DailyPay IPO

DailyPay was founded in 2015 by by Jason Lee and Robert Law. Following a $175 million round of Series D funding, CEO Lee discussed potential plans to take the company public, saying “like all high-growth tech companies, we are considering strategic alternatives, one of which could be an IPO." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

DailyPay helps organizations grant their employees early access to their paychecks, a service that is particularly important in low-wage and gig-based workplaces where employees are more likely to be living paycheck to paycheck. More than 300 companies use the service, including Burger King, DollarTree, Kroger, Berkshire Hathaway, Uber, and DoorDash.The recent round of Series D funding led by Carrick Capital Partners brought the company's total funding to more than $500 million. Other investors include RPM Ventures, Sand Hill Angels, and Fin Venture Capital. The funding round raised the company's post-money valuation to more than $1 billion.

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Learn more about DailyPay

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Can you invest in DailyPay pre-IPO?

DailyPay is a privately held company and is not publicly traded, therefore investing in DailyPay pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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Can you sell shares of DailyPay before it goes public?

You can seek to sell your shares in DailyPay while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
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What is the pre-IPO value of my DailyPay shares?

To determine the value of your DailyPay shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your DailyPay shares. You can also learn more about how to sell your private shares before getting started.
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Is DailyPay a publicly traded company?

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
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Will DailyPay go IPO?

DailyPay 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 2024.
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What is DailyPay’s IPO price?

The DailyPay IPO price does not exist at this time, as DailyPay 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 DailyPay register for Forge Markets, today.
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When was DailyPay founded?

DailyPay was founded in 2015.
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What is DailyPay funding to date?

DailyPay has raised $332MM to date.

Who are DailyPay’s major investors?

Draper Frontier
Fin Venture Capital
Anthem Venture Partners
Carrick Capital Partners
Gaingels
Inspiration Ventures
Meyer Ventures
Wavemaker Partners
Undisclosed Investors
Microventures
Evolution Vc Partners
Rpm Ventures
Ourcrowd

DailyPay Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
01/18/2024 Series D-1 $75.5MM $xx.xx $1.75B Carrick Capital Partners
Price per Share
$xx.xx
Shares Outstanding
2,202,509
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
N/A
Key Investors
Carrick Capital Partners
05/18/2021 Series D $175MM $xx.xx $1.16B Carrick Capital Partners
Price per Share
$xx.xx
Shares Outstanding
6,785,100
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
N/A
Key Investors
Carrick Capital Partners
12/31/2019 Series C $55.5MM $xx.xx $562.27MM Fin Venture Capital
Price per Share
$xx.xx
Shares Outstanding
3,242,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fin Venture Capital
06/29/2018 Series B-2 $2.03MM $xx.xx $161.2MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
380,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
06/29/2018 Series B-1 $7.36MM $xx.xx $161.2MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
2,780,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
02/15/2018 Series B $9.09MM $xx.xx $38.64MM RPM Ventures, Inspiration Ventures, Draper Frontier
Price per Share
$xx.xx
Shares Outstanding
5,860,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
RPM Ventures, Inspiration Ventures, Draper Frontier
09/06/2016 Series A-1 $1.02MM $xx.xx $23.2MM RPM Ventures, Inspiration Ventures, Draper Frontier
Price per Share
$xx.xx
Shares Outstanding
1,000,000
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
RPM Ventures, Inspiration Ventures, Draper Frontier
09/06/2016 Series A $5MM $xx.xx $23.2MM RPM Ventures, Inspiration Ventures, Draper Frontier
Price per Share
$xx.xx
Shares Outstanding
4,896,140
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
RPM Ventures, Inspiration Ventures, Draper Frontier
10/31/2015 Series Seed $1.5MM $xx.xx $7.5MM Meyer Ventures
Price per Share
$xx.xx
Shares Outstanding
3,191,480
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Meyer Ventures
Updated on: Nov 8, 2024

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