In September, nine corporations joined the Crunchbase Unicorn board, including one that achieved a valuation of $5 billion just three months after its founding.
To summarize, the Unicorn Board currently consists of just below 1,550 corporations value $5.2 trillion.
Four of the recent unicorns come from the US, two from India, and one each from Japan, Germany and Chile.
The recent $5 billion unicorn
Notable board members last month included the first U.S. company to be valued at $5 billion inside months of its founding. It was an AI research lab Secure superintelligencefounded by OpenAI co-founder Ilya Suckew. (Outside the US, we have seen corporations – normally subsidiaries – reach unicorn value in lower than a 12 months. For example: Huawei technologiessmart automotive subsidiary Yinwang intelligent technology was valued earlier this 12 months at $16 billion inside seven months of its founding.)
In all, about 290 venture-backed tech corporations (including exited unicorns) have reached $5 billion or more in value over time.
Exits and reduced value
Last month, two corporations from the Unicorn Board were acquired.
Data protection company Own company was taken over by Sales power 1 for $1.9 billion – below its 2021 value of about $3.3 billion.
Peak was taken over by Branded to create a recent company Growthowner of brands addressed directly to consumers.
We also saw that the unicorn raised a recent round at a lower valuation than previously, which resulted in its fall from the Unicorn Board. It was Cover bookpayroll and accounting platform for production and entertainment corporations, which in the round led by. raised $20 million Partners of the Bessemer enterprise with a reduced valuation of USD 750 million. Wrapbook was previously valued at $1 billion in 2021.
September minted unicorns
Here are all of September’s newly valued unicorn stocks, by sector.
artificial intelligence
Energy
- Creator of battery products 24M Technologiesbased in Cambridge, Massachusetts, raised $87 million in a Series H round led by him New Plus. The 14-year-old company was valued at $1.3 billion.
- Clean jet fuel company Twelvebased in Berkeley, California, raised $200 million in a Series C round led by the company TPG, Capricorn Investment Group AND Pulse Fund. The 9-year-old company was valued at $1 billion.
- Another clean jet fuel company that achieved unicorn status was a company based in Santiago HIF Global. The 5-year-old company has raised $20 million Mitsui OSK linesand has raised a total of $220 million in 2024 to date.
Fintech
- Based in India Veritas Financesmall business lending company raised $29 million in private equity from existing investors. The 9-year-old company was valued at $1.1 billion.
- Based in Bangalore The sight of cashlending platform, raised $5 million from existing investors Accel India AND Nexus ventures. Moneyview acquisition Jiffy, an worker advantages platform that permits employees to receive earnings before payday. The 10-year-old company was valued at $1.2 billion.
Fitness
- Based in Munich Everyonemaker of connected exercise equipment with personalized health monitoring raised $200 million for Series G led by L Catterton AND Meritech Capital Partners. Offered as a corporate wellness platform, it is used in 18,000 fitness and health facilities. The 13-year-old company was valued at $1.2 billion.
Real estate technician
- Based in San Francisco Rentberry raised $90 million in Series A led by The capital of Berkeley Hills AND GTM capital. The 9-year-old company was valued at $1 billion and provides a rental services platform that permits for price negotiations between tenants and landlords.
Methodology
The Crunchbase Unicorn Board is a curated list of personal unicorn corporations with a post-money valuation of at least $1 billion, based on Crunchbase data. There are recent corporations added to the Unicorn Board after it reached $1 billion in funding round.
The unicorn board does not reflect internal company valuations – resembling those determined through the 409a process for worker stock options – because they are different from the valued financing round and will most probably 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 corporations designated as unicorns, in addition to people 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 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.