March 12, 2024 6:00 AM
-
newsletter@email.crunchbase.com
10 new unicorns trot onto board as one slides off
The Crunchbase Daily newsletter highlights the addition of ten new unicorns in sectors like AI, fintech, spacetech, and robotics, increasing the board's total value by $18 billion, and discusses the decline in startup-on-startup M&A.
Plus, startup-on-startup M&A declines March 12, 2024 Hi, Tim . Ten new unicorns hailing from sectors including AI, fintech, spacetech and robotics joined The Crunchbase Unicorn Board in February. Altogether, they added $18 billion to the board’s tot
March 12, 2024 6:00 AM
-
newsletter@email.crunchbase.com
10 new unicorns trot onto board as one slides off
The Crunchbase Daily newsletter highlights the addition of ten new unicorns in sectors like AI, fintech, spacetech, and robotics, increasing the board's total value by $18 billion, and discusses the decline in startup-on-startup M&A.
Plus, startup-on-startup M&A declines March 12, 2024 Hi, Tim . Ten new unicorns hailing from sectors including AI, fintech, spacetech and robotics joined The Crunchbase Unicorn Board in February. Altogether, they added $18 billion to the board’s tot
<html><head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta content="http://static.crunchbase.com/daily/assets/cb-fb-share_v2.png"><meta content="image/png"><meta content="300"><meta content="300"><meta content="Crunchbase Daily"><meta content="The Crunchbase Daily is everything you'll need to start your day! Sign-up now."><meta content="2024-03-11T19:01:05Z"></head><body style="background:#eaeaea; margin:0; padding:0; width:100%!important"><div style="color:transparent; visibility:hidden; opacity:0; font-size:0px; border:0; max-height:1px; width:1px; margin:0px; padding:0px; border-width:0px!important; display:none!important; line-height:0px!important"><img border="0" width="1" height="1" src="http://sp.email.crunchbase.com/q/po0DfZJ6dYaztbAeA4NWgA~~/AARGbAA~/RgRn0tb9PVcDc3BjQgpl7_1R8GU52vEcUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, startup-on-startup M&A declines</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=cb8c2e38107e48d9a42ff459a5052999&_e=3rcNKaknowRMAKxK0YOuFSfQ6RaAYPrOrypdzrsAtapBttjWtc0oI1P329vNpOM0_xgxzMxoZ-HXTonljLLWL02LZQlFvmV5kK2ld8B1xTiG8jySB4lBY7dNP0nVOw_cU2hVrFxdmmFbrEDzNi3fOA%3D%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"> <table cellpadding="0" cellspacing="0" style="background:#eaeaea; border:0; color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; margin:0; padding:0; width:100%!important"><tbody><tr><td align="center" valign="top"><table cellpadding="0" cellspacing="0" style="border:0; padding:25px 0; width:522px"><tbody><tr><td><a href="#" style="display:block; padding:0 0 0 1px"><img height="23" src="http://static.crunchbase.com/daily/assets/cb-daily-header-logo-v5.png" width="176"> </a></td></tr><tr><td><img alt="" height="10" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:10px; margin:0; padding:0; width:520px"></td></tr><tr><td><table cellpadding="0" cellspacing="0" style="background:#0288d1; border:1px solid #00559d; color:#fff; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif"><tbody><tr><td><h3 style="color:#fff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px; width:400px">March 12, 2024</h3></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td></tr></tbody></table></td></tr><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; border-top:0; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 20px"><p style="margin:0 0 15px 0">Hi, Tim . Ten new unicorns hailing from sectors including AI, fintech, spacetech and robotics joined <a href="#" style="color:#0288d1; text-decoration:none">The Crunchbase Unicorn Board</a> in February. Altogether, <a href="#" style="color:#0288d1; text-decoration:none">they added $18 billion to the board’s total value</a>. But in a sign that the valuations for many of the companies on the board are in flux, one former unicorn fell off the board completely. Plus, <a href="#" style="color:#0288d1; text-decoration:none">startups are still buying fewer startups</a>.</p><h2 id="new-unicorns-trot-onto-board-as-one-slides-offhttpsnewscrunchbasecomainew-unicorn-board-companies-february-2024-moonshot-ai" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🦄 <a href="#" style="color:#0288d1; text-decoration:none">10 new unicorns trot onto board as one slides off</a></h2><p style="margin:0 0 15px 0">The artificial intelligence theme was evident again among new additions to our Unicorn Board last month: Two of the new companies on the board are in the AI sector, and many of the other newcomers have the technology woven into their products.</p><p style="margin:0 0 15px 0">See also: <a href="#" style="color:#0288d1; text-decoration:none">The Crunchbase Unicorn Board</a></p><h2 id="startups-are-still-buying-fewer-startupshttpsnewscrunchbasecommalarge-cap-tech-startup-acquisitions-decline" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🛒 <a href="#" style="color:#0288d1; text-decoration:none">Startups are still buying fewer startups</a></h2><p style="margin:0 0 15px 0">In all of 2023, just over 650 funded startups globally were acquired by other funded startups — the lowest total in three years — and 2024 is off to a similarly slow start, Crunchbase data shows.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Startups Buying Startups, Global</a></p><h2 id="a16z-is-on-a-hot-streakhttpsnewscrunchbasecomventuremost-active-us-investors-ai-healthcare-february-2024-a16z-gv" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🔥 <a href="#" style="color:#0288d1; text-decoration:none">a16z is on a hot streak</a></h2><p style="margin:0 0 15px 0">February may be the year’s shortest month, but that didn’t mean <a href="#" style="color:#0288d1; text-decoration:none">Andreessen Horowitz</a> didn’t have time for a big month. The investing giant — which was also the <a href="#" style="color:#0288d1; text-decoration:none">most active venture investor globally last year</a> and <a href="#" style="color:#0288d1; text-decoration:none">in the U.S. in January</a> — again led the way as the busiest U.S. startup investor of the month.</p><h2 id="biotech-leads-big-week-for-big-funding-dealshttpsnewscrunchbasecomventurebiggest-funding-rounds-ai-biotech-alumis" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🏅 <a href="#" style="color:#0288d1; text-decoration:none">Biotech leads big week for big funding deals</a></h2><p style="margin:0 0 15px 0">Startups in the sector nabbed three of the top five spots last week, another big week for really big raises — with two of $200 million or more. Other startups that raised big included companies in the asset management, AI, cybersecurity and manufacturing spaces.</p><p style="margin:0 0 15px 0">See also: <a href="#" style="color:#0288d1; text-decoration:none">The Crunchbase Megadeals Board</a></p><h2 id="how-to-master-market-segmentation-httpsnewscrunchbasecomsales-marketingmastering-market-segmentation-young-tigereye" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🎯 <a href="#" style="color:#0288d1; text-decoration:none">How to master market segmentation </a></h2><p style="margin:0 0 15px 0">By honing in on specific customer segments and delivering messages that resonate on a personal level — “We do X for people just like you” — companies can significantly enhance customer experiences, foster loyalty and strengthen connections, writes guest author <a href="#" style="color:#0288d1; text-decoration:none">Tracy Young</a>.</p></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><img height="0" src="https://ssl.google-analytics.com/collect?v=1&tid=UA-68916521-1&cid=194&t=event&ec=native_ads&ea=pageview&el=cb_daily_chrome_extension_Q1_2022 " width="0"></td></tr><tr><td><table cellpadding="0" cellspacing="0" style="background:#ffffff; border-collapse:collapse"><tbody><tr><td style="width:100px"><a href="#" style="display:block; height:100px; width:100px; text-decoration:none"><img height="100" src="https://images.crunchbase.com/image/upload/v1693945256/nativeads/Native_Ad_-_100X100_g6mwdv.png" width="100"> </a></td><td style="font-size:13px; line-height:15px; text-align:left; width:420px"><a href="#" style="display:block; text-decoration:none; padding:5px 10px 10px 10px; color:#333333; font-weight:bold">Crunchbase ROI Calculator<br></a><a href="#" style="display:block; text-decoration:none; padding:0px 10px 10px 10px; color:#333333">See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.<br></a><a href="#" style="display:block; text-decoration:none; padding:0px 10px 0px 10px; color:#0288d1; font-weight:bold">Calculate<br></a></td></tr></tbody></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Investments</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/rm3htfiunkxnm2buqxxo" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Koch Industries</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$77M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Funding Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Koch Industries operates diverse businesses and industries, contributing to the improvement of people's lives.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Electronics • Energy • Farming • Oil and Gas</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Fred C. Koch</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#666; margin:0 0 0 85px"></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/bnavozwn6noixbcziyue" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Eye Security</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">36M EUR</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Eye Security is a cybersecurity and InsurTech firm that provides cybersecurity measures for SMEs.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Consulting • Cyber Security • InsurTech • Network Security</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Job Kuijpers</a>, <a href="#" style="color:#0288d1; text-decoration:none">Piet Kerkhofs</a>, <a href="#" style="color:#0288d1; text-decoration:none">Vincent van de Ven</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">JP Morgan Chase</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Bessemer Venture Partners</a>, <a href="#" style="color:#0288d1; text-decoration:none">TIIN Capital</a></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/v1473831043/pttfmkyflkrjdr83r6gc.jpg" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">BlackSoil</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">1.0B INR</a> / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Blacksoil Advisory is a boutique advisory firm that provides consultation and financing resources.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Banking • Finance • Financial Services</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Ankur Bansal</a>, <a href="#" style="color:#0288d1; text-decoration:none">Mohinder Bansal</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#666; margin:0 0 0 85px"></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Fundings</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount / Round</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Lead Investor</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">PlanetSpark</a></td><td style="border:1px solid #bbb; padding:7px">1.4B INR / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Prime Venture Partners</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">abCoffee</a></td><td style="border:1px solid #bbb; padding:7px">281M INR / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Nexus Venture Partners</a></td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Bummer</a></td><td style="border:1px solid #bbb; padding:7px">92M INR / <a href="#" style="color:#0288d1; text-decoration:none">Seed Round</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Gruhas</a></td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Funding Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Acquisitions</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/zcku8trrhw1dnlvfrgrc" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">OpSec Security</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">Crane NXT</a> for <span style="color:#333; font-weight:bold">$270M</span></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Acquisitions</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Acquired By</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Best of Latin Food Stuff</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Essentially Group</a></td><td style="border:1px solid #bbb; padding:7px">1.9M GBP</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Acquisition Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td style="color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:13px; line-height:19px; padding:0 0 0 1px"><a href="#" style="display:block"><img src="http://static.crunchbase.com/daily/assets/cb-logo-footer-on-dark_v3.png"> </a><p style="margin:0; padding:5px 0 0">Discover innovative companies and the people behind them.</p><table cellpadding="0" cellspacing="0" style="border:0; padding:15px 0"><tbody><tr><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="Follow Us on Crunchbase" height="20" src="http://static.crunchbase.com/daily/assets/cb_icon_v2.png" width="20"> </a></td><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="View Jobs on LinkedIn" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-linkedin-large-color.png" width="20"> </a></td><td style="padding:0 10px 0 0"><a href="#" rel="noopener" target="_blank"><img alt="Follow Us on Twitter" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-share-twitter-color.png" width="20"> </a></td><td><a href="#" rel="noopener" target="_blank"><img alt="Like Us on Facebook" height="20" src="http://static.crunchbase.com/daily/assets/cb-daily-facebook-large-color.png" width="20"> </a></td></tr></tbody></table><p style="margin:0">564 Market St, San Francisco, CA 94104 <br>© 2024 Crunchbase Inc. All rights reserved. <a href="#" style="color:#0288d1; text-decoration:none">Privacy Policy</a> | <a href="#" style="color:#0288d1; text-decoration:none">Terms of Service</a></p><p style="font-size:11px; margin:0; padding:10px 0 0"><a href="#" style="color:#0288d1; text-decoration:none">Unsubscribe</a> from Crunchbase Daily.</p></td></tr></tbody></table></td></tr></tbody></table><img border="0" width="1" height="1" alt="" src="http://sp.email.crunchbase.com/q/QraQyzygNs95TGijV8QcCw~~/AARGbAA~/RgRn0tb9PlcDc3BjQgpl7_1R8GU52vEcUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~"> </body></html>
Try
Similar Emails
Who What Wear
It's going to be the summer of cool-girl elegance—29 pieces destined to sell out
Content Sharing
Other
National Geographic
Our Top 10: Corpse flowers; a supersized shark mystery; Brad Pitt's face problem; why voices change with age
Content Sharing
Books & Publishing
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Save to Board
This is some text inside of a div block.
This is some text inside of a div block.
1 selected
DoneYou have reached your plans limit
To create or access more boards you need to upgrade.
