6 new tech unicorns were minted in January 2025 | TechCrunch
Feb 20, 2025 - techcrunch.com
Despite a challenging venture capital market, new unicorns continue to emerge each month. As of the end of January, TechCrunch, using data from Crunchbase and PitchBook, identified several startups that achieved unicorn status. Notable companies include Hippocratic AI, a healthcare model startup valued at $1.6 billion after a $141 million Series B round, and Loft Orbital, a satellite company valued at $1 billion following a $170 million Series C round. Other unicorns include Kikoff, a personal finance platform valued at $1 billion, Netradyne, a computer vision startup valued at $1.35 billion, Truveta, a genetic research company valued at $1 billion, and Mercor, a contract recruiting startup valued at $2 billion.
These companies have attracted significant investments from prominent venture capital firms and individual investors. For instance, Kikoff has backing from Female Founders Fund and Steph Curry, while Mercor counts Jack Dorsey and Peter Thiel among its investors. The list of newly minted unicorns will be updated throughout the year, highlighting the ongoing activity and interest in the startup ecosystem despite the tight venture capital market.
Key takeaways:
Despite a tight venture capital market, new unicorns are still being created every month.
Healthcare and satellite space companies like Hippocratic AI and Loft Orbital are among the newly minted unicorns.
Startups like Kikoff, Netradyne, and Mercor have reached valuations of $1 billion or more through recent funding rounds.
Dominic-Madori Davis is a senior venture capital and startup reporter at TechCrunch, based in New York City.
