In March, fewer firms joined the unicorn club than in previous months. Despite a delayed IPO market, evidence of a slowdown in venture capital, and lower late-stage values, none went public. According to Crunchbase data, 34 new private startups were valued at $1 billion or more in a disclosed fundraising in March 2022, compared to 49 in February and 46 in January. The Unicorn Board's worth hit $4 trillion for the first time earlier this year. With 1,260 firms listed, it now has a total value of $4.3 trillion. The shrinking in unicorn emergence implies that the fundraising channels are turning away from the momentum in 2021 when startups raised money at higher valuations and often within months of previous fundings.
Here are ten unicorns from Crunchbase Unicorn Board that joined the unicorn club in 2022.
Miro offers a collaborative whiteboard platform designed to allow distributed teams to work effectively together. Support includes running brainstorming sessions and workshops, planning projects, and developing new products and services. Miro has over 7 million users and 20,000 paying customers, including 80% of the Fortune 100. At Hackquarters, it is one of our indispensable tools.
Yuga Labs is one of the savviest marketers of NFT brands. It is the creator of Bored Ape Yacht Club, a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Wylie Aronow and Greg Solano founded Yuga Labs.
GoCardless is the global leader in recurring payments. GoCardless's global payments network and technology platform take the pain of getting paid for businesses with recurring revenue. More than 40,000 businesses worldwide, from multinational corporations to SMBs, transact through GoCardless each month. The company processes $10bn of payments each year. GoCardless now has four offices in the UK, France, Australia, and Germany.
Phantom is a digital wallet reimagined for Defi and NFTs. Phantom makes it safe & easy for you to store, send, receive, stake, and swap tokens on the Solana blockchain. It was founded in 2021 and is based in San Francisco, California.
Viz helps physicians to identify anomalies in brain scans through machine learning. The company leverages advanced deep learning to communicate time-sensitive information about stroke patients straight to a specialist who can intervene and treat them. A CT scan uses deep learning algorithms to identify a suspected large vessel occlusion, a particularly disabling type of stroke and alerts the stroke team specialist within minutes.
Payhawk is a spending software that simplifies expenses, payments, and card spending for growing businesses. The platform enables financial officers and business owners to manage the entire spending lifecycle end-to-end. It collects and analyzes receipts, invoices, and card transactions to help stay in control of the budget with no paperwork for the employees. With its paperless corporate card linked to automated expense management, Payhawk provides a product on top of existing banks.
Scalapay is a credit payment method that allows users to purchase and pay it in three installments without interest. The company's online-store partners increase sales and the average value of orders when customers pay with Scalapay. It was founded in 2019 by Simone Mancini and Johnny Mitrevski.
Omada Health is a digital care company that offers innovative and clinically effective digital health programs to empower individuals to engage in their health and lead healthier lives. The program is personalized to meet each participant's unique needs as they evolve, ranging from diabetes prevention, type 2 diabetes management, hypertension, behavioral health, and musculoskeletal issues.
Firebolt is the cloud data warehouse for builders of next-gen analytics experiences. By combining modern architecture's benefits and ease of use with a sub-second performance at a terabyte-scale, Firebolt helps data engineering and dev teams deliver data applications that end-users love.
TravelPerk is a next-generation business travel booking and management platform for companies of any size. It is an all-in-one platform for booking business travel. Spark Capital backs TravelPerk, investors in Slack, Trello, and Twitter. The company is co-founded and funded by a team of entrepreneurial executives with deep market expertise, including leadership-level experience, as one of the successful players in the online travel industry.
*The source of the startup descriptions is Crunchbase.
January 27, 2023
January 25, 2023