SA国际传媒

FTX was the most highly valued unicorn to close, based on an analysis of SA国际传媒 data, followed by Pittsburgh-based self-driving startup , which shuttered in October as it was unable to raise new funds. Argo AI 鈥� funded by and 鈥� was last valued at $12.4 billion in July 2021 in a partnership funding with .

is the third most highly valued company to close. It was valued at $9 billion in a 2014 funding and shut down in September 2018.

And earlier this year, , another crypto lender, filed for bankruptcy聽 in July.

With bankruptcy proceedings and closures, the unicorn board鈥檚 value shifted down for the first time in three years; from $3.9 trillion to $3.8 trillion, a small proportion of its overall value.

Funding to unicorns

Unicorn companies raised $2.6 billion in November 2022, the lowest amount in recent years raised in a month by this cohort as global late-stage funding dropped precipitously.

Four new unicorns

• China-based electric vehicle company , a subsidiary of , raised its first funding, a $702 million Series A which valued Voyah at $4.2 billion. This is the sixth billion-dollar valued electric vehicle company out of China to raise funding this year.
• Semiconductor company , based in Santa Clara, California, raised a Series D funding of $150 million led by . The company was valued at $3.2 billion.
• EV charging business , based in Zurich, raised a financing of $209 million with participation from investment group , family office , and ABB E-Mobility chairman . The company is valued at $2.6 billion with plans to go public.
• Quantum computing company , based in Toronto, raised a $100 million Series C funding led by Canadian growth-stage investor which valued the company at $1 billion.

Exits slow

The value of the unicorn board is dented by these high-profile closures. However, the bigger impacts to the board鈥檚 current value were the inflated valuations and pace of new unicorns set in 2021 and into the first half of 2022.

On a more telling note, zero unicorn companies went public this past month. The single exit from the board was California-based , first valued as a unicorn in 2012. It was acquired by Milan-based app developer for an undisclosed amount.

SA国际传媒 Pro queries listed for this article

All SA国际传媒 Pro queries are dynamic, with results updating over time. They can be adapted by location and/or timeframe for analysis.

Unicorn queries

• (1,414)
• (703)
• (442)
• (193)
• (355)
• (408)
• ($120.5B)

Methodology

Funding rounds included in this report are seed, angel, venture, corporate-venture and private-equity rounds in venture-backed companies. This reflects data in SA国际传媒 as of Dec. 7, 2022.

The SA国际传媒 Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on SA国际传媒 data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Unicorns that close down or are in bankruptcy proceedings are removed from the current unicorn board. However, they are still counted in charts that show new unicorns by year and unicorn fundings raised over time.

Please note that all funding values are given in U.S. dollars unless otherwise noted. SA国际传媒 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 SA国际传媒 long after the event was announced, foreign currency transactions are converted at the historic spot price.

Illustration: Dom Guzman