UK leads with 3 companies joining Emerging Unicorn Board in June 2022

In June, 12 companies joined the Crunchbase Emerging Unicorn Board, a curated list of companies worth more than $500 million but less than $1 billion. The council now hosts 346 companies valued at more than $236 billion. 1

The UK leads the pack with three new emerging unicorns, followed by India with two. The United States, Canada, China, Singapore, Israel, Iceland and Sweden each had a new company on the Emerging Unicorn Board.

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Together, these emerging unicorns raised $1.2 billion last month and were collectively valued at $8.2 billion. Financial services was the sector with the most new companies on the list in June, followed by data and analytics.

Here are the companies organized by sector.

Financial services

  • Juni, based in Sweden, helps e-commerce companies grow their business with fintech services. Juni closed a $100 million Series B valuation valuing the company at $800 million. The funding was led by Mubadala Capital Ventures.
  • New Delhi-based credit card issuer Stashfin raised a $70 million Series C round that valued it at $750 million. The company says it is on track to issue 100,000 cards a month to those who were previously excluded from these services. With this funding, Stashfin plans to expand into Southeast Asia. The funding was led by global investors Abstract Ventures, Fasanara Capital and Uncorrelated Ventures.
  • Entrepreneur First, headquartered in London, brings together founders to build the next generation of technology companies. The team raised a Series C round of $158 million, valuing the business at $560 million. Some $100 million will be allocated for investment and the rest for building its global team.
  • London-based but initially focused on the US market, Gen Z financial wizard Cleo raised an $80m Series C round that valued the company at $500m. The financing was led by Brussels-based Sofina.

Data and analytics

  • San Francisco-based data observability platform Coralogix raised a $142 million Series D round that values ​​the company at $950 million. The funding was led by growth investors Advent International and Brighton Park Capital.
  • London-based Codat provides APIs for small business data used by fintech and SaaS companies. Codat raised a $100m Series C round led by JPMorgan Partners with participation from Plaid and Shopify. The financing valued the company at $825 million.
  • Toronto-based data management firm Ataccama has raised $150 million in funding led by Bain Capital Tech Opportunities. It was valued at $550 million.

Health care

  • Chinese diabetes treatment company Huisheng Biopharmaceutical closed its $75 million Series A, valuing the company at $748 million.
  • Icelandic regenerative tissue company Kerecis has raised $50 million in funding valued at $550 million. The funding was led by LEGO manufacturer Kirkbi.

E-commerce

  • Singapore-based e-commerce loyalty platform ShopBack has raised an $80 million Series F round led by Singapore-based Asia Partners Fund Management. The financing valued the company at $555 million.

edtech

  • India-based Leap, a funding and guidance platform for international students, has raised a $75m Series D round led by edtech investor Owl Ventures. The financing valued the company at $900 million.

Diffusion

  • Israel-based Pixellot, a non-professional sports hardware and video streaming platform, raised $161 million in Series D at a $500 million valuation. The funding was led by Boston-based Providence Strategic Growth.

Switch to unicorns

Six companies transitioned from emerging to unicorn consulting last month. These are London-based Multiverse, Ecuador-based Kushki, US-based Vanta, South Korea-based ZigBang, Israel-based Vayyar, and India-based Purplle. The majority of these companies raised funds in 2021.

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Methodology

The Crunchbase Emerging Unicorn Board organized by Crunchbase includes private companies with known valuations of $500 million or more but less than $1 billion, based on Crunchbase data. The list is updated each time a new company reaches this rating range or there is a change in rating for a company already in the ranking. Companies that are subsequently valued at over $1 billion will be removed from the board and promoted to the board of The Crunchbase Unicorn. Companies that exit will also be removed from the Emerging Unicorn Council.

We strive to make the Emerging Unicorn Board a comprehensive resource for you to learn more about companies that may be the next unicorns.

Note: Please contact our Data Editor Gené Teare at [email protected] if you have any questions or comments about the Crunchbase Emerging Unicorn Board, or if you spot any missing or inaccurate data.

Illustration: Dom Guzman

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