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 | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 05/01/2024 | Series C | $1.15B | $xx.xx | $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 | $xx.xx | $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 | $xx.xx | $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 | $xx.xx | $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 | $xx.xx | $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.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +42.78% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $28.00 | -23.35% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $20.70 | -7.75% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Chime | $31.25 | +17.92% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
 | Circle | $47.37 | +57.9% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Liquid Death | $9.25 | -3.65% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Netskope | $13.37 | +11.79% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM |
Updated on: Apr 1, 2025
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