Divvy Homes Sees 73% Markdown
Divvy Homes, founded in 2017, is a fintech company that aims to simplify the path to homeownership. By offering a lease-to-own model, Divvy enables potential homebuyers to start with renting and incrementally build equity in their homes with each monthly payment. This unique approach provides an alternative to traditional mortgages, making homeownership more accessible to […]
Component Highlights: Brex
Overview Brex is a fintech company that has revolutionized the corporate credit card landscape. Founded in 2017 by Henrique Dubugras and Pedro Franceschi, two young entrepreneurs from Brazil, Brex offers a unique credit card specifically designed for startups, e-commerce brands, and other businesses. Unlike traditional credit cards, Brex determines credit limits based on a company’s […]
Farmer’s Business Network
Introduction Farmer’s Business Network Inc., located in San Carlos, CA, is a pivotal entity in the agritech sector. It is also a component of the Prime Unicorn Index. With its innovative solutions and extensive reach, the company stands out as a significant contributor to advancements in agricultural practices and technologies. It operates in the realm […]
The Landscape of Upcoming Unicorn IPOs
The IPO market is buzzing with anticipation as several unicorn companies, including Discord, ServiceTitan, Astera Labs, and Rubrik, are speculated to be contemplating going public, as reported in The Information. This comes amidst a backdrop of a revitalized tech IPO market, which, despite facing headwinds like high interest rates and macroeconomic ambiguity, has witnessed the […]
Investor Highlights: Sequoia Capital (Part 1)
Sequoia Capital, founded in 1972, is a globally renowned venture capital firm recognized for its significant role in empowering transformative companies across various sectors, including technology, healthcare, and consumer services. With its headquarters in Menlo Park, California, and offices worldwide, Sequoia specializes in investments at every stage and is known for its founder-centric approach, focusing […]
Component Highlights: CaptivateIQ
In the competitive landscape of software companies, CaptivateIQ stands out as a notable component of the Prime Unicorn Index. The Prime Unicorn Index benchmark, the standard bearer for private markets benchmarking, tracks post-money valuations for U.S-based, VC-backed private companies. Reflecting the broader private market, the Index is down 7.01% year to date and dropped 15.37% […]
IPOs in the Prime Unicorn Index
Yesterday, Instacart’s IPO marked the first public offering of a Prime Unicorn Index component in 18 months. Similar to Arm’s recent IPO, it appeared to be a success, with the stock opening at $42, 40% higher than the initial IPO price of $30, and closing at $33.70, up 12%. Under 8% of outstanding shares were […]
Databricks Raises New Series I Round
Databricks is the developer of an integrated analytics platform aimed at simplifying complex data analysis. The platform streamlines data amalgamation, enables real-time data investigation, offers interactive digital notebooks, and incorporates seamless workflows while ensuring enterprise-level security. By bringing together data science, engineering, and business operations, the platform enhances the efficiency, performance, and security for data […]
Instacart IPO Valuation: The Only Lower Price at the Grocery Store?
Maplebear Inc (dba Instacart) was founded a decade ago and introduced a new model for online grocery shopping and convenient home delivery. The company has been wildly successful and offers retail enablement solutions for more than 1,400 retail banners across more than 80,000 locations. After a Series A and Series B round in 2013 and […]
Databricks: What Lies Ahead
Databricks, the third-largest component of the Prime Unicorn Index, is the developer of an integrated analytics platform aimed at simplifying complex data analysis. The platform streamlines data amalgamation, enables real-time data investigation, offers interactive digital notebooks, and incorporates seamless workflows while ensuring enterprise-level security. By bringing together data science, engineering, and business operations, the platform […]