New Unicorns Emerge Despite Tight Venture Capital Market

Taylor Brooks

Taylor Brooks

February 20, 2025 · 3 min read
New Unicorns Emerge Despite Tight Venture Capital Market

Despite the ongoing challenges in the venture capital market, new unicorns are still being created at a rapid pace. According to data from Crunchbase and PitchBook, several startups have achieved unicorn status so far this year, with healthcare and satellite space companies featuring prominently on the list.

The list of newly minted unicorns includes Kikoff, a personal finance platform that has raised $42.5 million to date and is valued at $1 billion. Founded in 2019, Kikoff counts Female Founders Fund, Lightspeed Venture Partners, and basketball star Steph Curry among its investors.

Another notable addition to the list is NetraDyne, a computer vision startup that has raised $90 million in its series D round, valuing it at $1.35 billion. Founded in 2015, NetraDyne's investors include Point72 Ventures.

In the healthcare space, Hippocratic AI has made a significant impact, raising $141 million in its series B round and achieving a valuation of $1.64 billion. Founded in 2023, Hippocratic AI creates healthcare models and has attracted investment from Kleiner Perkins.

Truveta, a genetic research company founded in 2020, has also achieved unicorn status, raising $320 million in its latest round and valuing it at $1 billion. The company's investors include the CVCs from Microsoft and Regeneron Pharmaceuticals.

In the contract recruiting space, Mercor has made a significant splash, raising $100 million in its series B round and achieving a valuation of $2 billion. Founded in 2022, Mercor's investors include Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund.

Finally, Loft Orbital, a satellite company founded in 2017, has raised $170 million in its series C round, valuing it at $1 billion. The company's investors include Temasek and Tikehau Capital.

These new unicorns demonstrate that despite the challenges in the venture capital market, innovative startups are still able to attract significant investment and achieve remarkable growth. As the year progresses, it will be interesting to see which other companies join this list and make a significant impact in their respective industries.

The emergence of these new unicorns also highlights the ongoing importance of healthcare and satellite space technology in the startup ecosystem. As these industries continue to evolve and grow, it is likely that we will see even more innovative companies achieving unicorn status in the months and years to come.

Stay tuned for further updates on these companies and others as they continue to shape the startup landscape.

Similiar Posts

Copyright © 2024 Starfolk. All rights reserved.