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15 January, 2019
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2018 is shaping up to be a record year for private investing: VCs have already poured $73 billion i

2018 is shaping up to be a record year for private investing: VCs have already poured $73 billion into startups valued at $1 billion or more

Lime scooterReuters

65 companies have reached valuations of $1 billion or more in 2018, new data from Crunchbase reveals.
Private investors have  poured $73 billion into “unicorn” companies in the first 7 months of 2018 alone — just $15 billion short of the total funding for unicorns in all of 2017.

 

In Silicon Valley, startups valued at $1 billion or more are nicknamed “unicorns” because originally they were so few and far between.

Read more: feedproxy.google.com

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