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In May, 13 companies joined The Crunchbase Emerging ÌÇÐÄÊÓƵ, a curated list of companies valued above $500 million but less than $1 billion. The board now has collectively valued at more than $200 billion.

The companies that joined in May 2022 hailed from seven countries. The U.S. led with four, followed by Canada with three, and India with two companies. In Europe, emerging unicorns joined the board from Germany, Sweden, Netherlands and the U.K.

Collectively, the 13 new emerging unicorns raised close to $1.3 billion last month, at a post money value of $9.2 billion. The investors’ ownership stakes range from 5% to 22% with an average of 14% across these companies.

No single sector dominated for companies that joined the emerging unicorn list in May with fintech and transport leading by amounts raised.

Here they are organized by amount raised by sector.

Fintech

• Colorado-based wealth management platform raised a $109 million Series D led by that valued the company at $842 million. The company was last valued less than a year ago at close to half that amount at $447 million in October.
• , a digital bank for Canadians, passed the 1 million customer mark. It raised a $144 million Series C led by that valued the company at $780 million. In Canadian dollars this round would make it a unicorn.

Transport

• , a Bangalore-based electric scooter company, raised a $128 million Series E led by Mumbai-based fund manager . This round valued the company at $900 million. The company raised its last funding round four months ago with $56 million from a corporate investor.
• Munich-based car subscription company raised its Series B of $110 million valued at $500 million led by . The firm also raised $720 million in debt funding. Its last funding was a $24 million Series A.
• E-commerce
• Bay Area-based is a shoppable video company. It raised a Series B led by of $150 million at a $750 million valuation.

Web3

• London-based , a digital assets trading infrastructure company in cryptocurrencies, raised its series A of $70 million led by and . The funding valued the company at $500 million.
• NFT marketplace , based in Los Angeles, raised a $50 million funding led by valuing the company at $600 million. This is the first investment we have in Crunchbase for , who closed her $1.5 billion fund in March of this year. The firm has since per Crunchbase data.

Analytics

• Amsterdam-based , a business decision intelligence platform, raised a $120 million Series E led by Miami-based which valued the company at $900 million. The company claims more than 1 million decision-makers rely on its products.

Security

• Toronto, Canada-based , a VPN company for engineering teams, raised a $100 million Series B led by and . The round valued Tailscale at $785 million.

Agriculture

• New Delhi-based provides sensors to farmers to optimize growing crops. It raised a $100 million Series B of $100 million which valued the company at $500 million. Investors include and .

Manufacturing

• Montréal, Canada-based , a manufacturing automation platform, raised a $95 million Series C led by existing investor , which also led the Series B in 2020. The new funding valued the company at $767 million. Vention serves 3,000 customers across five continents, according to the company.

Health care

• , a Bay Area-based heart health company, closed on its $70 million Series D led by . It was valued at $600 million in this round. In total the company has raised close to $140 million.

Logistics

• Last-mile delivery startup , based in Stockholm, raised a $41 million funding that valued the company at $743 million. Budbee operates in Sweden, Denmark, Finland, Belgium and the Netherlands. The company disclosed revenue around $85 million (80 million euros) in 2021.

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Methodology

The curated Emerging ÌÇÐÄÊÓƵ includes private companies with known valuations of $500 million or more but less than $1 billion, based on Crunchbase data. The list is updated whenever a new company reaches that valuation range or there is a change in valuation for a company already on the leaderboard. Companies that are subsequently valued at more than $1 billion will be removed from the board and promoted to The Crunchbase ÌÇÐÄÊÓƵ. Companies that exit will also be removed from the Emerging ÌÇÐÄÊÓƵ.

We’re working to make the Emerging ÌÇÐÄÊÓƵ a comprehensive resource for you to gain deeper insights into the companies that are likely to be the next unicorn companies.

Note: Please reach out to our Senior Data Editor Gené Teare at gene@crunchbase.com if you have any questions or feedback on The Crunchbase Emerging ÌÇÐÄÊÓƵ, or if you spot any data that’s missing or inaccurate.

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