Four companies joined The Crunchbase Unicorn Board in June 2024, the lowest count so far this year.
The four new additions are U.S.-based and amazingly not tied to the generative sector. Each company also was well established — being around 8 to 9 years old by the time they were valued at a billion dollars.
Half-year update
New unicorns in 2024 total 56 as of the half-year mark. This was a bit higher than the 50 new unicorns in H1 2023 and the 47 in H2. The new unicorn companies so far in 2024 added $104 billion in value to the board and have collectively raised around $22 billion over time. Elon Musk’s xAI singlehandedly added $24 billion in value.
Of these, 28 companies are U.S.-based and 10 are from China. The next highest regions included two new unicorns each from France, U.K., Hong Kong, India and Singapore.
Here are the new unicorns in June by sector.
Cybersecurity
Sales & Marketing
Media & Entertainment
- Los Angeles-based Create Music Group, a 9-year-old company that helps musical artists get royalty revenues across YouTube and other social platforms, raised a $165 million growth funding led by private equity firm Flexpoint Ford which valued it at $1 billion.
Biotechnology
- Silicon Valley-based BillionToOne, a diagnostic company for genetic testing, raised a $130 million Series D led by multifamily office PremjiInvest. The 8-year old company was valued at $1 billion.
Related Crunchbase unicorn queries:
Methodology
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. New companies are added to the Unicorn Board as they reach the $1 billion valuation mark as part of a funding round.
The unicorn board does not reflect internal company valuations — such as those set via a 409a process for employee stock options — as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.
Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to The Exited Unicorn Board.
Exits analyzed here only include the first time a company exits.
Please note that all funding values are given in U.S. dollars unless otherwise noted. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historic spot price.
Illustration: Dom Guzman
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