PRIVATE MARKET UPDATE
CoreWeave was founded in 2017 by Michael Intrator, Brian Venturo, and Brannin McBee. In August 2024, Forge Global reported that CoreWeave is preparing for a potential IPO in 2025, driven by increasing demand for AI and cloud-based infrastructure.
CoreWeave is a cloud infrastructure company providing high-performance GPU-based solutions tailored for AI, machine learning, rendering, and other compute-intensive applications. Per Forge data, CoreWeave raised $650 million in funding in a November 2024 Secondary Transaction at a $23 billion valuation. Key investors include Blackrock, Cisco, Coatue, and Fidelity.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Round | Amount Raised | Price per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 05/01/2024 | Series C | $1.15B | $38.95 | $18.93B | Altimeter Capital, Blackstone, Coatue Management, Eric Schmidt, Fidelity, Jane Street Capital, Lykos Global Management, Magnetar Capital | |
|
Price per Share
$ xx.xx
Shares Outstanding
29,523,120
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
10.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altimeter Capital, Blackstone, Coatue Management, Eric Schmidt, Fidelity, Jane Street Capital, Lykos Global Management, Magnetar Capital
|
||||||
| 05/31/2023 | Series B | $446MM | $5.58 | $2.4B | Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia | |
|
Price per Share
$ xx.xx
Shares Outstanding
79,978,760
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia
|
||||||
| 05/31/2023 | Series B-1 | $4.09MM | $0.40 | $2.4B | Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia | |
|
Price per Share
$ xx.xx
Shares Outstanding
10,205,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Daniel Gross, Magnetar Capital, Nat Friedman, Nvidia
|
||||||
| 09/25/2019 | Series A | $2.26MM | $0.12 | $32.74MM | Undisclosed Investors | |
|
Price per Share
$ xx.xx
Shares Outstanding
19,361,000
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
| 02/25/2019 | Series Seed | $2.28MM | $0.05 | $20MM | Undisclosed Investors | |
|
Price per Share
$ xx.xx
Shares Outstanding
45,567,000
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
With calendrical winter coming to an end in just over a month, the chilly IPO market could soon be much warmer. Literally and figuratively, the market is well-poised to enter an "IPO Spring," as Connor Group Managing Partner Jim Neesen called it in a recent Yahoo Finance interview.
See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched | Round | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
 | Cohesity | $15.67 +$0.01 (0.06%) | $ xx.xx | Series H-1 | $4.69B | $15.66 | $27.5MM | |
 | Deel | Not available | $ xx.xx | Series E | $17.3B | $38.92 | $300MM | |
 | Genesys | Not available | $ xx.xx | Not available | -- | -- | -- | |
 | Envoy | Not available | $ xx.xx | Series C | $1.4B | $3.14 | $111MM | |
 | 4C | Not available | $ xx.xx | Not available | -- | -- | -- | |
Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.
| Company | Forge Price | Market Activity | Last Matched | |
|---|---|---|---|---|
 |
Anthropic | $259.14 -$13.84 (5.07%) | High | $xxx.xx |
 |
OpenAI | $723.12 +$0.12 (0.02%) | High | $xxx.xx |
 |
SpaceX | $587.07 +$6.05 (1.04%) | High | $xxx.xx |
 |
Anduril | $107.59 +$2.77 (2.64%) | High | $xxx.xx |
 |
Databricks | $197.65 -$0.01 (0.01%) | High | $xxx.xx |
| Company | Forge Price | Market Activity | Last Matched | |
|---|---|---|---|---|
|
Anthropic | $259.14 -$13.84 (5.07%) | High | $xxx.xx |
|
OpenAI | $723.12 +$0.12 (0.02%) | High | $xxx.xx |
|
Anduril | $107.59 +$2.77 (2.64%) | High | $xxx.xx |
|
Databricks | $197.65 -$0.01 (0.01%) | High | $xxx.xx |
 |
Perplexity | $69.54 +$6.59 (10.47%) | High | $xxx.xx |
Updated on: Jul 15, 2025
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