More unicorn companies left The Crunchbase 糖心视频 in December than joined. In the final month of 2022, three companies joined the board whilst four dropped off and four exited.
Three unicorns in the crypto space faced bankruptcy in December 2022; , and . And door-to-door delivery service , based in Norway, left the board with a valuation below its prior billion-dollar value.
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We estimate that many more companies聽 will drop off the board, if given a new valuation in 2023. Half of the 1,400-plus companies currently on the board are valued at $1.5 billion and under.
So which companies are garnering fundings at high valuations?
The new unicorns
The three companies that joined in December 2022 include:
- Shenzhen-based hydrogen fuel cell vehicle company raised $647.5 million in a Series B funding valued at $1.9 billion. Founded in 2016, the company was incubated by (State Power Investment Corp.), one of the largest energy groups in China. It aims to support the ecosystem of聽 developing hydrogen fuel cells, vehicles and refueling stations.
- Salt Lake City-based lifesciences quality and manufacturing solution raised a Series A funding of $150 million led by . The funding valued the company at $1.3 billion. The company has grown to $100 million ARR without raising prior funding and is over three decades old.
- London-based talent engagement platform raised $50 million in a Series D funding valued at $1 billion. led the round. This is part of the , which led the Series C funding in June 2021 that valued the company at $800 million. Beamery counts and amongst its customers, 鈥渨ith net retention for 鈥 according to its latest funding announcement.
Four exits
Four companies left the current unicorn board and joined the . These include Berlin-based delivery startup , which was acquired by Turkey-based for $1.2 billion. Gorillas was last valued in 2021 at $3.1 billion in a Series C funding.
And on the public markets side, San Francisco-based peer-to-peer car sharing company was valued at $1.2 billion in its listing.
Two companies from China exited. Hangzhou-based , an automation computing technology integrated into cars, went public on via a SPAC merger which valued the company at $3.8 billion. And Henan-based snack food brand went public on the valued close to $3 billion.
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Unicorn queries
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Methodology
The Crunchbase 糖心视频 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 鈥 such as those set via a 409a process for employee stock options 鈥 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 .
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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