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.

Index Performance - Growth of Hypothetical $10,000

Green down chevron
Forge Private Market Index
QQQ
IWM
IPO
Annual Returns 2019 2020 2021 2022 2023
Forge Private Market Index 34.4% 72.3% 112.9% -44.3% -18.6%
IPO ETF 35.0% 108.5% -10.3% -57.3% 19.3%

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.

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.

Discord$300.00Negative Change$16.65 (5%)
Roofstock$3.00Negative Change$3.36 (53%)
Convoy$9.00Negative Change$2.98 (25%)
SingleStore (MemSQL)$3.33Negative Change$0.04 (1%)
Highspot$3.75Positive Change$0.76 (25%)
Instacart$31.19Positive Change$4.19 (16%)
ThoughtSpot$8.23Negative Change$0.05 (1%)
Tanium$5.00Negative Change$0.69 (12%)
Dataminr$11.84Negative Change$0.04 (0%)
SpaceX$820.83Positive Change$0.37 (0%)
Patreon$13.24Positive Change$0.39 (3%)
Chainalysis$10.90Positive Change$0.02 (0%)
Mark43$4.00Negative Change$2.86 (42%)
Flexport$8.79Negative Change$0.04 (0%)
Turo$9.68Positive Change$2.18 (29%)
Postman$8.31Positive Change$0.12 (1%)
Mercury$54.73Positive Change$1.72 (3%)
Standard AI$5.00Negative Change$2.01 (29%)
Apollo Graph$3.98Negative Change$0.02 (0%)
Asapp$2.25Negative Change$0.36 (14%)
Discord$300.00Negative Change$16.65 (5%)
Roofstock$3.00Negative Change$3.36 (53%)
Convoy$9.00Negative Change$2.98 (25%)
SingleStore (MemSQL)$3.33Negative Change$0.04 (1%)
Highspot$3.75Positive Change$0.76 (25%)
Instacart$31.19Positive Change$4.19 (16%)
ThoughtSpot$8.23Negative Change$0.05 (1%)
Tanium$5.00Negative Change$0.69 (12%)
Dataminr$11.84Negative Change$0.04 (0%)
SpaceX$820.83Positive Change$0.37 (0%)
Patreon$13.24Positive Change$0.39 (3%)
Chainalysis$10.90Positive Change$0.02 (0%)
Mark43$4.00Negative Change$2.86 (42%)
Flexport$8.79Negative Change$0.04 (0%)
Turo$9.68Positive Change$2.18 (29%)
Postman$8.31Positive Change$0.12 (1%)
Mercury$54.73Positive Change$1.72 (3%)
Standard AI$5.00Negative Change$2.01 (29%)
Apollo Graph$3.98Negative Change$0.02 (0%)
Asapp$2.25Negative Change$0.36 (14%)
What is the Forge Private Market Index Price shown above?Info
All data included updated as of: 5/24/23

Index Composition

Companies

Name Sector Subsector Return QTDInformation Return YTDInformation Bids Asks
Addepar
FinTech / FinTech software
Chevron
Return QTDInformation
-9%
Bids
NoBids
Return YTDInformation
-22%
Asks
YesAsks
FinTech FinTech software -9% -22% NoBids YesAsks
Andela
Consumer & Lifestyle / E-commerce
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
0%
Asks
YesAsks
Consumer & Lifestyle E-commerce 0% 0% YesBids YesAsks
Anduril
Industrial / Industrial software
Chevron
Return QTDInformation
14%
Bids
YesBids
Return YTDInformation
11%
Asks
YesAsks
Industrial Industrial software 14% 11% YesBids YesAsks
Apollo Graph
Enterprise Software / Software Development
Chevron
Return QTDInformation
0%
Bids
NoBids
Return YTDInformation
10%
Asks
YesAsks
Enterprise Software Software Development 0% 10% NoBids YesAsks
Arctic Wolf
Enterprise Software / Cybersecurity
Chevron
Return QTDInformation
5%
Bids
YesBids
Return YTDInformation
-31%
Asks
YesAsks
Enterprise Software Cybersecurity 5% -31% YesBids YesAsks
Artsy
Consumer & Lifestyle / E-commerce
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
0%
Asks
YesAsks
Consumer & Lifestyle E-commerce 0% 0% YesBids YesAsks
Asapp
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTDInformation
-15%
Bids
NoBids
Return YTDInformation
-16%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech -15% -16% NoBids YesAsks
Attentive
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
5%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 0% 5% YesBids YesAsks
Automation Anywhere
Enterprise Software / Productivity
Chevron
Return QTDInformation
4%
Bids
YesBids
Return YTDInformation
-57%
Asks
YesAsks
Enterprise Software Productivity 4% -57% YesBids YesAsks
BitPay
FinTech / Payments
Chevron
Return QTDInformation
-11%
Bids
YesBids
Return YTDInformation
-11%
Asks
YesAsks
FinTech Payments -11% -11% YesBids YesAsks
Calm
Healthcare / Digital Health
Chevron
Return QTDInformation
14%
Bids
NoBids
Return YTDInformation
-21%
Asks
YesAsks
Healthcare Digital Health 14% -21% NoBids YesAsks
Cameo
Consumer & Lifestyle / Entertainment
Chevron
Return QTDInformation
-38%
Bids
NoBids
Return YTDInformation
-54%
Asks
YesAsks
Consumer & Lifestyle Entertainment -38% -54% NoBids YesAsks
Carbon
Industrial / Manufacturing
Chevron
Return QTDInformation
-1%
Bids
NoBids
Return YTDInformation
-18%
Asks
YesAsks
Industrial Manufacturing -1% -18% NoBids YesAsks
Chainalysis
FinTech / Blockchain software
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-30%
Asks
YesAsks
FinTech Blockchain software 0% -30% YesBids YesAsks
Chime
FinTech / Digital Banking
Chevron
Return QTDInformation
-20%
Bids
NoBids
Return YTDInformation
-23%
Asks
YesAsks
FinTech Digital Banking -20% -23% NoBids YesAsks
Cityblock Health
Healthcare / Healthcare providers & services
Chevron
Return QTDInformation
-5%
Bids
NoBids
Return YTDInformation
-19%
Asks
YesAsks
Healthcare Healthcare providers & services -5% -19% NoBids YesAsks
ConsenSys
FinTech / Blockchain
Chevron
Return QTDInformation
-1%
Bids
YesBids
Return YTDInformation
-35%
Asks
YesAsks
FinTech Blockchain -1% -35% YesBids YesAsks
Convoy
Industrial / Logistics
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-28%
Asks
YesAsks
Industrial Logistics 0% -28% YesBids YesAsks
Dataminr
Enterprise Software / Data Intelligence
Chevron
Return QTDInformation
1%
Bids
YesBids
Return YTDInformation
-11%
Asks
YesAsks
Enterprise Software Data Intelligence 1% -11% YesBids YesAsks
Delphix
Enterprise Software / Data Management / Storage
Chevron
Return QTDInformation
0%
Bids
NoBids
Return YTDInformation
-20%
Asks
YesAsks
Enterprise Software Data Management / Storage 0% -20% NoBids YesAsks
Dialpad
Enterprise Software / Communication & Collaboration software
Chevron
Return QTDInformation
-20%
Bids
YesBids
Return YTDInformation
-59%
Asks
YesAsks
Enterprise Software Communication & Collaboration software -20% -59% YesBids YesAsks
Discord
Consumer & Lifestyle / Social
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-19%
Asks
YesAsks
Consumer & Lifestyle Social 0% -19% YesBids YesAsks
Domino Data Lab
Enterprise Software / Data Intelligence
Chevron
Return QTDInformation
0%
Bids
NoBids
Return YTDInformation
12%
Asks
YesAsks
Enterprise Software Data Intelligence 0% 12% NoBids YesAsks
Eat Just
FoodTech / Animal-free protein
Chevron
Return QTDInformation
-1%
Bids
YesBids
Return YTDInformation
-45%
Asks
YesAsks
FoodTech Animal-free protein -1% -45% YesBids YesAsks
Epic Games
Consumer & Lifestyle / Gaming
Chevron
Return QTDInformation
-9%
Bids
YesBids
Return YTDInformation
2%
Asks
YesAsks
Consumer & Lifestyle Gaming -9% 2% YesBids YesAsks
EquipmentShare
Industrial / Construction
Chevron
Return QTDInformation
18%
Bids
YesBids
Return YTDInformation
18%
Asks
YesAsks
Industrial Construction 18% 18% YesBids YesAsks
Exabeam
Enterprise Software / Cybersecurity
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
2%
Asks
YesAsks
Enterprise Software Cybersecurity 0% 2% YesBids YesAsks
Farmer's Business Network
FoodTech / AgTech
Chevron
Return QTDInformation
-20%
Bids
YesBids
Return YTDInformation
-32%
Asks
YesAsks
FoodTech AgTech -20% -32% YesBids YesAsks
Figure
FinTech / Lending
Chevron
Return QTDInformation
5%
Bids
YesBids
Return YTDInformation
10%
Asks
YesAsks
FinTech Lending 5% 10% YesBids YesAsks
Flexport
Industrial / Industrial software
Chevron
Return QTDInformation
-15%
Bids
YesBids
Return YTDInformation
-29%
Asks
YesAsks
Industrial Industrial software -15% -29% YesBids YesAsks
FourKites
Industrial / Industrial software
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-1%
Asks
YesAsks
Industrial Industrial software 0% -1% YesBids YesAsks
Highspot
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-29%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 0% -29% YesBids YesAsks
Impossible Foods
FoodTech / Animal-free protein
Chevron
Return QTDInformation
-5%
Bids
YesBids
Return YTDInformation
-36%
Asks
YesAsks
FoodTech Animal-free protein -5% -36% YesBids YesAsks
Indigo
FoodTech / AgTech
Chevron
Return QTDInformation
6%
Bids
NoBids
Return YTDInformation
2%
Asks
YesAsks
FoodTech AgTech 6% 2% NoBids YesAsks
Instacart
Transportation / Delivery services
Chevron
Return QTDInformation
25%
Bids
YesBids
Return YTDInformation
25%
Asks
YesAsks
Transportation Delivery services 25% 25% YesBids YesAsks
Klaviyo
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTDInformation
13%
Bids
YesBids
Return YTDInformation
14%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 13% 14% YesBids YesAsks
Mark43
Industrial / Industrial software
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
0%
Asks
YesAsks
Industrial Industrial software 0% 0% YesBids YesAsks
MasterClass
Education / E-Learning
Chevron
Return QTDInformation
-27%
Bids
NoBids
Return YTDInformation
-7%
Asks
YesAsks
Education E-Learning -27% -7% NoBids YesAsks
Mercury
FinTech / Digital Banking
Chevron
Return QTDInformation
6%
Bids
YesBids
Return YTDInformation
-16%
Asks
YesAsks
FinTech Digital Banking 6% -16% YesBids YesAsks
Motive
Transportation / Transportation software
Chevron
Return QTDInformation
2%
Bids
YesBids
Return YTDInformation
-31%
Asks
YesAsks
Transportation Transportation software 2% -31% YesBids YesAsks
mParticle
Enterprise Software / Data Management / Storage
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
0%
Asks
YesAsks
Enterprise Software Data Management / Storage 0% 0% YesBids YesAsks
Netskope
Enterprise Software / Cybersecurity
Chevron
Return QTDInformation
-4%
Bids
YesBids
Return YTDInformation
-21%
Asks
YesAsks
Enterprise Software Cybersecurity -4% -21% YesBids YesAsks
NextRoll
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTDInformation
-33%
Bids
YesBids
Return YTDInformation
-19%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech -33% -19% YesBids YesAsks
OfferUp
Consumer & Lifestyle / E-commerce
Chevron
Return QTDInformation
-38%
Bids
YesBids
Return YTDInformation
-38%
Asks
YesAsks
Consumer & Lifestyle E-commerce -38% -38% YesBids YesAsks
Omada Health
Healthcare / Digital Health
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
0%
Asks
YesAsks
Healthcare Digital Health 0% 0% YesBids YesAsks
OpenSea
FinTech / Blockchain
Chevron
Return QTDInformation
30%
Bids
YesBids
Return YTDInformation
7%
Asks
YesAsks
FinTech Blockchain 30% 7% YesBids YesAsks
Patreon
Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software
Chevron
Return QTDInformation
0%
Bids
NoBids
Return YTDInformation
-20%
Asks
YesAsks
Consumer & Lifestyle Consumer & Lifestyle Enterprise Software 0% -20% NoBids YesAsks
Pilot
Enterprise Software / Business Operations
Chevron
Return QTDInformation
-7%
Bids
NoBids
Return YTDInformation
-17%
Asks
YesAsks
Enterprise Software Business Operations -7% -17% NoBids YesAsks
Pipe
FinTech / Capital Markets
Chevron
Return QTDInformation
-13%
Bids
NoBids
Return YTDInformation
-23%
Asks
YesAsks
FinTech Capital Markets -13% -23% NoBids YesAsks
Plaid
FinTech / Personal Finance
Chevron
Return QTDInformation
-1%
Bids
YesBids
Return YTDInformation
-36%
Asks
YesAsks
FinTech Personal Finance -1% -36% YesBids YesAsks
Plenty
FoodTech / AgTech
Chevron
Return QTDInformation
0%
Bids
NoBids
Return YTDInformation
40%
Asks
YesAsks
FoodTech AgTech 0% 40% NoBids YesAsks
Postman
Enterprise Software / Software Development
Chevron
Return QTDInformation
1%
Bids
YesBids
Return YTDInformation
-60%
Asks
YesAsks
Enterprise Software Software Development 1% -60% YesBids YesAsks
Rappi
Transportation / Delivery services
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-19%
Asks
YesAsks
Transportation Delivery services 0% -19% YesBids YesAsks
Reddit
Consumer & Lifestyle / Social
Chevron
Return QTDInformation
1%
Bids
YesBids
Return YTDInformation
-27%
Asks
YesAsks
Consumer & Lifestyle Social 1% -27% YesBids YesAsks
Relativity Space
Industrial / Aerospace & Defense
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-2%
Asks
YesAsks
Industrial Aerospace & Defense 0% -2% YesBids YesAsks
Ripple
FinTech / Payments
Chevron
Return QTDInformation
-27%
Bids
YesBids
Return YTDInformation
-23%
Asks
YesAsks
FinTech Payments -27% -23% YesBids YesAsks
Roofstock
Real Estate / Real Estate Products & Services
Chevron
Return QTDInformation
-55%
Bids
YesBids
Return YTDInformation
-74%
Asks
YesAsks
Real Estate Real Estate Products & Services -55% -74% YesBids YesAsks
Rubrik
Enterprise Software / Data Management / Storage
Chevron
Return QTDInformation
-8%
Bids
YesBids
Return YTDInformation
-12%
Asks
YesAsks
Enterprise Software Data Management / Storage -8% -12% YesBids YesAsks
Scopely
Consumer & Lifestyle / Gaming
Chevron
Return QTDInformation
-1%
Bids
YesBids
Return YTDInformation
-22%
Asks
YesAsks
Consumer & Lifestyle Gaming -1% -22% YesBids YesAsks
SecurityScorecard
Enterprise Software / Cybersecurity
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-33%
Asks
YesAsks
Enterprise Software Cybersecurity 0% -33% YesBids YesAsks
SingleStore (MemSQL)
Enterprise Software / Data Management / Storage
Chevron
Return QTDInformation
-5%
Bids
YesBids
Return YTDInformation
-32%
Asks
YesAsks
Enterprise Software Data Management / Storage -5% -32% YesBids YesAsks
SpaceX
Industrial / Aerospace & Defense
Chevron
Return QTDInformation
6%
Bids
YesBids
Return YTDInformation
12%
Asks
YesAsks
Industrial Aerospace & Defense 6% 12% YesBids YesAsks
Standard AI
Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software
Chevron
Return QTDInformation
-44%
Bids
YesBids
Return YTDInformation
-50%
Asks
YesAsks
Consumer & Lifestyle Consumer & Lifestyle Enterprise Software -44% -50% YesBids YesAsks
Starburst Data
Enterprise Software / Data Intelligence
Chevron
Return QTDInformation
62%
Bids
YesBids
Return YTDInformation
-41%
Asks
YesAsks
Enterprise Software Data Intelligence 62% -41% YesBids YesAsks
Stripe
FinTech / Payments
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-30%
Asks
YesAsks
FinTech Payments 0% -30% YesBids YesAsks
Tanium
Enterprise Software / Cybersecurity
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-26%
Asks
YesAsks
Enterprise Software Cybersecurity 0% -26% YesBids YesAsks
Tealium
Enterprise Software / Data Intelligence
Chevron
Return QTDInformation
-12%
Bids
YesBids
Return YTDInformation
-12%
Asks
YesAsks
Enterprise Software Data Intelligence -12% -12% YesBids YesAsks
ThoughtSpot
Enterprise Software / Data Intelligence
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-29%
Asks
YesAsks
Enterprise Software Data Intelligence 0% -29% YesBids YesAsks
Thrasio
Consumer & Lifestyle / E-commerce
Chevron
Return QTDInformation
-40%
Bids
NoBids
Return YTDInformation
-50%
Asks
YesAsks
Consumer & Lifestyle E-commerce -40% -50% NoBids YesAsks
Thrive Market
FoodTech / Food Products & Services
Chevron
Return QTDInformation
-10%
Bids
YesBids
Return YTDInformation
-8%
Asks
YesAsks
FoodTech Food Products & Services -10% -8% YesBids YesAsks
Turo
Transportation / Ridesharing
Chevron
Return QTDInformation
29%
Bids
YesBids
Return YTDInformation
29%
Asks
YesAsks
Transportation Ridesharing 29% 29% YesBids YesAsks
Udacity
Education / E-Learning
Chevron
Return QTDInformation
0%
Bids
YesBids
Return YTDInformation
-12%
Asks
YesAsks
Education E-Learning 0% -12% YesBids YesAsks
Zipline
Industrial / Logistics
Chevron
Return QTDInformation
5%
Bids
YesBids
Return YTDInformation
-8%
Asks
YesAsks
Industrial Logistics 5% -8% YesBids YesAsks
ZocDoc
Healthcare / Digital Health
Chevron
Return QTDInformation
-25%
Bids
YesBids
Return YTDInformation
-44%
Asks
YesAsks
Healthcare Digital Health -25% -44% YesBids YesAsks

Sector Allocation

Data Intelligence7.6%
Cybersecurity7.0%
Sales & Marketing / Adtech6.5%
Industrial software5.5%
Data Management / Storage5.4%
E-commerce4.5%
AgTech4.0%
Digital Health4.0%
Payments3.6%
Blockchain3.2%
OtherInformation48.7%

Behind the Index

Investors have lacked quality benchmarks for the rapidly growing late-stage capital markets, until now.

Forge leveraged its 13 years of trading DNA and data capabilities to develop the Forge Private Market Index that seeks to provide investors with actionable insights on companies trending in the private market.

Methodology

The index is valued daily, with weekly website updates and quarterly 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 equal-weighted and 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.

Designed for both existing and new private market participants

Benchmark for actively traded private companies with secondary liquidity.

Measure the performance of venture backed, late-stage companies relative to other asset classes.

Research new investment ideas and manage existing private positions.

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“Index Performance - Growth 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.

© 2023 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. 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 returns. 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.