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Code42 Software

Code42 Software IPO

$348.27MM
Series B Valuation, Oct 2015
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Company Details

Code42 Software was founded in 2001 by Brian Bispala, Matthew Dornquast, and Mitch Coopet. The company has not spoken publicly about plans to pursue an IPO, but CEO and President Joe Payne has a proven record of success, leading Eloqua through a successful IPO. The Minneapolis Star Tribune predicts that "an IPO could occur within a couple of years, as Code42 crosses $150 million in revenue and demonstrates profitable growth." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Code42 offers data security solutions. The company specializes in protecting against insider risk, a concept that Code42 defines as any potential data exposure that might occur from the actions, often accidental, of a person within an organization. Code42 has raised over $130 million in venture capital funding from investors including JMI Equity, New Enterprise Associates, Accel Partners, and Split Rock Partners. The company's most recent round of funding took place in 2015, but Code42 continues to experience rapid growth, with revenue increasing by 125% in 2021. Code42 has a post-money valuation of up to $500 million.

Subsector
Founded
2001
Headquarters
Minneapolis, MN, United States
Forge Price 1
Price not available
Post-Money Valuation 3
$348.27MM
Total Funding
$140.12MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series B

Learn More About Code42 Software

To invest in Code42 Software pre-IPO

Can you invest in Code42 Software pre-IPO?

You can no longer invest in Code42 Software with Forge. But if you are an accredited investor interested in buying pre-IPO shares of a private company, you can learn more about how to invest in the private market or register today to get started.

Can you sell shares of Code42 Software before it goes public?

You can no longer sell shares of Code42 Software on Forge as this company is no longer private. However, if you own shares of a private company, Forge may be able to help you sell them in a way that works for you and the company. Learn more or register with us today to get started.

What is the pre-IPO value of my Code42 Software shares?

Forge can no longer determine the value of Code42 Software shares as this company is no longer private. However, if you own shares of a private company, Forge may help you value and sell them in a way that works for you and the company. Learn more or register with us today to get started.

Is Code42 Software a publicly traded company?

Code42 Software became a public company following its M&A on 07/24/2024 and is now a publicly traded company.

To learn more about Code42 Software potential IPO

Will Code42 Software go IPO?

Code42 Software became a public company following its M&A on 07/24/2024.

What is Code42 Software’s IPO price?

The IPO price of Code42 Software is not currently available.

When was Code42 Software founded?

Code42 Software was founded in 2001.

What is Code42 Software funding to date?

Code42 Software has raised $140.12MM to date.
Code42 Software Major Investors
Triplepoint Capital
Split Rock Partners
New Enterprise Associates
Newview Capital
Accel
Jmi Equity
Accel Partners
Realization Capital Partners

Code42 Software Funding Rounds and Valuation

Funding History Chart
Created with Highcharts 11.0.0BA200520102015$0$100MM$200MM$300MM$400MM
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
10/13/2015 Series B $85.64MM $xx.xx $348.27MM Accel Partners, Jmi Equity, New Enterprise Associates, Split Rock Partners
Price per Share
$xx.xx
Shares Outstanding
24,968,400
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.1x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel Partners, Jmi Equity, New Enterprise Associates, Split Rock Partners
01/18/2012 Series A $54.48MM $xx.xx $239.48MM Accel Partners, Split Rock Partners
Price per Share
$xx.xx
Shares Outstanding
16,778,301
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
Accel Partners, Split Rock Partners
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Updated on: Feb 13, 2025

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