Social Media Unicorns

12 Social Media Startups that are now Unicorn Companies

If you're building a social media startup, you must check these 12 companies that have joined the unicorn club.

Ad

Headway Logo

Give your startup a competitive advantage. We’ve seen countless startups fail because founders didn’t have the right mindset. Learn the common mistakes we see and how you can give your startup a greater chance for success. Get free access to The Founder's Mindset →

Think Social Media is boring and everything’s been done before?

Think again.

If you’re in the social media industry or are interested in starting a company in this space, this article dives into all of the hottest Social Media unicorn startups who are making their way to becoming worth more than US$1 billion.

12 Social Media Startups that are now Unicorns

Cameo

Cameo

Cameo is making personal video shoutouts affordable and accessible to everyone. From saying thank you to sharing your birthday wishes, they’re giving fans a platform where they can connect with their favorite people.

Details of the startup:

  • Valuation:

    $1.00

    B (

    March 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2017

  • Founders:

    Devon Townsend, Martin Blencowe, Steven Galanis

  • Industries:

    Information Technology, Marketplace, Media and Entertainment, Social Media

  • Number of employees:

    250-500

  • Funding Amount:

    $165,209,970

  • Number of funding rounds:

    8

  • Number of investors:

    26

here

Dailyhunt

Dailyhunt

DailyHunt provides a 24×7 mobile application that keeps you updated on the news from across the globe.

Details of the startup:

  • Valuation:

    $1.00

    B (

    December 2020

    )

  • Country:

    India

  • City:

    Bangalore

  • Started in:

    2007

  • Founders:

    Umang Bedi, Umesh Kulkarni, Virendra Gupta

  • Industries:

    Information Technology, Language Learning, Mobile, News, Operating Systems, Social Media, Social News, Software

  • Number of employees:

    250-500

  • Funding Amount:

    No Data

  • Number of funding rounds:

    No Data

  • Number of investors:

    No Data

here

DXY

DXY

DXY is an online community that brings together the world’s top doctors, organizations, and consumers in order to provide innovative ways to improve healthcare.

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2000

  • Founders:

    Jin Zhang, Tiantian Li

  • Industries:

    Consumer Software, Health Care, Life Science, Medical, mHealth, Pharmaceutical, Social Media, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $682,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    6

here

Hupu

Hupu

Hupu provides news and commentary for sports fans. It is the premier destination where sports fanatics can congregate, discuss their favorite teams, and follow their favorite players.

Details of the startup:

  • Valuation:

    $1.10

    B (

    June 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2004

  • Founders:

    Shawn Cheng

  • Industries:

    Media and Entertainment, News, Social Media, Sports

  • Number of employees:

    500-1,000

  • Funding Amount:

    $337,927,040

  • Number of funding rounds:

    5

  • Number of investors:

    5

here

Meesho

Meesho

Meesho run a successful operation that frees entrepreneurs to start a business without investing money.

Details of the startup:

  • Valuation:

    $2.10

    B (

    April 2021

    )

  • Country:

    India

  • City:

    Bangalore

  • Started in:

    2015

  • Founders:

    Sanjeev Barnwal, Vidit Aatrey

  • Industries:

    E-Commerce, E-Commerce Platforms, Mobile Apps, Retail, Social Media

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $515,200,000

  • Number of funding rounds:

    9

  • Number of investors:

    25

here

Nextdoor

Nextdoor

Nextdoor is the private social network for local communities within the neighborhood.

Details of the startup:

  • Valuation:

    $2.10

    B (

    March 2015

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2010

  • Founders:

    Adam Ginsburg, David Wiesen, Madison Bell, Nirav Tolia, Prakash Janakiraman, Sarah Leary

  • Industries:

    Communities, Internet, Mobile Apps, Private Social Networking, Social Media

  • Number of employees:

    500-1,000

  • Funding Amount:

    $455,200,000

  • Number of funding rounds:

    9

  • Number of investors:

    24

here

Quora

Quora

Quora is a question-and-answer platform developed by a team of creators, engineers, and entrepreneurs with a mission to share and grow the world’s knowledge.

Details of the startup:

  • Valuation:

    $2.00

    B (

    April 2017

    )

  • Country:

    United States

  • City:

    Mountain View

  • Started in:

    2009

  • Founders:

    Adam D’Angelo, Charlie Cheever

  • Industries:

    Information Services, Internet, Product Design, Q&A, Social Media

  • Number of employees:

    500-1,000

  • Funding Amount:

    $226,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    15

here

Reddit

Reddit

Reddit is a place for community, conversation, and connection with millions of users worldwide.

Details of the startup:

  • Valuation:

    $6.00

    B (

    July 2017

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2005

  • Founders:

    Alexis Ohanian, Steve Huffman

  • Industries:

    Content, News, Social Bookmarking, Social Media, Social Network

  • Number of employees:

    500-1,000

  • Funding Amount:

    $919,049,748

  • Number of funding rounds:

    8

  • Number of investors:

    27

here

ShareChat

ShareChat

ShareChat is an Indian regional social networking application that lets you create and customize your profile according to your location. The platform enables users to share video, audio, image, and text content in seven major local languages.

Details of the startup:

  • Valuation:

    $2.10

    B (

    April 2021

    )

  • Country:

    India

  • City:

    Bangalore

  • Started in:

    2015

  • Founders:

    Ankush Sachdeva, Bhanu Pratap Singh, Farid Ahsan

  • Industries:

    Internet, Mobile Apps, Social Media, Social Network

  • Number of employees:

    500-1,000

  • Funding Amount:

    $824,830,000

  • Number of funding rounds:

    10

  • Number of investors:

    17

here

Sprinklr

Sprinklr

Sprinklr is the most flexible and disruptive customer data platform, backed by the largest enterprise software vendor in the industry.They are changing how companies share and interact with customer data across their entire organization.

Details of the startup:

  • Valuation:

    $2.70

    B (

    March 2015

    )

  • Country:

    United States

  • City:

    New York

  • Started in:

    2009

  • Founders:

    Ragy Thomas

  • Industries:

    Advertising Platforms, Analytics, Customer Service, Digital Marketing, Enterprise Software, Social Media, Social Media Advertising, Social Media Management, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $429,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    7

here

Tinder

Tinder

Tinder anonymously finds people nearby that like each other and connects them if they are both interested.

Details of the startup:

  • Valuation:

    $10

    B (

    March 2019

    )

  • Country:

    United States

  • City:

    West Hollywood

  • Started in:

    2012

  • Founders:

    Christopher Gulczynski, Dinesh Moorjani, Jonathan Badeen, Justin Mateen, Sean Rad, Whitney Wolfe Herd

  • Industries:

    Dating, Mobile, Search Engine, Social Media

  • Number of employees:

    50-100

  • Funding Amount:

    $50,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    2

here

VerSe Innovation

VerSe Innovation

VerSe is a language technology platform designed to help businesses and non-profits communicate more effectively in the local language and dialects of emerging markets.

Details of the startup:

  • Valuation:

    $1.10

    B (

    February 2021

    )

  • Country:

    India

  • City:

    Bangalore

  • Started in:

    2007

  • Founders:

    Umang Bedi, Virendra Gupta

  • Industries:

    Content, Internet, Social Media

  • Number of employees:

    500-1,000

  • Funding Amount:

    $434,009,213

  • Number of funding rounds:

    20

  • Number of investors:

    22

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join other +7,000 startup founders!