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2021 Next Billion-Dollar Startups

A $1 billion valuation isn’t what it used to be, as companies reach that milestone with breakneck speed, but there are still plenty of up-and-comers worth keeping an eye on. Here are Forbes’ picks for 25 venture-backed startups most likely to become unicorns.

For the seventh year in a row, Forbes has teamed up with TrueBridge Capital Partners to search for the country’s 25 venture-backed startups most likely to become unicorns. TrueBridge asked some 300 venture firms to nominate companies, while Forbes reached out directly to 80 startups. Then came the deeper look, as we analyzed finances and interviewed founders and investors. A $1 billion valuation isn’t what it used to be, as companies reach that milestone at breakneck speed. Even startups with barely any revenue are earning sky-high valuations as investors bet on future growth. The average estimated 2020 revenue for companies on this year’s list is just $12 million, compared with an average $30 million in previous year’s revenue for those on the 2020 list. Still there are plenty of up-and-comers worth keeping an eye on, including one that tests your dog’s DNA and another that will help you notarize documents from the comfort of your home. This list represents the 25, in alphabetical order, that we think have the best shot of becoming future stars.

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