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.

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What is Code42 Software's IPO price?

The IPO price for Code42 Software will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Code42 Software?

Code42 Software 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.

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Can you sell Code42 Software shares pre-IPO?

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Is Code42 Software a publicly traded company?

Code42 Software is a private company and not publicly traded.

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What is Code42 Software's funding to date?

Code42 Software has raised $140.12MM to date.
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When was Code42 Software founded?

Code42 Software was founded in 2001.

Who are Code42 Software's major investors?

New Enterprise Associates
Split Rock Partners
JMI Equity
NewView Capital
TriplePoint Capital
Realization Capital Partners

Code42 Software funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation

Series B

$85.64MM raised $XXX.XX $XXX.XX

Series A

$54.48MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Jul 14, 2024


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