The Forbes

Next Billion-Dollar Startups

Deadline: CLOSED
Published: AUGUST 2023
Application Open Spring 2024

Methodology

Since 2015, the annual Forbes Next Billion-Dollar Startups, produced in partnership with TrueBridge Capital Partners, seeks to identify the top 25 next-generation technology or tech-enabled companies most likely to achieve unicorn status based on current financial and growth metrics.

Qualifications

Companies must be based in the United States, private and venture-backed with a valuation of less than $1 billion, and must submit an application to be considered.

Data

We use submissions from companies and venture capitalists, as well as limited third-party data and historical lists, to form a comprehensive set of data points for the Next Billion-Dollar Startups model and analysis.

Analysis

We calculate a company’s eligibility based on numerous factors including valuation and revenue (which are more heavily weighted), user/customer count, and headcount, among others.

FAQs

Next Billion-Dollar Startups 2023