Q3 2024 Reconstitution Update
The Prime Unicorn Index and Prime Unicorn 30 completed their quarterly reconstitution this week, and in this post, we will highlight the changes to index components. The total component count has increased to 210, with twelve companies being newly added to the Prime Unicorn Index and four companies dropping out. The Prime Unicorn 30 also […]
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 […]
Consortium Led By Goldman Sachs Invests In Multiple Index Components Via NEA Vehicle
Originally reported by Bloomberg on July 15th, 2024, a group of firms led by Goldman Sachs is investing $540 million into a vehicle created by venture capital firm NEA. The transaction enables NEA to provide liquidity to its partners and gives the investing firms exposure to multiple Prime Unicorn Index components, including Databricks, Plaid, Automation […]
ThoughtSpot Sees Valuation Drop Due To Secondary Market
ThoughtSpot, Inc., a Prime Unicorn Index component, has been marked down due to a secondary market transaction. According to Caplight data, a closed trade in June 2024 was completed at $6.80 per share, which is 73.67% less than their Series F price of $25.83 PPPS. This trade has led to ThoughtSpot’s valuation being slashed to […]
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 […]
Prime Unicorn Index IPO Pipeline
Our latest report highlights the exciting IPO pipeline within the Prime Unicorn Index, showcasing the potential of some of our component companies. Despite market challenges, firms like Databricks, Navan, ServiceTitan, Cerebras, and CoreWeave appear to be preparing for public offerings, demonstrating robust fundamentals and substantial investment interest. Download the full report to gain insights into […]
Veho Tech To Lose Its Horn?
On June 19th, 2024, an Employee Plan Exemption Notice went into effect after being filed by Veho Tech, Inc., a Prime Unicorn Index component, back in February. The price per share offered to employees of $4.78 is a 50.2% decrease from the $9.60 per share offered in their previous filing back in 2022, indicating a […]
Anduril Industries Authorizes Series F Up Round
On June 26th, 2024, Anduril Industries, a Prime Unicorn Index and Prime Unicorn 30 component, filed an updated certificate of incorporation authorizing a new Series F round at $21.74 PPPS, a 31.6% increase from the Series E price of $16.52. The round will be co-led by The Founders Fund and Sands Capital, the former having […]
Cerebras Systems Files For IPO And Authorizes Discounted Series F-1
Initially reported by The Information on June 20th, 2024, using data and filings provided by the Prime Unicorn Index, Cerebras Systems Inc. has discreetly filed for an initial public offering with securities regulators. This follows the June 6th filing of an updated certificate of incorporation which authorized a new Series F-1 round at $14.66 PPPS, a […]