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Fintech Leads For New Unicorns In August And Two Companies Prepare To Exit

Sep 11, 2023 - news.crunchbase.com
In August 2023, nine companies joined the Crunchbase Unicorn Board, three of which are in the financial services sector. Two of these unicorns, Instacart and Klaviyo, plan to go public in September, indicating a potential opening of the IPO market in 2024. The new unicorns are from various countries including the U.S., China, South Africa, Israel, Korea, Hong Kong, and India. The number of new unicorns in August 2023 is slightly lower than the 13 in August 2022, and significantly lower than the 47 in August 2021.

The companies that joined the Unicorn Board operate in various sectors including fintech, semiconductors, Web3, sales and marketing, AI, delivery, and manufacturing. These include South Africa-based MTN Group Fintech, Hong Kong-based Micro Connect, Korea-based Korea Credit Data, Shenzhen-based Runpeng Semiconductor, Palo Alto-based BitGo, San Francisco-based Apollo.io, Tel Aviv-based AI21 Labs, India-based Zepto, and Beijing-based Fullcryo. These companies have achieved a valuation of $1 billion or more through various funding rounds.

Key takeaways:

  • Nine companies joined The Crunchbase Unicorn Board in August 2023, with three of those companies in financial services.
  • Two highly valued unicorns, Instacart and Klaviyo, plan to go public in September, indicating a potential opening of the IPO market in 2024.
  • The new unicorns are from diverse geographical locations including the U.S., China, South Africa, Israel, Korea, Hong Kong, and India.
  • The companies that joined the Unicorn Board in August 2023 are from various sectors including Fintech, Semiconductors, Web3, Sales and Marketing, AI, Delivery, and Manufacturing.
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