30 companies worth at least $1 billion that didn't exist 10 years ago
- The tech landscape looks completely different today than it did at the beginning of the decade.
- Numerous tech companies that didn't even exist before 2010 joined the ranks of the unicorns in 2019, reaching the vaunted benchmark of a $1 billion valuation.
- Some of the young companies to reach unicorn status this year include Lyft, Instagram, Casper, Snapchat, and Warby Parker.
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During the decade of the 2010s, future unicorns - a term used to denote startups worth at least $1 billion - were born left and right.A unicorn is not a mythical creature in Silicon Valley. With great help from the tech boom and investors with deep pockets, unicorns are everywhere. You see ads for them in the subway, scroll past posts of influencers touting their products on social media, and you may even sleep on one at night. Advertisement
The last decade introduced too many startups to count. Only a few hundred of them, though, ever went on to see a $1 billion valuation.
The more notable billion-dollar startups born in the 2010s include ride-hailing app Lyft, millennial-marketing mastermind Glossier, and WeWork. But if you get your insurance from a sleekly designed app called Lemonade, or order your Sweetgreen salad via Postmates, you'll start to realize there are unicorns all around you.With that in mind, take a look at 30 companies worth at least $1 billion that didn't exist 10 years ago.
Paris-based Meero has become the go-to tool for photo editors since its launch in 2016. The company raised $230 million, pushing its valuation to $1 billion this past June.
Juul Labs launched in 2015 and has grown into a multi-billion-dollar company, with a valuation of $24 billion. But the company has come under fire over the last few years, making its future uncertain.Advertisement
DoorDash, the popular food delivery service, is valued at $13 billion.
WeWork, the commercial real estate and shared workspace company launched in 2010, was the most valuable private tech startup at the beginning of 2019 at $47 billion. Today, it's worth a fraction of that.Advertisement
The on-demand grocery delivery app Instacart founded in 2012 was last valued at nearly $8 billion.
Robinhood, the no-fee stock-trading app popular among millennials, launched in 2013, and as of October 2019 was valued at $8.78 billion.Advertisement
SoFi, the US-based online personal money management startup, was founded in 2011 and has a valuation of $4.8 billion.
Scooter and bike rental startup Lime is valued at $2.4 billion after raising over $777 million since its launch in 2017.Advertisement
Postmates was first introduced in San Francisco in 2011. Today, the company, which employs thousands of couriers who deliver groceries, takeout, and more locally, operates in over 3,000 cities.
Plant-based food company Impossible Foods is currently valued at $4 billion and is expected to go public soon.Advertisement
Hims, the online platform where men can order personal care products discreetly, reached unicorn status in January 2019 and is currently valued at $1.1 billion.
Glossier, the online beauty brand that sells makeup and skincare, reached a billion-dollar valuation in the first half of 2019.Advertisement
Casper, the mattress and bedding company, was founded in 2014 and is credited with being one of the first bed-in-a-box startups.
Warby Parker, a direct-to-consumer brand that sells eyeglasses, reached unicorn status just five years after it launched in 2010.Advertisement
Ride-hailing giant Lyft went public at $72 a share and a $29 billion valuation in March — the first of its competitors to do so.
Founded in early 2015, Away, the suitcase retailer that prides itself on sleek design and durable materials, reached a $1.45 billion valuation in May.Advertisement
When tech meets mindfulness, you get Calm, the meditation app born in 2012 that reached a $1 billion valuation this year.
Famously used by human resource professionals, ZipRecruiter was founded in 2010 with the intent to connect candidates to companies looking to hire. It reached a $1.5 billion valuation in October 2018.Advertisement
Instagram, founded in 2010, was estimated to be worth over $100 billion in 2018, according to a report from Bloomberg Intelligence. In 2012, Facebook bought the image-sharing platform for $1 billion.
New York-based health insurance startup Oscar Health was founded in 2012 and is worth $3.2 billion.Advertisement
Robotic food-preparation company Zume, known for its pizza-making robots, landed a $375 million investment led by SoftBank in 2018, skyrocketing its valuation to over $2 billion. It's now reportedly seeking additional funding at a $4 billion+ valuation.
Allbirds, the company that manufactures the trendy wool sneakers dubbed "the world's most comfortable shoes," reached a $1.4 billion valuation this year.Advertisement
Online resale retailer The Real Real was valued at $1.65 billion and went public this summer.
Gusto, the platform that makes payroll easier for managers, was founded in 2011 and has a valuation of $3.8 billion.Advertisement
Fintech insurance startup Lemonade has raised a total of $480 million in funding, launching its valuation to $2.1 billion earlier this year.
Snapchat went public in 2017, and today its market valuation is around $23 billion, making a rebound from its low of $7 billion last December.Advertisement
Coinbase, the cryptocurrency exchange, launched in 2012 and hit unicorn status in October 2018 with an $8 billion valuation.
With big investments from industry giants like Ford and Volkswagen, Argo AI reached a $7.25 billion valuation in July, just two years after the company launched.Advertisement
Healthcare is a ripe industry to disrupt, and San Francisco-based Clover Health knows it. The company, founded in 2014, is valued at $1.2 billion.
Valued at over $3.6 billion when it went public, gene sequencing startup 10x Genomics continues to help doctors and scientists understand cancers and cell therapy.Advertisement
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