Top of the Unicorn Club: these are the 10 most valuable private companies
![A portrait of the Snapchat logo in Ventura, California December 21, 2013](https://assets.weforum.org/article/image/large_Q0NZBHghRj65BX2vU7DyaE8nDbBQoiAnq8DiAE-V5z0.jpg)
Snapchat, Uber and Didi Kauidi are all part of the Unicorn Club Image: REUTERS/Eric Thayer
![A hand holding a looking glass by a lake](/uplink.jpg)
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:
Fourth Industrial Revolution
There are some businesses around the world which expand at a dizzying rate. These companies have achieved "hypergrowth", doubling their revenues in less than two years.
In the past few years, the number of companies that have mastered hypergrowth has increased. This is mainly due to the digital transformation of economies, more accessible (and cheaper) capital, and the emergence of new global markets such as the Asian middle class, according to a study from the World Economic Forum, 'Mastering Hypergrowth'.
While companies from a range of sectors are experiencing hypergrowth, unsurprisingly, technology start-ups provide prominent examples of the trend. One example is Finnish mobile games developer Supercell, which recorded a $2.3bn revenue in 2015, just three years after launching its first product.
If a start-up grows quickly enough, it might turn into that mythical and elusive creature: the unicorn, a private company valued at $1 billion or more. There are currently 174 companies on Fortune's Unicorn list, and below are the 10 highest-valued private companies.
![Private companies valued at $1 billion or more](https://assets.weforum.org/editor/CLlao1qdr-sMDNc1kK7YJm5UsNSaTQu5FQjQdDwqETc.png)
Read the full study, Mastering Hypergrowth.
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Related topics:
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.
More on Fourth Industrial RevolutionSee all
How governments can attract innovative manufacturing industries and promote 4IR technologies like AI
M.B. Patil and Alok Medikepura Anil
June 24, 2024
John Lombard
June 24, 2024
Pooja Chhabria
June 23, 2024
Sara Al Hudaithy and Anu Devi
June 4, 2024