Proterra Buses in $100M Funding Round

Original Post By: Prime Unicorn Index

Manufacturer of zero-emission electric buses, Proterra, filed a Restated Certificate of Incorporation on 5/18/2018 authorizing $100M in new equity funding. The Series 7 Preferred Stock is an Up-Round at $6.526419 per share. Here’s how they are currently tracking against the Prime Unicorn Index:

 

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9 New York Companies Poised for an IPO

Original Post By: Prime Unicorn Index

From software to exercise bikes, these 9 New York companies are poised for an IPO according to the Prime Unicorn Index.

1. Urban Compass, Inc.

Description: Urban Compass develops a technology-driven real estate platform that enables agents and clients to streamline and transform the process of finding a home.

 

Total Funding: $298.24 M

Post-Money Valuation: $1,635,175,017

 

2. WeWork Companies, Inc.

Description: WeWork provides promising early-stage startups with a shared workspace and assists them with the tools, community, and connections they need to go from a prototype to a functional business.

Total Funding: $996.91 M

Post-Money Valuation: $11,255,230,718

 

3. Payoneer, Inc.

Description: Payoneer provides hosted payout solutions for companies that pay people worldwide using prepaid debit MasterCard(R), wire transfers, and e-checks.

 

Total Funding: $146.70 M

Post-Money Valuation: $1,054,530,291

 

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Avalara Plans to go Public, Files S-1

Original Post by: Prime Unicorn Index

IPO Outlook: Avalara Files S-1

Tax compliance company, Avalara, plans to go public after raising almost $300M in funding since 2005. Here’s how they are currently tracking against the index:

Avalara_IndexComparison_05152018

Avalara started raising money back in 2005, with their last round in 2016. Their Valuation started to skyrocket after their Series B round in 2011, and almost made Unicorn Status in 2016 with a Post-Money Valuation of $961,249,997.

Avalara_ValTimeline_05142018

 

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Fuze Raises $150M, Major Down Round Valued at $459M

Original Post by: Prime Unicorn Index

Fuze filed an Amended and Restated Certificate of Incorporation on May 4, 2018 authorizing a new Series G at a down round compared to their Series F. Price Per Share of Series G is at $2.00, and lowered the valuation from $772M to $459M.

Here’s how they are currently tracking against the Prime Unicorn Index:

Fuze_IndexComparison_05102018

The Post-Money Valuation after the Series G round is $458,734,421:

Fuze_ValTimeline_05102018

Price per share dropped from $6.44132 (Series F) to $2.00 (Series G):

Fuze_PriceTimeline_05102018

 

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ThoughtSpot Raises $145M, Gets Closer To Unicorn Status

Original Post by: Prime Unicorn Index

Screenshot 2018-05-08 14.07.14

ThoughtSpot, a big data and analytics software company, filed an Amended and Restated Certificate of Incorporation on April 2, 2018 confirming a $145M investment. This latest Series D round puts their post-money valuation closer to Unicorn status at $888M. Backers included General Catalyst, Khosla, Future Fund, Lightspeed, and Sapphire Ventures.

Co-Founder Ajeet Singh, who previously took Nutanix public, created ThoughSpot to bring the insights of big data to non-technical individuals by allowing them to search corporate data much like you would search Google.

 

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Prime Unicorn Index: Q2 Reconstitution Report

The Prime Unicorn Index added ten constituents and dropped three in its quarterly reconstitution, for a total of 100 index components as of Q2 2018.

The additions to the Index are:

  • Turbonomic
  • Peloton Interactive
  • Pollen
  • Sweetgreens
  • YapStone
  • Ziprecruiter
  • Rent the Runway
  • Twist Bioscience
  • Planet Labs
  • Wag Labs

The deletions from the Index are:

  • Flatiron Health (Acquired by Roche)
  • Hot Chalk (New valuation less than $500M)
  • Zscaler (IPO)

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 Q2 Prime Unicorn Reconstitution Report provides more information on the new ten constituents and how they compare against the Index.

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