February 7, 2022 | less than a minute read

What Slowdown? Strong Private-Company Funding Pace Continues Into 2022 Despite Market Turmoil

Michael Best

While 2021 was a record-setting year for venture funding, the beginning of 2022 maintained that breakneck pace: globally, private companies received $61 billion in funding last month.

Another promising prospect was on the “unicorn front”: 45 companies were added to the Crunchbase Unicorn Board last month, surpassing January 2021’s addition of 43 unicorns. The Board consists of approximately 1,200 companies that have raised $704 billion and are valued at over $4 trillion collectively.

Of note, European unicorns received some of the largest fundings, including to London’s payments company Checkout.com ($1 billion Series D round) and Estonia’s delivery company Bolt ($709 million Series F round).

We’ll have to wait to see how the rest of 2022 shapes up, but if January is any indication, 2022 may become another record-setting year for venture funding.

But while the startup funding environment in 2022 could look very different from 2021—the year new records were set across almost every benchmark for venture funding—January, at least, remained very strong.

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