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The Prime Unicorn Index’s Impressive Return Draws Attention from the Industry

In late October The Prime Unicorn Index, the first index to track the share price performance of privately-funded U.S. companies, announced its quarterly reconstitution. But the real news, which captured the attention of Markets Insider, Benzinga, finanzen.net and hundreds of other media outlets, was the Index’s stellar year-to-date return of 25.16 percent. First, a little [...]

Instacart Authorizes $600M Series F Preferred Stock, Valuation close to $7 Billion

Instacart, the grocery delivery service that allows users to select groceries from items at stores like Whole Foods, Trader Joe's, Safeway, and Costco via a mobile phone or the Web, as raised a new round of financing. The Amended and Restated Certificate of Incorporation was filed 10/16/2018, and authorized $600M worth of new equity. If [...]

JUUL Creates a Smoke Ring Around $14.72B Valuation

E-Cigarette  start-up, JUUL Labs, is now valued at $14.72B according to the Prime Unicorn Index. The Series E round was a major up swing from their prior rounds, going from $3.10 per share to $179.25 per share.

Update: Bird Rides Files For Another $150M, 2 Weeks After Authorizing $200M

Bird Rides, an electric scooter sharing service, filed another Amended and Restated Certificate of Incorporation on 6/15/2018 authorizing $150M of Series C-1 Preferred Stock. If all of the authorized shares are issued then the Post-Money Valuation would be north of $2B. Funding began only a year ago for the scooter company with a Seed round [...]