Crunchbase's report highlights the rise of $5B+ valuation unicorns, termed as 'Ultra Unicorns,' controlling half of all unicorn company valuations.
In 2025, there is a notable surge in companies joining the $5B+ club, with 17 new additions in the first half of the year, indicating a faster expansion than previous years.
Most current $5B+ unicorns were founded between 2011-2018, highlighting the importance of sustained execution and resilience across economic cycles.
Despite market conditions, 5 $5B+ valued companies have already exited in 2025, showing accelerated exit velocity for ultra-unicorns.