Biggest venture-backed companies worth nearly $500 bln: Reuters
The total valuation of late-stage, venture-backed private companies in the United States and Europe has exploded from a few dozen startups worth a collective US$40 billion in 2010 to hundreds of firms that together are now worth almost US$500 billion, Reuters reported, citing a new study. The numbers show the magnitude of recent trend in which the biggest Silicon Valley startups raise hundreds of millions or even billions of dollars from private investors while delaying their entrance into public markets. There are now 471 late-stage private companies with an approximate valuation of US$490 billion, according to the report from Scenic Advisement, a San Francisco-based investment bank.
2 June 2017•2 mins read
