Uber, the 5-year-old ride-hailing app, tops The Wall Street Journal’s rankings of startups this month, based mainly on how much venture capital they have attracted.
Uber, which recently got permission to pick up passengers at Kansas City International Airport (and not just drop them off), is valued now at $50 billion, ahead of Chinese smartphone vendor Xiaomi. Uber’s still navigating various governments’ regulations and pushback from cabbies, but it also keeps expanding itsreach, recently announcing a $1 billion investment in India.
The Journal tracks what it calls Unicorns, companies valued at $1 billion or more by venture capitalists, and lists 108 of them. Of those, 72 are based in the U.S. and only nine in Europe.