Q1 2018 Prime Unicorn Index Reconstitution Report

Post by Lagniappe Labs LLC

The Prime Unicorn Index added nine constituents and dropped one in its quarterly reconstitution, for a total of 93 index components as of Q1 2018.

The additions to the Index are: Urban Compass, AvidXchange, Discord, Bolt Threads, Proterra, WellTok, Flatiron Health, Health Catalyst, and Pindrop Security.

The deletion from the Index is: Forescout Technologies

As more high-performing companies defer or eliminate plans to go public, the demand for information and investment exposure to this growing portion of the American economy has soared. The Q1 2018 Prime Unicorn Index Reconstitution Report provides more information on the new nine constituents and how they compare against the Index.

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IVC-APM Most Active Venture Capital Funds in Israel – 2017

Guest Post by: IVC Research Center

»  Israeli VC’s activity grows with 212 first investments – 48% of the total – a 5-year record
»  Number of early stage rounds (seed + A rounds) dropped 14% in 2017 compared to 2016

»  An increase of 22% in the number of first investments in B rounds in 2017 compared to 2016

Vertex Israel ranked at the top of the 2017 list with 12 first investments. aMoon Partners, a life sciences fund managed by Check Point founder Marius Nacht, ranked second, performing 11 new investments from its $150 million fund. Three funds shared third place – F2 Capital, iAngels Seed Fund and Mindset Ventures with ten new investments each…Read more

The report contains analyses based on the IVC Most Active Investors Dashboard, an IVC Industry Analyticsbusiness intelligence product, containing detailed information on active VC and other investors via an interactive, user-friendly interface.

The Top 20 Most Active Investors Dashboard and Most Active Investors Visual Dashboard are available online to IVC Industry Analytics subscribers only and present a wealth of continually updated investor data, which can be filtered according to year, type of investor, type of investment and more.

Previous Reports

   » See 2016 Most Active Funds – Press Release

» See 2015 Most Active Funds – Press Release

   » See 2014 Most Active Funds – Press Release

» See 2013 Most Active Funds – Press Release

» See 2012 Most Active Funds – Press Release

Q4 2017 Prime Unicorn Index Trend Report from Lagniappe Labs, LLC

The Q4 2017 Prime Unicorn Index Trend Report is an analysis of 85 components that comprised the Index in the last quarter of 2017. The Index includes both unicorns and “approaching unicorns,” which are private companies with a valuation of at least $500 million. Valuations for individual components are determined by an analysis of various documents, such as: Certificates of Incorporation, Employee-Plan Exemption Notices, Limited-Offering Exemption Notices, Annual Report filings, Form Ds, bankruptcy filings, and many more sources. Utilizing all sources, we can extract key Deal Terms, such as: Round of Financing, Round Direction, Liquidation Preference, Liquidation Multiple and Dividend Rate. The report analyzes the different trending deal terms for a more granular picture of the capitalization structures surrounding the Q4 2017 Index components.

The Prime Unicorn Index Announces Quarterly Reconstitution

The Prime Unicorn Index, the first index to track the share price performance of privately-funded U.S. companies, today announces its quarterly reconstitution. The index, which gives equal-weighting to its constituents, has added nine companies that qualify as Unicorns or Approaching Unicorns to its previous list of 85 privately funded companies.

The companies added to the index include AvidXchange Inc., Proterra Inc., WellTok Inc., Health Catalyst Inc., Flatiron Health Inc., Urban Compass Inc., Pindrop Security Inc., Bolt Threads Inc. and Discord Inc. The reconstitution was effective at market close on Jan. 17, 2018.

With investor appetite for companies that have not yet made their shares available via IPO soaring, companies that have surpassed $1 billion valuations are given Unicorn status, while companies that have achieved $500 million valuations are classified as Approaching Unicorns in the Prime Unicorn Index. Reconstitution of the index relies heavily on Lagniappe Labs’ proprietary research and difficult-to-source, objective data to determine true valuations of privately-funded companies in a measurable and verifiable way.

“The Prime Unicorn Index serves to benchmark the performance of private companies in line with how the S&P 500 Index tracks publicly traded companies,” noted Barrett. “We are excited to be the primary resource for investors and help them better understand how to assign the true valuation of private companies as they look to go public.”

The new constituents join the index’s well-known companies, including Uber, WeWork and AirBnB. The newly added components are market leaders in technology, software and healthcare and all have excellent investor bases.  

“Taken as a whole the Prime Unicorn Index achieved a positive return of 9.3% in 2017 and provides a unique way for institutional investors to access the private markets, whether they want to go long or short,” added Barrett.

For more information, please visit PrimeUnicornIndex.com.

About The Prime Unicorn Index

The Prime Unicorn Index is an equally-weighted price return index that measures the share price performance of U.S. private companies valued at $500 million or more. The Index was launched by Lagniappe Labs and Level ETF Ventures. The index uses Lagniappe Labs’ proprietary research and difficult-to-source, objective data to determine true valuations for privately-funded companies in a measurable and verifiable way.

About Lagniappe Labs

Lagniappe Labs uses state, federal and difficult-to-acquire corporate filings in a fully configurable platform that allows users to analyze the value of privately held companies. The technology provides tools and data to build financial models on specific sectors, people, industries, investors and more. Lagniappe Labs federates disparate sources of information to drive objective analysis on private company investments.

Lagniappe Labs replaces subjective and error-prone ‘wiki’ data with actual corporate documents and data so investors and potential investors in privately held companies have true and accurate information to drive decision making.