Ultra-Unicorns-Private companies price $ 5 billion or more-growing cohort, and 17 companies have so far joined this elite club of 211-members in 2025.
Further evaluation of Crunchbase data states that together with lively Venture companies, private equity investors played a significant role in financing this group of highly valued private companies, which constitute 13% of the general unicorn council, but they constitute the majority of value, which is $ 3.5 trillion USD 6 trillion USD.
Among the most lively, in accordance with the number of investments in unicorns, $ 5 billion, Private Equity represent half of the listed companies, show Crunchbase data.
We analyzed investors who collected the largest number of portfolio companies and those that invested at the highest values. Let’s immerse ourselves inside.
Andreessen leads
Andreessen HorowitzIN Capital sequoiaIN Tiger Global ManagementIN LightSpeed Partners AND Accel Our data show that they have the highest numbers of investments in unicorns price $ 5 billion.
Tiger Global took third place, despite the huge withdrawal from investments in private companies from the second half of 2022 and supposedly sell investment rates in individual companies. The New York company has invested in Ultra-Uniquens, including DatabicksIN Scales to AND Shein.
It is price noting that on this list of leading investors, half is a Venture capital, and half of private equity investors – an indication of how much private equity invested in this class of assets highly valued private companies.
Private Equity investors dominated the list in accordance with the number of portfolios when they collect subsequent investments in a wider pool of companies in comparison with investment companies that invest earlier and invest in their winning companies.
The number of portfolio was run by Tiger (19% of companies), Coat (18%), subsequently Softbank Vision FundIN Gic and investor Venture Andreessen Horowitz.
First investors
Crunchbase data show that Andreessen, Accel and Sequoia Capital occupy the three best vending machines for the number of investments in series A and B. Stripe AND Bright.
Andreessen invested in 16 unique companies at an early stage, while ACCEL and Sequoia invested in 14 companies.
The list of early investors was dominated by American companies.
Active investors in China-Drugi as to the size of the market for unicorns price $ 5 billion-beccs Capital IDGHong Kong HSG (previously sequoia capital China) and based on Shenzhen Tencent.
Few private equity investors are listed as lively at this stage of financing.
Andreessen, Accel i Index projects -who invested in Ultra-UNIKORNS, including PinkIN Discord AND Revolut – led the most rounds from seeds to series B.
Y The combinator results in seeds
At the seed level, the number of portfolio is conducted by Y combinator With a large margin, with a startup accelerator representing 10% seed investment in a club price $ 5 billion. It was an early investor in RipplinG, scale AI i Hi.
SV Angel 1which normally invests in smaller checks, takes second place. The company based in San Francisco was an early investor Harvey AND Concept.
Other seed investors in this group in the top five are Initiated capital – which invests hard in YC – Soma Capital AND Homebrew.
(*5*)
Private Equity dominates dollars
Softbank A Softbank Vision Fund ran the largest rounds by amounts in this asset class. (Note: This does not mean the amount that the investor has invested in a round, but the overall size of the rounds they were led.)
This list was dominated by private equity, in addition to some large technology companies, including Finish AND Microsoftwho supported AI and Openaiappropriately. Andressen Horowitz and Sequoia Capital also present a list of leading investments over $ 8 billion.
Will the outputs increase?
Until now, six companies price $ 5 billion left in 2025, in comparison with nine companies in 2024.
Many Ultra -Nicorn also went towards IPO. Include Pink (price $ 12.5 billion), Navan ($ 9.2 billion) and Bright ($ 6.7 billion), which all submitted confidential with Sec.
With $ 482 billion in the investor Private high value Companies from the early 2000s. Several subsequent offers in 2025 will surely help relieve the crispy liquidity of increased risk capital.
Methodology
The Crunchbase Council of the Unicorn is a chosen list that features a private company of Unicorn with valuations at a convergence of $ 1 billion or more and is based on Crunchbase data. New companies are Added to a unicorn board When they reach a valuation sign of $ 1 billion as part of the financing round.
In this text, we examined the subset of those companies that are still private and have a current value of $ 5 billion or more.
The investment evaluation is based on disclosed rounds in Crunchbase.
The Unicorn Council does not reflect the company’s internal valuations – corresponding to those set in the 409a process for the options for worker shares – because they differ and are more likely than the funding round in price. We also do not adapt the valuation based on investors’ writings that change quarterly, because various investors won’t value the same company consistently in the same quarter.