In June 2024, 4 firms joined the Crunchbase Unicorn Board, the lowest number this year.
The 4 latest firms are based in the US and, surprisingly, are not affiliated with the generative sector. Each was also well-established—about 8 or 9 years old when they were valued at $1 billion.
Half-yearly update
There are 56 latest unicorns in 2024, as of the half-year. That’s a bit greater than the 50 latest unicorns in H1 2023 and 47 in H2. New unicorn firms have added $104 billion in value to the board so far in 2024 and have collectively raised about $22 billion during that point. Elon Musk‘S xAI single-handedly increased value by $24 billion.
Of these, 28 are based in the US, while 10 are based in China. The next highest regions included two latest unicorns each from France, the UK, Hong Kong, India, and Singapore.
Here are the latest unicorns for June by sector.
Cybersecurity
Sales and Marketing
Media and entertainment
- Based in Los Angeles Create a music groupA 9-year-old company that helps music artists generate royalties Youtube and other social media platforms have raised $165 million in growth funding led by private equity firm Ford flex point which valued it at $1 billion.
biotechnology
- Based in Silicon Valley A billion to onegenetic testing diagnostics company raises $130 million in Series D round led by multifamily office RewardsInvestThe 8-year-old company is valued at $1 billion.
Methodology
The Crunchbase Unicorn Board is a curated list of privately held unicorn firms with post-money valuations of $1 billion or more, based on Crunchbase data. The latest firms are added to the Unicorns board when they reached $1 billion in funding round.
Unicorn management does not reflect internal valuations of the company — resembling those determined through the 409a process for worker stock options — because those are different from the valued funding round and are more more likely to be lower. We also do not adjust valuations based on investor write-offs, which change quarterly, because different investors is not going to value the same company consistently in the same quarter.
Unicorn funding includes any private funding for firms that are designated as unicorns, in addition to those who have already achieved unicorn status. Discontinued unicorn board.
The exits analyzed here include only the company’s first exit.
Please note that every one funding values are reported in US dollars unless otherwise noted. Crunchbase converts foreign currency to US dollars at the prevailing spot rate from the date that funding rounds, acquisitions, IPOs, and other financing events are reported. Even if these events are added to Crunchbase well after the event is announced, foreign currency transactions are converted at the historical spot price.