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News Article

Here Are All the Boston-Area Unicorns We Know About

January 2, 2018

With Indigo’s $156 million funding round in September and Gingko Bioworks’ $275 million round in December, Massachusetts is now home to eight unicorns — at least by our count.

Unicorns, of course, refers to private companies that have valuations of at least $1 billion. The term was originally coined in 2013 by Aileen Lee, founder of venture capital firm Cowboy Ventures, as a way to recognize the statistical rarity of venture-backed companies reaching a billion-dollar valuation.

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