Figure Technologies was founded in 2018 by Alana Ackerson, Cynthia Chen, June Ou, Michael Cagney, and Sara Priola. In 2021, co-founder and CEO Cagney (co-founder/former CEO of SoFi) and a group of other Figure employees started Figure Acquisition Corporation, a publicly traded SPAC that seeks to develop a portfolio of financial service and fintech companies. While Figure Acquisitions is a separate entity from Figure Technologies, the two companies are closely affiliated. These comments should not be interpreted to mean that Figure Technologies is formally pursuing or foregoing an IPO.
Figure is the developer of a web-based platform that manages digital assets and can be used for completing financial and investment transactions. The company uses blockchain technology to optimize traditional financial services. In 2021, Figure Technologies acquired HomeBridge Financial Services, a non-bank loan company. Figure has raised over $1.6 billion in Venture Capital funding, most recently in a 2021 round that brought in $200 million from investors such as Ulu Ventures, Sun Hung Kai & Co, RPM Ventures, and Morgan Creek Digital. The company was last valued at $3.2 billion.
Figure is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.
If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.
If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.
Can you sell shares of Figure before it goes public?
Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Figure is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.
If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.
What is the pre-IPO value of my Figure shares?
To explore the value of your Figure shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.
These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.
Is Figure a publicly traded company?
Figure is a private company and not publicly traded.
If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.
To learn more about Figure potential IPO
Will Figure go IPO?
Figure 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 Figure’s IPO price?
The Figure IPO price does not exist at this time, as Figure 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 Figure, register for Forge today.
When was Figure founded?
Figure was founded in 2018.
What is Figure funding to date?
Figure has raised $470.38MM to date.
Figure major investors
Baseline Ventures
Blockchange Ventures
Dst Capital
Ethos Vc
Lakestar
Ribbit Capital
Figure funding rounds and valuation
Funding history chart
Funding round details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
05/20/2021
Series D
$220MM
$xx.xx
$3.33B
10t Holdings, Dcm, Digital Currency Group, Dst Global, Hcm Capital, Morgan Creek Capital, Ribbit Capital, Rpb Ventures
Price per Share
$xx.xx
Shares Outstanding
12,439,325
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
--
Key Investors
10t Holdings, Dcm, Digital Currency Group, Dst Global, Hcm Capital, Morgan Creek Capital, Ribbit Capital, Rpb Ventures
12/05/2019
Series C
$100MM
$xx.xx
$1.21B
Morgan Creek Capital, Mufg Innovation Partners
Price per Share
$xx.xx
Shares Outstanding
13,221,916
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
--
Key Investors
Morgan Creek Capital, Mufg Innovation Partners
12/05/2019
Series C-2
$15MM
$xx.xx
$1.21B
Morgan Creek Capital, Mufg Innovation Partners
Price per Share
$xx.xx
Shares Outstanding
1,983,287
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
--
Key Investors
Morgan Creek Capital, Mufg Innovation Partners
12/05/2019
Series C-1
$3.05MM
$xx.xx
$1.21B
Morgan Creek Capital, Mufg Innovation Partners
Price per Share
$xx.xx
Shares Outstanding
504,081
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
--
Key Investors
Morgan Creek Capital, Mufg Innovation Partners
02/27/2019
Series B
$73.59MM
$xx.xx
$380MM
Alpha Square Group, Creditease, Dcm Ventures, Digital Currency Group, Dst Global, Morgan Creek Capital Management, Nimble Ventures, Ribbit Capital, Rpm Ventures, Temerity Capital Partners, Thirdstream Partners, Ulu Ventures
Price per Share
$xx.xx
Shares Outstanding
29,476,826
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
--
Key Investors
Alpha Square Group, Creditease, Dcm Ventures, Digital Currency Group, Dst Global, Morgan Creek Capital Management, Nimble Ventures, Ribbit Capital, Rpm Ventures, Temerity Capital Partners, Thirdstream Partners, Ulu Ventures
05/24/2018
Series A
$41.79MM
$xx.xx
$150MM
Baseline Ventures, Conversion Capital, Dcm Ventures, Dhvc, Fin Venture Capital, Mithril Capital Management, Nimble Ventures, Ribbit Capital, Rpm Ventures, Thomvest Ventures, Ulu Ventures
Price per Share
$xx.xx
Shares Outstanding
32,886,739
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
--
Key Investors
Baseline Ventures, Conversion Capital, Dcm Ventures, Dhvc, Fin Venture Capital, Mithril Capital Management, Nimble Ventures, Ribbit Capital, Rpm Ventures, Thomvest Ventures, Ulu Ventures
The last trading day in July came with another tech company making a much-anticipated public debut. Figma, the enterprise design platform, started on the Nasdaq at $33 per share and more than tripled its value at market close. This feat made the software company the first in history to do so on an opening day, following a more than $500 million capital raise.
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