Being one of the country’s largest tech hubs, New York has its fair share of unicorns: tech startups whose valuations surpass the $1 billion mark. While these unicorns are no longer as rare as they once were, reaching the billion-dollar valuation is an important milestone for startups due to the implied confidence in a company’s product and tech — especially in current market conditions when funding is harder to secure. If you want to learn more about 2022’s newly minted NYC unicorns, read on.
$1.5B Valuation as of October
Bilt Reward is a renters’ platform that allows users to pay their rent and earn loyalty points that can be used for a down payment down the road. The company become a tech unicorn in October after it raised $150 million and hit a $1.5 million valuation. Bilt Rewards currently has tech openings on Built In.
$1.7B Valuation as of June
Multiverse is co-headquartered in London and New York City, and connects job seekers with apprenticeships at enterprise companies. In May, the startup doubled its valuation to $1.7 billion after raising capital in a Series D round. Multiverse planned on using the new capital to expand its services into more states. Multiverse is currently hiring in various departments and has several openings on Built In.
$1.7B Valuation as of May
In May, Clear Streat hit a $1.7 billion valuation after a large Series B raise. Clear Street began as a prime brokerage platform that offered institutions many investing services. With the new capital, the company is planning on expanding its platform to new investors and geographies. The company is also currently hiring and has several job listings on Built In.
$1B Valuation as of March
Electric is an IT startup that works with small to medium-sized businesses. The startup raised $20 million in a D-1 round at a $1 billion valuation and secured tech unicorn status. Electric plans to spend the new funding on making strategic acquisitions to enter new markets.
Over $1B Valuation as of March
Glia is an AI company that partners with banks, credit unions and other companies to provide automated customer service. The New York-based company hit tech unicorn valuation after a $45 million Series D raise led by Insight Partners back in March 2022. Glia planned to use the new capital for research and development.
