Figure IPO: Investment Opportunities & Pre-IPO Valuations

Company details

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.com

Sector

Fintech

Subsector

Lending

Founded

2018

Headquarters

San Francisco, CA, United States

Forge Price ¹

$5.68

Forge Price Date

07/09/2025

Post-Money Valuation ³

$3.33B

Total Funding

$470.38MM

LFR Price per Share

$xx.xx

Last Funding Share Class

Series D

Learn more about Figure

To invest in Figure pre-IPO

Can you invest in Figure pre-IPO?

Figure is a privately held company and is not publicly traded, therefore investing in Figure 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 Figure before it goes public?

You can seek to sell your shares in Figure 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 Figure shares?

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

Is Figure 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 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 Markets, 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
	01/11/2018	Series Seed	$16.95MM	$xx.xx	$100MM	Undisclosed Investors
Price per Share $xx.xx Shares Outstanding 16,103,128 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 Undisclosed Investors

Access Stock Price

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
	OpenAI	$469.47	-0.01%	$xx.xx	Funding Round	--	--	--
	Anduril	$40.88	-3.86%	$xx.xx	Series G	$30.5B	$xx.xx	$2.5B
	Figma	$38.00	+0.03%	$xx.xx	Series E	$10B	$xx.xx	$200MM
	Cerebras	$31.34	-0.16%	$xx.xx	Series F-1	$2.87B	$xx.xx	$420MM
	Kraken	$31.63	+11.77%	$xx.xx	Series B	$5.52B	$xx.xx	$52.5MM
	Shein	--	--	$xx.xx	--	--	--	--
	Netskope	$14.50	+8.45%	$xx.xx	Series H	$7.5B	$xx.xx	$300MM
	Klarna	$37.31	+21.02%	$xx.xx	Unknown	--	--	--
	Discord	$239.72	+6.61%	$xx.xx	Series I	$15B	$xx.xx	$500MM
	HeartFlow	--	--	$xx.xx	Series E	$1.65B	$xx.xx	$305MM

See Tech IPO Calendar

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Updated on: Jul 9, 2025

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Figure IPO