Despite ongoing concerns about overvalued private companies, and a stymied public market for new debuts, new billion-dollar valued companies are still joining The Crunchbase Unicorn Board. Thirty-two companies joined the board in June, around three companies every two working days.
Of the companies that joined the Unicorn Board last month, London-based payments company SumUp leads the pack with the largest funding raise, $623 million, and the highest valuation, $8.5 billion. Collectively, this batch of 32 companies raised $4.5 billion last month.
The company with the earliest funding stage to unicorn is India-based edtech Physics Wallah, which raised $100 million in a Series A round. The profitable company provides low-cost test-prep classes.
Search less. Close more.
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.
The most active lead investors in these billion-dollar valued rounds include Goldman Sachs Asset Management with three investments, and Craft Ventures and Westbridge Capital, each with two investments.
Across these companies, Y Combinator has the highest count with four portfolio companies, all via its accelerator program at seed-stage fundings.
Marketing and professional services leads with the largest count of companies followed by financial services and cybersecurity companies.
Here are the companies, organized by sector.
Marketing and professional services
- New York-based AlphaSense, a research platform for companies looking for business intelligence, raised a $225 million Series D valued at $1.7 billion led by Goldman Sachs Asset Management and Viking Global Investors.
- London-based apprenticeship talent marketplace Multiverse raised a $220 million Series D which valued it at $1.7 billion. The funding was led by General Catalyst, Lightspeed Venture Partners and StepStone Group.
- Front, a customer relationship management platform based out of San Francisco, raised a $65 million Series D to be valued at $1.7 billion, led by Battery Ventures and Salesforce Ventures.1
- Massachusetts-based airSlate, a document management services company, raised a $52 million Series B extension led by G Squared. The company was valued at $1.3 billion.
- Santa Barbara-based call intelligence company Invoca raised an $83 million Series F valued at $1.1 billion led by late-stage investor Silver Lake Waterman.
- Bangalore-based LeadSquared, a sales execution CRM platform, raised a Series C of $153 million led by Westbridge Capital. The funding valued the company at $1 billion.
- SaaS vendor management company Vendr from Boston raised a $150 million Series B valued at $1 billion led by Craft Ventures and SoftBank Vision Fund.
- London-based point-of-sale payments company SumUp raised $623 million in a round led by Bain Capital Tech Opportunities, which valued it at $8.5 billion.
- Banking software enterprise solution Backbase raised a private equity funding of $128 million. Motive Partners led the round, valuing the Netherlands-based company at $2.6 billion.
- Real-time compensation platform Pave, based in San Francisco, raised a $100 million Series C. Pave was valued at $1.6 billion after the round led by Index Ventures.
- Ecuador-based Kushki, an e-commerce payment solution, raised a $100 million Series B led by Kaszek, which valued the company at $1.5 billion.
- Insurance provider Branch, based in Columbus, Ohio, raised a $147 million Series C valued at $1.1 billion and led by Weatherford Capital.
Privacy and security
- Security compliance company Vanta, based out of San Francisco, raised a $110 million Series B led by Craft Ventures which valued the company at $1.6 billion.
- Boston-based Immuta, a company that secures cloud data, raised a $100 million Series E valued at $1 billion and led by cybersecurity VC firm NightDragon Security.
- Tel Aviv-based Perimeter 81, a secure network company for a distributed workforce, raised a $100 million Series C valued at $1 billion and led by B Capital Group.
- Security and compliance company JupiterOne, based in North Carolina, raised a $70 million Series C valued at $1 billion and led by Tribe Capital.
- Fast-charging electric vehicle stations provider Electrify America, based in Virginia, raised a $450 million corporate round valued at $2.5 billion and led by Siemens Financial Services.
- Paris-based EcoVadis, an environmental impact assessor for vendors, raised a $500 million private equity round valued at $1 billion which was led by PE firms Astorg and climate change investor Beyond Net Zero.
- Bay Area-based Turntide Technologies, developer of electric motor systems to reduce energy consumption, raised an $80 million funding valued at $1 billion and led by OGCI Climate Investments.
- Nashville, Tennessee-based health care service CareBridge raised a $140 million funding valued at $1 billion and led by Oak HC/FT.
- Developer of diagnostic devices Visby Medical, based in San Jose, raised a $135 million Series E which valued the company at $1.06 billion. Although the Series E was first announced in March, the valuation was not disclosed until the company announced its Series E extension in late June.
- San Francisco-based NFT marketplace Magic Eden raised a $130 million Series B led by Electric Capital and Greylock which valued the company at $1.6 billion.
- Seoul-based ZigBang, an apartment-seeking app, raised an $8 million funding led by Shinhan Venture Investment which valued it at $1.6 billion.
- Israel-based 4D-imaging radar company Vayyar raised a $108 million Series E that valued the company at $1.5 billion. The funding was led by Koch Disruptive Technologies.
- Cloud computing company Jaguar Microsystems from Shenzhen raised a $15 million Series B led by Tencent, valuing the company at $1.3 billion.
- Digital 9 Infrastructure acquired the stake of Canada Pension Plan Investment Board in U.K.-based Arqiva, a communications and infrastructure company. The secondary market financing valued Arqiva at $1.2 billion.
- India-based Physics Wallah, an edtech platform that provides live and online classes and has helped more than 6 million students according to its announcement, raised a $100 million Series A valued at $1.1 billion. The funding was led by GSV Ventures and Westbridge Capital.
- Sustainable textile company Recover from Spain, raised a $100 million funding led by Goldman Sachs Asset Management which valued it at $1.1 billion.
Food and Beverage
- Tampa, Florida-based beverage company Cirkul raised a $70 million Series C valued at $1.1 billion led by New York-based PE firm SC.Holdings.
- Mumbai-based Purplle, an online store for cosmetics, raised a $33 million Series E valued at $1.1 billion led by South Korea-based Paramark Ventures.
- Robotics company MegaRobo, from Beijing, raised a $300 million Series C led by Asia Investment Capital, GGV Capital and Goldman Sachs Asset Management, which valued the company at $1 billion.
- Chicago-based FourKites, a supply chain visibility platform, raised a corporate round led by FedEx valuing the company at $1 billion. The funding amount was not disclosed.
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.
Correction: Visby Medical’s funding was updated to reflect its full Series E of $135 million. Airslate’s funding was updated to a Series B extension.
Illustration: Dom Guzman
Salesforce Ventures is an investor in Crunchbase. It has no say in our editorial process. For more, <ahref=”https://news.crunchbase.com/about-news/”>head here</a>.↩
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.