The Cream of the Venture Crop: 472 Companies with $100M Plus Valuations

Call them the cream of the venture crop, the 472 high-flying U.S.-based technology companies with valuations above $100 million and exciting businesses to justify them.

They are a diverse lot, with names such as Square, Airbnb, Dropbox, Pinterest, Twitter, Box, Etsy, Eventbrite, Palantir, Evernote and Fab.

And they are largely funded by venture capitalists, including big name investors Sequoia Capital and Intel Capital, but not exclusively. Almost 20% have taken money from traditional private equity shops during expansion rounds and private transactions, including Blackboard and Sabre Holdings.

They also are the subjects of a new study by CB Insights, which found that  together they have raised $40 billion and appear well down the path to IPOs if they make good on their promise. The CB Insights study discovered that some have just crossed the threshold into the high valuation club while others are worth billions of dollars, including Palantir, SurveyMonkey and

Eighty percent target their products and services at businesses and 50% are Internet companies. Less than 20% follow a B2C business model, the study found. In all, 34 of the upstarts hope to make a living at e-commerce and another 32 play in ad-tech. Twenty-six call telecom services their sweet spot.

Perhaps most interesting is who has funded them. At the top of the list are Sequoia and Intel, both with 35 companies. New Enterprise Associates has 34, and Accel Partners put money into 32, the CB Insights study shows.

Next on the list is Kleiner Perkins Caufield & Byers, with 31; DAG Ventures, 25; Goldman Sachs, 23; Greylock Partners, 22; and Benchmark Capital, Menlo Ventures and Institutional Venture Partners, each with 21.

The average funding per company is $84.7 million and the median money raised per company is $75.8 million. Almost 50% call California home. New York and Massachusetts are in a close battle for second place, with New York ahead by one company, 41 to 40. Texas and Washington state complete the top five with Florida trailing close behind.

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