- In June, 51 startups hit valuations of $1 billion or more, according to data from CB Insights.
- The month capped off a record quarter for unicorn formation and for total VC funding.
- Only one-third of the companies, including Founders Fund-backed IRL, came from the US.
- See more stories on Insider’s business page.
What does Peter Thiel have in common with the governor of Illinois? Their firms are among the investors that backed the herd of startups whose valuations hit $1 billion or more in June.
June produced 51 unicorns, the second-highest monthly total so far this year, according to data from CB Insights. (March produced 54.) June held 22 business days, meaning new unicorns were crowned at a rate of 2.3 per business day. Not surprisingly, June also capped off a record second quarter for the emergence of billion-dollar startups as well as for overall VC funding, both in the US and around the globe.
Roughly two-thirds of June’s newly minted unicorns, in fact, came from outside the US.
China and Israel had six apiece, while France, Japan, Mexico, the Netherlands, Singapore, and Turkey also produced new members of the billion-dollar club.
Among the startups that joined the club last month are event-discovery app maker IRL, which is backed by Peter Thiel’s Founders Fund. Also on the list is business-software review company G2, whose investors include Pritzker Group Venture Capital, cofounded by Illinois governor J.B. Pritzker.
Here is the full list of June unicorns, according to CB Insights.
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