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The Complete List of Decacorn Companies

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.

1. Bytedance

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5-year search growth: 2800%

Search growth status: Regular

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. Stripe

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5-year search growth: 43%

Search growth status: Regular

Year founded: 2009

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.

3. SpaceX

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5-year search growth: 325%

Search growth status: Regular

Year founded: 2002

Location: Hawthorne, CA

Funding: $7.5B

Valuation: $74B

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.

4. Didi Chuxing

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5-year search growth: 212%

Search growth status: Exploding

Year founded: 2012

Location: Beijing, China

Funding: $23.2B

Valuation: $62B

What they do: Didi operates a mobile transportation platform. The service operates primarily in China but has an international presence in select markets (including Brazil, Russia, Japan). In fact, 1 billion trips on Didi were completed outside of China in 2020. The company reported a milestone of 60 million daily worldwide trips on September 30, 2020.

5. Instacart

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5-year search growth: 950%

Search growth status: Regular

Year founded: 2012

Location: San Francisco, CA

Funding: $2.7B

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.

6. Klarna

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5-year search growth: 139%

Search growth status: Exploding

Year founded: 2005

Location: Stockholm, Sweden

Funding: $3.1B

Valuation: $31B

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. Epic Games

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5-year search growth: 2800%

Search growth status: Regular

Year founded: 1991

Location: Cary, NC

Funding: $5.1B

Valuation: $28.7B

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).

8. Databricks

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5-year search growth: 555%

Search growth status: Regular

Year founded: 2013

Location: San Francisco, CA

Funding: $1.9B

Valuation: $28B

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. Rivian

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5-year search growth: 2850%

Search growth status: Regular

Year founded: 2009

Location: Plymouth, MI

Funding: $8.2B

Valuation: $27.6B

What they do: Rivian manufactures electric vehicles. Their current product consists of two models: a truck and SUV, both with 30+ miles of range. Amazon placed an order for 100,000 custom electric delivery vans from Rivian.

10. Nubank

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5-year search growth: 538%

Search growth status: Exploding

Year founded: 2013

Location: São Paulo, Brazil

Funding: $1.5B

Valuation: $25B

What they do: Nubank offers a no-fee digital banking platform in Brazil. The consumer product includes a digital bank account managed using a mobile app, credit card, and rewards program. The fintech startup boasts of having more than 30 million customers across Brazil.

11. BYJU'S

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5-year search growth: 833%

Search growth status: Exploding

Year founded: 2011

Location: Bengaluru, India

Funding: $2.3B

Valuation: $16.5B

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. One97 Communications

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5-year search growth: 18%

Search growth status: Regular

Year founded: 2000

Location: Noida, India

Funding: $4.4B

Valuation: $16B

What they do: One97 is an e-commerce marketplace and mobile payment platform based in India. The company’s service facilitates payments for mobile, utilities, and transportation. One97 recently hit 100 million downloads on Google Play.

13. Yuanfudao

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5-year search growth: 4100%

Search growth status: Regular

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

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5-year search growth: 56%

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

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5-year search growth: 837%

Search growth status: Exploding

Year founded: 2012

Location: Sydney, Australia

Funding: $372.6M

Valuation: $15B

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

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5-year search growth: 2400%

Search growth status: Exploding

Year founded: 2008

Location: Shenzhen, China

Funding: Undisclosed

Valuation: $15B

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

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5-year search growth: 285%

Search growth status: Peaked

Year founded: 2012

Location: London, United Kingdom

Funding: $830M

Valuation: $15B

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

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5-year search growth: 1520%

Search growth status: Exploding

Year founded: 2013

Location: San Francisco, CA

Funding: $1.5B

Valuation: $14.5B

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. Grab

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5-year search growth: 108%

Search growth status: Peaked

Year founded: 2011

Location: Singapore

Funding: $12.1B

Valuation: $14.3B

What they do: Grab offers ride-hailing, food delivery, and mobile payments in Southeast Asia. Grab’s ride and delivery service is available in more than 400 cities across 8 countries in the region. The company had 25 million monthly transacting users as of the end of 2020 and processed 1.9 billion total transactions last year. Grab’s gross merchandise value grew by 2.19x since 2018, to reach $12.5 billion in 2020.

20. Plaid

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5-year search growth: 540%

Search growth status: Regular

Year founded: 2012

Location: San Francisco, CA

Funding: $734.3M

Valuation: $13.4B

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

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5-year search growth: 71%

Search growth status: Peaked

Year founded: 2002

Location: Jacksonville, FL

Funding: N/A (Acquired)

Valuation: $12.8B

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. SenseTime

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5-year search growth: 166%

Search growth status: Regular

Year founded: 2014

Location: Beijing, China

Funding: $2.6B

Valuation: $12B

What they do: SenseTime develops AI technologies for a range of scenarios. The company’s products include facial recognition tech used in smartphones, online payments, smart city development, and driver recognition technology.

23. JUUL

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5-year search growth: 450%

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. Manbang Group

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5-year search growth: 0%

Search growth status: Peaked

Year founded: 2017

Location: Nanjing, China

Funding: $3.6B

Valuation: $12B

What they do: Manbang Group operates a truck-hailing platform. The company’s mobile application connects drivers with fleet operators for cargo deliveries. Manbang’s business model is based on charging membership and commission fees.

25. Bitmain

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5-year search growth: 533%

Search growth status: Regular

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

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5-year search growth: -72%

Search growth status: Regular

Year founded: 2008

Location: San Diego, CA

Funding: $778M

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. Robinhood

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5-year search growth: 3450%

Search growth status: Regular

Year founded: 2013

Location: Menlo Park, CA

Funding: $5.6B

Valuation: $11.7B

What they do: Robinhood offers a commission-free trading platform. Users can invest in stocks, ETFs, crypto assets with no applicable account minimums. Robinhood’s share of deposits in the retail brokerage space reached 23% in March 2021, up from 11% at the beginning of 2019.

28. Global Switch

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5-year search growth: -66%

Search growth status: Regular

Year founded: 1998

Location: London, United Kingdom

Funding: $4.95B

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. Squarespace

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5-year search growth: -31%

Search growth status: Regular

Year founded: 2003

Location: New York, NY

Funding: $578.5M

Valuation: $10B

What they do: Squarespace offers tools for creating websites and online stores. The platform lets users without no coding skills create websites in a drag-drop editor using a library of templates. Squarespace grew its subscriber base by 61.96% (reaching 3.79 million total users) as of Q1 2021.

30. Aurora

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5-year search growth: 0%

Search growth status: Regular

Year founded: 2017

Location: Mountain View, CA

Funding: $1.1B

Valuation: $10B

What they do: Aurora is a self-driving tech startup. The company has partnerships with 2 out of 3 largest trucking manufacturers in the United States.

31. Lalamove

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5-year search growth: 2666%

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

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5-year search growth: 4600%

Search growth status: Regular

Year founded: 2012

Location: San Francisco, CA

Funding: $293.8M

Valuation: $10B

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.

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.

Last Updated: 
May 17, 2021
Josh Howarth
Co-founder of Exploding Topics.

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