// SECTOR DOSSIER

mobile Unicorns

Every mobile unicorn we track — 6 private companies valued $1B or more, tiered by paper valuation. Combined balance sheet myth: $131B.

TIER 1 // APEX TARGETS

The Hectacorns $100B+ · 1

TIER 3 // STANDING HORDE

The Unicorn Herd $1B – $9.9B · 5