Unicorns & thoroughbreds
Food unicorns
Dealroom tracks 56 unicorns in Food — companies that reached a verified $1B+ valuation — worth $119B combined, plus 25 thoroughbreds generating $100M+ in annual revenue. Updated September 2026.
56Unicorns ($1B+ valuation)
1Valued at $10B or more
25Thoroughbreds ($100M+ revenue)
$119BCombined unicorn valuation
Every Food unicorn
All 56 companies in Food that reached a verified $1B+ valuation, ranked by latest valuation. Click a company for its full Dealroom profile.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Genki Forest | Xicheng District | China | 2016 | $15B | Private |
| 2 | Luckin Coffee | Dongcheng District | China | 2017 | $9.4B | IPO 2019 |
| 3 | Celsius | Boca Raton | United States | 2004 | $9.4B | IPO 2008 |
| 4 | Cava | Washington DC | United States | 2010 | $7.8B | IPO 2023 |
| 5 | Impossible Foods | Redwood City | United States | 2011 | $7B | Private |
| 6 | Arysta Life Science | Cary | United States | 2001 | $4.2B | Private |
| 7 | Nayuki Holdings | Shenzhen | China | 2015 | $4B | IPO 2021 |
| 8 | Nutrabolt | Austin | United States | 2002 | $3B | Private |
| 9 | Mixue Ice City | Zhengzhou | China | 1997 | $2.8B | IPO 2025 |
| 10 | Trulieve | Tallahassee | United States | 2016 | $2.6B | IPO 2018 |
| 11 | IFCO Systems | Pullach im Isartal | Germany | 1992 | $2.5B | IPO 2000 |
| 12 | Weilong Foods | Luohe | China | 1999 | $2.5B | IPO 2022 |
| 13 | Trax | Boston | United States | 2010 | $2.4B | Private |
| 14 | Inari | Cambridge | United States | 2016 | $2.2B | Private |
| 15 | Halter | Auckland | New Zealand | 2016 | $2B | Private |
| 16 | Apeel Sciences | Goleta | United States | 2012 | $2B | Private |
| 17 | Pivot Bio | Minnetonka | United States | 2011 | $2B | Private |
| 18 | Poppi | Dallas | United States | 2015 | $1.9B | Private |
| 19 | Perfect Day | Emeryville | United States | 2014 | $1.6B | Private |
| 20 | Bianlifeng | Dongcheng District | China | 2016 | $1.6B | Private |
| 21 | Dmall | Dongcheng District | China | 2015 | $1.6B | IPO 2024 |
| 22 | Wenheyou | Dongcheng District | China | 2011 | $1.5B | Private |
| 23 | NotCo | Santiago | Chile | 2015 | $1.5B | Private |
| 24 | Deliverect | Ghent | Belgium | 2018 | $1.4B | Private |
| 25 | Liquid Death | Santa Monica | United States | 2017 | $1.4B | Private |
| 26 | Califia Farms | Los Angeles | United States | 2010 | $1.4B | Private |
| 27 | Flipdish | Dublin | Ireland | 2015 | $1.3B | Private |
| 28 | Pagoda | Shenzhen | China | 2002 | $1.2B | IPO 2023 |
| 29 | JUST | Alameda | United States | 2011 | $1.2B | Private |
| 30 | AG1 | Carson City | United States | 2010 | $1.2B | Private |
| 31 | Swiftly | Millbrae | United States | 2018 | $1.1B | Private |
| 32 | Footprint | Gilbert | United States | 2013 | $1.1B | Private |
| 33 | Huel | London | United Kingdom | 2014 | $1.1B | Private |
| 34 | Yonghui Fresh Food | Dongcheng District | China | 2015 | $1.1B | Private |
| 35 | Nxin | Dongcheng District | China | 2015 | $1.1B | Private |
| 36 | Glass House Brands | Huntington Beach | United States | 2015 | $1.1B | IPO 2021 |
| 37 | UPSIDE Foods | Berkeley | United States | 2015 | $1B | Private |
| 38 | Cirkul | Tampa | United States | 2016 | $1B | Private |
| 39 | Semios | Vancouver | Canada | 2010 | $1B | Private |
| 40 | Xiyun International | Dongcheng District | China | 2017 | $1B | Private |
| 41 | Jiangxiaobai | Huangpu | China | 2011 | $1B | Private |
| 42 | Nature’s Fynd | Chicago | United States | 2012 | $1B | Private |
| 43 | Manner | Changning District | China | 2015 | $1B | Private |
| 44 | Owner | Palo Alto | United States | 2018 | $1B | Private |
| 45 | Restaurant365 | Irvine | United States | 2011 | $1B | Private |
| 46 | Kopi Kenangan | Jakarta | Indonesia | 2017 | $1B | Private |
| 47 | Lightspeed | Montreal | Canada | 2005 | $890M | IPO 2019 |
| 48 | Beyond Meat | El Segundo | United States | 2009 | $596M | IPO 2019 |
| 49 | Local Bounti | Hamilton | United States | 2018 | $502M | Public via SPAC 2021 |
| 50 | Sichuan Baicha Baidao Industrial | Chengdu | China | 2008 | $433M | IPO 2024 |
| 51 | AppHarvest | Morehead | United States | 2017 | $251M | Public via SPAC 2021 |
| 52 | Black Rifle Coffee Company | Salt Lake City | United States | 2014 | $171M | Public via SPAC 2021 |
| 53 | Benson Hill | Olivette | United States | 2012 | $80M | Public via SPAC 2021 |
| 54 | Guoquan Shihui | Minhang District | China | 2019 | $53M | IPO 2023 |
| 55 | The Climate Corporation | San Francisco | United States | 2006 | — | Private |
| 56 | Plenty | South San Francisco | United States | 2013 | — | Private |
Thoroughbreds — the $100M+ revenue tier
Dealroom's revenue milestone: 25 Food companies past $100M in annual revenue, proof of traction beyond paper valuations.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Freshpet | Secaucus | United States | 2006 | $3.1B | IPO 2014 |
| 2 | EFishery | Bandung | Indonesia | 2013 | $1.4B | Private |
| 3 | Foodics | Riyadh | Saudi Arabia | 2014 | $1B | Private |
| 4 | Just Salad | New York City | United States | 2006 | $1B | Private |
| 5 | Continental Foods Belgium SA | Antwerp | Belgium | 1996 | $970M | Private |
| 6 | Waterdrop | Vienna | Austria | 2016 | $660M | Private |
| 7 | Haoxiangni Jujube Industry | China | China | 2005 | $567M | IPO 2011 |
| 8 | Humble Group | Stockholms kommun | Sweden | 2009 | $566M | IPO 2024 |
| 9 | Prataap Snacks | Indore | India | 2009 | $357M | IPO 2017 |
| 10 | TRIP | London | United Kingdom | 2019 | $300M | Private |
| 11 | air up | Munich | Germany | 2018 | $264M | Private |
| 12 | Lyka Pet Food | Sydney | Australia | 2018 | $260M | Private |
| 13 | Calo | Riyadh | Saudi Arabia | 2019 | $250M | Private |
| 14 | Bioceres Crop Solutions | Rosario | Argentina | 2001 | $246M | IPO 2018 |
| 15 | Zevia | Los Angeles | United States | 2007 | $90M | IPO 2021 |
| 16 | GrowGeneration | Pueblo | United States | 2014 | $74M | IPO 2018 |
| 17 | Moolec Science | Bioceres Group | Argentina | Argentina | 2001 | $71M | IPO 2018 |
| 18 | Coffee Day Enterprises | Bengaluru | India | 2008 | $62M | IPO 2015 |
| 19 | Kaykroo | Dubai | United Arab Emirates | 2020 | $33M | Private |
| 20 | Ploeger Oxbo | Roosendaal | Netherlands | 2011 | — | Private |
| 21 | ADVITAM PARTICIPATIONS | Arras | France | 2005 | — | Private |
| 22 | Followfood | Friedrichshafen | Germany | 2009 | — | Private |
| 23 | Innocent drinks | London | United Kingdom | 1998 | — | Private |
| 24 | HAMLET PROTEIN | Horsens | Denmark | 1992 | — | Private |
| 25 | Sundial Growers | Calgary | Canada | 2006 | — | IPO 2019 |
Frequently asked questions
How many Food unicorns are there?
Dealroom tracks 56 Food companies that reached a $1B+ valuation as of September 2026, worth $119B combined. 1 of them are valued at $10B or more.
What are the biggest Food unicorns?
The three most valuable are Genki Forest, Luckin Coffee, Celsius.
What counts as a unicorn — and what is a thoroughbred?
A unicorn is a company that reached a $1B+ valuation, verified by Dealroom. A thoroughbred is Dealroom's revenue-based tier: a startup-era company generating $100M+ in annual revenue — traction, not just paper valuation.