Unveiling the Giants: The World's Top 10 Most Valuable Startups in 2024

In the startup world, a ‘unicorn’ is a private company valued at $1 billion or more — a status all aspiring firms dream of achieving. So far this year, 38 companies have joined the unicorn club, spanning industries from supply chain management to financial technology and health tech.

While unicorns are more common now, only a few can scale to new heights. Here’s a look at the 10 most valuable private companies in the world, according to an analysis by Visual Capitalist based on data from Carbon Finance, CB Insights, and Bloomberg.

10. Chime

Based in San Francisco, Chime, a fintech firm, has a valuation of $25 billion as of 2021 and is looking to go public in 2025.

9. Canva

The graphic design platform Canva is valued at $26 billion, down from $40 billion three years ago, and is also eyeing an IPO in 2025.

8. Fanatics

Fanatics, a sports merchandise company based in Jacksonville, Florida, is valued at $31 billion after a recent funding round.

7. Databricks

The AI platform Databricks is valued at $43 billion and is preparing for an IPO.

6. Revolut

London-based Revolut is valued at $45 billion, claiming to be the fastest-growing finance app in multiple markets.

5. Shein

Shein, the Chinese fast-fashion giant, was last valued at $66 billion, although recent private stock sales indicate a lower valuation.

4. Stripe

The online payment processor Stripe is valued at $70 billion as of July 2024.

3. OpenAI

After a significant funding round, OpenAI has reached a valuation of $157 billion, making it the third-most valuable startup.

2. SpaceX

SpaceX, led by Elon Musk, is valued at over $200 billion.

1. ByteDance

ByteDance, the parent company of TikTok, holds the title of the most valuable startup in the world, valued at roughly $225 billion.