At CrossWork.us, we expect the number of pre-IPO unicorns to continue to rise as the pace and quality of entrepreneurial innovation continues to accelerate and an increased amount of equity funding is focused on the pre-IPO space. In 2020, one new unicorn was created in a funding transaction every two to three working days. By September of 2020 that grew to one per working day. In 2021 the number has substantially increased to two to three per working day.
The median time from founding to reaching unicorn status is now an impressive 8 years.
View the current CrossWork.us target cohort at: https://crosswork.us/pre-ipo-selected-targets/
CrossWork.us Midas Fund Target Cohort
Unicorns Summary Data as of Q4/2021
|Median Last Funding Date||Mar 2021|
|Total Equity Funding||$640 Billion|
|Median Founding Date||Apr. 2013|
|Last Funding Round (Highest Frequency)||Series D|
|Number of Acquisitions||1,300|