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Capsule

Capsule IPO

$458.12MM
Series E Valuation, Feb 2023
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Capsule IPO date and status

2016
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

Capsule is a new kind of pharmacy that has invested in technology, experience, and care. Instead of mailing prescriptions in 10-14 days, Capsule hand deliver them on the same day patients see your doctor. They've engineered a holistic pharmacy experience that provides personalized and effortless care, setting a new standard for how people interact with their medications. This company was founded by Eric Kinariwala in 2016 and is headquartered in New York, NY.
Founded
2016
Headquarters
New York, NY, United States
Founders
Eric Kinariwala, Sonia Patel
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$458.12MM
Total Funding
$1.49B
Last Funding Round
Series E

Learn more about Capsule

To invest in Capsule pre-IPO

Can you invest in Capsule pre-IPO?

Capsule is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?

Can you sell shares of Capsule before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Capsule is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Capsule shares?

To explore the value of your Capsule shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Capsule a publicly traded company?

Capsule is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Capsule potential IPO

Will Capsule go IPO?

Capsule 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 mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Capsule’s IPO price?

The Capsule IPO price does not exist at this time, as Capsule is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Capsule, register for Forge today.

When was Capsule founded?

Capsule was founded in 2016.

What is Capsule funding to date?

Capsule has raised $1.49B to date.

Capsule major investors

Baillie Gifford
Durable Capital Partners
Glade Brook Capital Partners
T. Rowe Price
Tcv
Thrive Capital

Capsule pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
02/13/2023 Series E $100MM $2.93 $458.12MM Cox Enterprises, Seedford Partners
Price per Share
$ xx.xx
Shares Outstanding
34,112,229
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
16.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cox Enterprises, Seedford Partners
04/28/2021 Series 1-D $42.62MM $2.93 $1.15B Baillie Gifford, Durable Capital Partners, Ipd Capital, T. Rowe Price, Whale Rock Capital Management
Price per Share
$ xx.xx
Shares Outstanding
14,537,052
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
16.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Durable Capital Partners, Ipd Capital, T. Rowe Price, Whale Rock Capital Management
09/13/2019 Series 1-C $14.1MM $2.93 $428.55MM 7 Global Capital, Evan Nehmadi, Glade Brook Capital Partners, G Squared, M13, Tcv, Thrive Capital
Price per Share
$ xx.xx
Shares Outstanding
4,808,269
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
16.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
7 Global Capital, Evan Nehmadi, Glade Brook Capital Partners, G Squared, M13, Tcv, Thrive Capital
08/13/2018 Series 1-B $17.8MM $2.87 $126.49MM 7 Global Capital, Glade Brook Capital Partners, Reshape, Sandy Cass, Thrive Capital
Price per Share
$ xx.xx
Shares Outstanding
6,193,457
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
7 Global Capital, Glade Brook Capital Partners, Reshape, Sandy Cass, Thrive Capital
05/17/2017 Series 1-A $6.05MM $1.77 $33.19MM Global Founders Capital, Palm Drive Capital, Sound Ventures, Thrive Capital, Virgin Group
Price per Share
$ xx.xx
Shares Outstanding
3,415,659
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Global Founders Capital, Palm Drive Capital, Sound Ventures, Thrive Capital, Virgin Group

Capsule IPO news and media highlights

Beacon Fund leads $1.5M round in decentralized social media app Capsule » CryptoNinjas

Beacon Fund, a dedicated crypto fund by Polychain Capital focused on growing the DFINITY Internet Computer, announced it has led a $1.5 million round in

Capsule CEO on how company differs from Amazon's digital pharmacy

Capsule Pharmacy CEO Eric Kinariwala joins CNBC'S "Squawk Alley" team to discuss the e-commerce aspects of the pharmacy industry and what it means for Amazon to enter the market.

Nasa poised to return to crewed spaceflight with SpaceX capsule launch

Public-private partnership with Elon Musk’s company to send four astronauts to international space station on Saturday

SpaceX capsule with astronauts aboard heads back to Earth

After a two-month mission to the International Space Station, NASA astronauts Bob Behnken and Doug Hurley are headed home.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Healthcare
Subsector: Healthcare Providers & Services
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
Generate BiomedicinesGenerate BiomedicinesNot available$ xx.xxSeries C$1.95B$11.85$288MM
Spyglass PharmaSpyglass PharmaNot available$ xx.xxSeries D$350.04MM$2.33$75MM
Affinia TherapeuticsAffinia TherapeuticsNot available$ xx.xxSeries C$156.61MM$1.62$40MM
OriginOriginNot available$ xx.xxNot available------

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
SpaceX SpaceX $550.00 +$102.77 (22.98%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
Figure AI Figure AI $174.00 -$20.00 (10.31%)Limited $xxx.xx

Forge, your trusted partner for pre-IPO insights and Capsule data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Updated on: Jul 16, 2025

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  4. Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
  5. Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.

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