What is a Unicorn, Soonicorn and Minicorn?

Last updated date: Feb 27, 2025
A data visualization from Tracxn titled 'Tracxn’s Soonicorn and Unicorn clubs.' The image features three vertical bars labeled 'Minicorns,' 'Soonicorns,' and 'Unicorns,' each containing various company logos. Silhouettes of unicorns are shown jumping from one bar to the next, symbolizing growth. An upward orange trend line connects the bars, indicating progression. The background is a blue sky with clouds. A footnote mentions that the data is as of February 2025.

What is a Unicorn?

A Unicorn is a privately held startup valued at $1 billion or more. These companies achieve this status through strong business models, innovative solutions, and substantial investor interest. Unicorns are considered key players in their respective industries and often attract major funding from venture capital firms.
To know more about Tracxn's Unicorn Club - click here

What is a Soonicorn?

A Soonicorn (Soon-to-be Unicorn) is a startup nearing a $1 billion valuation, poised to achieve Unicorn status. These companies are seen as the next big thing in the startup ecosystem and often attract significant investment due to their promising future.

To know more about Tracxn's Soonicorn Club - click here

What is a Minicorn?

A Minicorn is a startup with a valuation below $1 billion but has the potential to become a Soonicorn and eventually a Unicorn. These companies show strong growth prospects, innovation, and investor interest, making them emerging players in the startup ecosystem.
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