Prime Unicorn Index Blog
Data. Insights. Reports. New Funding. Oh my.
Q1 2023 Reconstitution Summary
Following our reconstitution for Q1 2023, we are introducing three new components into the Prime Unicorn Index- Astera Labs, Neuralink, and BigPanda. There were no deletions from the Index this quarter. As a reminder, the Index is reviewed and reconstituted quarterly...
Components in the News #2: Layoffs at Carta & Whoop, Plus More
What our Analysts Have Been Reading…. Overview Carta Lays off 10% of Staff Whoop Cuts 4% of its Workforce Instacart to Pay $5.25M Settlement Impossible Foods Hires its First Chief Demand Officer Newsela Appoints New CEO...
Investor Highlight: General Catalyst
General Catalyst is one of the prominent investors in the U.S. Venture Capital space. We have seen them invest in top companies like Maplebear (Instacart), Devoted Health, and Gusto. We most recently saw one of their portfolio companies, Lessen, file for a new...
Bolt Struggles to Maintain its Valuation
Bolt Financial, a one-click payment platform and Prime Unicorn Index component, appears to be struggling to maintain its valuation as certain VCs have marked down their investments in the company. According to data from the Prime Unicorn Index, Bolt has raised nearly...
Real Estate Platform, Lessen, is raising $400 million in new Series C funding round
Lessen, Inc. has just authorized a new Series C preferred stock which could increase the valuation to $2.27 billion if all Series C shares are issued. The real estate property services company is previously backed by Navitas Capital, General Catalyst, Khosla and Fifth...
Wyre, a Crypto Payments Platform, Is NOT Shutting Down (UPDATED)
Wyre, a crypto payments and infrastructure company, is shutting down after a failed acquisition by Bolt Financial in September. The deal would have valued Wyre at $1.5B. Wyre was founded in 2013 by Ioannis Giannaros and Michael Dunworth. According to data from the...
Components in the News
What our Analysts Have Been Reading…. Overview Relativity Space Plans for First Rocket Launch Juul to Pay $1.7B to Settle Youth Vaping Lawsuits SpaceX’s Starlink Announces 1M Users; Starlink V2 Planned to Launch this Month Plaid Lays Off 20% of Staff Instacart...
Another December Markdown
Temporal Technologies took a 47% markdown according to the Prime Unicorn Index.
Can CoinList Maintain its $1.3B Valuation?
It’s no secret that many private, venture-backed companies that raised capital during the previous bull market have overinflated valuations that could soon see a significant correction. One area we’re beginning to see this in is crypto-related companies. Let’s take a look at CoinList, a Prime Unicorn Index component that could see these effects, and the opportunities these types of situations can create for investors.
Locus Robotics has a new down round
Locus Robotics has just authorized a new Series F preferred stock which could slightly increase the valuation to $1.97 billion if all Series F shares are issued. The autonomous mobile robot company is previously backed by Tiger Global, Scale Venture Partners, Zebra...
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