Unicorn Spotlight: ezCater
Welcome back to the Unicorn Spotlight, a series where we highlight standout companies within the Prime Unicorn Index. Each edition gives a snapshot of what makes these billion-dollar private companies unique, how they reached their unicorn status, and why they play an important role in today’s market. With the holidays just around the corner, a […]
This Week in the Index: Public-Private Disconnect
Week of November 13 – November 19, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Publics get pummeled, Ripple rockets in secondaries. Big AI rounds appear on the horizon. Index +2.9% WoW. Primary Rounds & Filings […]
Throwback Thursday Highlighting Instacart, The Grocery-Delivery Unicorn Turned Decacorn
Instacart at a Glance As we head into the Thanksgiving season, a time when grocery lists grow as fast as guest counts, it’s fitting to spotlight Instacart, a company that helped redefine how millions of households stock up for the holidays. Founded in 2012 by Apoorva Mehta, Instacart launched in San Francisco as an on-demand […]
This Week in the Index- Recent IPOs on Ice
Week of November 6 – November 12, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Public components took a beating, while Devoted Health authorized its Series F round. Primary Rounds & Filings Secondary Transactions Public Components […]
This Week in the Index: BillionToOne Beats the Odds
Week of October 30 – November 5, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. BillionToOne goes public; Verkada, KoBold authorize new rounds; Cerebras sees a bump in secondaries, and publics have a rough week. Primary […]
This Week in the Index- Navan Tanks after IPO
Week of October 23 – October 29, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. Primaries picked up; secondaries were mixed (Cerebras up, Anduril/SpaceX down); publics mostly higher, led by CoreWeave. Index +0.2% WoW. Primary Rounds […]
Carta, Inc: Where Trust Met Its Match
The Rise Carta built itself into an essential tool in the private-markets ecosystem. Founded to manage cap-tables and equity plans for startups and investors, Carta amassed sensitive, private data: investor identities, shareholdings, company valuations, cap tables, and secondary transactions. It became ubiquitous in the venture / startup world. The Fall: Data Misuse & Reputation Risk […]
This Week in the Index- Redwood Materials Raises $350M
Week of October 16 – October 22, 2025 Quick Summary Welcome back to This Week in the Index, where we’ll give a brief overview of what happened this week among Prime Unicorn Index components. It was a busy week with primary rounds, secondary trades, and acquisitions. Publics pulled back. Index −0.5% WoW. Primary Rounds & […]
Throwback Thursday Highlighting Dropbox, the Cloud Collaboration Giant
Today’s Throwback Thursday is highlighting Dropbox, a former unicorn that helped reshape how we work and share files. Dropbox at a Glance Founded in 2007, Dropbox gave us the concept of “the folder in the cloud” with seamless file-syncing across devices. Its freemium model caught on rapidly in both consumer and enterprise markets, turning file […]
Prime Unicorn Index – Q4 2025 Reconstitution
The Prime Unicorn Index and Prime Unicorn 30 have completed their quarterly reconstitution, reflecting the latest private-market activity across U.S. venture-backed unicorns. This quarter saw ten new components added to the Composite Index and three removed following acquisitions, bringing the total component count to 225. Meanwhile, the Prime Unicorn 30 saw two new additions as […]