The Prime Unicorn Index has recently shown more signs of recovery, with Lightmatter raising a $400 Series D, components making acquisitions, and multiple valuation bumps following secondary transactions. Let’s take a look.
Lightmatter’s Series D
On October 16, Lightmatter announced that it had raised a $400 million Series D round at a $4.4 billion post-money valuation from T. Rowe Price, Fidelity, and GV. Remarkably, this round was priced at $80.23 PPPS, nearly 2.1x higher than its Series C price of $26.0018.
Acquisitions
Earlier this week, it was announced that Socure, a digital identity verification and predictive analytics firm, would be acquiring Effectiv, a real-time fraud and risk decisioning technology provider, for $136 million. Additionally, Carta announced that it had acquired Tactyc, a provider of a platform for portfolio modeling, management, and reporting, for an undisclosed amount.
Secondaries
This week saw a slight recovery for some Index components in the secondary markets. EquipmentShare saw its share price climb from $10 to $13.25, while Brex saw its share price rise to $10 from $8.