CB Insights April 22, 2020
The number of new US-based unicorns in Q1’20 hit a 2-year low, while aggregate valuations fell. Is this the beginning of the end for the unicorn?
The number of new unicorns peaked in Q4’18, with 23 unicorn births in the quarter. Since then, the number has trended downwards.
Q1’20 saw just 12 new unicorn companies emerge throughout the quarter.
Some of these new billion-dollar companies include:
- Healthcare startup Alto Pharmacy, which raised $250M at a $1B valuation in January
- Edtech company Udemy, which joined the unicorn club at a $2B valuation following a $50M Series E...
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