| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 03/03/2025 | Series E-1 | $1.92B | $xx.xx | $61.5B | Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity, General Catalyst, Jane Street Capital, Lightspeed Venture Partners, Menlo Ventures, Salesforce Ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
34,210,393
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity, General Catalyst, Jane Street Capital, Lightspeed Venture Partners, Menlo Ventures, Salesforce Ventures
|
||||||
| 03/03/2025 | Series E-2 | $2.58B | $xx.xx | $61.5B | ||
|
Price per Share
$xx.xx
Shares Outstanding
123,339,965
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Google
|
||||||
| 11/22/2024 | Series E-3 | $710.31MM | $xx.xx | $41.07B | Amazon | |
|
Price per Share
$xx.xx
Shares Outstanding
12,664,555
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon
|
||||||
| 11/22/2024 | Series E-5 | $1.29B | $xx.xx | $41.07B | Amazon | |
|
Price per Share
$xx.xx
Shares Outstanding
24,243,584
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon
|
||||||
| 11/22/2024 | Series E-4 | $2.09B | $xx.xx | $41.07B | Amazon | |
|
Price per Share
$xx.xx
Shares Outstanding
41,426,989
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon
|
||||||
| 03/27/2024 | Series D-3 | $150MM | $xx.xx | $18.4B | Amazon | |
|
Price per Share
$xx.xx
Shares Outstanding
4,999,250
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon
|
||||||
| 03/27/2024 | Series D-2 | $120MM | $xx.xx | $18.4B | Amazon | |
|
Price per Share
$xx.xx
Shares Outstanding
4,443,769
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon
|
||||||
| 10/27/2023 | Series D-1 | $1.05B | $xx.xx | $14.55B | ||
|
Price per Share
$xx.xx
Shares Outstanding
35,012,753
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Google
|
||||||
| 05/23/2023 | Series C-2 | $150MM | $xx.xx | $4.99B | Google, Menlo Ventures, Nls Ventures, Raison, Salesforce Ventures, Seven Rivers Capital, Sound Ventures, Spark Capital, Sva, Zoom Ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
13,361,719
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Google, Menlo Ventures, Nls Ventures, Raison, Salesforce Ventures, Seven Rivers Capital, Sound Ventures, Spark Capital, Sva, Zoom Ventures
|
||||||
| 05/23/2023 | Series C-1 | $296.34MM | $xx.xx | $4.99B | Google, Menlo Ventures, Nls Ventures, Raison, Salesforce Ventures, Seven Rivers Capital, Sound Ventures, Spark Capital, Sva, Zoom Ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
26,397,182
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Google, Menlo Ventures, Nls Ventures, Raison, Salesforce Ventures, Seven Rivers Capital, Sound Ventures, Spark Capital, Sva, Zoom Ventures
|
||||||
| 02/03/2023 | Series B | $981.5MM | $xx.xx | $4.02B | Caroline Ellison, Center For Emerging Risk Research, Jaan Tallinn, Jim Mcclave, Nishad Singh, Sam Bankman-Fried | |
|
Price per Share
$xx.xx
Shares Outstanding
87,430,352
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Caroline Ellison, Center For Emerging Risk Research, Jaan Tallinn, Jim Mcclave, Nishad Singh, Sam Bankman-Fried
|
||||||
| 05/28/2021 | Series A | $124.62MM | $xx.xx | $623.11MM | Center For Emerging Risk Research, Dustin Moskovitz, Eric Schmidt, Jaan Tallinn, James Mcclave | |
|
Price per Share
$xx.xx
Shares Outstanding
48,574,420
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Center For Emerging Risk Research, Dustin Moskovitz, Eric Schmidt, Jaan Tallinn, James Mcclave
|
||||||
Private market demand signals — such as investor indications of interest — can help illuminate which companies are gaining traction even before a public offering. In the first quarter of 2025, investor appetite remained strong for startups shaping the future of artificial intelligence, defense technology and blockchain infrastructure.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Databricks | $107.91 | +9.56% | $xx.xx | Series J | $62.04B | $xx.xx | $10.18B |
 | DeepSeek | -- | -- | $xx.xx | -- | -- | -- | -- |
 | Glean | $47.00 | +0.21% | $xx.xx | Series E | $4.6B | $xx.xx | $265MM |
 | Groq | $17.48 | -1.13% | $xx.xx | Series D | $2.81B | $xx.xx | $493.45MM |
 | Helsing | -- | -- | $xx.xx | Series B | -- | -- | -- |
 | OpenAI | $517.24 | +73.71% | $xx.xx | Funding Round | -- | -- | -- |
 | Perplexity | $349.59 | +0.29% | $xx.xx | Series D-1 | $9B | $xx.xx | $441MM |
 | SandboxAQ | $15.60 | -9.36% | $xx.xx | Series E | $5.78B | $xx.xx | $450MM |
 | Scale AI | $16.61 | +0.42% | $xx.xx | Series F | $13.8B | $xx.xx | $900MM |
 | xAI | $39.65 | +0.10% | $xx.xx | Series C | $50B | $xx.xx | $6B |
Updated on: May 12, 2025
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES
‘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.
The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.
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.
