Individual InvestorsEmployee Shareholders Institutional InvestorsPrivate Companies Accredited InvestorsSeed & Angel InvestorsAsset Managers & Hedge FundsFamily OfficesVenture Capital FirmsWealth Managers & RIAsWho We Serve Trading Data Liquidity Programs Retirement Individual InvestingForge MarketplaceFind new private company investment opportunities​Browse CompaniesInstitutional TradingForge ProTrade private companies with Forge’s institutional brokerage tool​Data solutionsForge PriceA proprietary indicative price, calculated daily, for approximately 200 pre-IPO companiesForge DataAnalyze private markets via Forge’s intuitive web application​Index solutionsForge Private Market Index​Monitor a benchmark for actively traded private companies ​Forge Accuidity Private Market Index​Invest in an institutionally-managed diversified basket of private companies (QPs only)​Forge Thematic BasketsExplore focused views into key private market themesLiquidity ProgramsRetain and reward employees with company-sponsored liquidity solutions like tender offers and customized programsSelf-Directed IRAForge TrustInvest in private companies and other alternative assets through a tax-advantaged Self-Directed IRAWhat We Do All insights Reports and highlights News and trends Private market education Tips and tutorials Forge Investment OutlookPrivate Market UpdatesIPO calendarPrivate Magnificent 7Emerging trendsPrivate company newsUpcoming IPOsAll guidesPrivate market basicsPrivate shares transactionsValuations, pricing and market trendsSelling in the private marketFAQsGlossaryCompany page and tradesProof of ownershipBid and ask submissionsForge fund offeringsInsights About UsLeadershipPeople & CultureCareers About
Log InSign Up
Who We Serve
What We Do
Insights
About

The Forge Private Market Index

Benchmark for actively traded private companies

The Forge Private Market Index reflects the up-to-date performance and pricing activity of venture-backed, late-stage companies that are actively traded in the private market.

Please provide a valid email address.
What is the Forge Price™ shown above?Info
All ticker data above updated as of: 7/16/26
Index Performance of Hypothetical $10,000
Chevron
Forge Private Market Index
SPY
QQQ
IWM
IPO
Annual Returns 2019 2020 2021 2022 2023 2024 2025 2026 YTD
Forge Private Market Index 34.4% 72.3% 112.9% -44.3% -20.2% 6.7% 94.7% 54.7%
SPY 31.2% 18.4% 28.7% -18.2% 26.2% 24.9% 17.7% 11.3%

Non-Forge Private Market Index data from Quandl and Sharadar.

The performance of the Forge Private Market Index above does not represent the performance of any actual investment, as you cannot invest in the index, but rather reflects the hypothetical growth of a $10,000 investment in a basket of securities based on the Index. Read additional disclaimers.

Index composition

Companies

Company Sector & Subsector Weight Return QTD Return YTD
Addepar Addepar
Fintech
Fintech Software
1.24% 0.00% -23.00%
Airtable Airtable
Enterprise Software
Communication & Collaboration Software
1.55% 0.00% -5.00%
Anduril Anduril
Industrial
Aerospace & Defense
1.82% 0.00% +13.00%
Anthropic Anthropic
Enterprise Software
Data Intelligence
3.50% 0.00% +116.00%
Apptronik Apptronik
Industrial
Robotics
1.62% 0.00% 0.00%
Automation Anywhere Automation Anywhere
Enterprise Software
Productivity
1.64% +1.00% +1.00%
Ayar Labs Ayar Labs
Technology Hardware
Computing Hardware
3.67% +15.00% +126.00%
Chainalysis Chainalysis
Fintech
Blockchain Software
1.39% 0.00% -14.00%
ConsenSys ConsenSys
Fintech
Blockchain
1.62% 0.00% 0.00%
Cresta Cresta
Enterprise Software
Business Operations
1.77% 0.00% +9.00%
Databricks Databricks
Enterprise Software
Data Intelligence
1.99% 0.00% +22.00%
Dataminr Dataminr
Enterprise Software
Data Intelligence
1.27% -1.00% -22.00%
Epic Games Epic Games
Consumer & Lifestyle
Gaming
1.14% +4.00% -30.00%
Fin Fin
Enterprise Software
Sales & Marketing / Adtech
1.67% 0.00% +3.00%
Flexport Flexport
Industrial
Logistics
1.46% 0.00% -10.00%
FloQast FloQast
Enterprise Software
Business Operations
1.28% 0.00% -21.00%
Gecko Robotics Gecko Robotics
Industrial
Robotics
1.62% 0.00% 0.00%
Glean Glean
Enterprise Software
Data Intelligence
1.27% 0.00% -22.00%
Groq Groq
Enterprise Software
Data Intelligence
3.48% 0.00% +115.00%
Harness Harness
Enterprise Software
Software Development
0.89% 0.00% -45.00%
Kraken Kraken
Fintech
Blockchain
1.25% -19.00% -23.00%
Lambda Lambda
Enterprise Software
Cloud / Networking Infrastructure
1.69% 0.00% +4.00%
Lightmatter Lightmatter
Technology Hardware
Computing Hardware
2.75% -5.00% +70.00%
Liquid Death Liquid Death
Foodtech
Food Products & Services
1.41% -1.00% -13.00%
Lyten Lyten
Energy
Energy Storage
2.46% 0.00% +52.00%
Mercury Mercury
Fintech
Digital Banking
1.90% +2.00% +17.00%
Neuralink Neuralink
Healthcare
Medical Devices
1.62% 0.00% 0.00%
OpenAI OpenAI
Enterprise Software
Data Intelligence
2.34% 0.00% +45.00%
Perplexity Perplexity
Enterprise Software
Data Intelligence
1.51% 0.00% -7.00%
Polymarket Polymarket
Fintech
Blockchain
1.88% -5.00% +16.00%
Postman Postman
Enterprise Software
Software Development
1.08% -25.00% -33.00%
PsiQuantum PsiQuantum
Technology Hardware
Computing Hardware
1.46% 0.00% -10.00%
Ramp Ramp
Fintech
Digital Banking
2.20% +1.00% +36.00%
Redwood Materials Redwood Materials
Energy
Energy Storage
1.30% -5.00% -19.00%
Ripple Ripple
Fintech
Payments
1.23% -3.00% -24.00%
Rippling Rippling
Enterprise Software
Human Resources
1.45% 0.00% -11.00%
SambaNova Systems SambaNova Systems
Enterprise Software
Data Intelligence
14.71% +263.00% +808.00%
SandboxAQ SandboxAQ
Enterprise Software
Data Intelligence
4.33% 0.00% +167.00%
Shield AI Shield AI
Industrial
Aerospace & Defense
3.06% 0.00% +89.00%
Stripe Stripe
Fintech
Payments
3.24% 0.00% +100.00%
Tanium Tanium
Enterprise Software
Cybersecurity
2.22% 0.00% +37.00%
The Farmer's Dog The Farmer's Dog
Foodtech
Food Products & Services
1.62% 0.00% 0.00%
Thinking Machines Lab Thinking Machines Lab
Enterprise Software
Data Intelligence
1.70% 0.00% +5.00%
Thrive Market Thrive Market
Foodtech
Food Products & Services
1.71% 0.00% +5.00%
Upgrade Upgrade
Fintech
Digital Banking
1.13% 0.00% -30.00%
Zipline Zipline
Transportation
Delivery Services
2.86% +53.00% +76.00%

Sector allocation

Sector
Enterprise Software51.3%
Fintech17.1%
Industrial9.6%
Technology Hardware7.9%
Foodtech4.7%
Energy3.8%
Transportation2.9%
Healthcare1.6%
Consumer & Lifestyle1.1%

Methodology

The index is valued daily, with daily website updates and annual rebalance and reconstitution.

The index includes U.S. domiciled companies that have raised at least one round of primary funding and have higher relative secondary liquidity in the past 12 months.

Companies are selected for index inclusion based on a proprietary scoring model which incorporates key pricing and liquidity information such as closed trade prices, volume, and bid/ask pricing indications.

Continue to explore our indexes

Thematic Baskets
Thematic Baskets

Focused views into key private market themes. Designed for research and analytical purposes, offers targeted insight into high-growth industries and secondary market activity.

Custom index solutions
Custom index solutions

Asset and wealth managers can tap into Forge's proprietary private market data, deep research capabilities and unmatched infrastructure to build custom indexes and more targeted exposures to meet evolving client demands and keep pace with a rapidly changing asset class.

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

Index Performance of Hypothetical $10,000” chart full disclaimer with respect to Forge Private Market Index performance:The chart above does not represent the performance of any actual investment, as you cannot invest in an index. Additionally, it assumes reinvestment of dividends and capital gains in the constituent securities but does not reflect any fees or commissions that may be incurred in purchasing or selling such securities, which would lower the figures shown if included. Further, $10,000 may not be a sufficient amount to invest simultaneously in all securities contributing to the performance shown, which would further prevent an investor from matching the performance shown. The performance shown represents past performance, and past performance is not indicative of future results.

Neither reference to company names, nor inclusion of companies in the Forge Private Market Index, implies any affiliation between Forge or its affiliates and any company, any endorsement or sponsorship of Forge or its affiliates by any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge or its affiliates and any company. Rights with respect to any company marks referred to herein are, as between Forge and its affiliates and such company, owned by the company.

©2026 Forge Data LLC (“Forge Data”). All rights reserved. The Forge Private Market Index is calculated and disseminated by Forge Data and is a mark of Forge Data. All rights reserved. The Forge Private Market Index is solely for informational purposes and is based upon information from sources believed to be reliable. It is not possible to invest in the Forge Private Market Index, and Forge Data makes no assurance that any investment products based on or underlying the Forge Private Market Index will accurately track index performance or provide positive investment performance. The index methodology assigns equal weights to all constituents at each scheduled rebalance date. Forge Data is not an investment adviser and makes no representation regarding the advisability of investing in any asset classes or investment vehicles. Private company securities are highly illiquid, and the Forge Private Market Index may rely on a very limited number of trade and/or IOI inputs in its calculation. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see Forge Private Market Index Disclaimers & Acknowledgments for other important disclaimers, disclosures and restrictions related to the Forge Private Market Index that you acknowledge by using this website and to which you are subject.