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)

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.

Jul 1, 2025 - 01:06
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)
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.