Find Private Company Exposure
Search any private company to see every public investment vehicle ranked by exposure %.
🔥 Trending Private Companies
🚀 SpaceX
🤖 OpenAI
💳 Stripe
🧠 Anthropic
📊 Databricks
📱 ByteDance
Explore Prism
🎯 Exposure Scoring
📈 Live Prices
🏆 Ranked by Purity
🔓 No Accreditation Needed
DXYZ
SFTBY
AIQ
GOOGL
AMZN
MSFT
🏔️ Private Giants by valuation
See all →| # | Company | Sector | Valuation | Last Round | Best Public Play | Exposure |
|---|---|---|---|---|---|---|
| 01 | 🚀 SpaceX | Aerospace | $350B | Series X · $6B · Dec 2024 | DXYZ | 22.4% |
| 02 | 📱 ByteDance | Social / AI | $220B | Secondary · $268B implied · 2024 | SFTBY | 3.4% |
| 03 | 🤖 OpenAI | AI | ~$840B | Series B · $6.6B · Oct 2024 | MSFT | 49.0% |
| 04 | 💳 Stripe | Fintech | $65B | Series I · $6.5B · Mar 2023 | DXYZ | 14.7% |
| 05 | 📊 Databricks | AI / Data | $62B | Series J · $15.3B · Jan 2025 | SFTBY | 3.1% |
| 06 | 🧠 Anthropic | AI | $61B | Series E · $4B · Nov 2024 | GOOGL | 10.0% |
| 07 | ⚡ xAI | AI | ~$50B | Series C · $5B · Nov 2024 | DXYZ | 3.2% |
| 08 | 🛍️ Klarna | Fintech / BNPL | $46B | IPO Filed · 2025 | SFTBY | 2.1% |
| 09 | 🚗 Waymo | Autonomous Vehicles | ~$45B | External round · $5.6B · 2024 | GOOGL | subsidiary |
| 10 | 🔐 Wiz | Cybersecurity | $32B | Acquired by Alphabet · $32B · 2024 | GOOGL | acquired |
| 11 | 🎨 Canva | Design SaaS | $26B | Series F · $200M · 2021 | SFTBY | 0.9% |
| 12 | 🏦 Chime | Neobank | $25B | Series G · $750M · 2021 | No public vehicle | — |
| 13 | 🎮 Epic Games | Gaming | $22B | Series — · Profitable | TCEHY | 2.3% |
| 14 | ☁️ CoreWeave | GPU Cloud | ~$19B | Pre-IPO · $7.5B · May 2024 | NVDA | 0.1% |
| 15 | 🎙️ Discord | Social / Gaming | ~$15B | Series H · $500M · 2021 | SONY | 0.2% |
| 16 | 🛡️ Anduril | Defense Tech | $14B | Series F · $1.5B · Aug 2024 | No public vehicle | — |
| 17 | ⚙️ Rippling | HR / Payroll SaaS | $13.5B | Series F · $200M · 2024 | No public vehicle | — |
| 18 | 🔄 Celonis | Process Mining | ~$13B | Series D · $1B · Jun 2021 | SFTBY | 0.7% |
| 19 | 🏦 Plaid | Banking Infra | ~$13B | Series D · $425M · 2021 | V | 0.1% |
| 20 | ✏️ Figma | Design SaaS | $12.5B | Series E · $600M · 2021 | SFTBY | 1.4% |
🧰 Private Market Vehicles ETFs, CEFs, BDCs & PE firms open to all investors
Pure-Play Private Funds
DXYZ
CEF
Destiny Tech100
The only public fund whose sole mandate is holding pre-IPO tech unicorns. Portfolio includes SpaceX, OpenAI, Stripe, Databricks, xAI and 90+ more. Trades on NYSE. Note: often trades at a large premium to NAV.
Top holdings: SpaceX 22% · Stripe 15% · OpenAI 9%
XOVR
ETF
ERShares Private-Public Crossover ETF
Invests in companies transitioning from private to public — capturing the "crossover" moment. Holds a mix of late-stage private companies and recently IPO'd stocks.
Strategy: pre-IPO crossover · Nasdaq listed
Business Development Companies (BDCs)
BDCs are publicly traded companies that provide debt and equity financing to private mid-market businesses. Regulated like mutual funds but traded like stocks — required to distribute 90%+ of income as dividends.
ARCC
BDC
Ares Capital Corporation
The largest BDC in the US with $23B+ in assets. Provides loans and equity to 500+ private companies across tech, healthcare, and financial services. Historically pays 8–10% annual dividend yield.
AUM: ~$23B · 500+ portfolio companies · Nasdaq: ARCC
HTGC
BDC
Hercules Capital
Tech-focused BDC that lends exclusively to VC-backed startups and growth-stage companies. Has financed 650+ companies including pre-IPO unicorns in software, biotech, and cleantech.
Focus: VC-backed tech & life sciences · NYSE: HTGC
Publicly Traded Private Equity Firms
These firms own and manage hundreds of private companies through buyout funds and growth equity. Buying their stock gives indirect exposure to their entire private portfolio.
BX
PE Firm
Blackstone Inc.
The world's largest alternative asset manager with $1T+ AUM. Owns private companies across real estate, private equity, credit, and infrastructure. Notable holdings span healthcare, tech, and logistics.
AUM: $1T+ · NYSE: BX · Dividend ~2.5%
KKR
PE Firm
KKR & Co. Inc.
Global investment firm with $550B+ AUM managing private equity, infrastructure, real assets, and credit strategies. Portfolio includes hundreds of private companies across 20+ countries.
AUM: $550B+ · NYSE: KKR · Dividend ~0.7%
APO
PE Firm
Apollo Global Management
Leading alternative asset manager specializing in credit, private equity, and real assets with $650B+ AUM. One of the most active providers of private credit to growth-stage companies.
AUM: $650B+ · NYSE: APO · Dividend ~1.5%
PSP
ETF
Invesco Global Listed Private Equity ETF
An ETF that holds a basket of publicly listed private equity firms — KKR, Blackstone, Carlyle, Apollo and others. One-ticker exposure to the entire listed PE industry.
Holdings: KKR, BX, CG, APO + global PE firms
📈 Performance Comparison % return from start date, normalized to 100
🔥 Trending Now
See all →🚀 Space
SpaceX Starship nails 9th flight — $350B valuation looking cheap
Successful booster catch and payload deploy signals Starship nearing commercial readiness. DXYZ holders watching closely.
💰 Funding
Anthropic closes $4B Amazon tranche — Claude 4 launch imminent
Amazon completes its $4B commitment to Anthropic. Google also invested $500M. Claude competes directly with GPT-4o.
📈 IPO Watch
Klarna S-1 filed — BNPL giant eyes $20B Nasdaq debut
Swedish fintech Klarna files for US IPO after SoftBank-backed recovery. 150M+ users, returning to profitability.
🤖 AI
Databricks hits $62B after record $15.3B Series J round
Largest-ever private software funding round led by Thrive Capital. DXYZ and SFTBY are the two main public vehicles with exposure.
🤖 AI
xAI's Grok 3 tops GPT-4o on benchmarks — $50B valuation justified?
Musk's AI lab releases Grok 3, outperforming GPT-4o on MMLU and reasoning tests. xAI raised $6B at a $50B valuation in late 2024.
🛡️ Defense
Anduril wins $13B Pentagon contract for autonomous drone defense
The $14B defense unicorn beats Lockheed and Raytheon for a major IVAS follow-on, legitimizing defense tech as a standalone asset class.
🚗 Autonomous
Waymo crosses 1M paid rides — expanding to 5 new US cities in 2025
Alphabet's self-driving unit hits a major commercial milestone. Atlanta, Miami and Nashville coming next. Valued at ~$45B.
💬 Social
Discord turns profitable, shelves IPO for second year running
Gaming-first social platform quietly hits profitability on $600M+ ARR. CEO: "We're building for the long term, not the market."
🔓 Open to Retail Reg CF & Reg A+ offerings
View all on Republic →NovaPower AI
Clean energy optimization · Series Seed
AI-powered grid management software reducing industrial energy waste by up to 34%. 12 enterprise pilots signed.
$3.1M
raised
62%
of $5M goal
$100
minimum
18d
remaining
MedSync Health
Remote patient monitoring · Pre-Series A
FDA-cleared wearable that monitors 8 vital signs and alerts care teams in real time. 40 hospital partners.
$8.8M
raised
44%
of $20M goal
$500
minimum
31d
remaining
UrbanForge Robotics
Last-mile delivery bots · Seed
Autonomous sidewalk robots delivering packages in under 30 minutes. Operating in 4 US cities with 92% on-time rate.
$2.3M
raised
78%
of $3M goal
$250
minimum
9d
remaining
AquaTrace Systems
Water quality IoT · Series A
Real-time water quality sensors deployed in 200+ municipalities. EPA-certified. $4M ARR growing 180% YoY.
$11.4M
raised
38%
of $30M goal
$1,000
minimum
52d
remaining
💰 Newly Funded
See all →📊
Databricks
AI / Data Platform
$15.3B
🤖
OpenAI
Artificial Intelligence
$6.6B
🚀
SpaceX
Aerospace & Defense
$6.0B
🧠
Anthropic
AI Safety
$4.0B
🔍
Perplexity AI
AI Search
$500M
⚡
xAI
Artificial Intelligence
$6.0B
🚗
Waymo
Autonomous Vehicles
$5.6B
🛡️
Anduril
Defense Technology
$1.5B
🔔 IPO Watch
See all →| Company | Last Private Val. | Status | Exchange | Key Investors | Est. Date |
|---|---|---|---|---|---|
| 🛍️ Klarna | $46B | ● Filed S-1 | Nasdaq | SoftBank, Sequoia | Q2 2025 |
| 🧠 Cerebras Systems | $7.2B | ● Filed S-1 | Nasdaq | Benchmark, G42 | 2025 |
| 🎨 Figma | $12.5B | ○ Expected | NYSE | Sequoia, Index | H2 2025 |
| 🏦 Chime | $25B | ○ Expected | Nasdaq | DST Global, Coatue | 2025–2026 |
| ✨ Perplexity AI | $9.0B | ○ Expected | Nasdaq | IVP, NV Investment | 2026 |
📡 Market Pulse
Trending stories, recent funding rounds, open offerings & IPO watch.
🌡️ Sector Heat deal activity · Q1 2025
🤖 AI / ML
🔥 Red Hot
24 deals · $31.2B raised
🛡️ Defense Tech
⚡ Very Hot
8 deals · $4.2B raised
⚡ Cleantech
📈 Hot
12 deals · $3.8B raised
💳 Fintech
→ Warm
9 deals · $2.1B raised
🏥 HealthTech
→ Warm
11 deals · $1.9B raised
🎮 Gaming
↓ Cooling
3 deals · $0.4B raised
📊 Valuation Moves notable up & down rounds
📰 Latest News startup funding & private markets
Private Markets 101
Everything you need to know before investing in private companies.
🧑💼
Who Can Invest
Accredited vs. retail — what changed
Before 2012, only accredited investors (net worth >$1M or income >$200K/yr) could invest in private companies. The JOBS Act opened the door for everyone.
- Reg CF (Crowdfunding): Any US resident can invest $2,500–$124K/yr depending on income. No accreditation required.
- Reg A+ (Mini-IPO): Any investor worldwide can participate in offerings up to $75M. SEC-qualified.
- ETFs & CEFs: Anyone with a brokerage account can buy publicly traded funds with private company exposure (e.g., DXYZ, SFTBY, AIQ).
- Secondary markets: Platforms like Forge Global and EquityZen let you buy pre-IPO shares — some require accreditation, some don't.
Prism focuses on the first and last option — Reg CF/A+ offerings and public funds — since both are accessible to all US investors.
⚖️
Reg CF vs Reg A+
The two retail-accessible exemptions
| Reg CF | Reg A+ | |
|---|---|---|
| Max raise / yr | $5M | $75M |
| Investor limit | Income-based cap | None |
| SEC filing | Form C | Offering Circular |
| Secondary trading | Restricted (1yr lock) | Often tradeable |
| Launch time | ~60 days | ~90–120 days |
| Platforms | Republic, Wefunder | Republic, StartEngine |
Reg A+ is the more powerful exemption — bigger raises, broader investor reach, and shares that can be resold sooner. Reg CF is faster and cheaper for companies to execute.
📐
Reading Exposure Scores
What the % really means
The exposure % tells you how much of a public fund's portfolio is invested in a specific private company.
Example: DXYZ has 22.4% exposure to SpaceX. If SpaceX's private valuation doubles, DXYZ could gain ~22.4% from that holding alone — before accounting for its other 99 positions.
- Higher % = purer play. More upside from that company, but also more concentration risk.
- Lower % = diversified exposure. Less direct impact, but your downside is cushioned by other holdings.
- Purity vs. safety: A 22% exposure in a CEF is much riskier than 0.5% exposure through a large-cap stock like MSFT.
Prism ranks vehicles highest-to-lowest so you can instantly see your most direct route to each private company.
⚠️
Understanding the Risks
Private markets aren't like stocks
Liquidity Risk
You may not be able to sell for years. Most Reg CF shares have a 12-month lock-up.
Valuation Uncertainty
Private companies aren't marked to market daily. A "down round" can wipe out paper gains instantly.
Information Asymmetry
Private companies disclose far less than public ones. You're often betting on limited data.
Dilution Risk
New funding rounds issue new shares, diluting your ownership percentage over time.
CEF Premium Risk
Funds like DXYZ trade at large premiums to NAV. If sentiment shifts, the premium collapses fast.
Total Loss Risk
Early-stage companies fail more often than not. Never invest money you cannot afford to lose entirely.
🗺️
How to Invest — Step by Step
Your roadmap from zero to first private market position
- Pick your approach. Decide between direct crowdfunding (Reg CF/A+), a public fund with private exposure (ETF/CEF), or a secondary market purchase. Each has different liquidity, risk, and minimum investment.
- Research the company. Use Prism's Search tab to find every public vehicle with exposure to the company you're interested in. Read the company's Form C, financials, and cap table before investing directly.
- Understand the vehicle. Know what you're actually buying — a share of a company (Reg CF), a unit of a fund (ETF/CEF), or a secondary share. Each behaves differently and has different fees and risks.
- Open the right account. For Reg CF/A+: Republic, Wefunder, or StartEngine. For ETFs and stocks: any standard brokerage (Fidelity, Schwab, Robinhood). For secondaries: Forge Global or EquityZen.
- Size your position wisely. Financial advisors suggest allocating no more than 5–10% of your portfolio to illiquid or high-risk assets. Private investments often fall into both categories.
- Monitor and stay patient. Check back with Prism for live price updates on your public positions. For direct investments, watch for funding announcements, revenue milestones, and news. Private exits can take 5–10 years.