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 […]
Cerebras IPO Update
In June, we issued a post discussing Cerebras Systems’ Series F-1 and IPO filing. Since then, the company has issued its own press release regarding the filing, and there has been more speculation on the timing of the listing. On July 31, Cerebras issued a press release disclosing that it had filed confidentially to go […]
JD Vance: VC to VP?
Last week, Donald Trump announced JD Vance as his running mate for the 2024 presidential election. While Vance is widely known for his bestselling memoir “Hillbilly Elegy” and his current role as a U.S. Senator from Ohio, many may not be aware that he spent a significant portion of his career in the world of […]
Placer.ai Sees a Slight Valuation Bump Through Series C-1 Authorization
Placer Labs (DBA: Placer.ai), a component of the Prime Unicorn Index, authorized a new Series C-1 on July 10, 2024, which is priced about 5.5% higher than its Series C preferred price. Placer.ai is a data analytics company specializing in providing location-based insights for businesses. By utilizing advanced geospatial technology and machine learning, they offer […]
Public Components Update
Last week, we covered a handful of components that appear to be eyeing an IPO in the near future. However, much of this depends on the current performance of the public markets and, more specifically, other recent IPOs. The Prime Unicorn Index retains companies for a period after its IPO to mirror a traditional lockup […]
Prime Unicorn Index IPO Pipeline
Our latest report highlights the exciting IPO pipeline within the Prime Unicorn Index, showcasing the potential of some of our component companies. Despite market challenges, firms like Databricks, Navan, ServiceTitan, Cerebras, and CoreWeave appear to be preparing for public offerings, demonstrating robust fundamentals and substantial investment interest. Download the full report to gain insights into […]
Cityblock Health Authorizes Series X Stock at a Steep Discount
On June 18, 2024, Cityblock Health, Inc. authorized a new Series X stock, priced significantly lower than its previous Series D stock. Cityblock Health is a tech-driven healthcare provider that delivers comprehensive, personalized care to underserved urban populations. Founded in 2017 as a spinoff of Alphabet’s Sidewalk Labs, Cityblock leverages data and technology to address […]
Harness Acquires Split & Authorizes New Junior Preferred Round
On June 12, 2024, Prime Unicorn Index component Harness announced it had completed an acquisition of Split Software, a leading feature management and experimentation provider. Harness claims that, following the acquisition, “businesses will no longer need to purchase single-point solutions to meet their end-to-end software delivery requirements.” Harness is a software delivery platform that automates […]
Databricks, Anthropic Make Big Moves
Over the past few weeks, Prime Unicorn Index component Anthropic has made multiple significant moves, hiring former Airbnb and Fanatic executive Krishna Rao as CFO and Mike Krieger, co-founder of Instagram, as Chief Product Officer. As previously reported, Anthropic has closed funding deals worth about $7.3 billion in the past year, and its recent deal […]