In recent times, the venture capital landscape has been characterized by a cautious approach, with down rounds and flat rounds becoming increasingly common as investors recalibrate their expectations in a shifting economic environment. However, amidst this cautious backdrop, there are standout companies that defy the trend, securing up rounds that signal strong investor confidence and robust business growth. Three such companies, all components of the Prime Unicorn Composite Index, have recently authorized new funding rounds that are worth highlighting: Flock Safety, Human Interest, and FloQast.
Flock Safety
Flock Safety, a public safety technology company, has continued to attract investor interest with its innovative solutions. The company provides automated license plate reading cameras and video analytics, enabling law enforcement agencies and communities to proactively address safety concerns and reduce crime.
Flock Safety has raised a total of $382 million from investors, including Kleiner Perkins, Spark Capital, Tiger Global, Andreessen Horowitz, Founders Fund, Y Combinator, and others. On March 8, 2024, Flock authorized a Series G round at $101.26 PPPS, a step up from its Series F price of $91.55. This new round gives the company a pre-money valuation of $3.5 billion.
Human Interest
Human Interest is addressing a critical gap in the retirement savings market by offering accessible and affordable 401(k) plans for small businesses. With a focus on ease of use and automation, Human Interest is democratizing retirement savings, making it possible for employees of smaller companies to plan for their future with confidence.
Human Interest has raised a total of $327 million from investors, including SoftBank, Slow Ventures, NewView, Glynn Capital Management, Uncork Capital, US Venture Partners, Wing Venture Partners, and others. On March 11, 2024, Human Interest authorized a Series E round at $8.08 PPPS, a slight increase from its Series D price of $7.88. This new round gives the company a pre-money valuation of $1.2 billion.
FloQast
FloQast is revolutionizing the way accounting teams operate by providing a platform that automates and streamlines the financial close process. By enhancing efficiency and accuracy, FloQast helps companies close their books faster and with greater confidence.
FloQast has raised a total of $203 million from investors, including Redpoint Ventures, Sapphire Ventures, Insight Venture Partners, Polaris Partners, Norwest Venture Partners, Meritech Capital Partners, and others. On March 11, 2024, FloQast authorized a Series E round at $16.56 PPPS, up from its Series D price of $14.56. This new round gives the company a pre-money valuation of $1.4 billion.
See how the Prime Unicorn Composite Index has performed below.
