not bad A year for startup fundraising. While venture capital totals are far from last year’s records, evidence is piling up that 2022 is a return to a higher baseline than a historical downturn.
Crunchbase’s dataset tracking funding for unicorn companies — private startups worth $1 billion or more since their most recent funding — makes it clear that investors are still paying enough for unicorn equity.
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The overall decline in unicorn fundraising is not surprising. As we explored earlier this week, late rounds are on the decline. That’s where unicorns generally fall in the fundraising lifecycle, although it’s unique, meaning that if late rounds are getting smaller, it makes sense that unicorns will raise less capital.
