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The Fintech Sector Trotted The Most New Unicorns Onto Our Board In November

Dec 08, 2023 - news.crunchbase.com
In November, nine companies joined The Crunchbase Unicorn Board, adding $11.7 billion in value to the board. The new unicorns were from various sectors, with financial services dominating the list. The companies were from across the globe, with two each from the U.S. and China, and one each from the U.K., India, Saudi Arabia, and the Cayman Islands.

So far in 2023, 86 companies have joined Crunchbase’s unicorn list, compared to 318 in 2022 and 617 in 2021. The new unicorns include Saudi Arabia's shopping app Tabby, London-founded rebate management tool Enable, India's lending platform InCred, Cayman Islands-based blockchain messaging tool Wormhole, China's Xingji Meizu, U.K.'s sportswear brand Castore, Israel's cybersecurity firm BioCatch, Beijing's AI company 01.AI, and China's smart-device developer Rokid.

Key takeaways:

  • In November, nine companies joined The Crunchbase Unicorn Board, adding $11.7 billion in value. The majority of these companies were in the financial services sector.
  • Two new unicorns each joined from the U.S. and China, while the U.K., India, Saudi Arabia, and the Cayman Islands each contributed one.
  • So far in 2023, 86 companies have joined Crunchbase’s unicorn list, compared to 318 in 2022 and 617 in 2021.
  • The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data.
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