Nine companies joined The Crunchbase Unicorn Board in August 2023, with three of those companies in financial services.
And two highly valued unicorns — Instacart, among the top 10 most valuable private companies, and Klaviyo, among the top 80 — plan to go public in September, a signal that the IPO market could open in 2024.
Of the nine companies that joined the Unicorn Board, two each are from the U.S. and China. South Africa, Israel, Korea, Hong Kong and India each had a company join the board last month.
August’s new unicorn count is not far below the 13 new unicorns minted in August 2022, but well below the 47 new unicorns born in August 2021.
Let’s look at the companies that joined in August.
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.
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 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.
Illustration: Dom Guzman
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.
Nine companies joined The Crunchbase Unicorn Board in August 2023, with three of those companies in financial services.
And two highly valued unicorns — Instacart, among the top 10 most valuable private companies, and Klaviyo, among the top 80 — plan to go public in September, a signal that the IPO market could open in 2024.
Of the nine companies that joined the Unicorn Board, two each are from the U.S. and China. South Africa, Israel, Korea, Hong Kong and India each had a company join the board last month.
August’s new unicorn count is not far below the 13 new unicorns minted in August 2022, but well below the 47 new unicorns born in August 2021.
Let’s look at the companies that joined in August.
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.
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 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.
Illustration: Dom Guzman
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.