Social Network Unicorns

7 Well-Known Unicorn Companies in the Social Network Industry

Here's a list of 7 social network unicorn startups, including the well-known Discord and Reddit.

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There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.

One of the challenges, however, is finding a market that is willing to pay for your solution without even knowing what it is yet.

While some people say this makes your idea too vague and hard to monetize, there’s actually good news.

There’s more money in this space than ever before by angels investing in early-stage companies.

If you're building a Social Network startup, you must check these 7 companies that have joined the unicorn club.

7 Unicorn Companies in the Social Network Industry

Discord

Discord

Discord is the only Free and Secure All-in-one Voice+Text+Video App designed for gamers that’s trusted by over 38 million gamers.

Details of the startup:

  • Valuation:

    $7.00

    B (

    April 2018

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2012

  • Founders:

    Mikołaj Roszak, Stanislav Vishnevskiy

  • Industries:

    Communities, Messaging, Social Network, Software, Video Chat

  • Number of employees:

    500-1,000

  • Funding Amount:

    $479,300,000

  • Number of funding rounds:

    12

  • Number of investors:

    20

here

Hike

Hike

Hike designs and develops mobile messaging applications that are intuitive, useful, and fun. It’s the app that helps you share life with more people in ways that are personal, spontaneous, and profound.

Details of the startup:

  • Valuation:

    $1.40

    B (

    July 1905

    )

  • Country:

    India

  • City:

    New Delhi

  • Started in:

    2012

  • Founders:

    Kavin Bharti Mittal

  • Industries:

    Apps, Messaging, Mobile, Online Portals, Social Network

  • Number of employees:

    250-500

  • Funding Amount:

    $261,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    10

here

Hopin

Hopin

Hopin is a virtual event platform that creates live online business and social networking experiences. Their events are professional, organized, and open to everyone who has the interest to learn new things.

Details of the startup:

  • Valuation:

    $5.65

    B (

    November 2020

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2019

  • Founders:

    Johnny Boufarhat

  • Industries:

    Events, Meeting Software, Social Network, Video Conferencing

  • Number of employees:

    250-500

  • Funding Amount:

    $571,440,518

  • Number of funding rounds:

    5

  • Number of investors:

    20

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

Strava

Strava

Strava allows runners and cyclists to share their fitness progress with an online community.

Details of the startup:

  • Valuation:

    $1.50

    B (

    November 2020

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2009

  • Founders:

    Mark Gainey, Mark Shaw, Michael Horvath

  • Industries:

    Fitness, Internet, Mobile, Social Network, Sports

  • Number of employees:

    250-500

  • Funding Amount:

    $151,850,000

  • Number of funding rounds:

    7

  • Number of investors:

    7

here

Tango

Tango

Tango Live provides a live mobile video platform to connect businesses and individuals with their followers and customers. As a global leader, they work with some of the world’s most recognizable names including Coca-Cola, Wells Fargo, Sharpie, and more.

Details of the startup:

  • Valuation:

    $1.10

    B (

    March 2014

    )

  • Country:

    United States

  • City:

    Mountain View

  • Started in:

    2009

  • Founders:

    Eric Setton, Uri Raz

  • Industries:

    Android, Apps, iOS, Messaging, Mobile, Social Network, Video Streaming

  • Number of employees:

    100-250

  • Funding Amount:

    $369,247,364

  • Number of funding rounds:

    5

  • Number of investors:

    12

here
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