The Complete List of Decacorn Companies

by Josh Howarth - May 17, 2022

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A decacorn company refers to a privately-owned company with a valuation of more than $10 billion. Out of 672 unicorns, less than 5% have a valuation of over $10 billion.

We’ve prepared a complete list of decacorn startups. Along with data on valuation, search growth, and funding.

Total Number of Decacorn Companies (Globally): 53

Total Cumulative Valuation: $1.29T

1. Bytedance

5-year search growth: 3000%

Search growth status: Peaked

Year founded: 2012

Location: Beijing, China

Funding: $9.4B

Valuation: $140B

What they do: Bytedance is a mobile app developer. The startup’s product portfolio includes 8 apps, mostly related to social media and content discovery. TikTok alone has 689 million monthly active users. Bytedance’s revenue reached approximately $37 billion in 2020, a 2x increase over the previous year.

2. Epic Games

5-year search growth: 2100%

Search growth status: Peaked

Year founded: 1991

Location: Cary, NC

Funding: $7.1B

Valuation: $31.5B

What they do: Epic Games is a video game development and publishing company. Fortnite (the popular game developed by Epic Games) has more than 350 million registered accounts. While the Epic Games Store monthly active user base grew by 75% in 2020 (reaching 56 million total users).

3. Instacart

5-year search growth: 500%

Search growth status: Peaked

Year founded: 2012

Location: San Francisco, CA

Funding: $2.9B

Valuation: $39B

What they do: Instacart operates a grocery delivery/pickup platform. The app-based delivery service works with 40,000 stores across 5,500+ cities in the US and Canada. Instacart has been ranked as the largest consumer marketplace startup by gross merchandise value.

4. Revolut

5-year search growth: 1257%

Search growth status: Exploding

Year founded: 2015

Location: London, England

Funding: $1.7B

Valuation: $33B

What they do: Revolut is a British fintech company that offers app-based banking services. The platform provides live exchange rates, direct transfers to bank accounts, cryptocurrency trading, and an expense tracker. In recent news, the company publicly stated their interest into the expansion of the cryptocurrency wallet and mortgage sectors, in hopes to attract more consumers. Revolut users now number over 15 million with around 1.1 million daily active individuals.

5. SpaceX

5-year search growth: 100%

Search growth status: Peaked

Year founded: 2002

Location: Hawthorne, CA

Funding: $7.8B

Valuation: $100.3B

What they do: SpaceX is a private company that designs and manufactures reusable rockets and spacecrafts. SpaceX is the only private company that has managed to fly astronauts to the International Space Situation (and achieved the lowest cost per seat with comparable alternatives). Their starship system (which is a reusable space vehicle currently in development) is designed to enable trips to the Moon and Mars in the future.

6. Klarna

5-year search growth: 220%

Search growth status: Exploding

Year founded: 2005

Location: Stockholm, Sweden

Funding: $3.7B

Valuation: $45.6B

What they do: Klarna is a fintech company that offers a “buy now, pay later” service. Klarna’s platform processed $53 billion (from 87 million shoppers) in gross merchandise volume in 2020, showing 46% YoY growth.

7. Stripe

5-year search growth: 23%

Search growth status: Regular

Year founded: 2010

Location: San Francisco, CA

Funding: $2.2B

Valuation: $95B

What they do: Stripe develops online payment processing software. With the growth in the e-commerce space overall, Stripe processing payment volume has increased by 7x since 2017, reaching an estimated $350 billion in 2020.

8. Databricks

5-year search growth: 977%

Search growth status: Exploding

Year founded: 2013

Location: San Francisco, CA

Funding: $3.5B

Valuation: $38B

What they do: Databricks offers a unified data analytics platform. The product utilizes lakehouse architecture to simplify enterprise data infrastructure. Databricks currently has more than 5,000 businesses worldwide (including 40% of the Fortune 500) among its clients.

9. FTX

5-year search growth: 837%

Search growth status: Exploding

Year founded: 2019

Location: Nassau, Bahamas

Funding: $1.8B

Valuation: $32B

What they do: FTX is a cryptocurrency exchange that specializes in derivatives and leveraged products. The platform is widely used as it is built for both professional trading firms as well as individual investors. FTX averages $10 billion in daily trading volume and has over 1 million active users.

10. Xiaohongshu

5-year search growth: 733%

Search growth status: Exploding

Year founded: 2013

Location: Shanghai, China

Funding: $917.5M

Valuation: $20B

What they do: Xiaohongshu is a global shopping e-commerce platform built for users to interact, search, and share their experiences with purchased items. Often referred to as the Instagram of China, the platform boasts 200 million monthly users.

11. BYJU'S

5-year search growth: 809%

Search growth status: Exploding

Year founded: 2011

Location: Bengaluru, India

Funding: $6.3B

Valuation: $22B

What they do: BYJU'S operates an online learning platform. The app covers learning K-12 programs and exam prep classes. This Indian edtech company has over 80 million registered users.

12. J&T Express

5-year search growth: 7400%

Search growth status: Exploding

Year founded: 2015

Location: Jakarta, Indonesia

Funding: $4.7B

Valuation: $20B

What they do: J&T Express is an Indonesian international shipping and logistics service. The company spans over 10 countries and provides services for over 2 billion people. In February 2022, J&T picked up another $2 billion in funding from several firms, vaulting its valuation to $20 billion.

13. Yuanfudao

5-year search growth: -18%

Search growth status: Peaked

Year founded: 2012

Location: Beijing, China

Funding: $4.1B

Valuation: $15.5B

What they do: Yuanfudao is a Chinese online tutoring platform. The platform mainly targets K12 students and includes virtual classes, live tutoring, and apps for math problem-solving. The service has over 400 million students in its user base.

14. DJI

5-year search growth: -5%

Search growth status: Regular

Year founded: 2006

Location: Shenzhen, China

Funding: $105M

Valuation: $15B

What they do: DJI designs and manufactures aerial drones for consumer and professional use. The company’s latest consumer model (Air 2S) offers 20-megapixel photography and 5.4K video in a compact format. DJI is an undisputed market leader with a 76.1% market share in the US.

15. Canva

5-year search growth: 819%

Search growth status: Exploding

Year founded: 2012

Location: Sydney, Australia

Funding: $572.6M

Valuation: $40B

What they do: Canva is an online graphic design tool. Their sizable templates library includes pre-set templates for social media visuals to presentations. Presentations, in particular, have seen some of the highest growth among Canva users, with over 250 million of them created to date on the platform. Canva has more than 55 million monthly active users and reported an ARR of over $500 million.

16. SHEIN

5-year search growth: 1566%

Search growth status: Exploding

Year founded: 2008

Location: Shenzhen, China

Funding: $2.1B

Valuation: $100B

What they do: SHEIN is a fast fashion e-commerce retailer. The company offers clothing, beauty, and home decor products. Estimates suggest that the company's revenue hit nearly $10 billion in 2020, continuing an 8-year history of over 100% YoY revenue growth.

17. Checkout.com

5-year search growth: 211%

Search growth status: Exploding

Year founded: 2012

Location: London, United Kingdom

Funding: $1.8B

Valuation: $40B

What they do: Checkout.com runs an online payments platform. The company’s solutions include a unified payments API, fraud management, and reporting tools. Checkout.com reported a 3x increase in payment processing volume in 2020 compared to the previous year.

18. Chime

5-year search growth: 1350%

Search growth status: Exploding

Year founded: 2013

Location: San Francisco, CA

Funding: $2.3B

Valuation: $25B

What they do: Chime is a digital-only bank. The company provides early direct deposit payments and no-fee overdrafts on select transactions. Chime has more than 12 million customers, more than any other challenger bank in the United States.

19. Miro

5-year search growth: -95%

Search growth status: Peaked

Year founded: 2011

Location: San Francisco, CA

Funding: $475M

Valuation: $17.5B

What they do: Miro is a virtual collaboration tool that enables teams to share, create, and develop ideas visually. The company has been a crutch for virtual work as it comes paired with a variety of tools and gadgets to help users convey their ideas across a whiteboard. At the beginning of 2022, the platform received $400 million in its Series C funding round and has over 30 million users. 

20. Plaid

5-year search growth: 223%

Search growth status: Exploding

Year founded: 2013

Location: San Francisco, CA

Funding: $734.3M

Valuation: $13.5B

What they do: Plaid offers an intermediary layer that connects fintech applications with bank accounts. The platform connects over 3,000 apps (including Curve, Wise, Monzo) with more than 11,000 financial institutions via API. Plaid increased its customer base by 60% in 2020.

21. Fanatics

5-year search growth: 124%

Search growth status: Regular

Year founded: 1995

Location: Jacksonville, FL

Funding: $4.2B

Valuation: $27B

What they do: Fanatics is a retailer of licensed sports apparel. The company has partnership agreements with more than 300 sports brands, including the NBA, NFL, and MLB. Fanatics’ e-commerce sales grew by 30% over the past year. And the startup is forecasted to generate $3 billion in 2021.

22. Discord

5-year search growth: 289%

Search growth status: Exploding

Year founded: 2012

Location: San Francisco, CA

Funding: $995.4M

Valuation: $15B

What they do: Discord is an instant messaging and digital distribution software. While mostly used by gaming communities, forums have started to become an integral part of the platform. The company has over 150 million monthly active users with almost a billion messages sent per day. Looking ahead, the company plans to continue expanding to other social network features and eventually go public.

23. JUUL

5-year search growth: -17%

Search growth status: Peaked

Year founded: 2015

Location: San Francisco, CA

Funding: $15.1B

Valuation: $12B

What they do: JUUL manufactures e-cigarettes. The company sells vaporizers in multiple color options and a line of cartridges in numerous flavor options with variable amounts of nicotine content.

24. Digital Currency Group

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2015

Location: New York, NY

Funding: $600M

Valuation: $10B

What they do: Digital Currency Group is a venture capital firm that invests in the bitcoin, fintech, and blockchain sectors. Barry Silbert, who manages the fund, mentioned that they are attempting to create the largest early-stage investment portfolio for digital currency. The firm is well on its way as they recently made a large investment in NBA Top Shot with several other investors for a total of $725 million.

25. Bitmain

5-year search growth: 14%

Search growth status: Peaked

Year founded: 2013

Location: Beijing, China

Funding: $764.7M

Valuation: $12B

What they do: Bitmain is a hardware company that manufactures chips, servers, and cloud solutions for blockchain and AI use. The company already offers bitcoin miners and recently announced the release of an Ethereum miner.

26. Biosplice Therapeutics

5-year search growth: -36%

Search growth status: Peaked

Year founded: 2008

Location: San Diego, CA

Funding: $799M

Valuation: $12B

What they do: Biosplice Therapeutics develops therapies using alternative splicing (“process that enables an mRNA to direct synthesis of different protein variants”) to treat diseases related to osteoarthritis and cancer.

27. Gopuff

5-year search growth: 577%

Search growth status: Exploding

Year founded: 2013

Location: Philadelphia, Pennsylvania

Funding: $3.4B

Valuation: $15B

What they do: Gopuff is a delivery platform that distributes anything from consumer goods to home essentials. While competitors like Doordash or Grubhub specialize in restaurant/fast food deliveries, GoPuff delivers directly from their warehouses, allowing them to provide faster delivery times.

28. Global Switch

5-year search growth: 125%

Search growth status: Peaked

Year founded: 1998

Location: London, United Kingdom

Funding: $6.1B

Valuation: $11.1B

What they do: Global Switch operates a network of data centers across Europe and Asia. The total footprint of the company's carrier-neutral data centers is approximately 4.2 million sq ft.

29. Genki Forest (Yuanqi Senlin)

5-year search growth: 7100%

Search growth status: Regular

Year founded: 2016

Location: Beijing, China

Funding: $720M

Valuation: $15B

What they do: Genki Forest or Yuanqi Senlin is a seltzer water and tea beverage manufacturer based in China. The company uses all-natural ingredients in their low-calorie, zero sugar beverages. Genki's spirited flavors have attracted mostly younger consumers in Asia. Additionally, the business has sold over 1 billion cans and bottles globally among their five self-owned factories.

30. Blockchain.com

5-year search growth: 522%

Search growth status: Exploding

Year founded: 2011

Location: London, England

Funding: $490.5M

Valuation: $14B

What they do: Blockchain.com is a digital asset platform built to transform the financial services industry. The company offers quick, real-time transactions, crypto information and analysis, and a safe place to buy, sell, and store digital assets. Eyeing an IPO in the near future, blockchain.com would be the only other crypto exchange to go public besides Coinbase.

31. Lalamove

5-year search growth: 842%

Search growth status: Exploding

Year founded: 2013

Location: Shenzhen, China

Funding: $2.5B

Valuation: $10B

What they do: Lalamove operates an on-demand last-mile delivery service. Like the Uber model, customers get matched with contract couriers, have access to real-time tracking, and can rate the service.

32. Ripple

5-year search growth: 11%

Search growth status: Peaked

Year founded: 2012

Location: San Francisco, CA

Funding: $293.8M

Valuation: $15B

What they do: Ripple operates a blockchain-powered payments network. With their decentralized digital asset (XRP), payments are processed within seconds, and typically cost less than a few cents in the commission fee. The company’s network (RippleNet) works with more than 300 financial institutions to facilitate cross-border payments.

33. OpenSea

5-year search growth: 4500%

Search growth status: Regular

Year founded: 2017

Location: New York, New York

Funding: $425M

Valuation: $13.3B

What they do: OpenSea is a peer-to-peer NFT marketplace that facilitates the trading of cryptocurrencies and digital assets. The company has over 1.5 million active users and in January 2022, the organization reached an all-time high trading volume of nearly $5 billion. More recently, the platform set a new one-day record on May 1st for Ethereum trading, totaling $476 million.

34. Grammarly

5-year search growth: 142%

Search growth status: Regular

Year founded: 2009

Location: San Francisco, CA

Funding: $400M

Valuation: $13B

What they do: Grammarly is a cloud-based communication assistant that provides automated support to users in real-time with writing suggestions. Founded over a decade ago, the company has amassed more than 30 million people and over 30,000 teams use Grammarly’s services. Raising a $200 million funding round in November, CB insights has ranked the company as the 10th most valuable U.S. startup. Meanwhile, Pitchbook claims the platform is the most valuable natural-language AI company in the world.

35. Devoted Health

5-year search growth: 2150%

Search growth status: Exploding

Year founded: 2017

Location: Saint Paul, Minnesota

Funding: $2B

Valuation: $12.6B

What they do: Devoted Health is a healthcare provider that offers personalized medical plans for senior patients. The plans offered feature personal guides, contracts, Medicare advantage perks, and physician care. Although a fairly new company, Devoted Health has managed to raise $1.25 billion in its most recent Series D funding round.

36. Faire

5-year search growth: 4%

Search growth status: Regular

Year founded: 2017

Location: San Francisco, CA

Funding: $1.4B

Valuation: $12.6B

What they do: Faire is an online wholesale marketplace designed to assist retailers in mitigating inventory management. The company leverages AI and predictive analytics to speculate which items will be bought, allowing retailers to source and manage inventory efficiently. The company has managed to raise over $800 million in funding over the past 6 months, sending its valuation soaring. Faire is currently expanding their services to Europe and Australia.

37. Brex

5-year search growth: 400%

Search growth status: Exploding

Year founded: 2017

Location: Draper, UT

Funding: $1.5B

Valuation: $12.3B

What they do: Brex is an American financial services organization that offers an app-based credit card and expense management assistance for tech companies. The software was built to reduce time spent on cost management, accounting, and budgeting, enabling small businesses to protect their personal credit without limiting capital. In recent events, Brex acquired Pry Financials for $90 million. Brex intends to use Pry’s technology to connect customers' bank accounts directly with Xero or Quickbooks, allowing small businesses to quickly have an overview of their cash flow.

38. GoodLeap

5-year search growth: 316%

Search growth status: Exploding

Year founded: 2003

Location: Roseville, CA

Funding: $1.8B

Valuation: $12B

What they do: GoodLeap is a fintech company that provides financing options for the residential solar industry sector. The platform offers solar loans, home loans, refinances, and home improvement loans to consumers along with instant approvals and high conversion rates. The mission of the organization is to empower individuals to buy their dream homes while saving them money. GoodLeap has over 18,000 sales professionals on its platform and provides services for financial institutions to utilize their capital in ESG assets.

39. Xingsheng Selected

5-year search growth: 6400%

Search growth status: Regular

Year founded: 2018

Location: Changsha, China

Funding: $5.2B

Valuation: $12B

What they do: Xingsheng Selected is a Chinese fresh produce e-commerce platform that provides food and household products for consumers. The company does so by operating in small grocery stores in neighborhoods, allowing individuals to conveniently buy items online with a quick delivery time. The demand for grocery deliveries surged during Covid-19 as more consumers began to order from home. According to their website, Xingsheng’s reach in China extends throughout 17 provinces, 1400 counties, and over 100,000 towns/rural areas.

40. Getir

5-year search growth: 590%

Search growth status: Exploding

Year founded: 2015

Location: Istanbul, Turkey

Funding: $2B

Valuation: $11.8B

What they do: Getir is an online marketplace app that offers an “ultrafast” delivery service for grocery items and restaurant foods. The company recently announced a partnership with Copia to donate excess food and groceries to local nonprofits. Additionally, with their most recent funding round in March, Getir has become Europe’s first delivery decacorn.

41. Airtable

5-year search growth: 242%

Search growth status: Regular

Year founded: 2013

Location: San Francisco, CA

Funding: $1.4B

Valuation: $11.7B

What they do: Airtable is a cloud platform that y allows users to build tools that meet their needs without any coding experience. The platform is primarily used for managing businesses' structured data, schedules, invoices, and inventory. Moreover, Airtable serves around 300,000 institutions which include a large portion of Fortune 500 companies.

42. ZongMu Technology

5-year search growth: 2800%

Search growth status: Peaked

Year founded: 2013

Location: Shanghai, China

Funding: $367M

Valuation: $11.4B

What they do: Zongmu Technology is an advanced driving system manufacturer that sells autonomous technologies and products. The company offers driving system assistants, 2D and 3D panoramic vision systems, self-parking tools, and recording systems. In their recent Series E funding round, the company managed to acquire $157 million and has plans to go public as early as this year.

43. Celonis

5-year search growth: N/A

Search growth status: Regular

Year founded: 2011

Location: Munich, Germany

Funding: $1.4B

Valuation: $11B

What they do: Celonis is a data processing and management system designed to analyze business procedures as it relates to production, human resources, and logistics. The platform offers mining software processes that can be used to increase internal productivity and enable clients to improve efficiency. Celonis has recently partnered with Accenture to aid MANN+HUMMEL, a global filtration solution provider, to advance their digital transformation and become more data-driven.

44. Bolt

5-year search growth: 238%

Search growth status: Regular

Year founded: 2014

Location: San Francisco, CA

Funding: $963M

Valuation: $11B

What they do: Bolt is a checkout experience platform built to support e-commerce businesses in driving new revenue. In a little over three years, the company has soared from a valuation of $250 million to now $11 billion. The company boasts 13.8 million shopper accounts and 836 active merchant accounts across their product lines.

45. Alchemy

5-year search growth: -100%

Search growth status: Peaked

Year founded: 2017

Location: San Francisco, CA

Funding: $545M

Valuation: $10.2B

What they do: Alchemy is a blockchain software built for developers to create blockchain applications. The platform allows users to build scalable apps without managing any infrastructure in-house. Additionally, Alchemy recently released a series of expansions including a buy now, pay later tool and their extension into the Latin American market.

46. Weilong

5-year search growth: -100%

Search growth status: Peaked

Year founded: 1999

Location: Henan, China

Funding: $560M

Valuation: $10.9B

What they do: Weilong is a food manufacturer that produces authentic, spicy Chinese snacks. The company has been around for over two decades. However, it recently earned its place on this list with their most recent funding of over $550 million that pushed their valuation past the $10B mark. Weilong filed to go public in 2021 and if successful, the company will have the highest market cap in China for a casual food company.

47. Swiggy

5-year search growth: 250%

Search growth status: Regular

Year founded: 2014

Location: Bengaluru, India

Funding: $3.5B

Valuation: $10.7B

What they do: Swiggy is an online food ordering and delivery platform based in India. The company plans to begin trials for drone-based deliveries from its grocery service Instamart. Meanwhile, Swiggy is eyeing a $1 billion IPO which it plans to file in the first half of 2023.

48. Figma

5-year search growth: 666%

Search growth status: Exploding

Year founded: 2012

Location: San Francisco, CA

Funding: $333.5M

Valuation: $10B

What they do: Figma is a collaborative cloud screen design tool built for organizations to create, test, and deliver products faster. The software contains a vector graphics editor, prototyping tools, and other offline features. In recent news, Figma is now joining tech heavyweights in an effort to cut carbon emissions generated mostly during power generation and transportation.

49. Gusto

5-year search growth: 108%

Search growth status: Regular

Year founded: 2011

Location: San Francisco, CA

Funding: $691M

Valuation: $10B

What they do: Gusto is a cloud-based HR management software that offers and manages payroll and employee benefits. The company's efforts are focused on small to medium-sized businesses and helping them manage and comply with HR requirements. With a customer base eclipsing 200,000 and an average 50% year-over-year increase in revenue, Gusto is looking to go public this year.

50. Chehaoduo

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2015

Location: Beijing, China

Funding: $4.3B

Valuation: $10B

What they do: Chehaoduo is an online used car trading platform that connects car buyers and sellers. The Chinese car sales retailer recently tacked on $300 million in funding from SoftBank and Sequoia Capital, earning it a spot on this decacorn list.

51. Talkdesk

5-year search growth: -100%

Search growth status: Regular

Year founded: 2011

Location: San Francisco, CA

Funding: $505M

Valuation: $10B

What they do: Talkdesk is a cloud-based call center that supports organizations in improving customer satisfaction. The company is making a name for itself as it recently announced a deeper partnership with Google, being accredited as a Chrome Enterprise Recommended partner. Talkdesk managed to raise $230 million in their Series D funding round and has over 1,800 B2B customers.

52. Notion

5-year search growth: 710%

Search growth status: Exploding

Year founded: 2016

Location: San Francisco, CA

Funding: $342M

Valuation: $10B

What they do: Notion is an online project management and note-taking software. The platform assists users in organizing workflows and guides individuals in writing, planning, and collaboration. The company has over 20 million users today, up from their April 2019 user count of only 1 million. Notion’s most recent funding round vaulted them into the decacorn category with $275 million in additional funding pouring into the company.

53. Thrasio

5-year search growth: 5500%

Search growth status: Regular

Year founded: 2018

Location: Walpole, MA

Funding: $3.4B

Valuation: $10B

What they do: Thrasio is a consumer goods organization set on making popular products available to everyone. The company is partnered with successful retailers, including Amazon, and is a worldwide leader in buying up and scaling third-party products to sell on marketplaces. Thrasio has managed to raise plenty of funding in a short period of time, including a $1 billion funding round in late 2021. Their expansion has also been unprecedented, buying up 1.5 businesses per week and owning nearly 200 brands in their portfolio.

Conclusion

And that concludes our list of decacorn companies.

From self-driving to fintech, one thing that many decacorn startups have in common is a focus on scalable technology. And as new tech emerges (including AI, blockchain and IoT), we can expect even more startups with $10 billion valuations in the near future.

Written By
Josh Howarth
Co-founder of Exploding Topics.
548 Market St. Suite 95149
San Francisco, California
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