Ultra‐Yunicorn Investors: Firms with the largest portfolio of startups valued at $5 billion or more
Gené Teare, Crunchbase, 28 July 2025

• Ultra‐juicorns are a growing group of privately owned companies valued at $5 billion or more. in the first half of 2025, 17 companies joined this elite 211-member club.
• Crunchbase data shows that, along with active investor firms, private equity investors are also making a significant contribution to financing these highly valued private companies. Although ultra-junicorns make up about 13% of the list of companies on the Unicorn Board, they account for more than half of their total value - about $3.5 trillion.
• Among the firms with the largest ultra‐unicorn investments are:
• Andreessen Horowitz
• Sequoia Capital
• Tiger Global Management
• Lightspeed Venture Partners
• Acceleration

• Tiger Global is in third place, although it has sharply reduced its investments in private companies since the second half of 2022. They invested in ultra-junicorns such as Databricks, Scale AI, and Shein.
• Firms with the largest share in the portfolio:
• Tiger Global - up to 19% of the portfolio
• Coatue - 18%.
• SoftBank Vision Fund
• GIC
• Andreessen Horowitz

It is noteworthy that in terms of the number of investments in this list, half are venture capital firms, and the other half are private equity investors. Private capital allows investors to create a larger portfolio through their next-stage investments.

Early-stage investors

Andreessen Horowitz, Accel, and Sequoia Capital have supported companies such as Scale AI, Databricks, Stripe, and Klarna, who have made the most investments by them in the Series A and B stages.
While Andreessen invested in 16 unique companies, Accel and Sequoia each invested in 14 companies (according to Crunchbase) shadowfoundr.com+4Crunchbase News+4CryptoRank+4.
Active investors in the Chinese market are IDG Capital (Beijing), HSG (formerly known as Sequoia Capital China, Hong Kong, China), and Tencent from Shenzhen. Among private capital investors, there is less activity.
Seed Phase Leaders

Y Combinator leads in the number of portfolios at the seed stage - about 10% of seed investments among startups valued at more than $5 billion. He followed companies such as Rippling, Scale AI, Deel.
SV Angel is in second place - having invested in startups such as Harvey and Notion at an early stage.
Other important seed investors: Initialized Capital (often to YC companies), Soma Capital and Homebrew

Private equity firms SoftBank and SoftBank Vision Fund are the largest investors associated with ultra-junicorns, and they are at the top of the list in terms of the volume of tourism they lead.
In addition, Big Tech companies such as Meta and Microsoft supported Scale AI and OpenAI.
Andreessen Horowitz and Sequoia Capital are also on the list of tour investors worth $8 billion+.

Market trends and IPOs/meetingsSo far, 6 companies with an estimated value of $5 billion or more have exited in 2025, which is slightly less than in 2024 (9 in 2024) Crunchbase News.

Some ultra-unicorns, including Figma ($12.5 billion), Navan ($9.2 billion), Klarna ($6.7 billion), have now secretly submitted their IPO documents to the SEC.
Investors invested a total of 482 billion dollars in the companies of this group from 2000 to 2025.

According to the agreement, the bank will sell 49% of the shares of Tenge Bank, a subsidiary of Click in Uzbekistan, to its shareholders for $60.76 million.