Nineteen unicorn startups currently define the media and entertainment scene. This group includes companies like Infinite Reality, which has a valuation of $12B.
The list features a mix of companies, from content creator ventures like Beast Industries with a $5B valuation to news aggregators like Japan's SmartNews.
Below is the full list of 19 Media and Entertainment unicorn startups at this time.
Top 10 Most Valuable Media and Entertainment Unicorns
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Get the Sheet for $50Infinite Reality builds immersive digital experiences for brands, using AI to power interactive 3D websites, virtual showrooms, and XR media. They specialize in helping media and entertainment companies create engaging virtual events and environments.
| Valuation | $12B |
| Headquarters | Norwalk, Connecticut, United States |
| Year Founded | 2019 |
| Founders | Amish Shah, Elliott Jobe, John Acunto, Rodric David, Sean Cross |
| Funding Amount | $3.4B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Sterling Select Group |
Beast Industries produces viral video content and large-scale productions for the world's most popular YouTuber, MrBeast. Their work extends beyond entertainment into consumer products with the Feastables snack brand and charitable giving through Beast Philanthropy.
| Valuation | $5B |
| Headquarters | Greenville, South Carolina, United States |
| Year Founded | 2012 |
| Founders | Jimmy Donaldson |
| Funding Amount | $450M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Alpha Wave Global |
SmartNews builds a news discovery app that helps users find quality journalism from a wide range of publishers. Their technology is known for delivering stories from different viewpoints, helping readers break out of their filter bubbles.
| Valuation | $2B (Joined August 2019) |
| Headquarters | Tokyo, Tokyo, Japan |
| Year Founded | 2012 |
| Founders | Kaisei Hamamoto, Ken Suzuki |
| Funding Amount | $410.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | SMBC Venture Capital, Dentsu, JIC Venture Growth Investments, Globis Capital Partners, Atomico |
1047 Games created Splitgate, a popular multiplayer first-person shooter. They're known for blending fast-paced shooter action with a unique portal mechanic, adding a strategic twist to the genre.
| Valuation | $2B (Joined September 2021) |
| Headquarters | Zephyr Cove, Nevada, United States |
| Year Founded | 2016 |
| Founders | Ian Proulx, Nicholas Bagamian |
| Funding Amount | $116.5M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Insight Partners, Galaxy Interactive, Lightspeed Venture Partners, Human Capital, Lakestar |
Epidemic Sound curates a massive library of royalty-free music and sound effects for online creators. Their subscription service allows YouTubers, podcasters, and businesses to easily find and use audio to soundtrack their content without copyright issues.
| Valuation | $1.4B (Joined March 2021) |
| Headquarters | Stockholm, Stockholms Lan, Sweden |
| Year Founded | 2009 |
| Founders | David Stenmarck, Hjalmar Winbladh, Jan Zachrisson, Oscar Höglund, Peer Åström |
| Funding Amount | $508.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Alecta, Blackstone Group, Creandum, EQT, AMF |
Yidian Zixun offers a mobile news aggregator that creates a personalized feed of articles and information for its users. The platform is built around an interest-based recommendation engine that curates content based on individual reading habits.
| Valuation | $1.4B (Joined October 2017) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2013 |
| Founders | Jeff Zheng, Xuyang Ren |
| Funding Amount | $178.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Phoenix New Media, Long De Cheng Zhang Culture Communication, Dunhong Capital Management, Dyee Capital |
Kuaikan Manhua built China's largest digital comics platform, which functions as both a marketplace and a community for manhua. The platform is a major cultural hub for China's Gen Z and provides comprehensive services for the comics industry, from development to distribution.
| Valuation | $1.25B (Joined December 2017) |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2014 |
| Founders | Anni Chen, Runchao Li, Ye Mingxiang |
| Funding Amount | $594.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | Tencent, Xianghe Capital, Tiantu Capital, Coatue, Sequoia Capital |
Substack built a platform that lets independent writers publish newsletters and earn money directly from paid subscriptions. Their tools handle the backend work of payments, hosting, and distribution, allowing writers to own their audience and focus on their craft.
| Valuation | $1.1B (Joined July 2025) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2017 |
| Founders | Christopher Best, Hamish McKenzie, Jairaj Sethi |
| Funding Amount | $200.2M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Andreessen Horowitz, Y Combinator, Bond, VentureSouq, Quiet Capital |
Cosm builds end-to-end solutions for immersive entertainment, from large-scale physical venues to the software that powers them. Their technology brings live sports, concerts, and other events to life for audiences in a format they call Shared Reality.
| Valuation | $1B (Joined July 2024) |
| Headquarters | Los Angeles, California, United States |
| Year Founded | 2020 |
| Founders | Jeb Terry |
| Funding Amount | $250M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Bolt Ventures, Rock Ventures, Mirasol Capital, Baillie Gifford, Avenue Capital Group |
Minute Media owns a portfolio of major digital publications, including The Players' Tribune and FanSided, focused on sports and culture. They also built the proprietary publishing platform that powers their own brands and is licensed to other media companies.
| Valuation | $1B (Joined January 2024) |
| Headquarters | London, England, United Kingdom |
| Year Founded | 2011 |
| Founders | Asaf Peled, Gilad Beiman, Yuval Larom |
| Funding Amount | $260M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | BlackRock, Battery Ventures, HSBC, Goldman Sachs, Dawn Capital |
The Remaining 9 Media and Entertainment Unicorns
The top 10 companies get most of the headlines, but the list of successful startups runs much deeper. While the United States is home to many of them, strong contenders are also emerging from Canada, Singapore, and Indonesia.
Each of these companies has found a unique way to grow in a competitive field. Here’s a look at the other startups that have joined the billion-dollar club.