The number of new unicorns has slowed, but five tech companies managed to join the club in Q3 2018.
While private market valuations seem to reach new heights every week, the number of new unicorn startups - private companies valued over $1 billion - has actually slowed.
In Goldman Sach's quarterly Views from the Valley report, published Monday, analyst Heather Bellini wrote that the pace of unicorn additions "continued to be muted" in the third quarter - particularly in comparison to Q2 2017, when 20 startups joined the so-called unicorn club.
Just five tech startups joined the unicorn club in the third quarter, according to the report. That brings the total number of unicorns up to 162 in the third quarter, excluding companies which had unicorn valuations but have since exited through an initial public offering or an acquisition.
Meet the five newest additions:
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