Popular Fitness App Strava Loses Unicorn Status
Strava, a Prime Unicorn Index component once valued at roughly $1.5 billion, has lowered its internal valuation, as evidenced through Employee Plan Exemption Notices (EPENs), which disclose the price of common shares issued to company executives. Strava is a popular fitness tracking and social networking app for athletes, particularly cyclists and runners. It allows users […]
HomeLight Raises $20 Million Down Round
Nearly two weeks ago, we reported that HomeLight had authorized a Series D-2 down round. On August 26, the company announced it had raised $20 million in new funding. This Series D-2 raise was led by Zeev Ventures, with participation from Stereo Capital and Menlo Ventures, among others. The funding was reported to be intended […]
Stumbling Unicorns: BigPanda, Qumulo fall below $1B valuations
Two index components, BigPanda and Qumulo, have lowered their internal valuations below $1 billion in recent weeks, as disclosed by Employee Plan Exemption Notices (EPENs) filed with California. BigPanda, an AI-driven IT incident management platform, filed an EPEN effective August 7, 2024, which disclosed a common share price of $0.57, lower than its share price […]
Commure Authorizes Flat Round After Acquisition Announcement
Nearly one month after agreeing to acquire Augmedix, index component Commure has authorized new Series D-1 and D Prime preferred stock, priced at $80.09 per share, the same price as its Series D stock. In July, Commure announced that it would be acquiring Augmedix, a company specializing in ambient AI medical documentation and data solutions, […]
Homelight Authorizes Series D-2 Down Round; Popular Secondary Trades Look Positive
Homelight, a component of the Prime Unicorn Index, authorized a new Series D-2 on August 6, 2024, which is priced about 38.7% lower than its Series D and D-1 preferred price. The Prime Unicorn Index is the first to cover this filing. Homelight is a real estate technology company that aims to simplify the home […]
Forward Raising $200 Million Series E-2 Down Round
Forward, a Prime Unicorn Index component providing primary care through a membership-based pod system, is raising a $200 million down round, which would value the company near $1 billion. The Prime Unicorn Index is the first to cover this new round. On August 5, 2024, Forward filed a Certificate of Incorporation (COI) with the state […]
Cerebras IPO Update
In June, we issued a post discussing Cerebras Systems’ Series F-1 and IPO filing. Since then, the company has issued its own press release regarding the filing, and there has been more speculation on the timing of the listing. On July 31, Cerebras issued a press release disclosing that it had filed confidentially to go […]
JD Vance: VC to VP?
Last week, Donald Trump announced JD Vance as his running mate for the 2024 presidential election. While Vance is widely known for his bestselling memoir “Hillbilly Elegy” and his current role as a U.S. Senator from Ohio, many may not be aware that he spent a significant portion of his career in the world of […]
Placer.ai Sees a Slight Valuation Bump Through Series C-1 Authorization
Placer Labs (DBA: Placer.ai), a component of the Prime Unicorn Index, authorized a new Series C-1 on July 10, 2024, which is priced about 5.5% higher than its Series C preferred price. Placer.ai is a data analytics company specializing in providing location-based insights for businesses. By utilizing advanced geospatial technology and machine learning, they offer […]
Public Components Update
Last week, we covered a handful of components that appear to be eyeing an IPO in the near future. However, much of this depends on the current performance of the public markets and, more specifically, other recent IPOs. The Prime Unicorn Index retains companies for a period after its IPO to mirror a traditional lockup […]