If you thought 2013 was a good year for tech IPOs, well, 2014 could get a lot more interesting.
A new study from CB Insights has identified 590 venture capital and private equity-backed companies that have estimated valuations of $100 million or more — up from 472 last year.
Those 590 companies have raised $55 billion in funding across more than 2,800 deals to date, at an average of $101 million each, marking a 19 percent jump from last year. Of that group, 26 have valuations of $1 billion or more, including companies like Airbnb, Snapchat, Uber and Dropbox.
Internet companies make up half of the list, followed by mobile and telecom companies. Of those Internet companies, e-commerce and ad-tech industries are the subindustries leading the way.
More than half (308) of the 590 companies hail from California, while 15 are from Washington (down from 17 last year). Meanwhile, Oregon — which hasn’t had a tech IPO since 2004 — now has eight companies on CB Insights’ list with potential for IPO.
So far this year in Washington, NanoString, Tableau and most recently Zulily have completed IPOs. Looking ahead toward 2014, CB Insights has companies like Redfin, Apptio, Moz, nLight and INRIX on their list of companies positioned to make the leap.
The venture capital firm with the most portfolio companies waiting in the wings is Kleiner Caufield Perkins & Byers, with 50. They are followed by NEA, Accel Partners, Intel Capital and Sequoia Capital.
Last year, out of the 472 companies CB Insights pinpointed as “IPO Pipeline,” 48 percent exited or raised financing.
