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Altruist Funding Rounds and Valuation

Funding History Chart

Funding Round Details

	Funding Date	Share Class	Amount Raised	Price per Share	Post-Money Valuation	Key Investors
	05/02/2024	Series E	$169.35MM	$xx.xx	$1.53B	Granite Capital Management, Iconiq Growth
Price per Share $xx.xx Shares Outstanding 18,272,097 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 Granite Capital Management, Iconiq Growth
	04/12/2023	Series D	$111.64MM	$xx.xx	$928.18MM	Adams Street Partners, Bill Mcnabb, Insight Partners, Marty Bicknell, Ron Carson
Price per Share $xx.xx Shares Outstanding 17,190,841 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 2.0% Cumulative Cumulative Participating Non-participating Participation Cap -- Key Investors Adams Street Partners, Bill Mcnabb, Insight Partners, Marty Bicknell, Ron Carson
	11/18/2021	Series C	$110.88MM	$xx.xx	$817.65MM	Declaration Partners, Insight Partners, Vanguard, Venrock
Price per Share $xx.xx Shares Outstanding 17,074,173 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 Declaration Partners, Insight Partners, Vanguard, Venrock
	05/19/2021	Series B	$50.25MM	$xx.xx	$347.08MM	Insight Partners, Vanguard, Venrock
Price per Share $xx.xx Shares Outstanding 14,854,671 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 Insight Partners, Vanguard, Venrock
	11/25/2019	Series A-1	$8MM	$xx.xx	$43.3MM	Venrock
Price per Share $xx.xx Shares Outstanding 16,078,239 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 Venrock
	09/10/2018	Series A	$8.46MM	$xx.xx	$24.19MM	Venrock
Price per Share $xx.xx Shares Outstanding 23,084,259 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 Venrock

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Leadership & Board

Leadership

Nachiket Shiralka

Chief Technology Officer

Pete Dorsey

Chief Strategy & Revenue Officer

Jason Wenk

Founder & Chief Executive Officer

Zach Pentel

Chief Marketing Officer

Mazi Bahadori

Chief Operating Officer

Board

Nick Beim

Venrock

Jonathan Rosenbaum

Insight Partners

Jeff Horing

Insight Partners

Altruist stock FAQs

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Is Altruist a public company?

No, Altruist is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.

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Altruist News and Media Highlights

Blog

Startup Trends: 5 of the latest newly minted Unicorns in Q2 2024

August 22, 2024

In the second quarter of 2024, at least five private companies—Huntress, BillionToOne, xAl, Altruist, and Farcaster—achieved “unicorn status” by surpassing a billion dollars in value. According to CB Insights, as of May 2024, there are more than 1,200 unicorn companies worldwide.

Los Angeles Business Journal 05/13/2024

Altruist Achieves Unicorn Status

After being valued at over $1.5 billion, Altruist reportedly achieved Unicorn status.

Reuters 05/02/2024

RIA custodian Altruist valued at over $1.5 bln in latest funding round

Altruist said on Thursday it had raised fresh capital in a funding round that gave the custodian for registered investment advisors (RIAs) a valuation of more than $1.5 billion. It raised $169 million in a series E funding round led by investment firm ICONIQ Growth, taking its total fund raised so far to more than $450 million. Granite Capital Management was the new investor. The funding comes at a time when global venture capital investment has dropped to a near five-year low in the first three months of 2024, according to investment intelligence firm PitchBook, due to higher borrowing costs.

Altruist 04/16/2024

Altruist’s Series E — One Step Closer to Better, More Accessible Financial Advice

Nearly six years ago, Altruist was born: the first modern custodian built exclusively for RIAs. Our dedication to innovation and refusal to accept the status quo empower RIAs to offer the best financial advice possible, ultimately improving outcomes for end clients. At the end of the day, we exist to make financial advice better, more affordable, and accessible to everyone.

San Francisco Business Times 08/11/2023

Startup Altruist plans to open San Francisco office as it scraps remote-first strategy

The article discusses Everbridge's acquisition of Techwan, a Swiss software company, to expand its critical event management (CEM) capabilities. The move will allow Everbridge to leverage Techwan's SAGA technology, which enhances situational awareness and incident response, thereby strengthening Everbridge's position in the CEM market.

Last Funding Round
AngelList	--	$xx.xx	--	--	--	--
DriveWealth	--	$xx.xx	Series D-1	$2.85B	$xx.xx	$449.89MM
Freetrade	--	$xx.xx	--	--	--	--
Masterworks	--	$xx.xx	--	--	--	--
Nasdaq Private Market	--	$xx.xx	--	--	--	--
Pipe	$28.75	$xx.xx	Series 1.3	$2.07B	$xx.xx	$244.93MM
StartEngine	--	$xx.xx	Series T	$616.84MM	$xx.xx	$43.56MM
Titan	--	$xx.xx	Series C	$1.08B	$xx.xx	$16.98MM
Trade Republic	--	$xx.xx	Series C	$5.29B	--	$1.15B
TradingView	--	$xx.xx	Series C	$3B	$xx.xx	$50MM

Updated on: Dec 17, 2024

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Updated on: Dec 17, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. 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 Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price 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). Neither reference to company names, nor calculation of Forge Price for a specific company, implies 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.
The Last Closed Trade price displayed reflects the price at which the last trade in this company's security occurred on Forge, and can include secondary trades in any class of the company's security, or trades in units of funds holding the company's securities (the economics of which differ versus direct company ownership). The date displayed reflects the date on which the last trade in this company's security closed on Forge. This may be several weeks after the terms of the trade were agreed upon between the buyer and seller. In case of multiple trades closed on the same date, the price displayed is of either (i) the trade which terms were agreed upon most recently; or (ii) the trade with the higher notional value.
Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.

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Altruist Funding Rounds and Valuation

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