Altruist Stock

altruist.comFinTech / Capital MarketsFounded: 2018Funding to Date: $458.58MM

Altruist is a FinTech company that develops a commission-free digital investment platform. This company was founded by Jason Wenk in 2018 and is headquartered in Greater Los Angeles Area, CA. The platform is designed to help independent financial advisors grow faster, cut costs, eliminate paperwork, and delight their clients.

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Private Market Pricing DetailsValuation & Financings

Altruist Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

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 ICONIQ Growth, Granite Capital Management
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ICONIQ Growth, Granite Capital Management
04/12/2023 Series D $111.64MM $xx.xx $928.18MM Insight Partners, Adams Street Partners, Bill McNabb, Ron Carson, Marty Bicknell
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
N/A
Key Investors
Insight Partners, Adams Street Partners, Bill McNabb, Ron Carson, Marty Bicknell
11/18/2021 Series C $110.88MM $xx.xx $817.65MM Declaration Partners, Venrock, Insight Partners, Vanguard
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Declaration Partners, Venrock, Insight Partners, Vanguard
05/19/2021 Series B $50.25MM $xx.xx $347.08MM Insight Partners, Venrock, Vanguard
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Partners, Venrock, Vanguard
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Venrock

Altruist investors also invested in these private companies

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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Can you buy Altruist stock?

As Altruist is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like Altruist, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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How to buy Altruist stock?

To invest in a private company like Altruist through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
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Can you sell Altruist stock?

Yes, you may sell the Altruist stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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How to sell Altruist stock?

If you hold private company shares of Altruist – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your Altruist on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
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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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What is Altruist’s stock price?

Altruist is a privately held company and therefore does not have a public stock price. However, you may access Altruist private market stock price with Forge Data.
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What is Altruist’s stock ticker symbol?

Altruist does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

Altruist’s news and media highlights

After being valued at over $1.5 billion, Altruist reportedly achieved Unicorn status.
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.
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.
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.
Updated on: Nov 17, 2024

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