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 […]
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 […]