OpenVC™ Announces Close of OPEN Unicorn Fund, Expanding Access to Private Market Leaders

Fund offering met with strong demand from private wealth channel, funds of funds and other large pools of capital

Demand underscores growing investor demand for systematic exposure to late-stage, venture-backed companies staying private for longer

NEW YORK--(BUSINESS WIRE)--OpenVC™, a pioneer in private market indexing, today announced the successful close of the OPEN Unicorn^® Fund, marking a significant milestone in the firm’s mission to broaden access to the world’s most influential privately held companies.

The Fund provides diversified, rules-based exposure to 20 of the largest late-stage, venture-backed “unicorns,” companies valued at $1 billion of more, through OpenVC™’s proprietary indexing approach. By systematically tracking the largest and most impactful private companies, the strategy aims to give investors a more complete view of the innovation and economic growth happening outside public markets.

“Public markets no longer tell the full story,” said David Shapiro, Founder and CEO of OpenVC™. “Many of today’s most important companies are staying private for longer, scaling to massive valuations before ever considering an IPO. The OPEN Unicorn^® Fund is designed to reflect that reality and give investors a way to participate in that growth.”

The Fund drew strong participation from family offices, high-net-worth individuals, funds-of-funds and other channels, including distribution via the iCapital Marketplace, highlighting the growing demand for access to late-stage private market opportunities.

The Fund’s close comes at a time when more value is being created in private companies than ever before. The methodology underpinning the index focuses on diverse data, liquidity, and institutional administration, seeking to mirror how traditional indexing transformed public equity investing.

“This is about bringing discipline and transparency to an area of the market that has historically been difficult to access and even harder to benchmark,” Shapiro added. “We believe indexing private markets is the next evolution in portfolio construction.”

The OPEN Unicorn^® Fund builds on the firm’s broader initiative to develop investable benchmarks that bridge public and private markets. With increasing investor demand for exposure to venture-backed innovation, OpenVC™ aims to deliver scalable solutions that align with how modern companies grow and remain private for longer periods.

OpenVC™ is currently raising capital for its second fund, building on the momentum and success of its inaugural vehicle.

For more information, visit https://openvc.com/.

About OpenVC™
OpenVC™ is revolutionizing index investing in the late-stage venture capital space, offering improved access to the world's leading private Unicorns. Our mission is to democratize venture capital investment with low-cost, institutional-grade products. With a focus on reducing fees and leveraging the power of index investing, we are committed to making this asset class accessible to all investors. For more information, visit www.openvc.com.