The Definitive List of Digital Health Unicorns
A startup unicorn refers to a privately held startup that achieves a valuation of over $1 billion. The term "unicorn" was coined by VC (and lead investor in my last startup!) Aileen Lee in 2013 to represent what was at that time a rare achievement.
A business only has a 0.00006% chance of becoming a unicorn, and for those who do become a unicorn, it takes on average seven years from founding to achieve this valuation. For venture-backed startups, the chances are a little better: a venture-backed seed-stage startup has an estimated 2.5% chance of becoming a unicorn. Read more about my experience investing in unicorns here.
Here’s the current list of digital health unicorns as of October 2023:
Support my work and download the List of Digital Health Companies spreadsheet. This includes a list of private digital health companies valued at $1B+, the year they became a unicorn, plus 30+ former unicorns and when/why they were delisted.