Forge Investment Outlook Q2 2024Road to Recovery: Private Market Accelerates in Q1
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BitPay was founded in 2011 by Anthony Gallippi and Stephen Pair. According to an article in Time Magazine, Pair says that there have been internal discussions of a future IPO. "A lot of it has to do with what we think about timing," he says. "In the next couple of years we are likely to see very substantial growth.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
BitPay allows users to "store, swap and spend cryptocurrency all in one app." It is one of the largest cryptocurrency payment processors in the world. In 2020, Frost & Sullivan, a market research and consulting firm, named BitPay Company of the Year. In January 2022, the company appointed Jim Lester COO. BitPay has raised over $75 million in funding from investors including Global Secure Invest, James Sowers, 10X Capital, Launch Code Capital, and RRE Ventures. After a Series A funding round in 2014, BitPay had a post-money valuation of $160 million, though that number could be as high as $500 million by now.
BitPay is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own BitPay pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
BitPay 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.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 4/2/2018 | Series B and B-1 | $43.45MM raised | $XXX.XX | $XXX.XX |
| 5/13/2014 | Series A | $30.5MM raised | $XXX.XX | $XXX.XX |
| 5/16/2013 | Series Seed-2 | $2MM raised | $XXX.XX | $XXX.XX |
| 1/7/2013 | Series Seed | $700K raised | $XXX.XX | $XXX.XX |
