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Eleven companies joined The Crunchbase Unicorn Board in January 2024 — the first double-digit monthly count in more than a year.

Six of the new unicorns are based in Asia, with three companies from China, and one each from Singapore, Hong Kong and India.

Three U.S.-based companies also joined the board last month, while in Latin America, one company joined from Mexico, and in Europe a single company from the U.K.

The 11 new January unicorns altogether added $16 billion in value to the board. They span AI, clean energy, semiconductor, quantum computing and AR, among other sectors.

Exits and delisted

Question-and-answer platform Quora was dropped from the board last month when it raised funding at a $500 million valuation, losing its unicorn status. No companies exited from the board in January.

The board now has more than 1,500 companies on it that represent a collective $5 trillion in value, though that’s based on the companies’ most recent funding values.

The new unicorn companies minted in January 2024 were:

AI

Clean energy

Quantum

Healthcare

• Doc.com, a free telehealth platform providing basic care to the uninsured or underinsured, raised a $300 million funding led by Silver Rock. The 12-year-old company was valued at $1.3 billion. Headquartered in Mexico, it has expanded to the U.S. market.

Transportation

• Student transportation company Zum, based in Silicon Valley, raised $140 million in growth stage funding led by Singapore sovereign wealth fund GIC. The 9-year-old company was valued at $1.3 billion. The service is deployed across 4,000 schools in the U.S., reducing costs for school districts, using AI for route efficiency, and providing parents with updates.

Web3

• Six-year-old, Hong Kong-based crypto exchange HashKey Group raised a Series A funding of $100 million at a $1.3 billion value. The funding was led by OKX Ventures, the venture arm of crypto exchange OKX.

Semiconductor

AR/VR

• Ready-to-wear mixed reality glasses company Xreal — a competitor to Meta’s Quest and Apple’s Vision Pro — raised $60 million at a value of $1 billion. The Beijing-based company has raised a total of $300 million since its founding in 2017. The lead investors were not disclosed.

Media and Entertainment

• Sports media holding company Minute Media, based in London, raised “tens of millions” in funding at a $1 billion valuation. After the funding, the company acquired STN Video, a sports-streaming platform from Canada.

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.

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