The Promus Ventures
DeepTech Growth Index
DeepTech Growth Index Components
- Market Cap is defined as Number of Shares Outstanding x Price Per Share at time this snapshot of the index is generated
- 2023 FY Revenue defined as analyst average forecast for 2023. Note that some companies in our index have a FY that does not line up with the calendar year, and in these cases the revenue multiple is based on FY2024 revenue
- Revenue Growth Rate defined as % change in revenue from current fiscal year to analyst average forecast for next fiscal year
DeepTech Sector Multiples
DeepTech Subsectors
Frequently Asked Questions
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How does the index get calculated?Our index is a market cap-weighted index that tracks the performance of the combined DeepTech companies in the index. The Index will be rebalanced quarterly on the second Monday of January, April, July, and October. We do not currently consider dividends in the construction of our DeepTech index.
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How does a company get picked for this deeptech index?We recognize that our list is not exhaustive, as there are many companies that drive innovation along multiple axes that we have chosen not to add to our index. Some examples include: - Apple’s manufacturing and AI driving their consumer devices - Alphabet with Waymo & Intrinsic innovating in autonomy and automation - Amazon’s work across automation and robotics - Microsoft/Hololens in AR/XR We believe that including these large market cap public companies would lead to them dominating the index, negating much of the value of being able to understand the performance of the stocks we are including. We also exclude companies with a market capitalization below $500M as we feel these are too small to include.
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How often does the data get updated?We refresh the index on a daily basis.
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Where does the data come from?We pull data from a number of free and paid sources and use a homebrew Python infrastructure (primarily pandas and plotly) to pull it all together and present the data. Sources used: YCharts, Yahoo Finance, Google Finance
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How do I send feedback?Contact us at info@promusventures.com.
Why a DeepTech Growth Index?
From our offices in Chicago, San Francisco, and Luxembourg, Promus Ventures has been fortunate to invest in numerous leading DeepTech startups across the globe for over ten years. We continue to invest initially at early-stage rounds in best-of-breed founders and teams, and some of our nearly 100 portfolio investments include such innovative companies as Rocket Lab, WHOOP, AngelList, ICEYE, Mapbox, FLYR Labs, Cobalt Robotics, Kensho, Swift Navigation, Gauss Surgical and many more. It continues to be a privilege working alongside such incredible founders and teams each and every day.
In September 2021, we debuted the Promus Ventures New Space Index that we built internally for ourselves and decided to make public to the market. This website and biweekly newsletter tracked and compared the price performance and multiples of new space companies entering the public market with legacy space public companies. We (and other founders, investors and LPs thank you for noticing) routinely used this to frame their analysis on sector valuations and trends.
As space is only one of six DeepTech sub-sectors in which Promus Ventures focuses its investments (more on this below), it was only fitting to blow this index out and build a much wider new Promus Ventures DeepTech Growth Index. Thus as of today, there is a regularly updated index available to compare price, multiple and growth performance of a group of public companies across all DeepTech sectors.
Our space index will now be folded into the larger DeepTech Growth index, and we will continue to send out a newsletter that shows additional public stock analysis and insights across the DeepTech industry.
Our Musings on DeepTech
DISCLAIMER
This website and the information presented are intended for informational purposes only.
The views expressed herein are the authors' alone and do not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor a recommendation for any investment product or service.
While certain information contained herein has been obtained from sources believed to be reliable, neither the authors nor any of their employers or their affiliates have independently verified this information, and its accuracy and completeness cannot be guaranteed. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, timeliness or completeness of this information.
The authors and all employers and their affiliated persons assume no liability for this information and no obligation to update the information or analysis contained herein in the future.
All data is aggregated from publicly-available data feeds through the Yahoo Finance API and the Google Finance API.