What OpenVC, Inc. (OPENVC.com) does

OpenVC, Inc. is a private market indexing firm founded in 2022 and headquartered at 712 Fifth Avenue in Manhattan, New York. The company applies index-investing methodology to late-stage U.S. venture capital, constructing and administering benchmarks that track privately held companies whose valuations are not reflected in traditional equity indices. OpenVC's core product portfolio comprises the NYSE OPEN Venture Capital Unicorn Index (NYSEOVC), tracking the 50 largest U.S. venture-backed private companies valued at $1 billion or greater; the NYSE OpenVC 500 Index, a broader benchmark combining listed and private constituents across the 500 largest U.S. companies; the OPEN Unicorn Fund, providing diversified exposure to 20 of the largest late-stage unicorns; and the OpenVC Price, a daily pricing methodology that integrates secondary-market transaction data from Caplight and Zanbato with primary-market activity to value private companies.

Underlying the products is a proprietary methodology supported by exclusive data partnerships with Caplight (aggregating over $300 billion of private secondary-market transactional data) and Zanbato (a leading ATS for venture-backed private shares). ICE Data Indices serves as administrator and calculation agent, and NYSE provides brand licensing for the index families. The company's go-to-market is institutional: fund vehicles are distributed through the iCapital Marketplace and direct sales to family offices, high-net-worth individuals, and funds-of-funds; indices are licensed to institutional partners via ICE Data Indices for global redistribution.

OpenVC generates revenue through two primary streams: (1) fund management fees on assets under management across its index-based investment funds (notably OPEN Unicorn Fund I, LP, with a second fund currently being raised), and (2) index licensing economics routed through ICE Data Indices. Its customer base is concentrated in the institutional wealth channel — family offices, high-net-worth individuals, funds-of-funds, and institutional investors/advisors seeking systematic exposure to or benchmarks for U.S. private venture-backed companies. The company is privately held and disclosed $7.5 million in seed/early funding in 2022 from E1 Ventures and the New York Stock Exchange. Leadership comprises Co-Founder and CEO David Shapiro and Co-Founder and CTO Tom Merrett.

Name

OpenVC, Inc. (OPENVC.com)

Legal name

OpenVC Inc

Website

https://openvc.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

OpenVC is a private market indexing firm that builds and administers NYSE-branded benchmarks for U.S. venture-backed private companies and manages index-based funds providing diversified exposure to late-stage unicorns. It serves family offices, high-net-worth individuals, funds-of-funds, and institutional investors.

Ownership category

akta.pro rank

Product category

Private Market Indexing & Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds (FSANAGAC)

akta.pro secondary industries

Co-Investment / Direct Allocation Platforms (alongside FoF) (FSANAGAK), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI), Equity Capital Introduction & Prime Services (FSACAFAK)

Keywords

• Private market indexing
• Venture capital benchmarks
• Unicorn index funds
• Index-based asset management
• Private company valuations

Headquarters

HQ city

Manhattan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management: OpenVC manages index-based investment funds that provide diversified exposure to late-stage venture capital companies. The company charges management fees on assets under management.
2. Index Licensing: OpenVC licenses its proprietary indices (NYSEOVC, NYOV500) to institutional partners. ICE Data Indices serves as administrator and calculation agent.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

OpenVC operates as an asset manager that builds and licenses proprietary private market indices and manages index-based investment funds. Its core offerings include the NYSE OPEN Venture Capital Unicorn Index (NYSEOVC) tracking the 50 largest U.S. venture-backed private companies, the NYSE OpenVC 500 Index combining the 500 largest U.S. public and private companies, the OPEN Unicorn Fund providing diversified exposure to 20 of the largest late-stage U.S. private tech companies, and the OpenVC Price daily valuation methodology for private companies.

Product overview

OpenVC is a private market indexing firm offering investment solutions in late-stage venture capital. The company manages index-based funds and provides benchmarks for private market performance. The core product portfolio consists of: (1) the NYSE OPEN Venture Capital Unicorn Index (NYSEOVC), a benchmark tracking 50 largest U.S. VC-backed unicorns valued at $1B+; (2) the NYSE OpenVC 500 Index (NYOV500), a comprehensive benchmark combining the 500 largest public and private U.S. companies; (3) the OPEN Unicorn Fund, a diversified investment vehicle providing exposure to 20 of the largest late-stage unicorns; and (4) the OpenVC Price, a daily pricing methodology for private companies that integrates secondary and primary market data. The indices are administered by ICE Data Indices.

Differentiator

Problem solved

Functional benefit

Products and services

• NYSE OPEN Venture Capital Unicorn Index (NYSEOVC) A rules-based, modified market capitalization-weighted private company share benchmark designed to track the 50 largest U.S. venture capital-backed private companies with valuations of $1 billion or greater, administered and calculated by ICE Data Indices, LLC.
• NYSE OpenVC 500 Index (NYOV500) A rules-based, modified market capitalization-weighted benchmark of the 500 largest U.S. companies selected from listed U.S. companies and venture capital-backed private companies with valuations of $1 billion or greater, combining constituents from the NYSE U.S. 500 Index and the NYSE OPEN Venture Capital Unicorn Index.
• OPEN Unicorn Fund A diversified, rules-based index fund providing exposure to 20 of the largest late-stage venture-backed unicorn companies valued at $1 billion or more, distributed via iCapital Marketplace and targeting family offices, high-net-worth individuals, and funds-of-funds.
• OpenVC Price A daily price for private companies that integrates secondary market activity with primary market activity, powering OpenVC's index methodology and providing consistent valuation of private companies.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• iCapital MarketplacecoreChannel Partner/ Reseller/ Distributor · 24 June 2026iCapital Marketplace serves as a distribution channel for the OPEN Unicorn Fund, providing access to family offices, high-net-worth individuals, and funds-of-funds. The fund drew strong demand from these channels highlighting growing investor appetite for systematic private market exposure.
• ICE Data IndicescoreTechnology or Integration · 5 May 2026ICE Data Indices serves as index administrator and calculation agent for both the NYSE OpenVC 500 Index and NYSE OPEN Venture Capital Unicorn Index. ICE's decades of experience in index methodology design and robust calculation and administrative services provide institutional credibility.
• ZanbatocoreTechnology or Integration · 3 September 2024Zanbato serves as a key data provider for the NYSE OPEN Venture Capital Unicorn Index, powering the benchmark with pre-IPO secondary market data. Zanbato's ZX platform is the leading inter-broker platform for trading venture-backed private shares, and ZXData is the leading provider of institutional secondary trading data on private companies.
• CaplightcoreTechnology or Integration · 3 September 2024Caplight acts as a primary data provider to power the NYSE OPEN Venture Capital Unicorn Index with pre-IPO secondary market trade data. Caplight has aggregated over $300 billion of private secondary market transactional data and is used by top institutional investors and investment banks to value pre-IPO companies.
• NYSEcoreTechnology or Integration · 19 March 2024NYSE provides branding and licensing for the NYSE OpenVC 500 Index and NYSE OPEN Venture Capital Unicorn Index. The partnership combines NYSE's listed equity indices with OpenVC's private company indexing methodology.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Forge Global: Forge Global operates a private-company secondary marketplace and provides valuation, data and benchmarking services for unicorn shares — directly comparable to OpenVC's private-market pricing and indexing focus.
• Moonfare: Moonfare provides digital access to top-quartile private-equity and venture funds via feeder vehicles for HNW investors, mirroring OpenVC's model of packaging late-stage VC exposure into accessible fund structures.
• AngelList: AngelList operates rolling venture funds and fund-of-fund products that give investors diversified exposure to early-stage startups. Like OpenVC, it packages private-company exposure into accessible fund vehicles for HNW and institutional investors.
• iCapital: iCapital is a leading alternative-investment marketplace that distributes private equity, hedge fund and structured products to wealth managers and family offices — the same channel through which OpenVC distributes the OPEN Unicorn Fund.
• SharesPost: SharesPost runs a private-company secondary trading platform and research service, offering liquidity and valuation data for unicorn and pre-IPO shares — overlapping with OpenVC's secondary-data-driven index methodology.

Broad incumbents

• MSCI: MSCI is a global index provider with established benchmarks across public and private markets. As OpenVC scales NYSE-branded indices, it competes for institutional benchmark mindshare against MSCI's broader index franchise.
• S&P Dow Jones Indices: S&P Dow Jones Indices operates benchmark families including the S&P 500 and a growing set of private-market and thematic indices. It is the natural incumbent benchmark provider that OpenVC's NYSE OpenVC 500 Index positions against.

Emerging players

• Caplight: Caplight aggregates private secondary market data and is both a data partner and adjacent competitor. Its analytics on pre-IPO valuations overlap with OpenVC Price's mandate of producing daily private-company marks.
• Carta: Carta provides cap-table management, valuation and secondary-market infrastructure for private companies. While not a direct index provider, it is a key data and liquidity layer feeding the same private-market ecosystem that OpenVC indexes.

Others

• Preqin: Preqin is a leading data and analytics provider for private capital markets. It is an ecosystem peer — supplying alternative-asset data that complements rather than directly competes with OpenVC's index and fund products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OpenVC, Inc. (OPENVC.com)