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SIA report finds 72 unicorns with valuations of greater than $1 billion in ecosystem

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August 22, 2022

Staffing Business Analysts recognized 72 “unicorns” within the workforce answer ecosystem with a mixed worth of $196.2 billion. Essentially the most extremely valued unicorn is Deel, a worldwide payroll and compliance platform headquartered in San Francisco.

A unicorn is a privately held startup with a worth of greater than $1 billion. Former unicorns embody firms equivalent to Airbnb, Meta (Fb) and Google.

SIA’s new report recognized unicorns within the “workforce options ecosystem,” a time period that describes the bigger staffing business and all interconnected companies. It encompasses organizations that present providers in staffing companies, course of outsourcing, payrolling/compliance, direct work engagement, expertise acquisition know-how and different workforce options.

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Unicorns within the workforce options ecosystem symbolize 5% of the worldwide worth of unicorns of every type, and 44 of the 72 unicorns recognized in SIA’s new report are based mostly within the US.

Workforce options ecosystem corporations with the biggest valuations embody:

  • Deel, $12.0 billion, payrolling/compliance; US
  • Gust, $10.0 billion, payroll and HR tech, US
  • Lalamove, $10.0 billion, B2B/B2C work service platform; Hong Kong
  • Automation Anyplace, $6.8 billion, robotic processing automation; US
  • Scale, $7.3 billion, coaching and accreditation; US

This report additionally identifies 296 enterprise capital corporations which have invested within the workforce options ecosystem.

The total report lists all 72 unicorns and might be considered by company members of Staffing Business Analysts. It was written by Brian Wallins, analysis director; John Nurthen, govt director of world analysis; and Kevin Chen, analysis affiliate.

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