Algolia was founded in 2012 by Nicolas Dessaigne and Julien Lemoine. While the company has not spoken about publicly an IPO, rapid growth has led commentators to wonder if we may see one in the future. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Algolia offers "search as a service," streamlining the process of searching content within a website. According to TechCrunch, "the company now has over 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste," handling "over 1.5 trillion search queries per year." They go on to say, "while the company doesn't share revenue numbers directly, Algolia says that its annual recurring revenue has increased by 180% year over year." In July 2021 a press release, the company states that their latest round of funding brought in $150 million, bringing their total funding to $315 million from investors including Fidelity Management & Research Company LLC, STEADFAST Capital Ventures, Glynn Capital, and Twilio. This latest round of funding increased Algolia's post-money valuation to $2.25 billion.
Algolia is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Algolia has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
Algolia is privately held company and is not publicly traded, therefor investing in Algolia pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
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Yes, you can seek to sell shares in Algolia while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
---|---|---|---|---|
7/28/2021 | Series D |
$150MM raised | $XXX.XX | $XXX.XX |
10/15/2019 | Series C |
$90.75MM raised | $XXX.XX | $XXX.XX |
6/9/2017 | Series B |
$53MM raised | $XXX.XX | $XXX.XX |
5/20/2015 | Series A and A-1 |
$19.5MM raised | $XXX.XX | $XXX.XX |
6/19/2014 | Series Seed |
$1.65MM raised | $XXX.XX | $XXX.XX |