Deserve Deserve IPO
$240.73MM
Series E Valuation, Apr 2023
Register for Details
For more details on financing and valuation for Deserve, register or login.
Please provide a valid email address.
By registering, you agree to Forge’s Terms of Use. Already registered? Sign in
Company Details

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.

Sector
Subsector
Founded
2013
Forge Price 1
Price not yet available
Post-Money Valuation 3
$240.73MM
Total Funding
$561.48MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series E

Learn More About Deserve

To invest in Deserve pre-IPO

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?

You can seek to sell your shares in Deserve 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.

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

To determine the value of your Deserve 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 Deserve shares. You can also learn more about how to sell your private shares before getting started.

Is Deserve 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.

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 2025.

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.
Deserve 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 $18.38MM $xx.xx $240.73MM --
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
--
04/05/2023 Series E-1 $39.38MM $xx.xx $240.73MM --
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
--
06/24/2021 Series DD $41.99MM $xx.xx $517.17MM 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
06/24/2021 Series DD-1 $8.01MM $xx.xx $517.17MM 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
11/04/2019 Series CC $50MM $xx.xx $217.64MM 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 $100.19MM 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 $55.23MM 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 $18.36MM 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
Private Companies Exploring an IPO
Last Funding Round
Company Forge Price Forge Price Change 5 Last Closed Trade Share Class Post-Money Valuation Price per Share Amount Raised
CerebrasCerebras$40.08+0.68%$xx.xxSeries F-1$2.84B$xx.xx$85MM
CoreWeaveCoreWeave$1,149.84+18.78%$xx.xxSeries C$19B$xx.xx$1.15B
ChimeChime$24.86+0.32%$xx.xxSeries G$24.93B$xx.xx$1.1B
KlarnaKlarna$370.00-1.33%$xx.xxUnknown$6.7B$xx.xx--
TuroTuro$12.96-4.07%$xx.xxSeries E$1.24B$xx.xx$240.52MM
CircleCircle$25.50+3.2%$xx.xxSeries F$8.05B$xx.xx$401MM
NetskopeNetskope$11.07+2.98%$xx.xxSeries H$7.5B$xx.xx$300MM
Liquid DeathLiquid Death$9.49+0.21%$xx.xxSeries F-1$1.4B$xx.xx$67.61MM
CohesityCohesity$15.66-2.12%$xx.xxSeries H-1$4.69B$xx.xx$27.5MM
MNTNMNTN----$xx.xxSeries D$2.21B$xx.xx$119MM

Updated on: Jan 23, 2025

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

  1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
  2. The Last Closed Trade price displayed reflects the price at which the last trade in this company's security occurred on Forge, and can include secondary trades in any class of the company's security, or trades in units of funds holding the company's securities (the economics of which differ versus direct company ownership). The date displayed reflects the date on which the last trade in this company's security closed on Forge. This may be several weeks after the terms of the trade were agreed upon between the buyer and seller. In case of multiple trades closed on the same date, the price displayed is of either (i) the trade which terms were agreed upon most recently; or (ii) the trade with the higher notional value.
  3. Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
  4. Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
  5. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.