Thursday 28 Mar 2024
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KUALA LUMPUR (Feb 26): Tiger Global Management leads the Crunchbase Unicorn Board with the highest count of unicorn portfolio companies.

In a report Friday (Feb 25), Crunchbase — which tracks trends, investments and news of global companies from start-ups to the Fortune 1000 — said the firm added 118 unicorn companies to its list of portfolio companies in 2021 — far outpacing any other investor when it comes to placing bets on billion-dollar startups.

The report said Tiger counts 187 current unicorn portfolio companies and a further 52 that have already exited.

It said among Tiger’s unicorn investments last year were a US$1.8 billion Series B funding the firm led into energy fusion company Commonwealth Fusion, a US$600 million Series D in electric vehicle company Nuro, and US$450 million Series C in payments company Checkout.com.

Crunchbase said the second most active unicorn investor is London-based SoftBank Vision Fund, with 128 current unicorns and 27 exited.

It added 78 unicorn companies to its portfolio, the second-highest count in 2021.

Among its unicorn investments, it led a US$1.7 billion round in self-driving company Cruise, and a US$775 million Series A in Perch, which buys Amazon third-party and other direct-to-consumer brands.

Crunchbase said venture investor Sequoia Capital is the third most active unicorn investor on the list, with 84 current billion-dollar private companies in its portfolio and another 41 that have exited.

It said the Menlo Park, California-based firm added 12 unicorn portfolio companies to its roster in 2021.

The report said that in contrast to Tiger and SoftBank, the majority of the 38 investments Sequoia made in unicorns last year were follow-ons in companies it invested in long before they were valued at a billion dollars or more.

Fourth on the list of most-active unicorn investors is Coatue with 99 current portfolio companies and 25 companies that have exited.

New York-based Coatue also racked up the third-highest count of unicorn companies with 58 unicorn portfolio companies added in 2021.

Meanwhile, Palo Alto-based Accel is the fifth most active.

Similar to fellow Silicon Valley investor Sequoia, Accel has steadily built up its unicorn portfolio over the past decade.

It had many more follow-on investments in 2021 than new portfolio companies that became unicorns.

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