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Meet The 13 Companies That Joined The Emerging Unicorn Board In May 2022

Crunchbase Emerging Unicorn Board graphic

In May, 13 companies joined The Crunchbase Emerging Unicorn Board, a curated list of companies valued above $500 million but less than $1 billion. The board now has 330 companies collectively valued at more than $200 billion.

The companies that joined in May 2022 hailed from seven countries. The U.S. led with four, followed by Canada with three, and India with two companies. In Europe, emerging unicorns joined the board from Germany, Sweden, Netherlands and the U.K.

Collectively, the 13 new emerging unicorns raised close to $1.3 billion last month, at a post money value of $9.2 billion. The investors’ ownership stakes range from 5% to 22% with an average of 14% across these companies.

Chart for Emerging Unicorn list

No single sector dominated for companies that joined the emerging unicorn list in May with fintech and transport leading by amounts raised.

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Here they are organized by amount raised by sector.


  • Colorado-based wealth management platform Tifin raised a $109 million Series D led by Motive Partners that valued the company at $842 million. The company was last valued less than a year ago at close to half that amount at $447 million in October.
  • Neo Financial, a digital bank for Canadians, passed the 1 million customer mark. It raised a $144 million Series C led by Valar Ventures that valued the company at $780 million. In Canadian dollars this round would make it a unicorn.


  • Ather Energy, a Bangalore-based electric scooter company, raised a $128 million Series E led by Mumbai-based fund manager NIIF. This round valued the company at $900 million. The company raised its last funding round four months ago with $56 million from a corporate investor.
  • Munich-based car subscription company Finn raised its Series B of $110 million valued at $500 million led by Korelya Capital. The firm also raised $720 million in debt funding. Its last funding was a $24 million Series A.
  • E-commerce
  • Bay Area-based Firework is a shoppable video company. It raised a Series B led by SoftBank Vision Fund of $150 million at a $750 million valuation.


  • London-based Elwood Technologies, a digital assets trading infrastructure company in cryptocurrencies, raised its series A of $70 million led by Dawn Capital and Goldman Sachs. The funding valued the company at $500 million.
  • NFT marketplace Zora, based in Los Angeles, raised a $50 million funding led by Haun Ventures valuing the company at $600 million. This is the first investment we have in Crunchbase for Katie Haun, who closed her $1.5 billion fund in March of this year. The firm has since made three investments per Crunchbase data.


  • Amsterdam-based Pyramid Analytics, a business decision intelligence platform, raised a $120 million Series E led by Miami-based H.I.G. Growth Partners which valued the company at $900 million. The company claims more than 1 million decision-makers rely on its products.


  • Toronto, Canada-based Tailscale, a VPN company for engineering teams, raised a $100 million Series B led by CRV and Insight Partners. The round valued Tailscale at $785 million.


  • New Delhi-based Absolute Foods provides sensors to farmers to optimize growing crops. It raised a $100 million Series B of $100 million which valued the company at $500 million. Investors include Sequoia Capital India and Tiger Global.


  • Montréal, Canada-based Vention, a manufacturing automation platform, raised a $95 million Series C led by existing investor Georgian, which also led the Series B in 2020. The new funding valued the company at $767 million. Vention serves 3,000 customers across five continents, according to the company.

Health care

  • Hello Heart, a Bay Area-based heart health company, closed on its $70 million Series D led by Stripes. It was valued at $600 million in this round. In total the company has raised close to $140 million.


  • Last-mile delivery startup Budbee, based in Stockholm, raised a $41 million funding that valued the company at $743 million. Budbee operates in Sweden, Denmark, Finland, Belgium and the Netherlands. The company disclosed revenue around $85 million (80 million euros) in 2021.

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The curated 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 unicorn companies.

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

Illustration: Dom Guzman


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