In October 2024, five firms joined the Crunchbase Unicorn board across sectors including artificial intelligence, energy, robotics, fintech and skilled services. The five added greater than $7 billion in value to the board, which now has greater than 1,550 firms value a combined $5.3 trillion.
Four of the new unicorns are from the Bay Area, and the other is based in London but operates in Africa.
In addition, five firms with a total value of $12.5 billion left the board in October. The value of those five minted unicorns was higher than the total value added of newly minted unicorns.
However, the overall value of the board has increased moderately OpenAI raised this 12 months’s largest round of $6.6 billion, increasing its value from $80 billion in February to $157 billion in the latest financing. And AI firms Sierra AND Light matter raised funds inside a 12 months of previous funding at significant margins in comparison with prior funds.
So far this 12 months, 32 firms have withdrawn from their boards, half of which have gone public and half have been taken over. This is greater than in 2023, when 25 firms withdrew from the market, including 12 taken over and 13 listed on the stock exchange.
Outputs in transport and healthcare
Last month, three firms from China went public, including two dealing with autonomous driving. Robotics Horizon went public on the Hong Kong Stock Exchange, raising $696 million, and WeRide raised $440.5 million over the course of Nasdaq listing. Chinese short-distance courier service provider BingEx, branded FlashEXalso went public on the Nasdaq, raising $66 million.
Meanwhile, two US healthcare firms were acquired last month. Both focus on managing ongoing care at home. CarebridgeThe Nashville, Tenn.-based home health care provider to Medicare and Medicaid patients was acquired for $2.7 billion by the company Facade Healthan Indiana-based public health company. And based in Boston Biofourmisa biotech company that monitors patients at home has merged with CopilotIQcombined chronic disease care company.
October unicorns
Here are all the newly minted October unicorns, by sector.
artificial intelligence
Energy
- Nuclear fusion company Pacific Fusionbased in Fremont, California, raised an impressive $900 million in Series A funding, led by Generic catalytic converter. The year-old company didn’t reveal its valuation, but it has definitely entered unicorn territory.
Professional services
- Based in San Francisco EvenUpan artificial intelligence legal technology company for personal injury law firms raised $135 million in Series D funding led by Bain Capital Ventures. The 5-year-old company was valued at $1 billion.
Fintech
- Business payment platform Moniepoint raised a $110 million Series C led by an Africa-focused private equity fund DPI. Moniepoint processes $17 billion a month for its clients, mainly in Nigeria, and plans to expand throughout Africa. The London-based company, which has been operating for 9 years, was valued at $1 billion.
Robotics
- Based in San Francisco Agile roboticsAI-powered robotics for e-commerce picking and packing, raised $106 million in Series C round led by a private investment firm Cedar Pine and the previous investor FedEx. The 7-year-old company was valued at $1 billion.
The Crunchbase Unicorn Board is a curated list of personal unicorn firms with a post-money valuation of at least $1 billion, based on Crunchbase data. There are new firms added to the Unicorn Board after it reached $1 billion in funding round.
The unicorn board does not reflect internal company valuations – reminiscent of those determined through the 409a process for worker stock options – because they are different from the valued financing round and will more than likely be lower. We also do not adjust valuations based on investor write-downs, which change quarterly, because different investors won’t value the same company consistently in the same quarter.
Unicorn company financing includes all private financing of firms designated as unicorns, in addition to those who have since transformed into Coming out unicorn board.
The exits analyzed here include only the firm’s first exit.
Please note that every one financing amounts are in US dollars unless otherwise noted. Crunchbase converts foreign currency echange to U.S. dollars at the spot rate in effect on the date financing rounds, acquisitions, IPOs and other financial events are reported. Even if these events were added to Crunchbase long after the event was announced, currency transactions are converted at the historical spot price.