Deserve was founded in 2013 by Kalpesh Kapadia and Michael Hallinan. The company has not publicly endorsed plans to participate in an IPO.

Deserve is a fintech company that offers digital-first credit card solutions. The company allows businesses to develop and deploy branded cards for their customers. In 2022, Financial Times and Statista recognized Deserve as one of the fastest growing fintech companies in the United States. The company has raised more than $500 million in venture capital funding from investors including Mission Holdings, Goldman Sachs, Sallie Mae, Visa, Mastercard, and Ally Bank. The company was valued at $500 million after a $50 million round of Series D fundraising in 2021.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Can you invest in Deserve pre-IPO?

Deserve is a privately held company and is not publicly traded, therefore investing in Deserve 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.

Can you sell shares of Deserve before it goes public?

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What is the pre-IPO value of my Deserve shares?

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Is Deserve a publicly traded company?

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To learn more about Deserve potential IPO

Will Deserve go IPO?

Deserve 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.

What is Deserve’s IPO price?

The Deserve IPO price does not exist at this time, as Deserve 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 Deserve register for Forge Markets, today.

When was Deserve founded?

Deserve was founded in 2013.

What is Deserve funding to date?

Deserve has raised $561.48MM to date.

Who are Deserve’s major investors?

Accel
Alumni Ventures
Aspect Ventures
Pelion Venture Partners
Acrew Capital
SparkLabs

Deserve Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
04/05/2023 Series E-1 $39.38MM $xx.xx $24.07B --
Price per Share
$xx.xx
Shares Outstanding
21,643,409
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
--
04/05/2023 Series E $18.38MM $xx.xx $24.07B --
Price per Share
$xx.xx
Shares Outstanding
9,093,632
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
--
06/24/2021 Series DD-1 $8.01MM $xx.xx $51.72B Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae
Price per Share
$xx.xx
Shares Outstanding
1,336,157
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.2x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae
06/24/2021 Series DD $41.99MM $xx.xx $51.72B Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae
Price per Share
$xx.xx
Shares Outstanding
6,300,906
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ally Ventures, Goldman Sachs, Mastercard, Mission Holdings, Sallie Mae
11/04/2019 Series CC $50MM $xx.xx $21.76B Accel, Aspect Ventures, Goldman Sachs, Mission Holdings, Pelion Venture Partners, Sallie Mae
Price per Share
$xx.xx
Shares Outstanding
15,907,350
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Aspect Ventures, Goldman Sachs, Mission Holdings, Pelion Venture Partners, Sallie Mae
10/24/2017 Series BB $19.09MM $xx.xx $10.02B Accel, Alumni Venture Group, Aspect Ventures, Gdp Venture, Mission Holdings, Pelion Ventures
Price per Share
$xx.xx
Shares Outstanding
9,542,990
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Alumni Venture Group, Aspect Ventures, Gdp Venture, Mission Holdings, Pelion Ventures
08/24/2016 Series AA-2 $19.82MM $xx.xx $5.52B Accel Partners, Aspect Ventures, Pelion Venture Partners
Price per Share
$xx.xx
Shares Outstanding
13,559,406
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel Partners, Aspect Ventures, Pelion Venture Partners
06/18/2015 Series AA $8.26MM $xx.xx $1.84B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
7,223,724
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
Updated on: Nov 22, 2024

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