Here Are The Startups That Became Unicorns In 2016

A new year calls for a review of the last one. So why not we look back and evaluate how start-ups from around the world have performed in 2016? While the talks on decreasing investment were evident in venture capital circles, a number of start-ups were successful in touching the mighty $1 billion mark last year. Here we have listed the start-ups that became Unicorns in 2016.


Valution – $10 billion

start-ups that became Unicorns in 2016

Based in New York, Infor provides business applications for human capital management, enterprise resource planning and customer relationship management to mid-sized companies.


Valuation – $6.2 billion

This Chinese website offers rental and second-hand real estate transactions. They are headquartered in Beijing.

Global Switch

Valuation $6.02 billion

start-ups that became Unicorns in 2016

Founded in 1998, Global Switch currently owns and operates ten data centres in Tier 1 cities across Europe and Asia Pacific. They are also considered to be the world’s highest credit rated data centre provider.

Royole Corporation

Valuation – $3 billion

Headquartered in USA, Royole is a renowned Chinese start-up that manufactures advanced flexible displays, flexible sensors and smart devices.


Valuation – $2 billion

This Chinese start-up runs an E-commerce platform that connects brand merchants with convenience store vendors. It also provides delivery services for everyday products to local communities and university campuses.

Quanergy Systems

Valuation – $1.59 billion

start-ups that became Unicorns in 2016

Based in California, Quanergy Systems develops real-time 3D mapping and object detection, tracking and classification.

Promasidor Holdings

Valuation – $1.58 billion

This South African start-up delivers healthy and nutritional food products at an affordable price in more than 30 African countries. They also manufacture and sell dairy products, beverages, food enhancement products and non-dairy creams.

Valuation – $1.55 billion

start-ups that became Unicorns in 2016

Zoox is a robotics company based in USA that is regarded as a pioneer in autonomous mobility. They are in the process of developing a completely autonomous electronic vehicle for the next generation.

STX Entertainment

Valuation – $1.5 billion

Founded in 2014, STX Entertainment is an American motion picture and television studio specializing in the production, marketing and distribution of films, television and digital media.


Valuation – $1.5 billion

start-ups that became Unicorns in 2016

Based in Florida, JetSmarter is a mobile app for connecting passengers and air carriers to chartered flights. They have 3,000 private jets available for booking on their app.

Share on FacebookTweet about this on TwitterShare on Google+Share on RedditShare on LinkedInPin on PinterestShare on TumblrShare on StumbleUponEmail this to someone