- VC funding is on track to break records with $61 billion invested in July, Crunchbase found.
- Fifty-three new unicorns emerged in July, the second-highest monthly total so far this year.
- Among them is $18 billion crypto exchange FTX, founded by a 29-year-old former trader.
- See more stories on Insider's business page.
Summer has often been a slower period for VC activity — but not this year.
The brisk pace of venture-capital funding continued into July as investors poured $61 billion into private companies worldwide, Crunchbase found. As a result, venture activity remains well on track to break records this year.
Fifty-three startups became unicorns last month, with billion-dollar or higher valuations, especially in categories such as fintech and crypto.
The crypto exchange FTX, founded by the 29-year-old former trader Sam Bankman-Fried, topped the list by valuation. It's now valued at $18 billion after raising a $900 million Series B round from a group of more than 60 investors, including Sequoia Capital, Insight Partners, and the crypto-focused firm Paradigm.
OpenSea, an NFT startup, also breached the $1 billion mark, along with the blockchain-security startup Fireblocks and the Brazilian crypto exchange Mercado Bitcoin.
Here's the full list of July unicorns, according to Crunchbase.
Company | Valuation | Country |
FTX | $18 billion | US |
iCapital Network | $4 billion | US |
insightsoftware | $4 billion | US |
Articulate | $3.8 billion | US |
Redwood Materials | $3.7 billion | US |
PsiQuantum | $3.2 billion | US |
Contentful | $3 billion | Germany |
Sourcegraph | $2.7 billion | US |
ManoMano | $2.6 billion | France |
Odoo | $2.4 billion | Belgium |
Algolia | $2.3 billion | US |
Fireblocks | $2.2 billion | US |
Market Kurly | $2.2 billion | South Korea |
Mercado Bitcoin | $2.1 billion | Brazil |
Aleph Holding | $2 billion | US |
MURAL | $2 billion | US |
Pivot Bio | $2 billion | US |
Pantheon | $2 billion | US |
1Password | $2 billion | Canada |
bunq | $1.9 billion | Netherlands |
Pleo | $1.7 billion | Denmark |
Solarisbank | $1.7 billion | Germany |
Mercury | $1.6 billion | US |
OfBusiness | $1.6 billion | India |
Impact | $1.5 billion | US |
OpenSea | $1.5 billion | US |
SmartRecruiters | $1.5 billion | US |
NotCo | $1.5 billion | Chile |
Culture Amp | $1.5 billion | Australia |
M1 Finance | $1.5 billion | US |
Coda | $1.4 billion | US |
At-Bay | $1.4 billion | US |
Rohlik | $1.2 billion | Czech Republic |
FloQast | $1.2 billion | US |
Prime Medicine | $1.2 billion | US |
Droom | $1.2 billion | India |
SonderMind | $1.1 billion | US |
Blackbuck | $1 billion | India |
VNLIFE | $1 billion | Vietnam |
Amperity | $1 billion | US |
Interos | $1 billion | US |
Mark43 | $1 billion | US |
Nature's Fynd | $1 billion | US |
Remote | $1 billion | US |
ROKT | $1 billion | US |
Entrata | $1 billion | US |
Kitopi | $1 billion | United Arab Emirates |
Bolttech | $1 billion | Singapore |
Nium | $1 billion | Singapore |
Carsome | $1 billion | Malaysia |
Lunar | $1 billion | Denmark |
Bombax | $1 billion | China |
Go1 | $1 billion | Australia |