In the crop of 11 new companies to join The Crunchbase Unicorn Board in March 2024, a surprise sector took the lead: Three companies in the cryptocurrency and Web3 space became newly minted unicorns last month.
The board, which counts private companies with valuations of $1 billion or more, now has more than 100 current unicorns in this sector.
Last month also saw the first company from Uzbekistan join the board with Uzum, an e-commerce and payments platform.
Four of the new March unicorns are U.S. based, including IntraBio, which moved to the U.S. alongside its most recent funding. Other new unicorns in March hail from Czechoslovakia, the Cayman Islands, Singapore, China, India and Australia.
Many of the companies that became new unicorns in March raised funding well short of $100 million, which indicates smaller ownership stakes in these billion-dollar-valued companies than in such deals in previous times.
Let’s look at March’s new unicorn startups by sector.
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.
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. 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
Salesforce Ventures is an investor in Crunchbase. They have no say in our editorial process. For more, head here.↩
In the crop of 11 new companies to join The Crunchbase Unicorn Board in March 2024, a surprise sector took the lead: Three companies in the cryptocurrency and Web3 space became newly minted unicorns last month.
The board, which counts private companies with valuations of $1 billion or more, now has more than 100 current unicorns in this sector.
Last month also saw the first company from Uzbekistan join the board with Uzum, an e-commerce and payments platform.
Four of the new March unicorns are U.S. based, including IntraBio, which moved to the U.S. alongside its most recent funding. Other new unicorns in March hail from Czechoslovakia, the Cayman Islands, Singapore, China, India and Australia.
Many of the companies that became new unicorns in March raised funding well short of $100 million, which indicates smaller ownership stakes in these billion-dollar-valued companies than in such deals in previous times.
Let’s look at March’s new unicorn startups by sector.
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.
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. 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
Salesforce Ventures is an investor in Crunchbase. They have no say in our editorial process. For more, head here.↩