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 2024 YTD
Forge Private Market Index 34.4% 72.3% 112.9% -44.3% -20.2% -0.6%
IPO ETF 35.0% 108.5% -10.3% -57.3% 52.5% -1.1%

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.

Kraken$7.78$0.00 (0%)
Patreon$11.47Negative Change$0.11 (1%)
Motive$3.73Negative Change$0.13 (3%)
Vectra AI$4.89Positive Change$0.89 (22%)
Workato$4.88Positive Change$0.12 (3%)
Relativity Space$20.87Negative Change$1.80 (8%)
Plenty$0.68Positive Change$0.08 (13%)
DataRobot$3.23Negative Change$0.27 (8%)
Pipe$28.75Negative Change$10.41 (27%)
Anduril$21.98Positive Change$0.25 (1%)
Chainalysis$13.21Positive Change$0.15 (1%)
Arctic Wolf$6.50Negative Change$0.16 (2%)
Nuro$5.34Negative Change$0.42 (7%)
Dialpad$4.37Positive Change$0.03 (1%)
Addepar$1.70Positive Change$0.07 (4%)
Thrive Market$11.33Positive Change$0.30 (3%)
Highspot$1.94Negative Change$0.02 (1%)
Postman$10.30Negative Change$0.11 (1%)
Harness$9.00Negative Change$3.42 (28%)
Apollo Graph$2.50Negative Change$1.13 (31%)
Kraken$7.78$0.00 (0%)
Patreon$11.47Negative Change$0.11 (1%)
Motive$3.73Negative Change$0.13 (3%)
Vectra AI$4.89Positive Change$0.89 (22%)
Workato$4.88Positive Change$0.12 (3%)
Relativity Space$20.87Negative Change$1.80 (8%)
Plenty$0.68Positive Change$0.08 (13%)
DataRobot$3.23Negative Change$0.27 (8%)
Pipe$28.75Negative Change$10.41 (27%)
Anduril$21.98Positive Change$0.25 (1%)
Chainalysis$13.21Positive Change$0.15 (1%)
Arctic Wolf$6.50Negative Change$0.16 (2%)
Nuro$5.34Negative Change$0.42 (7%)
Dialpad$4.37Positive Change$0.03 (1%)
Addepar$1.70Positive Change$0.07 (4%)
Thrive Market$11.33Positive Change$0.30 (3%)
Highspot$1.94Negative Change$0.02 (1%)
Postman$10.30Negative Change$0.11 (1%)
Harness$9.00Negative Change$3.42 (28%)
Apollo Graph$2.50Negative Change$1.13 (31%)
What is the Forge Private Market Index Price shown above?Info
All data included updated as of: 2/23/24

Index Composition

Companies
Name Sector Subsector Return QTD Return YTD Bids Asks
Addepar
FinTech / FinTech software
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
FinTech FinTech software 0% 0% YesBids YesAsks
Anduril
Industrial / Aerospace & Defense
Chevron
Return QTD
12%
Bids
YesBids
Return YTD
12%
Asks
YesAsks
Industrial Aerospace & Defense 12% 12% YesBids YesAsks
Anthropic
Enterprise Software / Data Intelligence
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Data Intelligence 0% 0% YesBids YesAsks
Apollo Graph
Enterprise Software / Software Development
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Software Development 0% 0% NoBids YesAsks
Arctic Wolf
Enterprise Software / Cybersecurity
Chevron
Return QTD
-2%
Bids
YesBids
Return YTD
-2%
Asks
YesAsks
Enterprise Software Cybersecurity -2% -2% YesBids YesAsks
Asapp
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
-30%
Bids
NoBids
Return YTD
-30%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech -30% -30% NoBids YesAsks
Astera Labs
Technology Hardware / Computing hardware
Chevron
Return QTD
38%
Bids
YesBids
Return YTD
38%
Asks
YesAsks
Technology Hardware Computing hardware 38% 38% YesBids YesAsks
Attentive
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
-4%
Bids
YesBids
Return YTD
-4%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech -4% -4% YesBids YesAsks
Automation Anywhere
Enterprise Software / Productivity
Chevron
Return QTD
-14%
Bids
YesBids
Return YTD
-14%
Asks
YesAsks
Enterprise Software Productivity -14% -14% YesBids YesAsks
Calm
Healthcare / Digital Health
Chevron
Return QTD
9%
Bids
NoBids
Return YTD
9%
Asks
YesAsks
Healthcare Digital Health 9% 9% NoBids YesAsks
Cerebras
Technology Hardware / Computing hardware
Chevron
Return QTD
10%
Bids
YesBids
Return YTD
10%
Asks
YesAsks
Technology Hardware Computing hardware 10% 10% YesBids YesAsks
Chainalysis
FinTech / Blockchain software
Chevron
Return QTD
12%
Bids
YesBids
Return YTD
12%
Asks
YesAsks
FinTech Blockchain software 12% 12% YesBids YesAsks
Chime
FinTech / Digital Banking
Chevron
Return QTD
11%
Bids
YesBids
Return YTD
11%
Asks
YesAsks
FinTech Digital Banking 11% 11% YesBids YesAsks
Cityblock Health
Healthcare / Healthcare providers & services
Chevron
Return QTD
-27%
Bids
YesBids
Return YTD
-27%
Asks
YesAsks
Healthcare Healthcare providers & services -27% -27% YesBids YesAsks
Cohesity
Enterprise Software / Data Management / Storage
Chevron
Return QTD
-16%
Bids
YesBids
Return YTD
-16%
Asks
YesAsks
Enterprise Software Data Management / Storage -16% -16% YesBids YesAsks
ConsenSys
FinTech / Blockchain
Chevron
Return QTD
-7%
Bids
YesBids
Return YTD
-7%
Asks
YesAsks
FinTech Blockchain -7% -7% YesBids YesAsks
Dataminr
Enterprise Software / Data Intelligence
Chevron
Return QTD
-17%
Bids
YesBids
Return YTD
-17%
Asks
YesAsks
Enterprise Software Data Intelligence -17% -17% YesBids YesAsks
DataRobot
Enterprise Software / Data Intelligence
Chevron
Return QTD
4%
Bids
NoBids
Return YTD
4%
Asks
YesAsks
Enterprise Software Data Intelligence 4% 4% NoBids YesAsks
Dialpad
Enterprise Software / Communication & Collaboration software
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Communication & Collaboration software 0% 0% NoBids YesAsks
Discord
Consumer & Lifestyle / Social
Chevron
Return QTD
-21%
Bids
YesBids
Return YTD
-21%
Asks
YesAsks
Consumer & Lifestyle Social -21% -21% YesBids YesAsks
Domino Data Lab
Enterprise Software / Data Intelligence
Chevron
Return QTD
13%
Bids
YesBids
Return YTD
13%
Asks
YesAsks
Enterprise Software Data Intelligence 13% 13% YesBids YesAsks
Epic Games
Consumer & Lifestyle / Gaming
Chevron
Return QTD
11%
Bids
YesBids
Return YTD
11%
Asks
YesAsks
Consumer & Lifestyle Gaming 11% 11% YesBids YesAsks
EquipmentShare
Industrial / Construction
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Industrial Construction 0% 0% YesBids YesAsks
Exabeam
Enterprise Software / Cybersecurity
Chevron
Return QTD
-11%
Bids
YesBids
Return YTD
-11%
Asks
YesAsks
Enterprise Software Cybersecurity -11% -11% YesBids YesAsks
Farmer's Business Network
FoodTech / AgTech
Chevron
Return QTD
-11%
Bids
NoBids
Return YTD
-11%
Asks
YesAsks
FoodTech AgTech -11% -11% NoBids YesAsks
Figure
FinTech / Lending
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
FinTech Lending 0% 0% YesBids YesAsks
Flexport
Industrial / Logistics
Chevron
Return QTD
-8%
Bids
YesBids
Return YTD
-8%
Asks
YesAsks
Industrial Logistics -8% -8% YesBids YesAsks
FourKites
Industrial / Logistics
Chevron
Return QTD
-5%
Bids
NoBids
Return YTD
-5%
Asks
YesAsks
Industrial Logistics -5% -5% NoBids YesAsks
Front
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 0% 0% NoBids YesAsks
Harness
Enterprise Software / Software Development
Chevron
Return QTD
-28%
Bids
YesBids
Return YTD
-28%
Asks
YesAsks
Enterprise Software Software Development -28% -28% YesBids YesAsks
Highspot
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 0% 0% YesBids YesAsks
Impossible Foods
FoodTech / Animal-free protein
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
FoodTech Animal-free protein 0% 0% YesBids YesAsks
Indigo
FoodTech / AgTech
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
FoodTech AgTech 0% 0% NoBids YesAsks
Intercom
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
-26%
Bids
YesBids
Return YTD
-26%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech -26% -26% YesBids YesAsks
Iterable
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
4%
Bids
YesBids
Return YTD
4%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 4% 4% YesBids YesAsks
Kraken
FinTech / Blockchain
Chevron
Return QTD
18%
Bids
YesBids
Return YTD
18%
Asks
YesAsks
FinTech Blockchain 18% 18% YesBids YesAsks
LeoLabs
Industrial / Aerospace & Defense
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Industrial Aerospace & Defense 0% 0% YesBids YesAsks
Mark43
Industrial / Industrial software
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Industrial Industrial software 0% 0% YesBids YesAsks
Mercury
FinTech / Digital Banking
Chevron
Return QTD
3%
Bids
YesBids
Return YTD
3%
Asks
YesAsks
FinTech Digital Banking 3% 3% YesBids YesAsks
Motive
Industrial / Logistics
Chevron
Return QTD
-4%
Bids
YesBids
Return YTD
-4%
Asks
YesAsks
Industrial Logistics -4% -4% YesBids YesAsks
Netskope
Enterprise Software / Cybersecurity
Chevron
Return QTD
4%
Bids
YesBids
Return YTD
4%
Asks
YesAsks
Enterprise Software Cybersecurity 4% 4% YesBids YesAsks
Nuro
Transportation / Autonomous Vehicles
Chevron
Return QTD
-7%
Bids
NoBids
Return YTD
-7%
Asks
YesAsks
Transportation Autonomous Vehicles -7% -7% NoBids YesAsks
Omada Health
Healthcare / Digital Health
Chevron
Return QTD
21%
Bids
YesBids
Return YTD
21%
Asks
YesAsks
Healthcare Digital Health 21% 21% YesBids YesAsks
Outreach
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
-2%
Bids
YesBids
Return YTD
-2%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech -2% -2% YesBids YesAsks
Patreon
Consumer & Lifestyle / Consumer & Lifestyle Enterprise Software
Chevron
Return QTD
-1%
Bids
NoBids
Return YTD
-1%
Asks
YesAsks
Consumer & Lifestyle Consumer & Lifestyle Enterprise Software -1% -1% NoBids YesAsks
Pipe
FinTech / Capital Markets
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
FinTech Capital Markets 0% 0% NoBids YesAsks
Plaid
FinTech / Personal Finance
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
FinTech Personal Finance 0% 0% YesBids YesAsks
Plenty
FoodTech / AgTech
Chevron
Return QTD
13%
Bids
YesBids
Return YTD
13%
Asks
YesAsks
FoodTech AgTech 13% 13% YesBids YesAsks
Postman
Enterprise Software / Software Development
Chevron
Return QTD
-1%
Bids
YesBids
Return YTD
-1%
Asks
YesAsks
Enterprise Software Software Development -1% -1% YesBids YesAsks
Ramp
FinTech / Payments
Chevron
Return QTD
-6%
Bids
YesBids
Return YTD
-6%
Asks
YesAsks
FinTech Payments -6% -6% YesBids YesAsks
Rappi
Transportation / Delivery services
Chevron
Return QTD
15%
Bids
YesBids
Return YTD
15%
Asks
YesAsks
Transportation Delivery services 15% 15% YesBids YesAsks
Reddit
Consumer & Lifestyle / Social
Chevron
Return QTD
34%
Bids
YesBids
Return YTD
34%
Asks
YesAsks
Consumer & Lifestyle Social 34% 34% YesBids YesAsks
Redwood Materials
Energy / Energy Storage
Chevron
Return QTD
21%
Bids
YesBids
Return YTD
21%
Asks
YesAsks
Energy Energy Storage 21% 21% YesBids YesAsks
Relativity Space
Industrial / Aerospace & Defense
Chevron
Return QTD
-8%
Bids
YesBids
Return YTD
-8%
Asks
YesAsks
Industrial Aerospace & Defense -8% -8% YesBids YesAsks
Ripple
FinTech / Payments
Chevron
Return QTD
17%
Bids
YesBids
Return YTD
17%
Asks
YesAsks
FinTech Payments 17% 17% YesBids YesAsks
Rubrik
Enterprise Software / Cybersecurity
Chevron
Return QTD
-4%
Bids
YesBids
Return YTD
-4%
Asks
YesAsks
Enterprise Software Cybersecurity -4% -4% YesBids YesAsks
SambaNova Systems
Enterprise Software / Data Intelligence
Chevron
Return QTD
-16%
Bids
YesBids
Return YTD
-16%
Asks
YesAsks
Enterprise Software Data Intelligence -16% -16% YesBids YesAsks
SecurityScorecard
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Cybersecurity 0% 0% YesBids YesAsks
Sift
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Cybersecurity 0% 0% NoBids YesAsks
Sila Nanotechnologies
Energy / Energy Storage
Chevron
Return QTD
22%
Bids
YesBids
Return YTD
22%
Asks
YesAsks
Energy Energy Storage 22% 22% YesBids YesAsks
SingleStore (MemSQL)
Enterprise Software / Data Management / Storage
Chevron
Return QTD
6%
Bids
YesBids
Return YTD
6%
Asks
YesAsks
Enterprise Software Data Management / Storage 6% 6% YesBids YesAsks
Solugen
Industrial / Materials
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Industrial Materials 0% 0% YesBids YesAsks
SpaceX
Industrial / Aerospace & Defense
Chevron
Return QTD
1%
Bids
YesBids
Return YTD
1%
Asks
YesAsks
Industrial Aerospace & Defense 1% 1% YesBids YesAsks
Starburst Data
Enterprise Software / Data Intelligence
Chevron
Return QTD
-18%
Bids
YesBids
Return YTD
-18%
Asks
YesAsks
Enterprise Software Data Intelligence -18% -18% YesBids YesAsks
Stripe
FinTech / Payments
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
FinTech Payments 0% 0% YesBids YesAsks
Tanium
Enterprise Software / Cybersecurity
Chevron
Return QTD
-5%
Bids
NoBids
Return YTD
-5%
Asks
YesAsks
Enterprise Software Cybersecurity -5% -5% NoBids YesAsks
Tealium
Enterprise Software / Sales & Marketing / Adtech
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Sales & Marketing / Adtech 0% 0% NoBids YesAsks
ThoughtSpot
Enterprise Software / Data Intelligence
Chevron
Return QTD
-14%
Bids
YesBids
Return YTD
-14%
Asks
YesAsks
Enterprise Software Data Intelligence -14% -14% YesBids YesAsks
Thrive Market
FoodTech / Food Products & Services
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
FoodTech Food Products & Services 0% 0% YesBids YesAsks
Turo
Transportation / Ridesharing
Chevron
Return QTD
-12%
Bids
YesBids
Return YTD
-12%
Asks
YesAsks
Transportation Ridesharing -12% -12% YesBids YesAsks
Udacity
Education / E-Learning
Chevron
Return QTD
0%
Bids
NoBids
Return YTD
0%
Asks
YesAsks
Education E-Learning 0% 0% NoBids YesAsks
Vectra AI
Enterprise Software / Cybersecurity
Chevron
Return QTD
0%
Bids
YesBids
Return YTD
0%
Asks
YesAsks
Enterprise Software Cybersecurity 0% 0% YesBids YesAsks
Workato
Enterprise Software / Productivity
Chevron
Return QTD
-28%
Bids
YesBids
Return YTD
-28%
Asks
YesAsks
Enterprise Software Productivity -28% -28% YesBids YesAsks
Zipline
Transportation / Delivery services
Chevron
Return QTD
-3%
Bids
YesBids
Return YTD
-3%
Asks
YesAsks
Transportation Delivery services -3% -3% YesBids YesAsks
ZocDoc
Healthcare / Digital Health
Chevron
Return QTD
11%
Bids
YesBids
Return YTD
11%
Asks
YesAsks
Healthcare Digital Health 11% 11% YesBids YesAsks

Sector Allocation

Enterprise Software38.8%
FinTech16.7%
Industrial13.3%
FoodTech6.7%
Consumer & Lifestyle5.7%
Healthcare5.5%
Transportation5.3%
Technology Hardware3.3%
Energy3.3%
Education1.3%

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.

Q4 2023 Index Rebalance Report

  • 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.