Nominations open for Forbes' 2025 startup list

Nominations are now open for the 2025 Forbes Next Billion-Dollar Startups list, which seeks 25 fast-growing U.S. companies likely to reach a $1 billion valuation. The deadline for nominations is April 18, 2025. To qualify, companies must be privately held, venture-backed, and based in the U.S., with valuations under $1 billion. Previous honorees are not eligible for re-nomination. Forbes aims to enhance diversity in its selections, encouraging founders from underrepresented backgrounds to apply. A quantitative analysis will assess all submissions based on financial data.