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.