Meet the New Unicorns Minted in October 2022

Fourteen companies joined The Crunchbase Unicorn Board in October as late-stage funding plummeted around the world.

The new unicorns together added $36 billion in board value, according to an analysis of Crunchbase data. Financial services led the way with three new companies joining the list. Web3 and artificial intelligence startups were finalists by number of companies.

Of the 14 companies, seven raised funds in 2021. Risk insurance platform Vesttoo announced a start via Series B funding in 2021. And AI content creation company Jasper was also founded on last year, making the startup the youngest company in this cohort.

Here are the most recent companies valued in private financing at $1 billion or more as of October 2022.

Financial services

• Tokyo-based online brokerage Rakuten Securities, a subsidiary of e-commerce company Rakuten, raised $552 million at a valuation of $2.8 billion from Mizuho Financial Group.
• Indonesian company FinAccel, parent company of Kredivo startup Buy Now, Pay Later, raised a $140 million Series D round with a valuation of $1.7 billion. FinAccel lifted the round, led by India-based global asset manager Mirae Asset, instead of going public through a special-purpose acquisition company.
• Tel Aviv-headquartered Vesttoo Insurance Risk Management raised an $80 million Series C round led by Mouro Capital. The company was valued at $1 billion. With this round, the valuation of Vesttoo has tripled compared to that of its series B raised at the end of 2021, also led by Mouro as well as MS&AD Ventures.

Web3

• New York-based cryptocurrency exchange Uniswap has raised a $165 million Series B round led by cryptocurrency investor Polychain. The financing valued the company at $1.7 billion.
• Liechtenstein-based blockchain ledger firm Celestia raised a $55m Series A led by Bain Capital Crypto and Polychain at a $1bn valuation.

AI

Transportation

• Guangzhou-based GAC Aion New Energy Automobile raised a $2.5 billion Series A strategic investment that valued it at $14.3 billion, making it the world’s largest private electric vehicle company. popular in China.

Software

Mining

Immovable

Health care

• New York State medical device company Equashield has raised a secondary financing led by Nordic Capital that has valued it at $1.3 billion. The company manufactures medical devices that protect healthcare workers from exposure to hazardous drugs.

Material

• New Delhi-based wearable and audio technology company boAt has raised $60 million from existing investors and delayed its IPO. The financing valued the company at $1.2 billion.

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Unicorn Queries

Methodology

The funding rounds included in this report are seed, angel, venture capital, venture capital, and venture capital backed venture capital rounds. This reflects Crunchbase data as of November 4, 2022.

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 data from Crunchbase. New companies are added to the Unicorn board when they reach the $1 billion valuation mark in a funding round.

Funding for unicorn companies includes all private funding to companies that are labeled as unicorns, as well as those that have since graduated from the Exited Unicorn Board.

Please note that all funding values ​​are given in US dollars unless otherwise stated. Crunchbase converts foreign currency to US dollars at the spot rate in effect as of the date funding rounds, acquisitions, IPOs, and other financial events are reported. Even though these events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historical spot price.

Illustration: Dom Guzman