COMING SOON
$170.00 $170.00+$161.18 (1,827.44%)+$79.99 (88.87%)+$11.52 (7.27%)-$19.00 (-10.05%)+$0.00 (0.00%)+$0.00 (0.00%)
| Funding Date | Round | Amount Raised | Price Per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 06/24/2025 | Series E | $300MM | $158.48 | $5.3B | Andreessen Horowitz, Khosla Ventures | |
|
Price Per Share
$158.48
Shares Outstanding
1,892,957
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Khosla Ventures
|
||||||
| 02/17/2025 | Series D | $250MM | $90.01 | $2.75B | Bessemer Venture Partners, California Health Care Foundation, Capitalg, Cvs Health Ventures, Elad Gil, Ivp, K. Ventures, Lightspeed Venture Partners, Nvidia, Redpoint Ventures, Spark Capital, Sv Angel | |
|
Price Per Share
$90.01
Shares Outstanding
2,777,466
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, California Health Care Foundation, Capitalg, Cvs Health Ventures, Elad Gil, Ivp, K. Ventures, Lightspeed Venture Partners, Nvidia, Redpoint Ventures, Spark Capital, Sv Angel
|
||||||
| 02/23/2024 | Series C | $150MM | $33.13 | $850MM | Bessemer Venture Partners, Cvs Health Ventures, Ivp, Kaiser Permanente Ventures, Lightspeed Venture Partners, Mass General Brigham, Redpoint Ventures, Spark Capital, Union Square Ventures, Wittington Ventures | |
|
Price Per Share
$33.13
Shares Outstanding
4,527,706
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Cvs Health Ventures, Ivp, Kaiser Permanente Ventures, Lightspeed Venture Partners, Mass General Brigham, Redpoint Ventures, Spark Capital, Union Square Ventures, Wittington Ventures
|
||||||
| 10/26/2023 | Series B | $30MM | $10.97 | $232.25MM | American College Of Cardiology, Bessemer Venture Partners, Cvs Health Ventures, Kaiser Permanente Ventures, Lifepoint Health, Mayo Clinic, Scan Group, Spark Capital, Uc Investments | |
|
Price Per Share
$10.97
Shares Outstanding
2,735,903
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
American College Of Cardiology, Bessemer Venture Partners, Cvs Health Ventures, Kaiser Permanente Ventures, Lifepoint Health, Mayo Clinic, Scan Group, Spark Capital, Uc Investments
|
||||||
| 08/11/2022 | Series A-1 | $12.5MM | $8.82 | $144.48MM | Bessemer Venture Partners, Pillar Vc, Union Square Ventures, Upmc Enterprises, Whistler Capital, Wittington Ventures, Yoshua Bengio | |
|
Price Per Share
$8.82
Shares Outstanding
1,417,893
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Pillar Vc, Union Square Ventures, Upmc Enterprises, Whistler Capital, Wittington Ventures, Yoshua Bengio
|
||||||
| 10/06/2020 | Series A | $10.16MM | $4.77 | $102.98MM | Aneesh Chopra, Bessemer Venture Partners, Esther Dyson, Kdt Ventures, Pillar Vc, Union Square Ventures, Upmc Enterprises, Zen Chu | |
|
Price Per Share
$4.77
Shares Outstanding
2,130,677
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Aneesh Chopra, Bessemer Venture Partners, Esther Dyson, Kdt Ventures, Pillar Vc, Union Square Ventures, Upmc Enterprises, Zen Chu
|
||||||
| 02/14/2019 | Series Seed | $5.32MM | $2.43 | $26.59MM | Kdt Ventures, Pillar Vc | |
|
Price Per Share
$2.43
Shares Outstanding
2,187,596
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kdt Ventures, Pillar Vc
|
||||||
Private markets have historically lacked timely, reliable pricing data, leaving investors and shareholders to extrapolate value from sporadic funding rounds or infrequent internal marks. Forge Price™ — a proprietary, frequently calculated, indicated price per share for approximately 200 pre-IPO private companies — helps address the opacity.
The first quarter of 2025 delivered a wave of fresh unicorns in the private market. From generative AI to robotics and enterprise infrastructure, these five startups secured $1 billion-plus valuations, reflecting investors' continued appetite for transformative technology. Below are the standout unicorns from Q1 2025, also listed on Forge Global.
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched Price | Round | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
 | Ambience Healthcare | Not available | $xx.xx | Series C | $1.24B | $37.98 | $210MM | |
 | Commure | Not available | $xx.xx | Series D-2 | $5.83B | $95.45 | $8.85MM | |
 | Hippocratic AI | Not available | $xx.xx | Series C | $3.5B | $26.33 | $126MM | |
 | Innovaccer | $3.05 -$0.06 (1.93%) | $xx.xx | Series F-1 | $3.45B | $7.39 | $153.04MM | |
 | OpenEvidence | Not available | $xx.xx | Series D | $12B | $487.38 | $225MM | |
 | Rad AI | Not available | $xx.xx | Series C | $527.53MM | $22.51 | $80.9MM | |
 | Tebra | Not available | $xx.xx | Not available | -- | -- | -- | |
 | TigerConnect | Not available | $xx.xx | Series D-1 | $366.32MM | $4.20 | $41.5MM | |
 | VeraDermics | Not available | $xx.xx | Series C | $306.13MM | $1.27 | $151MM | |
 | Viz.ai | Not available | $xx.xx | Series D | $1.28B | $6.35 | $120MM | |
Updated on: Jul 15, 2025
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‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
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Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.
