Crunchbase Unicorn Board Tops $1 Trillion In Funding Raised
Jan 16, 2025 - news.crunchbase.com
The Crunchbase Unicorn Board reached a milestone with over $1 trillion in collective funding, listing 1,562 private, venture-backed companies with billion-dollar valuations by year-end. In 2024, 109 new unicorns joined, adding nearly $250 billion in value and $53 billion in funding, compared to 100 new unicorns in 2023, which added $145 billion in value. The U.S. led with 64 new unicorns, followed by China, India, and the U.K. Notable new unicorns include xAI, which doubled its valuation to $50 billion, and Databricks, which raised a $10 billion round at a $62 billion valuation.
In December 2024, AI was the leading sector for new unicorns, with companies like Vultr, Anysphere, and Liquid AI achieving unicorn status. Fintech and robotics also saw new unicorns, such as One and Narwal Robotics. Four companies exited the unicorn board in December, including ServiceTitan and Innoscience, which went public, and Coda, acquired by Grammarly. The Crunchbase Unicorn Board tracks private companies with valuations of $1 billion or more, excluding internal valuations and investor writedowns.
Key takeaways:
The Crunchbase Unicorn Board surpassed $1 trillion in collective funding, with 1,562 unicorns listed at year-end.
In 2024, 109 companies joined the unicorn board, adding nearly $250 billion in value and $53 billion in funding.
The U.S. led in new unicorns in 2024 with 64, followed by China with 16, and India with six.
Four companies exited the unicorn board in December 2024, with three going public and one being acquired.
