August Private Market Update
$112.75 $112.75+$51.05 (82.74%)+$0.00 (0.00%)+$0.00 (0.00%)+$0.00 (0.00%)+$44.38 (64.91%)
| Funding Date | Share Class | Amount Raised | Price Per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 12/17/2024 | Series J | $10.18B | $92.50 | $62.04B | Andreessen Horowitz, Dst Global, Gic, Iconiq, Insight Partners, MGX, Ontario Teachers� Pension Plan, Sands Capital, Thrive Capital, Wcm Investment Management, Wellington Management | |
|
Price Per Share
$92.50
Shares Outstanding
110,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Dst Global, Gic, Iconiq, Insight Partners, MGX, Ontario Teachers� Pension Plan, Sands Capital, Thrive Capital, Wcm Investment Management, Wellington Management
|
||||||
| 09/14/2023 | Series I | $684.56MM | $73.50 | $43.41B | Andreessen Horowitz, Baillie Gifford, Capital One Ventures, Clearbridge Investments, Counterpoint Global, Fidelity, Franklin Templeton, Ghisallo Capital Management, Gic, Nvidia, Octahedron Capital, Ontario Teachers' Pension Plan, Tiger Global Management, T. Rowe Price Associates | |
|
Price Per Share
$73.50
Shares Outstanding
9,313,729
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Baillie Gifford, Capital One Ventures, Clearbridge Investments, Counterpoint Global, Fidelity, Franklin Templeton, Ghisallo Capital Management, Gic, Nvidia, Octahedron Capital, Ontario Teachers' Pension Plan, Tiger Global Management, T. Rowe Price Associates
|
||||||
| 08/31/2021 | Series H | $1.63B | $73.48 | $37.89B | Baillie Gifford, Blackrock, Canada Pension Plan Investment Board, Clearbridge Investments, Coatue Management, Counterpoint Global, Fidelity, Franklin Templeton, Gic, Greenoaks, Octahedron Capital, Tiger Global Management, T. Rowe Price, Uc Investments, Whale Rock Capital Management | |
|
Price Per Share
$73.48
Shares Outstanding
22,200,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Blackrock, Canada Pension Plan Investment Board, Clearbridge Investments, Coatue Management, Counterpoint Global, Fidelity, Franklin Templeton, Gic, Greenoaks, Octahedron Capital, Tiger Global Management, T. Rowe Price, Uc Investments, Whale Rock Capital Management
|
||||||
| 02/01/2021 | Series G | $1.03B | $59.12 | $28B | Alkeon Capital Management, Amazon Web Services, Andreessen Horowitz, Blackrock, Capitalg, Coatue Management, Cppib, Fidelity, Franklin Templeton, Microsoft, Salesforce Ventures, Tiger Global Management, T. Rowe Price, Whale Rock | |
|
Price Per Share
$59.12
Shares Outstanding
17,400,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alkeon Capital Management, Amazon Web Services, Andreessen Horowitz, Blackrock, Capitalg, Coatue Management, Cppib, Fidelity, Franklin Templeton, Microsoft, Salesforce Ventures, Tiger Global Management, T. Rowe Price, Whale Rock
|
||||||
| 10/22/2019 | Series F | $408.01MM | $14.32 | $6.2B | Alkeon Capital Management, Andreessen Horowitz, Blackrock, Coatue Management, Dragoneer Investment Group, Geodesic Capital, Green Bay Ventures, Microsoft, New Enterprise Associates, Tiger Global Management, T. Rowe Price | |
|
Price Per Share
$14.32
Shares Outstanding
28,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alkeon Capital Management, Andreessen Horowitz, Blackrock, Coatue Management, Dragoneer Investment Group, Geodesic Capital, Green Bay Ventures, Microsoft, New Enterprise Associates, Tiger Global Management, T. Rowe Price
|
||||||
| 02/05/2019 | Series E | $250MM | $7.10 | $2.81B | Andreessen Horowitz, Coatue Management, Geodesic Capital, Green Bay Ventures, Microsoft, New Enterprise Associates | |
|
Price Per Share
$7.10
Shares Outstanding
35,231,280
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Coatue Management, Geodesic Capital, Green Bay Ventures, Microsoft, New Enterprise Associates
|
||||||
| 08/22/2017 | Series D | $140MM | $2.79 | $960.3MM | A Capital Partners, Andreessen Horowitz, Battery Ventures, Geodesic Capital, Green Bay Ventures, New Enterprise Associates, The Future Fund | |
|
Price Per Share
$2.79
Shares Outstanding
50,104,962
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A Capital Partners, Andreessen Horowitz, Battery Ventures, Geodesic Capital, Green Bay Ventures, New Enterprise Associates, The Future Fund
|
||||||
| 12/15/2016 | Series C | $60.37MM | $1.97 | $519.62MM | Andreessen Horowitz, In-Q-Tel, New Enterprise Associates, Sinewave Ventures | |
|
Price Per Share
$1.97
Shares Outstanding
30,709,548
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, In-Q-Tel, New Enterprise Associates, Sinewave Ventures
|
||||||
| 06/30/2014 | Series B | $34.14MM | $1.12 | $250.23MM | Andreessen Horowitz, Australia Future Fund, Data Collective, New Enterprise Associates | |
|
Price Per Share
$1.12
Shares Outstanding
30,618,855
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Australia Future Fund, Data Collective, New Enterprise Associates
|
||||||
| 09/25/2013 | Series A | $14MM | $0.26 | $48.68MM | Andreessen Horowitz | |
|
Price Per Share
$0.26
Shares Outstanding
53,951,256
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz
|
||||||
Private market demand signals — such as investor indications of interest — can help illuminate which companies are gaining traction even before a public offering. In the first quarter of 2025, investor appetite remained strong for startups shaping the future of artificial intelligence, defense technology and blockchain infrastructure.
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched Price | Share Class | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
| Anthropic | $162.15 +$103.15 (174.83%) | $xx.xx | Series F-4 | $183B | $140.97 | $779.96MM | |
 | DeepSeek | -- | $xx.xx | -- | -- | -- | -- | |
 | Groq | $32.28 -$0.01 (0.03%) | $xx.xx | Series D-3 | $6.74B | $32.16 | $750MM | |
 | Helsing | -- | $xx.xx | Series B | -- | -- | -- | |
 | Mistral AI | -- | $xx.xx | -- | -- | -- | -- | |
 | OpenAI | $469.47 -$0.05 (0.01%) | $xx.xx | Funding Round | -- | -- | -- | |
| Perplexity | $695.44 +$65.95 (10.48%) | $xx.xx | Series E-4 | $18B | $629.49 | $100MM | |
 | SambaNova Systems | $19.12 -$1.59 (7.68%) | $xx.xx | Series D-3 | $5.11B | $95.02 | $38.68MM | |
 | Scale AI | $19.64 +$1.14 (6.16%) | $xx.xx | Series G-2 | $29.18B | $19.64 | $7.15B | |
| xAI | $39.38 +$0.01 (0.03%) | $xx.xx | Series C | $50B | $21.65 | $6B | |
Updated on: Aug 31, 2025
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