29 invested enterprises of Xichuangtou have been listed as potential "unicorn" enterprises in China
Recently, Great Wall Strategy Consulting released the "GEI China Potential Unicorn Enterprise Research Report 2024", and 29 tin venture capital investment companies were listed. There are 25 local enterprises in Wuxi on the list, of which 13 have been invested by Wuxi Venture Capital. 52% of the companies listed in Wuxi, covering multiple fields such as integrated circuits, commercial aerospace, digital healthcare, autonomous driving, clean energy, and advanced manufacturing.
GEI China Potential Unicorn Enterprise Standards
Great Wall Strategy Consulting is one of the earliest think tanks in China to research and release the "unicorn" list. Since 2016, it has continuously released the list and research reports of Chinese unicorn companies, and since 2020, it has released the list and research reports of potential unicorn companies in China for five consecutive years. The selection criteria for potential unicorn companies in GEI China are based on the "Classification Guidelines for High Growth Enterprises" (GB/T 41464-2022), which includes the following criteria for potential unicorn companies:
(1) Non foreign-owned enterprises registered within China with independent legal personality;
(2) Has received private equity investment and has not yet gone public;
(3) Meet one of the following conditions: the latest round of financing with a post investment valuation of $100 million within 5 years of establishment; The latest round of financing after 5-9 years of establishment has a post investment valuation of $500 million.
In recent years, Xi Venture Capital has attached great importance to cultivating high growth innovative enterprises represented by unicorn companies and potential unicorn companies. Combined with the company's established fund system covering the entire life cycle of enterprises, it provides comprehensive support for enterprises that are in line with their development stages. While adding bricks and tiles to advantageous industries, it also strengthens weak links in the industrial structure and makes positive contributions to promoting Wuxi's industrial transformation and upgrading and high-quality economic development.
