Despite VC Slowdown, 19 Startups have already hit Unicorn Status in 2025

Even in a venture capital environment that remains cautious, new unicorns are still emerging. As of the end of March 2025, 19 tech startups have crossed the $1 billion valuation milestone and reached the Unicorn Status, according to data from Crunchbase and PitchBook.

The list spans a diverse set of industries—from AI and biotech to satellite communications and consumer goods—indicating that investor appetite for high-potential innovation hasn’t disappeared; it’s just more selective.

🚀 March’s Newest Unicorns

• Assured – $1B: AI-powered insurance claims processing company that hit $1B with a $23M Series B, backed by ICONIQ Capital and Kleiner Perkins.

• Fleetio – $1.5B: Based in Alabama, this fleet operations software provider raised a $454M Series D, pushing its total funding to $624M. Backers include Goldman Sachs and Elephant Partners.

• The Bot Company – $2B: A robotics platform that hit unicorn status with a $150M early-stage round. Founded just in 2024, it has already raised $300M.

• Celestial AI – $2.5B: Raised $250M Series C led by Fidelity. Focused on AI hardware, it boasts backing from BlackRock and Engine Ventures.

• Underdog Fantasy – $1.3B: A sports gaming startup that closed a $70M Series C, with over $100M raised to date and support from Spark Capital.

• BuildOps – $1B: Construction management software company that raised a $122.6M Series C. Total raised: $273M. Backers include Founders Fund and Fika Ventures.

• Insilico Medicine – $1B: AI-driven drug discovery firm that raised a $110M Series E. It’s pulled in over $500M since launching in 2014.

• Olipop – $2B: Probiotic soda brand that closed a $137.9M Series C. Founded in 2018, it’s raised $243M from J.P. Morgan Growth Equity Partners and others.

• Peregrine – $2.5B: Data integration and analysis platform with a $190M Series C. Backers include Sequoia and Fifth Down Capital.

February’s Breakout Startups

• Abridge – $2.8B: Healthcare transcription tool that raised a $250M Series D led by Elad Gil and IVP.
• OpenEvidence – $1B: Medtech firm focused on clinical data, closed a $75M Series A with Sequoia Capital backing.
• Hightouch – $1.2B: Data activation platform raised $80M Series C, bringing total funding to $171M. Backers include Sapphire Ventures and Bain Capital Ventures.

January’s First Unicorns of the Year

• Kikoff – $1B: Personal finance platform backed by Lightspeed and Steph Curry, now valued at $1B.
• Netradyne – $1.35B: Vision-based safety platform for fleet vehicles raised a $90M Series D led by Point72 Ventures.
• Hippocratic AI – $1.6B: Generative AI startup for healthcare raised $141M Series B, led by Kleiner Perkins.
• Truveta – $1B: Genetic research and health data firm that raised $320M, with support from Microsoft’s venture arm and Regeneron.
• Clay – $1.25B: AI platform for sales outreach automation raised $40M Series B with backing from Sequoia and First Round.
• Mercor – $2B: AI-powered contract recruiting startup closed a $100M Series B, with investors including Jack Dorsey, Peter Thiel, and Felicis.
• Loft Orbital – $1B: Satellite services company that raised a $170M Series C. Backers include Temasek and Tikehau Capital.

What This Means for 2025

While the overall VC market remains selective, these deals highlight where capital is still flowing: into AI, data infrastructure, healthcare, defense tech, and consumer innovation. Many of these companies raised massive rounds in competitive Series C or D stages, suggesting that growth-stage capital is warming up—at least for startups with a strong product and market fit.