However, most unicorn exits in May were below their last private values. Notable exits include Zeekr, an electric vehicle company that went public on the NYSE at a $5.2 billion value, and Digit Insurance, which listed at a $3 billion value on the BSE and NSE exchanges in India. BioCatch, a biometric intelligence company, was acquired by Permira for $1.3 billion, marking the only exit above its last private value.
Key takeaways:
- Six companies joined The Crunchbase Unicorn Board in May 2024, with the largest new entrant being xAI, which raised $6 billion and was valued at $24 billion.
- Most of the unicorn exits in the past month were below their last private values, with exceptions like BioCatch, which was acquired for $1.3 billion, above its last private value.
- Several companies already at unicorn valuations raised billion-dollar funding rounds at higher values, including CoreWeave, Scale AI, Wiz and Wayve.
- So far in 2024, around 50 new unicorns have joined the board, adding close to $100 billion in value.