INTELLI™ Weekly Insights
Wednesday, November 2, 2022 | Volume 1 Series 22 | Featuring Unicorn Births Last Quarter 3, Predictions, and Updates.
🕑☕️ Good afternoon to all! This one is a quick midweek update with some new funding metrics & signals, brought to you by our team at INTELLI™! We have a special feature on Unicorn Births for Q3 of 2022 and Predictions for the Fintech Industry, aside from our usual news and updates.
🦄 Unicorn Births - Q3 2022
As CBInsights states, “the number of global unicorns (private companies valued at $1B+) soared in 2021 amid a frothy funding environment. Even though the momentum continued in 2022, it inevitably tumbled for 3 straight quarters, with just 24 startups reaching the $1B+ mark in Q3’22 — the lowest quarterly figure since early 2020.
Fintech is the most highly represented category on our map, accounting for roughly 1 in 5 unicorns (21.0%). It is followed by internet software & services (19.1%), e-commerce & direct-to-consumer (9.1%), and health (8.1%).”
🏛 Top Fintech Unicorns
Stripe (United States)- $95B Valuation
Checkout.com (United Kingdom)- $40B Valuation
Revolut (United Kingdom)- $33B Valuation
FTX (Bahamas)- $32B Valuation
Chime (United States)- $25B Valuation
Ripple (United States)- $15B Valuation
Blockchain.com (United Kingdom)- $14B Valuation
Plaid (United States)- $13.5B Valuation
Brex (United States)- $12.3B Valuation
Deel (United States)- $12B Valuation
💻 Top Internet Software and Services Unicorns
Canva (Australia)- $40B Valuation
Miro (United States)- $17.5B Valuation
Discord (United States)- $15B Valuation
OpenSea (United States)- $13.3B Valuation
Grammarly (United States)- $13B Valuation
GoodLeap (United States)- $12B Valuation
Airtable (United States)- $11.7B Valuation
Rippling (United States)- $11.25B Valuation
Notion Labs (United States)- $10B Valuation
Talkdesk (United States)- $10B Valuation
🛒 Top E-commerce & Direct-To-Consumer Unicorns
SHEIN (China)- $100B Valuation
Fanatics (United States)- $27B Valuation
Xiaohongshu (China)- $20B Valuation
Xingsheng Selected (China)- $12B Valuation
Thrasio (United States)- $10B Valuation
Chehaoduo (China)- $10B Valuation
Kavak (Mexico)- $8.7B Valuation
Ziroom (China)- $6.6B Valuation
Lianjia (China)- $5.77B Valuation
Back Market (France)- $5.7B Valuation
🏥 Top Health Unicorns
Devoted Health (United States)- $12.6B Valuation
Biosplice Therapeutics (United States)- $12B Valuation
Tempus (United States)- $8.1B Valuation
Caris Life (United States)- Sciences $7.83B Valuation
Ro (United States)- $7B Valuation
We Doctor (China)- $7B Valuation
Doctolib (France)- $6.4B Valuation
Hinge Health (United States)- $6.2B Valuation
Lyra Health (United States)- $5.85B Valuation
Cityblock Health (United States)- $5.7B Valuation
🔮 FinTech and the Next Decade
According to COATUE’s recent recap and study regarding the future of FinTech in the next decade, they have seen:
FinTech has gone from relative obscurity to ~$500B in private market cap over the last decade.
FinTech is most recently the dominant cloud category across the tech ecosystem.
FinTech VC funding remains at all-time highs, 2022 a year of digestion across sectors.
FinTech penetration of public Financial Services market cap has just begun.
Next generation of enduring FinTech requires a focus on owning the balance sheet, maniacal re-bundling, a B2B lean, and building in high margin sub-verticals across emerging markets.
There’s over $6 Trillion in Financial Services gross profit to be converted to FinTech.
💰 INTELLI™ Featured Investments
Vaxcyte, which focuses on developing vaccines designed to prevent or treat some of the most common and deadly infectious diseases worldwide raised $600M in a Post-IPO Equity.
A marketplace for non-catastrophe insurance-based risk transfer and investments, Vesttoo, raised $80M in a Series C round led by Mouro Capital.
Innovation Industries, a leading venture capital firm led a Series A round that raised $27M for Axelera AI, an artificial intelligence chip manufacturer.
Tymit, a credit company that offers traditional credit cards and a buy now, pay later service raised 23M GBP in a Series A round led by the Frasers Group.
Bob W, a technology-driven hospitality provider raised 21M EUR in a Series A round led by Elevator Ventures which focuses on early stage and growth investments in Fintech and related enabling technologies in Central and Eastern Europe.
🤝 Recent Acquisitions
Limestone Bank, a traditional community bank with a wide range of personal and business banking products and services has a pending acquisition by Peoples Bancorp is a financial services holding company for $208M.
ST Unitas, an EduTech company that offers learning apps and educational content for students was acquired by MegaStudyEdu, which provides online and offline educational services for entrance examinations and offline school direct business for 180B KRW.
Tune in next time for more updates brought to you by PreIPO INTELLI™