Unicorn

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Revision as of 22:30, 12 February 2017 by imported>Doug Williamson (Typo correction 'to'.)
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A 'unicorn' is a privately owned company valued at US$1 billion or more.

The term is also used more narrowly to refer to early stage technology companies with valuations of US$1 billion or more, also known as 'tech unicorns'.


Spotify raises $1bn

"Swedish music streaming company Spotify attracted plaudits from the judges for its approach to managing growth.
During the first half of 2016 [Spotify] closed one of the largest convertibles ever for a tech unicorn, securing a $1bn financing, to support Spotify's growth programme."


The Treasurer magazine, February 2017 p32 - Deals of the Year.


See also