Eleven companies joined the Crunchbase Unicorn Board in January 2024 – the first double-digit monthly gain in over a 12 months.
Six of the new unicorns are based in Asia, three from China and one each from Singapore, Hong Kong and India.
Three U.S.-based companies also joined the board last month, while Latin America added one Mexican company and Europe added one U.K. company
A complete of 11 new January unicorns added $16 billion to the board’s value. These include artificial intelligence, clean energy, semiconductors, quantum computing and AR, among others.
He leaves and is removed from the list
Question and answer platform Quora was removed from the board last month when it raised $500 million in financing, losing its unicorn status. No company left the board in January.
There are currently over 1,500 companies on the board with a combined value of $5 trillion, although this is based on the most up-to-date company funding figures.
The new unicorn companies minted in January 2024 are:
artificial intelligence
Pure energy
Quantum
Healthcare
- Document.comfree telehealth platform providing primary care to uninsured and underinsured people, raised $300 million in funding led by Silver Rock. The 12-year-old company was valued at $1.3 billion. Based in Mexico, it has expanded into the US market.
Transport
- Transport company for students ForSilicon Valley-based raised $140 million in growth-stage financing led by Singapore’s sovereign wealth fund GIC. The 9-year-old company was valued at $1.3 billion. The service is deployed in 4,000 schools in the U.S., reducing costs for school districts, using artificial intelligence to optimize routes and providing parents with updates.
Web3
- A six-year-old cryptocurrency exchange based in Hong Kong HashKey Group raised $100 million in Series A financing price $1.3 billion. He managed the financing OKX venturesthe enterprise arm of the cryptocurrency exchange APPROX.
Semiconductor
AR/VR
- An organization that produces ready-to-wear mixed reality glasses Xreal — competitor for MetaQuest i AppleVision Pro – raised $60 million at a $1 billion valuation. Since its founding in 2017, the Beijing-based company has raised a total of $300 million. The primary investors weren’t disclosed.
Media and entertainment
- Sports media holding company Minute multimediabased in London has raised “tens of millions” in $1 billion in funding. After financing, the company took over STN videoCanadian sports broadcasting platform.
Methodology
The Crunchbase Unicorn Board is a curated list of personal unicorn companies with a post-money valuation of at least $1 billion, based on Crunchbase data. There are new companies added to the Unicorn Board after it reached $1 billion in funding round.
The unicorn board does not reflect internal company valuations – similar to 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 is not going to value the same company consistently in the same quarter.
Unicorn company financing includes all private financing of companies designated as unicorns, in addition to those who have since transformed into Coming out unicorn board.
Please note that every one financing amounts are in US dollars unless otherwise noted. Crunchbase converts foreign exchange 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.