| Hi, Agen. Big names from Tiger Global to Sequoia Capital to Andreessen Horowitz helped mint new unicorns by the hundreds in 2021, when 586 startups newly valued at $1 billion or more joined The Crunchbase Unicorn Board. But what’s happened in the two years since, as the magical valuations of 2021 fade in the new reality of 2023’s funding landscape? Today, we look at what 2021’s unicorn hunters are up to now. Funding to the unicorn class of companies — those private startups valued at $1 billion or more — has fallen dramatically in 2023, to around 22% of what it was in the 2021 market peak. So perhaps it’s no surprise that investments in unicorn companies by leading investors from Andreessen Horowitz to Coatue have dropped precipitously in 2023. See also: The Crunchbase Unicorn Board Cyber brains and humanoid robot co-workers of course made our list of most interesting funded startups of 2023. But it wasn’t all AI. We were also intrigued by a company that says it’s engineered hybrid trees to grow faster, and a doctor-less doctor’s office. Per Crunchbase data, global investors have poured approximately $13.7 billion this year into companies working on everything from battery recycling to water-conserving crops. That puts 2023 on track to come in roughly even with last year — not bad for a year in which venture funding has fallen in almost every other industry. Related Crunchbase Pro queries:
• Sustainability-Related Funding
• Carbon Removal- And Capture-Related Companies Funded In The Past Year Do you feel more upbeat or gloomier now compared to a year ago? What are the big tech trends and stories you’ll be watching in 2024? And do you expect the market for new tech IPOs — which briefly opened a smidge this fall — to swing wide open next year? Tell us in our latest brief, anonymous Crunchbase News reader survey. | 
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