The number of recent unicorns increased in July as 13 firms joined the Crunchbase Unicorn Board.
Nine of the latest herd were from the United States, joined by two healthcare firms from the U.K., a green energy company from China and a bike taxi startup from India.
Four of the latest unicorns last month were lower than three years old when they were valued at $1 billion or more, with one of them — a creator of foundational models for robotics — coming to market from a stealth market.
Healthcare/biotech firms took the lead, with three firms joining the board from that sector. The remaining sectors saw one newly minted unicorn each in July.
Who invested?
In this group of firms, several investors have greater than one portfolio company, which is impressive considering the small number. While the energetic investors were mostly based in Silicon Valley, only two of the latest unicorns are based in Northern California.
Sequoia Capital, Lightspeed Venture Partners AND Angel SV 1 each invested in three portfolio firms in this batch. Sequoia invested in the most rounds, seven across three portfolio firms.
Google Projects, US Innovative Technology Fund, General Catalyst, Founders Fund, Caffeine Capital and angel investor You live in Gil each of them has two portfolio firms in this group.
Here are the latest unicorns for July by sector.
VR AR
- Infinite Realitycreator of immersive 3D environments, has raised $350 million in funding at a $5.1 billion valuation from an undisclosed multifamily firm. The five-year-old Connecticut-based company has acquired London-based LandVaultgame monetization platform, for $450 million.
Healthcare and Biotechnology
- Elements BiologyDNA sequencing biotech company enabling genetic evaluation raises $277 million in Series D round led by Wellington Management. The 7-year-old San Diego-based company has been valued at $1 billion. Its clients include academia, biotech, cancer research and agriculture. as announced.
- Based in London Flo Healthwomen’s health app raises $201 million in Series C funding led by General of the Atlantic. The 8-year-old company has been valued at $1 billion. Flo has 70 million monthly energetic users and 5 million paid subscribers.
- Based in London Aredistant patient monitoring service, raised $80 million in Series D. Launched Huma Cloud, with regulatory approval to enable other services to offer digital monitoring and data collection. The 13-year-old company was valued at $1 billion.
Robotics
- Separate AIgot here out of hiding with a foundational model for robotics. It closed on a $300 million Series A led by Bezos’s Expeditions, Coat, Lightspeed Venture Partners AND SoftBankParticipating investors include: Happy 2Sequoia Capital, Menlo EnterprisesGeneral catalyst, CRVHoly Angel Carnegie Mellon Universityand Amazon Industrial Innovation Fund and Amazon Alexa FundThe Pittsburgh-based company has been around for a yr and has been valued at $1.5 billion.
Professional services
- Legal service based on artificial intelligence Harvey raised $100 million in Series C funding led by Google Projects. The two-year-old San Francisco-based company was valued at $1.5 billion. The company raised seed capital through Series C funding over the course of two years, and its Series B seed funding was led by OpenAI Startup FundSequoia Capital and Little Perkinsappropriately.
Energy
- Based in China LONGi Hydrogen Energygreen hydrogen company raised $138 million in Series A funding. The three-year-old company was valued at $1.4 billion.
Privacy and security
Media
- CosmosLos Angeles-based entertainment company raised $250 million from private investors and family offices. The 4-year-old company was valued at $1 billion.
Logistics
- Supply Chain Management Company Bower raised $200 million in Series C funding led by US Innovative Technology Fund. Its clients include governments and businesses required to maintain up with trade restrictions and enable purchases. The five-year-old company, headquartered in New York, has been valued at $1 billion.
Financial Technology
- Based in Burlingame, California Avenbank card offering rates tied to home equity lines of credit, raised $142 million in Series D funding led by General Catalyst AND Khosla’s venturesThe 5-year-old company was valued at $1 billion.
Defense technology
Transport
- Based in Bangalore FastThe bike taxi company raised $119 million in Series E funding, led by Westbridge CapitalThe 8-year-old company was 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 — similar to those determined through the 409a process for worker stock options — because those are different from the valued funding round and are more prone 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.