These Are the 10 Biggest U.S. Startups by Valuation

In April 2022, PitchBook published its list of the top 10 new U.S. unicorns by post-money valuation. Unicorn companies are those valued at over $1 billion and as of March 2022, there were 607 active unicorns in the U.S. Many of these companies were founded over a decade ago and others in the last few years.

Below are the 10 biggest U.S. startups by valuation as reported by PitchBook. Some of the companies on the list are gaining brand recognition but many are still not known to the average person. Here is an overview of each company, so you can get a better sense of the current startup landscape.

1. Miro

Miro is a cloud-based collaboration platform that allows teams to connect and manage projects using a digital whiteboard system. It is privately owned and backed by venture capital. The company was founded in 2009 in California and reached unicorn status in December 2020. In early 2022, Miro raised $400 million and had a post-valuation of $17.5 billion.

2. Goodleap

Goodleap offers a consumer-friendly financing platform for sustainable lifstyle investments, such as solar loans and home improvement loans. It was founded in 2003 and became a unicorn in January 2021. By April 2022, Goodleap had recently raised $80 million in venture funding and had a post-valuation of $12 billion.

3. Fanatics Trading Cards

Fanatics Trading Cards was founded in 2021 and became a unicorn in September of that year. The company offers a baseball trading card platform as well as other types of sports commerce, such as gaming, betting, and retail stores. Fanatics Trading Cards raised $350 million in Series A venture funding; by April 2022, its most recent post-valuation was $10.4 billion.

4. Kraken

Kraken was founded in 2011 and became a unicorn a decade later in April 2021. It is a trading platform offering cryptocurrency exchange and other trading services. After reaching unicorn status, it raised an undisclosed amount of funding from several venture capital investors. By April 2022, Kraken's most recent post-valuation was $11 billion.

5. Digital Currency Group 

Digital Currency Group is a venture capital group that invests in fintech, blockchain, and bitcoin companies. It was founded in Connecticut in 2015 and became a unicorn in November 2021. In November 2021, an unidentified investor sold a stake in the company for $700 million to investors that included SoftBank Group and Tribe Capital. As of April 2022, its post-valuation was $10 billion.

6. Fireblocks 

Fireblocks was founded in 2018 in New York and reached unicorn status in August 2021. The company develops blockchain security technology for protecting digital assets. In March of 2022, Fireblocks raised $550 million in funding, and by April 2022 its most recent post-valuation was $8 billion.

7. FTX.US

FTX.US is a cryptocurrency exchange founded in Berkeley, California in 2020. It became a unicorn in January 2022, and by April of that year, its most recent post-valuation was $8 billion. In early 2022, FTX.US raised $400 million in Series A funding.

8. Gemini

Gemini, which was founded in 2014, operates a cryptocurrency exchange platform. It reached unicorn status in 2021. By April 2022, it had most recently raised $400 million in Series D venture funding and had a post-valuation of $7.1 billion.

9. Datavant

Founded in California in 2013, Datavant is a patient privacy platform that is used for managing healthcare data. It reached unicorn status in July 2021. That same month, it received development funding from multiple investors including Johnson & Johnson and the Goldman Sachs Group, but the amounts were left undisclosed. By April 2022, its post-valuation was $7 billion.

10. Black Unicorn Factory 

Black Unicorn Factory was founded in 2020 in California. It is an African American Accelerator program that focuses on helping startups grow to the point of an initial public offering within a year of finishing the program. Its startup accelerator program makes use of the Jumpstart Our Business Startups (J.O.B.S.) Act, which was passed in 2012. In May 2021, Black Unicorn Factory raised $400 million in venture funding and reached unicorn status. By April 2022, it had a post-valuation of $6.1 billion.

The Bottom Line

PitchBook published its list of the top new U.S. unicorn companies by post-money valuation in April 2022, A unicorn is a startup that has a valuation of over $1 billion. As of March 2022, there were 607 unicorn startups in the U.S. The 10 biggest ones were Miro, Goodleap, Fanatics Trading Cards, Kraken, Digital Currency Group, Fireblocks, FTX.US, Gemini, Datavant, and Black Unicorn Factory.

However, a unicorn valuation does not always predict the success or stability of a company. The cryptocurrency exchange FTX became a unicorn in January 2022; by November 2022, it had collapsed and declared bankruptcy, and its founder is facing criminal charges including money laundering and securities fraud.