Fourteen companies joined The Crunchbase Unicorn Board in July 2022, the lowest count since August 2020 when nine companies joined the board.
As a sector, Web3 led with the largest count of new unicorn companies this past month, followed by financial services and health care.
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The companies that became unicorns at the earliest stages are Web3 companies 5ire and Unstoppable Domains. Each was valued at $1 billion in their Series A. 5ire was founded in 2021 and Unstoppable Domains in 2018.
Across these companies, SV Angel 1was the most active investor with three portfolio companies. And the following each have two portfolio companies; seed investor Start Fund, venture investors New Enterprise Associates and General Catalyst, deep tech investor DCVC and Singapore wealth fund GIC.
Cloud database company SingleStore has the highest number of investors across this cohort with 34 investors, which include Accel, GV and Insight Partners.
Meet the companies, organized by sector.
- London-based Crypto-custody firm Copper raised a Series C funding led by Barclays Ventures at a value of $2 billion. The amount invested was not disclosed.
- U.K. and India-based blockchain technology company 5ire raised a $100 million Series A which valued the company at $1.5 billion. The funding was led by business conglomerate SRAM & MRAM.
- San-Francisco-based Unstoppable Domains, a Web3 digital identity company, raised a $65 million Series A which valued the company at $1 billion. The funding was led by blockchain and crypto investor Pantera Capital.
- FPL Technologies, developer of a mobile-first credit card in India, raised a $100 million Series D which valued the company at $1.4 billion. The funding was led by Singapore’s Temasek through MacRitchie Investments.
- Mexico-based Stori provides digital credit cards to the underserved markets in Mexico and Latin America. The company raised a $50 million Series C extension which valued the company at $1.2 billion. The round was led by BAI capital, GGV Capital and GIC.
- Direct primary care provider Everside Health, based in Denver, raised a growth equity funding of $164 million which valued it at $1 billion. The funding was led by New Enterprise Associates.
- California-based Tebra sets up independent health care practices with digital services. It raised a $72 million Series B led by late-stage SaaS investor Golub Capital, valuing the company at $1 billion.
- Newly established EV Co., based in Mumbai, was valued at $9 billion. British International Investment and Mahindra and Mahindra jointly invested $500 million to establish an electric vehicle company arm.
- South Korea-based Lionheart Studio, an online gaming company, was valued at $3 billion in a secondary financing led by Kakao Games Europe.
- San Francisco-based education communication platform ClassDojo raised a $125 million Series D led by Shenzhen-based Tencent. ClassDojo was valued at $1.25 billion and plans to build a virtual world for its community of students.
- Oregon-based Exterro builds e-discovery tools and governance for legal firms. The company raised a private equity funding led by Coller Capital and Glendower Capital which valued it at $1 billion.
- Shanghai-based chip design company JLSemi raised a Series C of $90 million which valued the company over $1 billion. The funding was led by Renchen Semiconductor and Summitview Capital.
Data & Analytics
- Cloud database company SingleStore from San Francisco raised a Series F extension of a $116 million round led by Goldman Sachs Asset Management. The company is now valued at $1 billion.
- Seattle-based logistics and delivery company Flexe raised a $119 million Series D valuing the company at $1 billion. The funding was led by Balius Partners and BlackRock.
The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data. New companies are added to the Unicorn Board as they reach the $1 billion valuation mark as part of a funding round.
Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to The Exited Unicorn Board.
Please note that all funding values are given in U.S. dollars unless otherwise noted. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historic spot price.
Illustration: Dom Guzman
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