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Meet The 32 New Unicorns That Joined The Board In June 2022

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Despite ongoing concerns about overvalued private companies, and a stymied public market for new debuts, new billion-dollar valued companies are still joining The Crunchbase Unicorn Board. Thirty-two companies joined the board in June, around three companies every two working days.

Of the companies that joined the Unicorn Board last month, London-based payments company SumUp leads the pack with the largest funding raise, $623 million, and the highest valuation, $8.5 billion. Collectively, this batch of 32 companies raised $4.5 billion last month.

The company with the earliest funding stage to unicorn is India-based edtech Physics Wallah, which raised $100 million in a Series A round. The profitable company provides low-cost test-prep classes.

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The most active lead investors in these billion-dollar valued rounds include Goldman Sachs Asset Management with three investments, and Craft Ventures and Westbridge Capital, each with two investments.

Across these companies, Y Combinator has the highest count with four portfolio companies, all via its accelerator program at seed-stage fundings.

Marketing and professional services leads with the largest count of companies followed by financial services and cybersecurity companies.

Here are the companies, organized by sector.

Marketing and professional services

Financial services

  • London-based point-of-sale payments company SumUp raised $623 million in a round led by Bain Capital Tech Opportunities, which valued it at $8.5 billion.
  • Banking software enterprise solution Backbase raised a private equity funding of $128 million. Motive Partners led the round, valuing the Netherlands-based company at $2.6 billion.
  • Real-time compensation platform Pave, based in San Francisco, raised a $100 million Series C. Pave was valued at $1.6 billion after the round led by Index Ventures.
  • Ecuador-based Kushki, an e-commerce payment solution, raised a $100 million Series B led by Kaszek, which valued the company at $1.5 billion.
  • Insurance provider Branch, based in Columbus, Ohio, raised a $147 million Series C valued at $1.1 billion and led by Weatherford Capital.

Privacy and security

  • Security compliance company Vanta, based out of San Francisco, raised a $110 million Series B led by Craft Ventures which valued the company at $1.6 billion.
  • Boston-based Immuta, a company that secures cloud data, raised a $100 million Series E valued at $1 billion and led by cybersecurity VC firm NightDragon Security.
  • Tel Aviv-based Perimeter 81, a secure network company for a distributed workforce, raised a $100 million Series C valued at $1 billion and led by B Capital Group.
  • Security and compliance company JupiterOne, based in North Carolina, raised a $70 million Series C valued at $1 billion and led by Tribe Capital.

Sustainability

Health care

  • Nashville, Tennessee-based health care service CareBridge raised a $140 million funding valued at $1 billion and led by Oak HC/FT.
  • Developer of diagnostic devices Visby Medical, based in San Jose, raised a $135 million Series E which valued the company at $1.06 billion. Although the Series E was first announced in March, the valuation was not disclosed until the company announced its Series E extension in late June.

Web3

Real estate

Semiconductor

Cloud computing

  • Cloud computing company Jaguar Microsystems from Shenzhen raised a $15 million Series B led by Tencent, valuing the company at $1.3 billion.

Wireless infrastructure

Edtech

  • India-based Physics Wallah, an edtech platform that provides live and online classes and has helped more than 6 million students according to its announcement, raised a $100 million Series A valued at $1.1 billion. The funding was led by GSV Ventures and Westbridge Capital.

Manufacturing

  • Sustainable textile company Recover from Spain, raised a $100 million funding led by Goldman Sachs Asset Management which valued it at $1.1 billion.

Food and Beverage

  • Tampa, Florida-based beverage company Cirkul raised a $70 million Series C valued at $1.1 billion led by New York-based PE firm SC.Holdings.

E-commerce

  • Mumbai-based Purplle, an online store for cosmetics, raised a $33 million Series E valued at $1.1 billion led by South Korea-based Paramark Ventures.

Robotics

Logistics

  • Chicago-based FourKites, a supply chain visibility platform, raised a corporate round led by FedEx valuing the company at $1 billion. The funding amount was not disclosed.

Methodology

The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data. New companies are added to the Unicorn Board as they reach the $1 billion valuation mark as part of a funding round.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to The Exited Unicorn Board.

Please note that all funding values are given in U.S. dollars unless otherwise noted. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historic spot price.

Correction: Visby Medical’s funding was updated to reflect its full Series E of $135 million. 

Illustration: Dom Guzman

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