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Unicorn companies are booming, despite the pandemic's economic effects

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Many companies considered \u0022unicorns\u0022 appear to be unaffected by the economic turmoil of the pandemic.

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While the COVID-19 pandemic provided plenty of economic turmoil over the last 18 months, it appears unicorn companies are going through a kind of population boom, with venture capitalists not hesitating to take advantage of the growth. CB Insights reports that there are now 701 private companies exceeding the $1 billion valuation cutoff for consideration as a “unicorn” and there are 10 companies considered “decacorns,” which represents a valuation of over $10 billion.

 

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