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.

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Discord$210.00Positive Change$5.81 (3%)
Starburst Data$1.63Positive Change$0.40 (32%)
Exabeam$12.06Negative Change$1.47 (11%)
Anduril$23.56Positive Change$2.48 (12%)
Iterable$10.56Positive Change$0.06 (1%)
Neuralink$36.00Positive Change$16.97 (89%)
LeoLabs$2.70Negative Change$0.49 (15%)
Epic Games$550.00Negative Change$50.00 (8%)
Anthropic$30.00$0.00 (0%)
Redwood Materials$58.49Positive Change$0.49 (1%)
SecurityScorecard$2.00Positive Change$0.30 (18%)
Postman$10.20Negative Change$0.10 (1%)
Zipline$30.08Negative Change$0.19 (1%)
FourKites$5.00Negative Change$0.26 (5%)
EquipmentShare$9.43Positive Change$0.54 (6%)
SambaNova Systems$24.03Positive Change$0.31 (1%)
Cohesity$15.66Negative Change$2.97 (16%)
Asapp$1.57Negative Change$0.55 (26%)
ThoughtSpot$7.00Positive Change$0.68 (11%)
Menlo Security$2.75Negative Change$1.41 (34%)
Discord$210.00Positive Change$5.81 (3%)
Starburst Data$1.63Positive Change$0.40 (32%)
Exabeam$12.06Negative Change$1.47 (11%)
Anduril$23.56Positive Change$2.48 (12%)
Iterable$10.56Positive Change$0.06 (1%)
Neuralink$36.00Positive Change$16.97 (89%)
LeoLabs$2.70Negative Change$0.49 (15%)
Epic Games$550.00Negative Change$50.00 (8%)
Anthropic$30.00$0.00 (0%)
Redwood Materials$58.49Positive Change$0.49 (1%)
SecurityScorecard$2.00Positive Change$0.30 (18%)
Postman$10.20Negative Change$0.10 (1%)
Zipline$30.08Negative Change$0.19 (1%)
FourKites$5.00Negative Change$0.26 (5%)
EquipmentShare$9.43Positive Change$0.54 (6%)
SambaNova Systems$24.03Positive Change$0.31 (1%)
Cohesity$15.66Negative Change$2.97 (16%)
Asapp$1.57Negative Change$0.55 (26%)
ThoughtSpot$7.00Positive Change$0.68 (11%)
Menlo Security$2.75Negative Change$1.41 (34%)
What is the Forge Price™ shown above?Info
All data included updated as of 4/18/24
Index Performance - Growth of Hypothetical $10,000
Green down chevron
Forge Private Market Index
QQQ
IWM
IPO
Annual Returns 2019 2020 2021 2022 2023 2024 YTD
Forge Private Market Index 34.4% 72.3% 112.9% -44.3% -20.2% 4.5%
IPO ETF 35.0% 108.5% -10.3% -57.3% 52.5% -1.6%

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

Name Sector Subsector Weight Return QTD Return YTD
Addepar
FinTech / FinTech software
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
1%
FinTech FinTech software 1.33% 0% 1%
Algolia
Enterprise Software / Software Development
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Enterprise Software Software Development 1.33% 0% 0%
Anduril
Industrial / Aerospace & Defense
Chevron
Return QTD
14%
Weight
1.52%
Return YTD
21%
Industrial Aerospace & Defense 1.52% 14% 21%
Anthropic
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-47%
Enterprise Software Data Intelligence 1.33% 0% -47%
Apollo Graph
Enterprise Software / Software Development
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Enterprise Software Software Development 1.33% 0% 0%
Apollo.io
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
4%
Enterprise Software Sales & Marketing / Adtech 1.33% 0% 4%
Arctic Wolf
Enterprise Software / Cybersecurity
Chevron
Return QTD
2%
Weight
1.36%
Return YTD
0%
Enterprise Software Cybersecurity 1.36% 2% 0%
Asapp
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
-26%
Weight
0.99%
Return YTD
-48%
Enterprise Software Sales & Marketing / Adtech 0.99% -26% -48%
Attentive
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-10%
Enterprise Software Sales & Marketing / Adtech 1.33% 0% -10%
Automation Anywhere
Enterprise Software / Productivity
Chevron
Return QTD
19%
Weight
1.59%
Return YTD
2%
Enterprise Software Productivity 1.59% 19% 2%
Calm
Healthcare / Digital Health
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-28%
Healthcare Digital Health 1.33% 0% -28%
Cerebras
Technology Hardware / Computing hardware
Chevron
Return QTD
5%
Weight
1.40%
Return YTD
43%
Technology Hardware Computing hardware 1.40% 5% 43%
Chainalysis
FinTech / Blockchain software
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
20%
FinTech Blockchain software 1.33% 0% 20%
Chime
FinTech / Digital Banking
Chevron
Return QTD
13%
Weight
1.51%
Return YTD
26%
FinTech Digital Banking 1.51% 13% 26%
Cityblock Health
Healthcare / Healthcare providers & services
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-27%
Healthcare Healthcare providers & services 1.33% 0% -27%
Cohesity
Enterprise Software / Data Management / Storage
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-16%
Enterprise Software Data Management / Storage 1.33% 0% -16%
ConsenSys
FinTech / Blockchain
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-7%
FinTech Blockchain 1.33% 0% -7%
Databricks
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-13%
Enterprise Software Data Intelligence 1.33% 0% -13%
Dataminr
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-2%
Enterprise Software Data Intelligence 1.33% 0% -2%
DataRobot
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
3%
Enterprise Software Data Intelligence 1.33% 0% 3%
Dialpad
Enterprise Software / Communication & Collaboration software
Chevron
Return QTD
-8%
Weight
1.22%
Return YTD
-8%
Enterprise Software Communication & Collaboration software 1.22% -8% -8%
Discord
Consumer & Lifestyle / Social
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-21%
Consumer & Lifestyle Social 1.33% 0% -21%
Epic Games
Consumer & Lifestyle / Gaming
Chevron
Return QTD
-8%
Weight
1.22%
Return YTD
29%
Consumer & Lifestyle Gaming 1.22% -8% 29%
EquipmentShare
Industrial / Construction
Chevron
Return QTD
6%
Weight
1.41%
Return YTD
6%
Industrial Construction 1.41% 6% 6%
Exabeam
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-11%
Enterprise Software Cybersecurity 1.33% 0% -11%
Farmer's Business Network
FoodTech / AgTech
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-21%
FoodTech AgTech 1.33% 0% -21%
Figure
FinTech / Lending
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
FinTech Lending 1.33% 0% 0%
Flexport
Industrial / Logistics
Chevron
Return QTD
-5%
Weight
1.27%
Return YTD
-17%
Industrial Logistics 1.27% -5% -17%
FourKites
Industrial / Logistics
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-5%
Industrial Logistics 1.33% 0% -5%
Front
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Enterprise Software Sales & Marketing / Adtech 1.33% 0% 0%
Harness
Enterprise Software / Software Development
Chevron
Return QTD
7%
Weight
1.43%
Return YTD
-19%
Enterprise Software Software Development 1.43% 7% -19%
Highspot
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Enterprise Software Sales & Marketing / Adtech 1.33% 0% 0%
Impossible Foods
FoodTech / Animal-free protein
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-16%
FoodTech Animal-free protein 1.33% 0% -16%
INRIX
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-26%
Enterprise Software Data Intelligence 1.33% 0% -26%
Intercom
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-30%
Enterprise Software Sales & Marketing / Adtech 1.33% 0% -30%
Iterable
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
1%
Weight
1.34%
Return YTD
6%
Enterprise Software Sales & Marketing / Adtech 1.34% 1% 6%
Kraken
FinTech / Blockchain
Chevron
Return QTD
2%
Weight
1.36%
Return YTD
43%
FinTech Blockchain 1.36% 2% 43%
LeoLabs
Industrial / Aerospace & Defense
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Industrial Aerospace & Defense 1.33% 0% 0%
Mark43
Industrial / Industrial software
Chevron
Return QTD
-38%
Weight
0.82%
Return YTD
-38%
Industrial Industrial software 0.82% -38% -38%
Menlo Security
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-34%
Enterprise Software Cybersecurity 1.33% 0% -34%
Mercury
FinTech / Digital Banking
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
3%
FinTech Digital Banking 1.33% 0% 3%
Motive
Industrial / Logistics
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-4%
Industrial Logistics 1.33% 0% -4%
Netskope
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
7%
Enterprise Software Cybersecurity 1.33% 0% 7%
Neuralink
Healthcare / Medical Devices
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
89%
Healthcare Medical Devices 1.33% 0% 89%
Nuro
Transportation / Autonomous Vehicles
Chevron
Return QTD
-7%
Weight
1.24%
Return YTD
-14%
Transportation Autonomous Vehicles 1.24% -7% -14%
OpenAI
Enterprise Software / Data Intelligence
Chevron
Return QTD
-1%
Weight
1.32%
Return YTD
15%
Enterprise Software Data Intelligence 1.32% -1% 15%
Outreach
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
-6%
Weight
1.25%
Return YTD
-26%
Enterprise Software Sales & Marketing / Adtech 1.25% -6% -26%
Patreon
Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
29%
Consumer & Lifestyle Consumer & Lifestyle Enterprise Software 1.33% 0% 29%
Pilot
Enterprise Software / Business Operations
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-6%
Enterprise Software Business Operations 1.33% 0% -6%
Pipe
FinTech / Capital Markets
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
FinTech Capital Markets 1.33% 0% 0%
Plaid
FinTech / Personal Finance
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
FinTech Personal Finance 1.33% 0% 0%
Postman
Enterprise Software / Software Development
Chevron
Return QTD
-1%
Weight
1.32%
Return YTD
-2%
Enterprise Software Software Development 1.32% -1% -2%
Ramp
FinTech / Payments
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-6%
FinTech Payments 1.33% 0% -6%
Rappi
Transportation / Delivery services
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
15%
Transportation Delivery services 1.33% 0% 15%
Redwood Materials
Energy / Energy Storage
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
23%
Energy Energy Storage 1.33% 0% 23%
Relativity Space
Industrial / Aerospace & Defense
Chevron
Return QTD
-3%
Weight
1.30%
Return YTD
-15%
Industrial Aerospace & Defense 1.30% -3% -15%
Ripple
FinTech / Payments
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
23%
FinTech Payments 1.33% 0% 23%
Rippling
Enterprise Software / Human Resources
Chevron
Return QTD
3%
Weight
1.38%
Return YTD
25%
Enterprise Software Human Resources 1.38% 3% 25%
Rubrik
Enterprise Software / Cybersecurity
Chevron
Return QTD
-1%
Weight
1.31%
Return YTD
-4%
Enterprise Software Cybersecurity 1.31% -1% -4%
SambaNova Systems
Enterprise Software / Data Intelligence
Chevron
Return QTD
6%
Weight
1.41%
Return YTD
-10%
Enterprise Software Data Intelligence 1.41% 6% -10%
SecurityScorecard
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Enterprise Software Cybersecurity 1.33% 0% 0%
Sift
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
0%
Enterprise Software Cybersecurity 1.33% 0% 0%
Sila Nanotechnologies
Energy / Energy Storage
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
22%
Energy Energy Storage 1.33% 0% 22%
SingleStore (MemSQL)
Enterprise Software / Data Management / Storage
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
6%
Enterprise Software Data Management / Storage 1.33% 0% 6%
Solugen
Industrial / Materials
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-7%
Industrial Materials 1.33% 0% -7%
SpaceX
Industrial / Aerospace & Defense
Chevron
Return QTD
2%
Weight
1.35%
Return YTD
52%
Industrial Aerospace & Defense 1.35% 2% 52%
Starburst Data
Enterprise Software / Data Intelligence
Chevron
Return QTD
-11%
Weight
1.19%
Return YTD
-10%
Enterprise Software Data Intelligence 1.19% -11% -10%
Stripe
FinTech / Payments
Chevron
Return QTD
11%
Weight
1.48%
Return YTD
11%
FinTech Payments 1.48% 11% 11%
Tanium
Enterprise Software / Cybersecurity
Chevron
Return QTD
-3%
Weight
1.30%
Return YTD
-12%
Enterprise Software Cybersecurity 1.30% -3% -12%
ThoughtSpot
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-14%
Enterprise Software Data Intelligence 1.33% 0% -14%
Thrive Market
FoodTech / Food Products & Services
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
10%
FoodTech Food Products & Services 1.33% 0% 10%
Turo
Transportation / Ridesharing
Chevron
Return QTD
0%
Weight
1.33%
Return YTD
-8%
Transportation Ridesharing 1.33% 0% -8%
Vectra AI
Enterprise Software / Cybersecurity
Chevron
Return QTD
18%
Weight
1.58%
Return YTD
18%
Enterprise Software Cybersecurity 1.58% 18% 18%
Workato
Enterprise Software / Productivity
Chevron
Return QTD
10%
Weight
1.47%
Return YTD
-11%
Enterprise Software Productivity 1.47% 10% -11%
Zipline
Transportation / Delivery services
Chevron
Return QTD
-1%
Weight
1.33%
Return YTD
-3%
Transportation Delivery services 1.33% -1% -3%

Sector Allocation

Enterprise Software49.5%
FinTech16.3%
Industrial13.0%
Transportation5.2%
FoodTech4.0%
Healthcare4.0%
Consumer & Lifestyle3.9%
Energy2.7%
Technology Hardware1.4%

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.

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.

© 2024 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.