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The Big Numbers Behind Tech's Highest Valued Private Companies

A new report looks at the trends of 472 of tech's high-flying companies.

Not all private tech companies are created equal. You only have to name the first few that pop into your head to realize this: Square, ZocDoc, Fab, and Evernote. But there's one thing they all have in common: They're enormously valuable. And according to a new report titled "The Tech IPO Pipeline," from CB Insights, companies with valuations above $100 million—including all those listed above—can be surprisingly similar. Here are some highlights from the report, which identified trends across 472 tech companies:

  • The pipeline companies have raised a combined $40 billion to date.
  • The average amount of funding one of these companies raises is $84.7 million.
  • Sequoia Capital and Intel Capital lead the top 10 investors, based on the number of companies they've invested in.
  • Unsurprisingly, California is home to nearly 50% of these companies. Surprisingly, New York and Massachusetts are in a dead heat for second place, with Texas, Washington, and Florida rounding out the top five.
  • Most companies first started raising financing in 2007. But four of the pipeline companies first started financing in 1998.

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