Rippling’s Recent Rise
People Center, Inc. (DBA: Rippling) has seen its share price climb in the secondary markets in the past few months. The company most recently raised a $200M Series in F in April, which valued it at nearly $12 billion. Rippling is an all-in-one HR, IT, and finance platform that helps businesses manage employee data, payroll, […]
Prime Unicorn 30 YTD: On the Road to Recovery
Prime Unicorn 30 Index Performance and Market Insights The Prime Unicorn 30 Index has seen notable fluctuations over the past 12 months, declining by over 12% during a challenging period for private venture-backed companies. However, recent data suggests that the index may be stabilizing, indicating that we could be past the peak of the correction. […]
Bloomreach’s Valuation Withers Below $1B
Bloomreach, a leading digital experience platform, has seen its valuation drop below $1 billion in the Prime Unicorn Index following a secondary transaction on August 2, 2024. Bloomreach is a Silicon Valley-based company that provides a digital experience platform for e-commerce businesses. Founded in 2009, the company offers AI-driven solutions that help businesses personalize customer […]
Soaring High: Aerospace and Defense Unicorns in the Prime Unicorn Index
The aerospace and defense sector has seen a surge of innovative companies in recent years, many of which have achieved unicorn status – private companies valued at over $1 billion. The Prime Unicorn Index, which tracks the performance of private U.S. companies, includes several noteworthy players in this field. Let’s take a closer look at […]
Popular Fitness App Strava Loses Unicorn Status
Strava, a Prime Unicorn Index component once valued at roughly $1.5 billion, has lowered its internal valuation, as evidenced through Employee Plan Exemption Notices (EPENs), which disclose the price of common shares issued to company executives. Strava is a popular fitness tracking and social networking app for athletes, particularly cyclists and runners. It allows users […]
HomeLight Raises $20 Million Down Round
Nearly two weeks ago, we reported that HomeLight had authorized a Series D-2 down round. On August 26, the company announced it had raised $20 million in new funding. This Series D-2 raise was led by Zeev Ventures, with participation from Stereo Capital and Menlo Ventures, among others. The funding was reported to be intended […]
Stumbling Unicorns: BigPanda, Qumulo fall below $1B valuations
Two index components, BigPanda and Qumulo, have lowered their internal valuations below $1 billion in recent weeks, as disclosed by Employee Plan Exemption Notices (EPENs) filed with California. BigPanda, an AI-driven IT incident management platform, filed an EPEN effective August 7, 2024, which disclosed a common share price of $0.57, lower than its share price […]
Commure Authorizes Flat Round After Acquisition Announcement
Nearly one month after agreeing to acquire Augmedix, index component Commure has authorized new Series D-1 and D Prime preferred stock, priced at $80.09 per share, the same price as its Series D stock. In July, Commure announced that it would be acquiring Augmedix, a company specializing in ambient AI medical documentation and data solutions, […]
Homelight Authorizes Series D-2 Down Round; Popular Secondary Trades Look Positive
Homelight, a component of the Prime Unicorn Index, authorized a new Series D-2 on August 6, 2024, which is priced about 38.7% lower than its Series D and D-1 preferred price. The Prime Unicorn Index is the first to cover this filing. Homelight is a real estate technology company that aims to simplify the home […]
Forward Raising $200 Million Series E-2 Down Round
Forward, a Prime Unicorn Index component providing primary care through a membership-based pod system, is raising a $200 million down round, which would value the company near $1 billion. The Prime Unicorn Index is the first to cover this new round. On August 5, 2024, Forward filed a Certificate of Incorporation (COI) with the state […]