PRIME UNICORN INDEX

World’s First
Unicorn Index

WHITE PAPERS

Private Equity Secondary

Markets Demystified

REPORT

Q4 2020

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. 

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...

Maplebear (Instacart) Secured $200M Series H Round

Maplebear (Instacart) secured $200 million at a valuation of $15.66 billion post-money for their new Series H round. The grocery delivery service company announced the funding was from existing investors Valiant Peregrine Fund and D1 Capital Partners. The most recent...

Feature Company: Opendoor

Real estate made easy... Opendoor offers a unique platform to buy and sell homes. The most recent $300 million Series E-2 round was a follow-on equity financing from investors including General Atlantic, Hawk Equity, SoftBank Vision Fund, Access Technology Ventures,...

Feature Company: Devoted Health

Insurance that cares... Devoted Health is a next-generation Medicare Advantage plan guided by a deep belief that every member should be treated like we would treat our own family. The most recent $217 million Series C round was in April 2020 and follows $300 million...

Allbirds Secures $100M Series E Down Round

Allbirds secured $100 million at a valuation of $1.56 billion if all Series E shares authorized are issued. The environmentally friendly footwear manufacturer is previously backed by Fidelity Management & Research, Baillie Gifford, T. Rowe Price, and Tiger Global...

Feature Company: Desktop Metal

3D metal printing never looked so cool... Desktop Metal is a leader in mass production and turnkey additive manufacturing solutions, offering the fastest metal 3D printing technology in the market. The most recent $160 million Series E round was led by Koch Disruptive...