Geek Wire: Startups to watch: 13 venture capitalists offer their picks for the next Pacific Northwest unicorns

Human and technology concept. AI (Artificial Intelligence). Communication network.

Unicorn startups are everywhere these days.

CB Insights’ unicorn tracker — keeping tabs on privately-held companies valued at $1 billion or more — is quickly approaching 1,000 companies. And earlier this month, GeekWire identified 16 startups in the Seattle region that have already reached this status.

As we kick off the new year, startup valuations continue on the upward trajectory. In fact, the average pre-money valuation for later-stage venture-backed companies hit $750 million last year, up from $431 million in 2020, according to the Venture Monitor report.

Read the full article at Geek Wire.

RELATED POSTS
Image of Seattle needle building

Geek Wire: Seattle fintech startup Possible Finance lands $20M to launch ‘safest credit card ever’

May 13, 2022
Possible Finance, a Seattle startup that offers loans, just raised an additional $20 million and plans to launch a new credit card. Read the full article here.

Built in Seattle: AccelByte Raises $60M to Grow Product and Engineering Teams

May 12, 2022
Seattle is known for being a game development hub. The city has been been the birthplace of popular games such as the original Halo and the wildly popular Pokemon Go....

Be a community partner in the 4th industrial revolution.

Learn More

US Tech Future is a Verizon-led community-focused initiative working to engage the local community in a discussion about technology and how it can improve the lives of local residents for their benefit and the benefit of the community as a whole.

Our mission is to engage with citizens and community stakeholders in USA to provide information on how technology can work to have a dramatic impact on the way we work and live in our communities.