The UK leads With 3 Companies To Join The Emerging Unicorn Board In June 2022

In June, 12 companies joined The Crunchbase Emerging Unicorn Board, a curated list of companies valued above $500 million but less than $1 billion. The board now hosts 346 companies valued at more than $236 billion. 1

The  U.K. led the pack with three new emerging unicorns, followed by India with two. The  U.S., Canada, China, Singapore, Israel, Iceland and Sweden each counted one new company on the Emerging Unicorn Board.

Together, these emerging unicorns raised $1.2 billion this past month and were valued at $8.2 billion collectively. Financial services was the sector with the highest count of new companies on the list in June, followed by data and analytics.

Here are the companies organized by sector.

Financial services

• Sweden-based Juni helps e-commerce companies grow their business with fintech services. Juni closed on a $100 million Series B valuing the company at $800 million. The funding was led by Mubadala Capital Ventures.
• New Delhi-based credit card issuer Stashfin raised a $70 million Series C which valued it at $750 million. The company says it  is close to issuing 100,000 cards per month to those previously excluded from these services. With this funding, Stashfin plans to expand to Southeast Asia. The funding was led by global investors Abstract Ventures, Fasanara Capital and Uncorrelated Ventures.
• Entrepreneur First, headquartered in London, brings founders together to build the next generation of tech companies. The team has raised a $158 million Series C, valuing the company at $560 million. Some $100 million will be allocated to investing and the rest toward building out its global team.
• Gen Z financial assistant Cleo, based in London but focused on the U.S. market first, raised an $80 million Series C that valued the company at $500 million. The funding was led by Brussels-based Sofina.

Data and analytics

• Data observability platform Coralogix, based in San Francisco, raised a $142 million Series D which valued the company at $950 million. The funding was led by growth investors Advent International and Brighton Park Capital.
• London-based Codat delivers API’s for small business data used by fintech and SaaS companies. Codat raised a $100 million Series C led by JPMorgan Partners with participation from Plaid and Shopify. The funding valued the company at $825 million.
• Data management company Ataccama from Toronto raised a $150 million funding led by Bain Capital Tech Opportunities. It was valued at $550 million.

Health care

• China-based diabetes treatment company Huisheng Biopharmaceutical closed on its  $75 million Series A, valuing the company at $748 million.
• Iceland’s regenerative tissue company Kerecis raised a $100 million funding valued at $620 million. The funding was led by LEGO maker Kirkbi.

E-commerce

• Singapore-based e-commerce loyalty platform ShopBack raised an $80 million Series F led by Singapore-based Asia Partners Fund Management. The funding valued the company at $555 million.

Edtech

• India-based Leap, a financing and guidance platform for overseas students, raised a $75 million Series D led by edtech investor Owl Ventures. The financing valued the company at $900 million.

Streaming

• Israel-based Pixellot, a hardware and video-streaming platform for nonprofessional sports, raised a $161 million Series D at a $500 million valuation. The funding was led by Boston-based Providence Strategic Growth.

Graduating to unicorns

Six companies graduated from the emerging board to the unicorn board this past month. These are London-based Multiverse, Ecuador-based Kushki, U.S.-based Vanta, South Korea-based ZigBang, Israel-based Vayyar and India-based Purplle. The majority of these companies raised funding in 2021.

Crunchbase Pro queries listed for this article

All Crunchbase Pro queries are dynamic, with results updating over time. They can be adapted by location and/or timeframe for analysis.

• Emerging unicorn leaderboard (348)

Methodology

The curated Crunchbase Emerging Unicorn Board includes private companies with known valuations of $500 million or more but less than $1 billion, based on Crunchbase data. The list is updated whenever a new company reaches that valuation range or there is a change in valuation for a company already on the leaderboard. Companies that are subsequently valued at more than $1 billion will be removed from the board and promoted to The Crunchbase Unicorn Board. Companies that exit will also be removed from the Emerging Unicorn Board.

We’re working to make the Emerging Unicorn Board a comprehensive resource for you to gain deeper insights into the companies that are likely to be the next unicorns.

Note: Please reach out to our Senior Data Editor Gené Teare at gene@crunchbase.com if you have any questions or feedback on The Crunchbase Emerging Unicorn Board, or if you spot any data that’s missing or inaccurate.

Update: Although Kerecis secured its funding in June, it officially announced the news in July 2022. The funding totaled $100 million and valued the company at $620 million. 

Illustration: Dom Guzman

Learn More