Venture NAV Tracker / Private company
BRAIN CORPORATION
Headquarters—
Founded—
Last known round—
Reported valuation—
Security-class differences are disclosed on the affected rows; non-degenerate marks remain in the underlying-company comparison band. 2 rows are omitted from dispersion statistics under the degenerate-mark guard; each affected row states why.
Cross-fund comparison
Equity & warrant marks
One underlying-company band; one latest disclosed mark per fund and security.
| Fund | Fair value | Security / annotations | Implied price / share | Mark age vs round | Methodology / filing |
|---|---|---|---|---|---|
| PRIVXThe Private Shares Fund | $12.7MMar 31, 2026 · source ↗ | commonFair value hierarchy level 3No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics. | $5.35Mar 31, 2026 · source ↗ | —Mar 31, 2026 · source ↗ | N-PORT 2026-03-31 ↗ |
| HTGCHercules Capital, Inc. | $55KMar 31, 2026 · source ↗ | warrant (attached)Filed as: warrantFair ValueFiled as warrant; the comparison band's majority class is common.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.Sub-$250K equity position alongside active loan; consistent with warrant coverage customary in venture debt. (2026-07-24)Omitted from statistics — Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed. | $0.13Mar 31, 2026 · source ↗ | —Mar 31, 2026 · source ↗ | 10-Q 2026-03-31 ↗ |
Cross-fund comparison
Debt investments
Included in the same underlying-company comparison band.
| Fund | Security type / annotations | Principal | Fair value | FV / principal | Rate | Maturity | Mark age vs round | Non-accrual |
|---|---|---|---|---|---|---|---|---|
| HTGCHercules Capital, Inc. | senior secured loanFair Value — Senior SecuredFiled as senior secured loan; the comparison band's majority class is common.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Omitted from statistics — security type is not an eligible fund-equity mark for dispersion. | $33MMar 31, 2026 · source ↗ | $33.1MMar 31, 2026 · source ↗ | 100.1%Mar 31, 2026 · source ↗ | Prime + 1.35 %, Floor rate 9.85 %, PIK Interest 2.50 %, 3.95 % Exit FeeMar 31, 2026 · source ↗ | Sep 1, 2028Mar 31, 2026 · source ↗ | —Mar 31, 2026 · source ↗ | NoMar 31, 2026 · source ↗ |
Historical marks
Reported fair value by fund
Each bar is a disclosed position-quarter.