Unicorns are breeding like rabbits according to recent research!

Anand Sanwal of CB Insights comments on the extraordinary number of unicorns that have been announced in the first few months of 2015 and the exponential growth recently seen.

From January 1, 2015 to April 14, 2015, there 14 new unicorns were added the billion dollar valuation club. Since then (in one month), 15 have been added.

DJI Innovations, a manufacturer and developer of drone technology, recently raised $75M at an $8B valuation from Accel Partners, making it one of the top 15 most valuable unicorn companies. Zenefits, also had a significant valuation increase, jumping from a $500M valuation in their previous round of funding to $4.5B in their current round.

So far, 29 companies have now become unicorns in 2015 (as of 5/20/2015), which puts 2015 on track to have 76 unicorns by the end of the year (double the amount of the previous year which was a record in its own right). Although given the current acceleration in unicorn valuations, we may far exceed that.

Many thanks to Anand Sanwal and CB Insights for this information