Frore Systems was founded in 2018 by Seshu Madhavapeddy and Suryaprakash Ganti. Frore Systems has not officially endorsed a plan to participate in an IPO.

Frore Systems is a thermal technology company whose flagship AirJet product removes heat from computer processors without the use of fans. Per Forge data, Frore Systems raised $100 million in funding over 3 rounds, with their latest funding occurring on Dec 1, 2022, from a Series C round. Key investors include Qualcomm Ventures and Clear Ventures.

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

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Learn more about Frore Systems

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Can you invest in Frore Systems pre-IPO?

Frore Systems is a privately held company and is not publicly traded, therefore investing in Frore Systems 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.
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Can you sell shares of Frore Systems before it goes public?

You can seek to sell your shares in Frore Systems 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.
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What is the pre-IPO value of my Frore Systems shares?

To determine the value of your Frore Systems 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 Frore Systems shares. You can also learn more about how to sell your private shares before getting started.
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Is Frore Systems 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.
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Will Frore Systems go IPO?

Frore Systems 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.
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What is Frore Systems’ IPO price?

The Frore Systems IPO price does not exist at this time, as Frore Systems 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 Frore Systems register for Forge Markets, today.
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When was Frore Systems founded?

Frore Systems was founded in 2018.
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What is Frore Systems funding to date?

Frore Systems has raised $202.33MM to date.

Who are Frore Systems’s major investors?

Qualcomm Ventures
Mayfield Fund
Alumni Ventures
Fidelity Management & Research
Addition
Prosperity7 Ventures
StepStone Group
Clear Ventures
MVP Ventures
Ethos Financial Group

Frore Systems Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
05/29/2024 Series C $80.02MM $xx.xx $686.13MM Fidelity Management & Research Company, Prosperity7, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, MVP Ventures, Stepstone Group, Alumni Ventures
Price per Share
$xx.xx
Shares Outstanding
4,978,092
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
N/A
Key Investors
Fidelity Management & Research Company, Prosperity7, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, MVP Ventures, Stepstone Group, Alumni Ventures
12/01/2022 Series B $66.55MM $xx.xx $502.74MM Qualcomm Ventures, Mayfield, Addition, Clear Ventures
Price per Share
$xx.xx
Shares Outstanding
4,889,839
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
N/A
Key Investors
Qualcomm Ventures, Mayfield, Addition, Clear Ventures
12/01/2022 Series A-2 $20.03MM $xx.xx $502.74MM Qualcomm Ventures, Mayfield, Addition, Clear Ventures
Price per Share
$xx.xx
Shares Outstanding
2,772,193
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
N/A
Key Investors
Qualcomm Ventures, Mayfield, Addition, Clear Ventures
07/23/2020 Series A-1 $25.59MM $xx.xx $99.76MM MVP Ventures, Alumni Ventures
Price per Share
$xx.xx
Shares Outstanding
6,695,351
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
N/A
Key Investors
MVP Ventures, Alumni Ventures
08/15/2018 Series A $10.14MM $xx.xx $22.53MM Clear Ventures
Price per Share
$xx.xx
Shares Outstanding
7,657,701
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
N/A
Key Investors
Clear Ventures
Updated on: Nov 6, 2024

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