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.

Read more: What Slowdown? Strong Private-Company Funding Pace Continues Into 2022 Despite Market Turmoil – Crunchbase News