 In 2017, "Pitchbook Data" ranked the University of Waterloo's undergraduate program fourth for schools that have the greatest number of alumni who have founded unicorn startups.As of the same year, Waterloo students and alumni have raised a cumulative US$3.662 billion in venture capital.The current unicorn startups from Waterloo are Wish, Instacart, Kik Messenger, Pivotal Software, and Storm8.