March 31, 2021
The most valuable venture-backed companies have seen their worth soar in the past two years, as a boom in fintech and ecommerce helped drive valuations to previously unseen heights.
Stripe recently unseated Elon Musk’s space company, SpaceX, to become the most valuable US venture-backed company with a valuation of $95 billion. The company’s $600 million funding round also adds to its well-stocked cash reserves, a theme that held true for other large, well-capitalized private companies.
Instacart, Robinhood and Chime all took in heaps of capital throughout the pandemic months, as existing investors looked out for the health and growth of their larger portfolio companies. And that has led to higher and higher valuations not seen since the likes of Uber and Airbnb.