Despite a still-tight venture capital market, 2025 is shaping up to be a strong year for new tech unicorns.
The rise of these billion-dollar companies proves that even in challenging times, innovation continues to thrive.
Data from Crunchbase and PitchBook reveals that from January to March, 19 new startups earned their unicorn status across various sectors, from healthcare to satellite technology.
March’s Newest Unicorns:
- Fleetio — $1.5B: This Alabama-based startup simplifies fleet operations. After a $454 million Series D, its valuation hit $1.5 billion. Investors like Goldman Sachs Asset Management back the company, which has raised $624 million since its 2012 launch.
- The Bot Company — $2B: Founded in 2024, this robotics platform raised a $150 million round, reaching a $2 billion valuation. With $300 million in funding, The Bot Company is well-positioned for rapid growth.
- Celestial AI — $2.5B: Specializing in AI, Celestial raised $250 million in a Series C round led by Fidelity, bringing its total funding to over $580 million. The California-based company counts BlackRock and Engine Ventures among its investors.
- Underdog Fantasy — $1.3B: The sports gaming company, which raised $70 million in a Series C round, now sits at a $1.3 billion valuation. Spark Capital is among its investors.
- Build Ops — $1B: With a focus on software, Build Ops raised $122.6 million in Series C funding, lifting its valuation to $1 billion. The company has garnered $273 million in funding since its 2018 inception.
- Insilico Medicine — $1B: A leader in drug research, Insilico Medicine raised $110 million in Series E funding. It has raised over $500 million to date, with investors including Lilly Ventures and Value Partners Group.
- Olipop — $2B: Known for its probiotic sodas, Olipop raised $137.9 million in Series C funding at a valuation of $1.96 billion. The company, founded in 2018, has attracted investors like J.P. Morgan Growth Equity Partners.
- Peregrine — $2.5B: This data analysis platform raised $190 million in Series C funding, bringing its valuation to $2.5 billion. Sequoia and Fifth Down Capital are among its investors.
- Assured — $1B: Assured, an AI-powered claims processor, raised $23 million in Series B funding. It has raised a total of $26 million since its 2019 founding.
February’s New Unicorns:
- Abridge — $2.8B: This medtech company raised $250 million in Series D funding, bringing its valuation to $2.75 billion. Investors include Elad Gil and IVP.
- OpenEvidence — $1B: A medtech company founded in 2017, OpenEvidence raised $75 million in Series A funding, hitting a $1 billion valuation.
- Hightouch — $1.2B: A data platform, Hightouch raised $80 million in Series C funding at a $1.2 billion valuation. Sapphire Ventures and Bain Capital Ventures are among its investors.
January’s New Unicorns:
- Kikoff — $1B: The personal finance platform Kikoff raised an undisclosed amount, reaching a $1 billion valuation. Investors include Lightspeed Venture Partners and basketball star Steph Curry.
- Netradyne — $1.35B: This computer vision startup raised $90 million in Series D funding, bringing its valuation to $1.35 billion. Point72 Ventures led the round.
- Hippocratic AI — $1.6B: Focused on healthcare models, Hippocratic AI raised $141 million in Series B funding, landing a $1.64 billion valuation. Kleiner Perkins led the round.
- Truveta — $1B: This genetic research company raised $320 million at a $1 billion valuation. Investors include CVCs from Microsoft and Regeneron Pharmaceuticals.
- Clay — $1.25B: The AI sales platform raised $40 million in Series B funding, bringing its valuation to $1.25 billion. Sequoia and First Round are key investors.
- Mercor — $2B: Mercor, a contract recruiting startup, raised $100 million in Series B funding, pushing its valuation to $2 billion. The company counts Jack Dorsey and Peter Thiel among its investors.
- Loft Orbital — $1B: Loft Orbital, a satellite company, raised $170 million in Series C funding, bringing its valuation to $1 billion. Temasek and Tikehau Capital are part of the investor group.
While the venture capital landscape remains tight, these 19 new unicorns prove that the future of business innovation is alive and well.
With diverse sectors ranging from healthcare to space technology, these companies are setting the stage for continued growth.
As the year progresses, expect this list to grow, with more trailblazers emerging on the horizon.
You May Also Like: Startup Funding Soars 170% YoY, Ather Energy’s $71M Boost Ignites Unicorn Surge
