PRIME UNICORN INDEX

World’s First
Unicorn Index

WHITE PAPERS

Private Equity Secondary

Markets Demystified

REPORT

Q1 2021

Reconstitution Report

Discover the First Index of Private Companies

The Prime Unicorn Index is a modified market cap price return index that measures the share price performance of U.S. private companies valued at $1 billion or more. The index provides empirical data to asset managers and financial advisors interested in tracking today’s private capital markets. The index is designed for use in the creation of financial products and as a performance benchmark. 

*The Prime Unicorn Index was updated from an “equal weighting” to a “modified market cap” weighting methodology as of July 1, 2020. All references to “Prime Unicorn Index” subsequent to July 1, 2020 will reflect the modified market cap methodology.

Who is included in the Prime Unicorn Index?

The Prime Unicorn Index includes every type of company, from market disruptors to the pioneers creating and defining industries of their own.

Top Unicorns by Valuation

The ever-growing list of companies is now making Unicorn investment opportunities more lucrative than ever before.

Prime Unicorn Index 

Who can invest

in the Index?

  • Investment opportunities are available for both Institutional and Accredited Investors.

  • Investors who already own shares in the underlying component companies (i.e. VC fund managers, Family Offices, Asset Managers) or who are Limited Partners in the funds that invested into the Index companies, may want to hedge their investments by taking a short position.

  • Wealth Managers, Asset Managers, Private Banks, can get net exposure to the Pre-IPO private companies by taking a long position.

INdex Reports

Latest Index Reports

Quarterly reports detail the index, changes to the index, trends in the unicorn market, and more. 

ServiceTitan is raising $300M at 3X prior PPS

ServiceTitan has just authorized $300 million which will push the valuation north of $7 billion if all Series F shares are issued. The SaaS company  is previously backed by Index Ventures, Dragoneer, T. Rowe Price, Battery Ventures, Bessemer Venture Partners, and...

Sweetgreen Secures $156M Series J, Flat Round

Sweetgreen has just authorized $156 million which will push the valuation north of $1.6 billion if all Series J shares are issued. The salad chain company is previously backed by T. Rowe Price Associates, Revolution Growth, Fidelity Investments, D1 Capital and Lone...

Q1 2021 Reconstitution Report

About the report The Prime Unicorn Index added 9 constituents and dropped 2 in its quarterly reconstitution, for a total of 97 index components for Q1 2021. Currently, the median market cap is $2.21 billion and the Index’s total market value is $626 billion. Sentinel...

Lyra Health Secures $175M Series E Round

Lyra Health secured $175 million at a valuation of $2.25 billion if all Series E shares authorized are issued. The digital health platform is previously backed by Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP, and Greylock to name a few. The...

Discord Secures $140M, Doubles Valuation to $7B

Discord secured $140 million at a valuation of $7 billion if all Series H shares authorized are issued. The communication software company is previously backed by Index Ventures, FirstMark, IVP, and Tencent to name a few. The most recent round, Series H, follows $100...

Udemy Secures $100M Series F Round

Udemy secured $100 million at a valuation of $3.32 billion if all Series F shares authorized are issued. The educational online platform is previously backed by Benesse Holdings, Insight Venture Partners, Norwest Venture Partners and Stripes Group to name a few. The...

Duolingo Secures $35M Series H Round

Duolingo secured $35 million at a valuation of $2.21 billion if all Series H shares authorized are issued. The online language lesson platform is previously backed by CapitalG, KPCB, Union Square Ventures, NEA and Drive Capital to name a few. The most recent round,...

Feature Company: Gusto

Payroll and benefits all in one... Gusto (ZenPayroll) is an online payroll, HR, compliance and benefits platform that joined the Prime Unicorn Index in the quarterly reconstitution. The most recent $188 million Series D round included new investors Fidelity Management...

Q4 2020 Reconstitution Report: 13 added; 4 dropped

About the report The Prime Unicorn Index added 13 constituents and dropped 4 in its quarterly reconstitution, for a total of 90 index components for Q4 2020. Currently, the median market cap is $2.11 billion and the Index’s total market value is $400 billion....

Feature Company: Hims

A modern approach to healthcare... Hims is a personal wellness company for men, treating everything from mental health to hair loss. The most recent $52 million Series D round follows $102.79 million raised for Series C. The terms surrounding the Series D include pari...