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Even as global venture funding fell for the second consecutive month in 2022, 34 companies joined The ¸½½üÉÏÃÅ ¸½½üÉÏÃÅ in May, raising a median of $118 million in their latest funding.

This cohort of new unicorn companies added $57 billion in value to the board, according to a ¸½½üÉÏÃÅ News analysis.

One company, Seychelles-based crypto exchange catapulted directly to a decacorn value as a new unicorn.

Let’s meet the companies:

Financial services

• , a London-based payments infrastructure company for SaaS companies, raised a $200 million Series D led by .
• New York-based , a provider of infrastructure for capital markets, raised a $165 million Series B led by .
• Auto-refinance company , based in Washington, D.C.,  raised a $115 million Series C led by . Goldman Sachs also led its Series B funding of $50 million.
• Tokyo-based raised a $120 million Series C. The company provides digital solutions for e-commerce payments.
• , a Brazil-based company that integrates card issuing and core banking services, raised a $110 million private equity round led by and .
• New York-based , which helps companies integrate fintech features into their products, raised a $100 million Series C led by .
• , an Irish-based B2B payment platform, raised a $70 million Series C led by pension fund .
• Bangalore-based , a neobank for small business, raised a $50 million Series D led by financial services firm .

Energy and sustainability

• , a Woodinville, Washington-based battery materials company, raised a $400 million Series C led by .
• Washington, D.C.-based , a company decarbonizing the grid, raised a $200 million Series E led by .
• , a Stockholm-based developer of lithium batteries for telecom, raised a $97 million funding led by pension fund .

Privacy and security

• San Francisco-based email security company raised a $210 million Series C valued at $4 billion led by Insight Partners.
• , an enterprise identity protection provider based out of New Jersey, raised a $200 million Series C led by KKR.
• Oakland-based , which provides engineers secure access to infrastructure, raised a $110 million Series C led by ​​.
• , an email security company based in the Bay Area, raised a $100 million Series C led by .

Cryptocurrency

• Seychelles-based KuCoin, a cryptocurrency exchange, raised a  -led $150 million Series B valued at $10 billion.
• , a Hong Kong-based cryptocurrency financial service provider, raised an $80 million Series B valued at $2 billion. The round was led by and .
• Crypto trading platform , based out of New York, raised a $105 million Series B led by .

Professional Services

• , a Denver-based global HR management and payment platform, raised a $400 million Series B led by and .
• Bay Area-based , a work assistant for companies that connect their apps, raised a $100 million Series C led by .
• New Jersey-based , which helps companies manage talent, raised funding led by . The amount of the funding was not disclosed.

Data and analytics

• Data observability platform , based in San Francisco, raised a $135 million Series D led by .
• , a Bay Area-based real-time analytics company, raised a $100 million Series D led by .

Real estate

• , a Colombia-based real estate platform, raised a $200 million Series C led by and .
• Florida-based design samples company , raised a $175 million Series D led by .

Transportation

• Electric vehicle builder , based in Croatia, raised a $537 million Series D valued at $2.1 billion. The round was  led by Goldman Sachs and the.
• Tel Aviv-based public transportation platform raised a $100 million Series D. Investors in the round include Insight Partners and Bessemer Venture Partners.

Commerce and shopping

• Seoul-based , an e-commerce platform for home goods, raised a $182 million Series D. Investors include and .
• , a Bay Area-based touchless checkout system, raised a $63 million Series B led by .

Software

• New York-based , a machine-learning models company, raised a  -led $100 million Series C valued at $2 billion.
• , a company based out of San Francisco that helps employees procure business services, raised a $43 million Series B led by .

Biotechnology

• Bay Area-based , which maps the human genome, came out of stealth with a $600 million funding—the largest for this list of new unicorns. Its investors include and Founders Fund.

Logistics

• , a Mexico-based freight forwarder, raised a $150 million Series C led by SoftBank Latin America Ventures.

Hardware

• Oslo-based , a paper tablet company, raised a funding having sold 1 million devices. Neither the were disclosed.

By the numbers

The earliest funding stage for these companies to reach a billion-dollar valuation was at Series B, when seven of May’s new unicorns were minted. All three companies in crypto became unicorns at Series B.

And of this list, climate tech company Arcadia has the highest count of investors, at 31.

The average funding round raised over time for these new entrants was $261 million.

Active investors

Lead investors in these companies include venture, PE firms and hedge funds as well as pension funds such as and , and corporate investors like .

The most active investors in this cohort of companies are with seven portfolio companies, with five companies, and accelerator and , each with four portfolio companies.

Tiger Global was the most active in round counts, having invested in 13 funding rounds, an indicator that the firm has invested in all of these portfolio companies in advance of their $1 billion valuations.

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