New unicorn counts jumped in July, as 13 companies joined The ¸½½üÉÏÃÅ ¸½½üÉÏÃÅ.
Nine of the new herd came from the U.S., while two healthcare companies joined from the U.K., a green energy company from China, and a bike taxi startup from India.
Four of the new unicorns this past month were under 3 years old at the time they were valued at or above $1 billion with one — a foundation model developer for robotics — launching out of stealth.
Healthcare/biotech companies took the lead with three companies that joined the board from this sector. Other industries each counted a single newly minted unicorn in July.
Who invested?
Across this group of companies a few investors have more than one portfolio company, which is impressive given the small count. While active investors were largely Silicon Valley-based, only two of the new unicorns are headquartered in Northern California.
, and 1Â each invested in three portfolio companies across this batch. Sequoia invested in the most rounds with seven across its three portfolio companies.
, , , , and angel investor each have two portfolio companies across this cohort.
Here are the new unicorns in July by sector.
VR AR
- , a creator of 3D immersive environments, raised a $350 million funding at a $5.1 billion valuation from an undisclosed multifamily office. The 5-year-old Connecticut-based company acquired London-based , a platform creating 3D digital twins for physical environments, for $450 million.
Healthcare and biotech
- , a DNA sequencing biotech company enabling genetic analysis, raised a $277 million Series D led by . The 7-year-old San Diego-based company was valued at $1 billion. Its customers include academia, biotech, cancer research and agriculture .
- London-based , a women’s health app, raised a $201 million Series C led by . The 8-year-old company was valued at $1 billion. Flo has 70 million monthly active users and 5 million paid subscribers.
- London-based , a remote patient-monitoring healthcare service, raised an $80 million Series D. It launched the Huma Cloud Platform, with regulatory approval to allow other services to provide digital monitoring and data collection. The 13-year-old company was valued at $1 billion.
Robotics
- , came out of stealth with a foundation model for robotics. It closed on a $300 million Series A led by , , and. Investors participating include 2, Sequoia Capital, , General Catalyst, , SV Angel, , and the and the . The Pittsburgh-based company is a year old and was valued at $1.5 billion.
Professional Services
- AI native legal tech service raised a $100 million Series C led by . The 2-year-old San Francisco-based company was valued at $1.5 billion. The company has raised seed through Series C funding in under two years with seed through Series B led by the , Sequoia Capital and , respectively.
Energy
- China-based , a green hydrogen company, raised a $138 million Series A funding. The 3-year-old company was valued at $1.4 billion.
Privacy and security
- Seattle-based , a provider of security for open source software, raised a $140 million Series C led by, and . The 2-year-old company was valued at $1.1 billion. The seed, Series A and Series B were led by , Sequoia Capital and .
Media
- , an event venue entertainment company based in Los Angeles, raised $250 million from private equity and family offices. The 4-year-old company was valued at $1 billion.
Logistics
- Supply chain management company raised a $200 million Series C led by . Its customers are governments and enterprises required to keep up to date with trade restrictions and enable procurement. The New York-based 5-year-old company was valued at $1 billion.
Fintech
- Burlingame, California-based , a credit card that provides rates tied to home equity lines of credit, raised a $142 million Series D led by and . The 5-year-old company was valued at $1 billion.
Defense tech
- , a defense technology company that builds unmanned surface vehicles for maritime use, raised a $175 million series B led by . The Austin-based 2-year-old company was valued at $1 billion.
Transportation
- Bangalore-based , a bike taxi company raised a Series E of $119 million led by . The 8-year-old company was valued at $1 billion.
Methodology
The ¸½½üÉÏÃÅ ¸½½üÉÏÃÅ is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on ¸½½üÉÏÃÅ data. New companies are as they reach the $1 billion valuation mark as part of a funding round.
The unicorn board does not reflect internal company valuations — such as those set via a 409a process for employee stock options — as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.
Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .
Exits analyzed here only include the first time a company exits.
Please note that all funding values are given in U.S. dollars unless otherwise noted. ¸½½üÉÏÃÅ 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 ¸½½üÉÏÃÅ long after the event was announced, foreign currency transactions are converted at the historic spot price.
Related ¸½½üÉÏÃÅ unicorn lists:
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- (491)
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- (389)
- (466)
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