191 days ago • Posted by Charles-Henry Monchau

The number of Unicorn hits an all-time high

In 3Q20, we have seen 71 deals involving VC-backed companies with $1bn+ post-valuations vs. 64 in 3Q19. Some nice examples of mark-ups: 1) $1.2bn Series G round for Yuanfudao, which provides a platform that facilitates online tutoring for Chinese students. Valuation of $13bn vs. $7.8bn in March 2020; 2) $660mn Series G round for Robinhood Valuation of $11.7bn vs. $7.6bn in October 2019; 3) $650mn round for Klarna, which provides an online payment platform that facilitates cashless payments through installments. Valuation of $10.7bn vs. $5.5bn in August 2019 (source: The Market Ear, Pitchbook). 

Number of funding deals per quarter