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The Complete List of 48 Decacorns in 2022

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Updated: 
April 28, 2022
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More and more startups across the world achieved the unicorn status in the last years, taking over the venture capital world. It all started back in 2013, when Aileen Lee, a well-known venture capitalist, introduced the “unicorn” name to talk about tech startups that had reached a valuation of $1B or more. From 2013 until now, 1,200+ companies have become unicorns, according to The Crunchbase Unicorn Board.

We previously published a thorough collection of lists with the top unicorns from each industry, country, and city. However, with the rise of unicorns in the venture capital world, it seems that startups are targeting a new level, and decacorns are now the new unicorns. 

This is why we want to dive deeper into understanding what decacorns are and what’s so unique about them.

Below, we’ll explore:

  • What are decacorns and their differences from unicorns and hectocorns.
  • Which company was the first decaocorn.
  • The complete list of 48 decacorns in the world.
  • Some companies with the potential to become decacorns in 2022.

What are Decacorns?

A decacorn company is a private company with more than a $10 billion valuation. Among them, we can find many tech startups from around the world. 

Note that I wrote “private”. This also applies to unicorns and hectocorns.

When people and media talk about unicorns, they generally mention all kinds of companies with valuations higher than $1B, including several public ones.

Once a company IPOs, it becomes public and stops being a unicorn, decacorn, or hectocorn.

Unicorns vs. Decacorns

Unicorns are valued at +$1B, while decacorns have a valuation of over $10B.

Discord, Reddit, and Figma are three examples of unicorns.

Decacorns vs. Hectocorns

We just saw that decacorns have a $10 billion valuation. Hectocorns, instead, are valuated at +$100B.

Bytedance and SpaceX are the two existing hectocorns.

The Rise of Decacorn Startups

As we previously saw here on Failory, the current number of unicorns is continuously rising, and last year 500+ companies in the world achieved the unicorn status. But what about decacorns?

Many signs show that being a decacorn is the new unicorn. The term startup unicorn originates from the rarity of the mythological creatures, and becoming a unicorn has lately become more common in the market. 

A recent study launched by Crunchbase at the end of 2021 shows us that the number of decacorns is growing exponentially and that the US and Europe startup ecosystems produced the highest numbers of startup decacorns, making them more attractive in the eyes of investors.

New Decacorn count by year

Which Was The First Decacorn?

The first decacorn in the world was Facebook (now Meta), which achieved this status in 2017, crossing the $10B valuation after an investment round of $240 million led by Microsoft.

How Many Decacorns Are There?

We spent the last months collecting a ton of data from different sources about unicorns, which you can find here. From this list, we’ve found that, as of April 2022, there are 48 decacorns out there.

Below you can find a compiled list with the main information about each of them, sorted by valuation and divided by the major continents and countries.

The Complete List of 48 Decacorn Companies

28 Decacorns in The United States 

1) SpaceX

SpaceX

SpaceX is an aerospace transportation company that designs, manufactures, and launches rockets and spacecraft. The company was founded by the well-known tech entrepreneur, Elon Musk.

Details of the startup:

  • Year founded: 2002
  • Location: Hawthorne, California
  • Funding: $7.7B
  • Valuation: $100B

You can find their website here.

2) Stripe

Stripe

Stripe is a technology company offering online payment services for businesses of all sizes. 

Details of the startup:

  • Year founded: 2010
  • Location: San Francisco, California
  • Funding: $2.2B
  • Valuation: $95B

You can find their website here.

3) goPuff

goPuff

goPuff is a company that delivers a wide range of products such as over-the-counter medicine, baby food, and alcohol.

Details of the startup:

  • Year founded: 2013
  • Location: Philadelphia, Pennsylvania
  • Funding: $3.4B
  • Valuation: $40B

You can find their website here.

4) Instacart

Instacart

Instacart is a delivery startup that helps people get the groceries and home essential products they need in less than an hour.

Details of the startup:

  • Year founded: 2012
  • Location: San Francisco, California
  • Funding: $2.9B
  • Valuation: $39B

You can find their website here.

5) Databricks

Databricks

Databricks is a software platform that helps customers have a central place for their analytics systems, enabling data teams to collaborate with new lines of business.

Details of the startup:

  • Year founded: 2013
  • Location: San Francisco, California
  • Funding: $3.5B
  • Valuation: $38B

You can find their website here

6) Epic Games

Epic Games

Epic Games is a company that creates video games and offers its technology to other game developers.

Details of the startup:

  • Year founded: 1991
  • Location: Cary, North Carolina
  • Funding: $4.4B
  • Valuation: $28.7B

You can find their website here.

7) Fanatics

Fanatics

Fanatics is a company designing, manufacturing, and distributing high-quality fan gear and jerseys across different retail channels. 

Details of the startup:

  • Year founded: 2002
  • Location: Jacksonville, Florida
  • Funding: $4.1B
  • Valuation: $27B

You can find their website here.

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8) Chime

Chime

Chime is a financial company that offers a simpler alternative to banking services in the United States.

Details of the startup:

  • Year founded: 2013
  • Location: San Francisco, California
  • Funding: $2B
  • Valuation: $25B

You can find their website here.

9) JUUL Labs

JUUL Labs

JUUL Labs is the manufacturer of electronic nicotine vaporizers providing an alternative to combustible cigarettes.

Details of the startup:

  • Year founded: 2007
  • Location: Washington, District of Columbia
  • Funding: $1.1B
  • Valuation: $24B

You can find their website here.

10) Miro

Miro

Miro is a company offering a collaborative whiteboard platform for remote teams to design and work effectively together. 

Details of the startup:

  • Year founded: 2011
  • Location: San Francisco, California
  • Funding: $475M
  • Valuation: $17.5B

You can find their website here.

 

11) Plaid

Plaid

Details of the startup:

Plaid is a technology platform providing the tools and access needed to develop a fully modern and digitally-enabled financial system. 

  • Year founded: 2013
  • Location: San Francisco, California
  • Funding: $734M
  • Valuation: $13.4B

You can find their website here.

12) OpenSea

OpenSea

Details of the startup:

OpenSea is a peer-to-peer marketplace for non-fungible tokens, including collectibles, gaming items, and other virtual goods backed by a blockchain. 

  • Year founded: 2018
  • Location: San Francisco, California
  • Funding: $427M
  • Valuation: $13.3B

You can find their website here.

13) Grammarly

Grammarly

Grammarly is a company that developed an AI-powered writing assistant to help people improve their writing and communicate better. 

Details of the startup:

  • Year founded: 2009
  • Location: San Francisco, California
  • Funding: $400M
  • Valuation: $13B

You can find their website here.

14) Devoted Health 

Devoted Health

Devoted Health is a healthcare solution for seniors, which uses technology to provide them with a healthcare plan and personal guides.

Details of the startup:

  • Year founded: 2017
  • Location: Waltham, Massachusetts
  • Funding: $2B
  • Valuation: $12.6B

You can find their website here.

15) Faire

Faire

Faire is a marketplace and wholesale platform that helps retailers find and buy unique wholesale merchandise for their stores. 

Details of the startup:

  • Year founded: 2017
  • Location: San Francisco, California:
  • Funding: $1.1B
  • Valuation: $12.4B

You can find their website here.

16) Brex

Brex

Brex is a fintech company offering credit cards and cash management solutions for companies to save and spend money.

Details of the startup:

  • Year founded: 2017
  • Location: San Francisco, California
  • Funding: $1.1B
  • Valuation: $12.3B

You can find their website here.

17) Figma

Figma

Figma is a collaborative design platform for product teams to create, test, and ship better designs faster.

Details of the startup:

  • Year founded: 2012
  • Location: San Francisco, California
  • Funding: $877M
  • Valuation: $12.1B

You can find their website here.

18) GoodLeap

GoodLeap

GoodLeap is a sustainable home solutions marketplace. They connect people who want to upgrade their homes with mission-driven professionals.

Details of the startup:

  • Year founded: 2003
  • Location: San Francisco, California
  • Funding: $800M
  • Valuation: $12B

You can find their website here.

19) Biosplice Therapeutics

Biosplice Therapeutics

Biosplice is a company developing small-molecule therapeutics based on the science of alternative pre-mRNA splicing.

Details of the startup:

  • Year founded: 2008
  • Location: San Diego, California
  • Funding: $778M
  • Valuation: $11.6B

You can find their website here.  

20) Bolt

Bolt

Bolt provides a tool for simple checkout experiences, which helps retailers convert and retain more of their shoppers.

Details of the startup:

  • Year founded: 2014
  • Location: San Francisco, California
  • Funding: $963M
  • Valuation: $11B

You can find their website here.

21) Airtable

Airtable

Airtable is a low-code platform for creating relational databases. It has the flexibility of a spreadsheet, plus powerful features like integrations and automation.

Details of the startup:

  • Year founded: 2012
  • Location: San Francisco, California
  • Funding: $1.4B
  • Valuation: $11B

You can find their website here.

22) Notion

Notion

Notion is a productivity tool that serves as an all-in-one space for taking notes, managing tasks, and organizing projects.

Details of the startup:

  • Year founded: 2012
  • Location: San Francisco, California
  • Funding: $335M
  • Valuation: $10B

You can find their website here.

23) Talkdesk

Talkdesk

Talkdesk is an enterprise-focused contact center platform allowing companies to manage and improve their customer experiences.

Details of the startup:

  • Year founded: 2011
  • Location: San Francisco, California
  • Funding: $497.5M
  • Valuation: $10B

You can find their website here.

24) Digital Currency Group

Digital Currency Group

Digital Currency Group is a company that builds and supports blockchain companies by leveraging insights, networks, and access to capital.

Details of the startup:

  • Year founded: 2015
  • Location: New York City, New York
  • Funding: $700M
  • Valuation: $10B

You can find their website here.  

25) Ripple

Ripple

Ripple is a platform for people to send money wherever they want or need using blockchain technologies and payment systems. 

Details of the startup:

  • Year founded: 2012
  • Location: San Francisco, California
  • Funding: $293.8M
  • Valuation: $10B

You can find their website here.

26) Reddit

Reddit

Reddit is an online platform acting as a global community where people can create and submit content and discuss the topics of their interest.

Details of the startup:

  • Year founded: 2005
  • Location: San Francisco, California
  • Funding: $1.2B
  • Valuation: $10B

You can find their website here.

27) Gusto

Gusto

Gusto is a company that develops web-based payroll solutions for small and medium-sized businesses.

Details of the startup:

  • Year founded: 2011
  • Location: San Francisco, California
  • Funding: $651M
  • Valuation: $9.5B

You can find their website here.

28) Thrasio

Thrasio

Thrasio identifies and acquires quality brands selling on Amazon and uses their expertise and data to better their products and grow the companies.

Details of the startup:

  • Year founded: 2018
  • Location: Walpole, Massachusetts
  • Funding: $3.4B
  • Valuation: $7.5B

You can find their website here.

9 Decacorns in China 

29) Bytedance

Bytedance

ByteDance is a company with a wide range of content platforms focused on educating and entertaining people across the world. Their most famous platform is TikTok.

Details of the startup:

  • Year founded: 2012
  • Location: Shanghai, Shanghai
  • Funding: $9.4B
  • Valuation: $400B

You can find their website here.

30) Xiaohongshu

Xiaohongshu

Xiaohongshu is a Chinese social media and e-commerce platform dedicated to sharing photos, videos, and text-based messages.

Details of the startup:

  • Year founded: 2013
  • Location: Shanghai Shanghai
  • Funding: $917.7M
  • Valuation: $20B

You can find their website here.

31) Yuanfudao

Yuanfudao

Yuanfudao is a mobile application offering tutoring and online course services for primary and secondary school students in China.  

Details of the startup:

  • Year founded: 2012
  • Location: Beijing, Beijing
  • Funding: $4.1B
  • Valuation: $15.5B

You can find their website here.

32) Bitmain Technologies

Bitmain Technologies

Bitmain is a manufacturer of hardware and solutions for blockchain and AI applications.

Details of the startup:

  • Year founded: 2013
  • Location: Beijing, Beijing
  • Funding: $764.7M
  • Valuation: $15B

You can find their website here.

33) DJI Innovations

DJI Innovations

DJI develops and manufactures innovative drone and camera technology for commercial and recreational use.

Details of the startup:

  • Year founded: 2006
  • Location: Shenzhen, Guangdong
  • Funding: $105M
  • Valuation: $15B

You can find their website here.

34) SHEIN

SHEIN

Shein is an online fashion marketplace focusing on selling women’s apparel and home decor accessories. 

Details of the startup:

  • Year founded: 2008
  • Location: Nanjing, Jiangsu
  • Funding: $553.4M
  • Valuation: $15B

You can find their website here.

35) ZongMu Technology

ZongMu Technology

ZongMu is a company developing autonomous driving solutions and driver assistance systems. 

Details of the startup:

  • Year founded: 2013
  • Location: Shanghai, Shanghai
  • Funding: $375.9M
  • Valuation: $11.4B

You can find their website here.

36) Weilong

Weilong

Weilong is a company focused on manufacturing spicy snack food and the reinterpretation of traditional Chinese food into gourmet products. 

Details of the startup:

  • Year founded: 1999
  • Location: Luohe, Henan
  • Funding: $559.74M
  • Valuation: 10.8B

You can find their website here.

37) Lalamove

Lalamove

Lalamove, known initially as EasyVan, is a technology company that provides delivery services for both personal and business needs.  

Details of the startup:

  • Year founded: 2013
  • Location: Hong Kong City, Hong Kong
  • Funding: $2.5B
  • Valuation: $10B
  • You can find their website here.

38) Genki Forest / Yuangi Senlin

Genki Forest

Genki Forest is a company that specializes in producing sugar-free and low-calorie products.

Details of the startup:

  • Year founded: 2016
  • Location: Beijing, Beijing
  • Funding: $20.6M
  • Valuation: $2B

You can find their website here.

5 Decacorns in Europe

39) Klarna

Klarna

Klarna is a fintech company offering an eCommerce payment solutions platform for merchants and shoppers.

Details of the startup:

  • Year founded: 2005
  • Location: Stockholm, Sweden
  • Funding: $3.7B
  • Valuation: $45.6B

You can find their website here.

40) Checkout.com

Checkout.com

Checkout.com is a global financial solution providing an alternative for payment methods and currencies for both personal users and businesses.

Details of the startup:

  • Year founded: 2012
  • Location: London, United Kingdom
  • Funding: $1.8B
  • Valuation: $40B

You can find their website here.

41) Revolut

Revolut

Revolut is a financial services company that specializes in mobile banking, card payments, money remittance, and foreign exchange.

Details of the startup:

  • Year founded: 2015
  • Location: London, United Kingdom
  • Funding: $1.7B
  • Valuation: $33B

You can find their website here.

42) Global Switch

Global Switch

Global Switch is a company that owns and operates data center spaces across Europe and Asia-Pacific. 

Details of the startup:

  • Year founded: 1998
  • Location: London, United Kingdom
  • Funding: £4.9B
  • Valuation: 10.6B

You can find their website here.

43) Celonis 

Celonis

Celonis is a technology company focused on data processing, which enables companies to analyze internal processes and improve their efficiency. 

Details of the startup:

  • Year founded: 2011
  • Location: Munich, Germany
  • Funding: $1.4B
  • Valuation: $11B

You can find their website here.

2 Decacorns in India 

44) BYJU’s

BYJU’s

BYJU’S is an ed-tech solution addressing the needs of India’s national education system and offering tutoring services for teachers, and educational content for students. 

Details of the startup:

  • Year founded: 2011
  • Location: Bangalore, Karnataka
  • Funding: $5.3B
  • Valuation: $22B

You can find their website here.

45) Swiggy

Swiggy

Swiggy is a food ordering and delivery platform focusing on the Indian market, similar to what Glovo, Bolt, or Foodpanda offer in Europe and the United States.

Details of the startup:

  • Year founded: 2014
  • Location: Bangalore, Karnataka
  • Funding: $4.8B
  • Valuation: $10.7B

You can find their website here.

3 Decacorns in Other Countries

46) J&T Express

J&T Express

J-Express is a company offering delivery and courier services for people based in Jakarta, Indonesia.

Details of the startup:

  • Year founded: 2015
  • Location: Jakarta, Indonesia
  • Funding: $4,653M
  • Valuation: $20B

You can find their website here.

47) Canva

Canva

Canva is a graphic design software solution that focuses on helping people design a wide area of graphical assets.

Details of the startup:

  • Year founded: 2012
  • Location: Sydney, Australia
  • Funding: $572.6M
  • Valuation: $40B

You can find their website here.

48) FTX

FTX

FTX is a cryptocurrency exchange system that offers a solution to buy, sell, and store different digital assets.

Details of the startup:

  • Year founded: 2019
  • Location: Nassau, Bahamas
  • Funding: $1.8B
  • Valuation: $32B

You can find their website here.

Which Companies Might Be the Next Decacorns?

In their most recent fundraising rounds, many startups were valued just below $10B. This means that they should be reaching the Decacorn startups in the following months or years. Three of these startups are:

  • OYO Rooms: It’s an Indian hospitality chain of hotels, with 43K properties and 1M rooms across 80 countries. The company was valued at $9.6B in August 2021, when they raised $5M from Microsoft.
  • N26: It’s a German neobank with a wide range of banking solutions for customers in the European Union. In October 2021, N26 closed a $900M Series E funding round at a $9B valuation.
  • Klaviyo: Klaviyo is a marketing platform that allows businesses to automate their SMS and email marketing campaigns. In May 2021, they raised $320M, doubling their valuation to $9.5B just in seven months.
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