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 […]
Houzz, Inc. Valuation To Fall After Latest Filing
Houzz, Inc., a Prime Unicorn Index component, recently filed a new Employee Plan Exemption Notice that went into effect on August 7th, 2024. This new plan specifies a price per share offered to employees of $3.70, which is a 40.6% drop from the company’s previous offering of $6.23 per share. This has led Houzz’s valuation […]
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 […]
Astera Labs Stock Continues To Fall From Peak
Astera Labs, Inc., a Prime Unicorn Index and Prime Unicorn 30 component, has seen its stock price and valuation fall significantly from its peak of $95.21 per share. After going public in March at $36 per share, Astera’s stock price quickly rose to more than double the initial price, hitting its peak within a week […]
Aurora Solar Acquires Lyra, Internal Valuation Jumps
On July 15th, 2024, Aurora Solar, Inc., a Prime Unicorn Index component, acquired Lyra Solar, a company focused on development and installation of solar power systems for residential and commercial properties. Lyra’s permit packaging software helps solar professionals create permit-ready plans, which will help Aurora reduce costs and complete projects more efficiently. Aurora’s new Employee […]
Q3 2024 Reconstitution Update
The Prime Unicorn Index and Prime Unicorn 30 completed their quarterly reconstitution this week, and in this post, we will highlight the changes to index components. The total component count has increased to 210, with twelve companies being newly added to the Prime Unicorn Index and four companies dropping out. The Prime Unicorn 30 also […]
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 […]