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7 Unicorns Arrived And 2 Exited In January 2023 

Illustration of a unicorn

In the first month of 2023, seven companies joined The Crunchbase Ƶ — the third month in a row for new unicorns to number in the single digits.

Three of the new unicorns are U.S. startups, with two hailing from Dallas. China provided another three, and the final company is from Germany.

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Dallas-based genetic de-extinction startup , founded in 2021, is the youngest in this new cohort. The oldest debut is by China’s solar science company , founded in 2006. The sectors represented include energy, health care, semiconductor and artificial intelligence.

M&A transactions lead

Zero unicorn companies went public in January, but two companies were acquired. They include Shanghai-based electric-vehicle company , acquired by Hong Kong-based public company for $2 billion. WM Motor was , and had a $5 billion valuation in 2017.

Chicago-based property management company was acquired by Arizona-based for $950 million, close to its 2016 funding led by that valued the company at $1 billion.

Here are the companies that joined the board in January 2023.

Energy

  • San Francisco-based , an energy infrastructure and commodities research platform, raised a $125 million round led by and Goldman Sachs that valued the company at $2 billion. Xpansiv also announced the acquisition of New York state-based for an undisclosed amount.
  • Anhui, China-based raised a $295 million Series B, valuing the company at $1.5 billion. The round was led by .
  • Hangzhou, China-based raised a $220 million Series B valued at $1 billion led by .

Biotech and health care

  • Dallas-based , a scheduling and credentialing platform for health care workers, raised a $300 million funding at a $2 billion valuation led by .
  • Extinct species restoration company , also based in Dallas, raised a Series B funding of $150 million led by that valued the company at $1 billion. The company uses CRISPR technology and gene editing, which will have a broader impact around health and food production.

Semiconductor

  • Yunnan, China-based raised a $178 million funding round, valuing it at $1.5 billion.

Artificial intelligence

  • Cologne, Germany-based , an AI language translation company, raised $100 million at a $1.1 billion value, led by Silicon Valley-based . led its Series A in 2018 and Berlin-based led its seed round in 2010.

Unicorn queries

  • (1,436)
  • (715)
  • (450)
  • (192)
  • (366)
  • (418)
  • ($129B)

Methodology

The Crunchbase Ƶ 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 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 .

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

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