![](\"https:\/\/mms.businesswire.com\/media\/20260624841601\/en\/2838875\/22\/open-fulllogo-vert-color_copy.jpg\")
<\/a>![](\"https:\/\/mms.businesswire.com\/media\/20260624841601\/en\/2838875\/21\/open-fulllogo-vert-color_copy.jpg\")
<\/a>\nThe Fund provides diversified, rules-based exposure to 20 of the largest late-stage, venture-backed \u201cunicorns,\u201d companies valued at $1 billion of more, through OpenVC\u2122\u2019s 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.<\/p>
\n\u201cPublic markets no longer tell the full story,\u201d said David Shapiro, Founder and CEO of OpenVC\u2122. \u201cMany of today\u2019s most important companies are staying private for longer, scaling to massive valuations before ever considering an IPO. The OPEN Unicorn\u00ae<\/sup> Fund is designed to reflect that reality and give investors a way to participate in that growth.\u201d<\/p> \nThe 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.<\/p> \nThe Fund\u2019s 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.<\/p> \n\u201cThis is about bringing discipline and transparency to an area of the market that has historically been difficult to access and even harder to benchmark,\u201d Shapiro added. \u201cWe believe indexing private markets is the next evolution in portfolio construction.\u201d<\/p> \nThe OPEN Unicorn\u00ae<\/sup> Fund builds on the firm\u2019s broader initiative to develop investable benchmarks that bridge public and private markets. With increasing investor demand for exposure to venture-backed innovation, OpenVC\u2122 aims to deliver scalable solutions that align with how modern companies grow and remain private for longer periods.<\/p> \nOpenVC\u2122 is currently raising capital for its second fund, building on the momentum and success of its inaugural vehicle.<\/p> \nFor more information, visit https:\/\/openvc.com\/<\/a>.<\/p> \nAbout OpenVC\u2122\n