founded in 2015 by billionaires Nick Storunsky and Vlad Yatsenko, British bank Revolut has over 18 million customers and handles more than 150 million transactions a month in more than 35 countries.

Revolut offers money transfer services, global currency exchange, ATMs without additional tariffs, stock trading, savings, insurance and budget services. last July.

Digital Banking is the most valuable startup in the UK with $ 33 billion, more than the state-owned banking company NatWest Group.

FTX Corporation

Billionaires Sam Bankman Fried and Gary Wang co-founded the Bahamas-based FTX crypto exchange, which owns and operates FTX.com, in 2019.

The cryptocurrency exchange raised $ 400 million in a Series C financing round in January this year – the third round in the last nine months, bringing the company ‘s valuation to $ 32 billion from $ 25 billion last October.

The FTX user base has grown 60% since the funding round in October last year and the average daily trading volume has grown 40% to $ 14 billion, according to CB Insights.

The company’s US unit, FTX US, is now worth $ 8 billion after raising $ 400 million in the first round of financing from investors, including SoftBank Group and Temasek Holdings.

The FTX platform, which competes with other cryptocurrency platforms such as Coinbase, Kraken and Binance, has launched a $ 2 billion investment fund to promote the global adoption of cryptocurrency technologies, blockchain and third-generation Internet.

Sam Bankman Fried is the richest person in the cryptocurrency space with an estimated fortune of $ 24 billion as of March 22, 2022.

J&T Express

Jet Li and Tony Chen founded Indonesian remittance company J&T Express in 2015. The company raised $ 2.5 billion in a financing round in November last year from Temasek Holdings and Sequoia Capital China, raising the Asian remittance company to $ 20 billion. dollars, according to Reuters. .

J&T Express recently established its regional headquarters in Saudi Arabia and the logistics company is building the largest intelligent logistics industrial park in the Middle East in partnership with eWTP Arabia Capital and other partners.

The shipping company offers express and cross-border logistics services in 11 countries including China, Indonesia, Vietnam, Brazil and Mexico, according to its website.

It serves more than two billion people worldwide from more than 240 distribution centers and more than 400,000 service providers.

Yuanqi Senlin Company

Chinese beverage startup Yuanqi Senlin has a market capitalization of $ 15 billion after raising $ 200 million in a new round of financing in November last year, according to Chinese media 36 Krypton.

Startup, also known as Genki Forest, was founded in 2016 by the company’s founder and CEO, Binsen Tang. The final round of funding came nearly eight months after Yuanqi Senlin completed about $ 6 billion in funding in April 2021.

The company produces healthy drinks such as sugar-free soda, milk tea and energy drinks. The goods are sold in China and in 40 overseas markets, including the United States, the United Kingdom, France, Singapore, Japan, Australia and South Korea.

Yuanqi Senlin’s revenue tripled in 2020 from last year to $ 375 million, according to Bloomberg, while its turnover was $ 459 million (2.9 billion yuan).

OpenSea Company

Devin Finzer and Alex Atallah founded the OpenSea non-interchangeable token market in 2017.

The New York-based blockchain company was valued at $ 13.3 billion versus $ 1.5 billion just 6 months ago after raising $ 300 million in a Series C financing round led by Paradigm and Coatue.

The volume of P2P transactions on the platform, which are transactions that occur directly between two persons or users, has increased more than 600 times compared to last year as digital assets gain more popularity as the demand for immutable NFT tokens increases.

According to data from DappRadar, sales of non-exchangeable tokens totaled more than $ 25 billion last year.

The OpenSea platform allows users to create, buy and sell all types of NFT for just 2.5% of every sale.

The company bought Dharma Labs, a digital cryptocurrency portfolio, for an undisclosed amount in January to boost the buying and selling of NFTs on its platform.

70 employees work in the market of non-interchangeable signs and serve more than 600 thousand users. OpenSea trading volume fell 39.21% to $ 2.5 billion in the last 30 days as of March 9, 2022, according to DappRadar.

While the volume of its transactions decreased by 15.68% to 2.34 million. The company raised $ 62.5 million between February 9 and March 9, 2022.

In February, some exploited an attack on the platform to buy $ 1.7 billion worth of non-exchangeable tokens at much lower prices due to an error in the way the platform works.

However, the company was able to pay a total of 750 Ether for 130 arguments worth $ 1.8 million to the attack victims, according to Bloomberg.

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