Gemini was founded in 2014 by Cameron and Tyler Winklevoss. According to Reuters in June 2025, Gemini confidentially filed for an IPO.
Gemini is a developer of crypto products for individuals and institutions to buy, sell, and store digital assets. Per Forge data, Gemini has raised a total of $424.9 million over four funding rounds. Their latest funding round was June 20, 2022, in a Secondary Market round. Key investors include GenCap Management.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Round | Amount Raised | Price per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 11/23/2021 | Series B | $423.91M | $47.70 | $7.1B | 10t Holdings, Boost Vc, Commonwealth Bank Of Australia, Jane Street Capital, K5 Global, Marcy Venture Partners, Mogo, Morgan Creek Digital, Newflow Partners, Pantera Capital Management, Parafi Capital, United Talent Agency, VanEck, Winklevoss Capital Management, WnderCo | |
|
Price per Share
$ xx.xx
Shares Outstanding
8,887,101
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
10t Holdings, Boost Vc, Commonwealth Bank Of Australia, Jane Street Capital, K5 Global, Marcy Venture Partners, Mogo, Morgan Creek Digital, Newflow Partners, Pantera Capital Management, Parafi Capital, United Talent Agency, VanEck, Winklevoss Capital Management, WnderCo
|
||||||
| 06/30/2020 | Series A-3 | $9.43M | $9.72 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
970,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.5x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
| 06/30/2020 | Series A-5 | $12.41M | $8.35 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
1,486,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.1x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
| 06/30/2020 | Series A-4 | $44.84M | $7.90 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
5,676,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.1x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
| 06/30/2020 | Series A-7 | $21.4M | $6.61 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
3,238,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
2.3x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
| 06/30/2020 | Series A-6 | $12.76M | $3.12 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
4,091,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
2.8x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
| 06/30/2020 | Series A-1 | $10.48M | $0.71 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
14,756,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
3.8x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
| 06/30/2020 | Series A-2 | $140,220.00 | $0.19 | $859.66M | Winklevoss Capital Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
738,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
4.1x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Winklevoss Capital Management
|
||||||
The world of startups isn't always about creating something from nothing. In many cases, the success of one company sprouts seeds for others to grow. Sometimes that involves a direct relationship, like a startup founder exiting one company to start another. But in other cases, like with Gemini, founded by Cameron and Tyler Winklevoss, the cultivation is more nuanced.
With calendrical winter coming to an end in just over a month, the chilly IPO market could soon be much warmer. Literally and figuratively, the market is well-poised to enter an "IPO Spring," as Connor Group Managing Partner Jim Neesen called it in a recent Yahoo Finance interview.
See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched | Round | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
 | Kraken | $29.37 -$0.33 (1.11%) | $ xx.xx | Series E | $21B | $61.47 | $100M | |
 | FalconX | Not available | $ xx.xx | Not available | -- | -- | -- | |
 | DriveWealth | Not available | $ xx.xx | Series D-1 | $2.85B | $25.18 | $449.89M | |
 | Chia | Not available | $ xx.xx | Series D | $458.07M | $21.21 | $61M | |
 | Lendbuzz | Not available | $ xx.xx | Series D-1A | $1.07B | $16.65 | $1.53M | |
 | Blockchain.com | Not available | $ xx.xx | Not available | -- | -- | -- | |
 | Razorpay | Not available | $ xx.xx | Not available | -- | -- | -- | |
Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.
| Company | Forge Price (6M Change) | Market Activity | Last Matched | |
|---|---|---|---|---|
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DataRobot | $4.21 +$3.49 (484.72%) | Limited | $xxx.xx |
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SambaNova Systems | $70.13 +$51.08 (268.14%) | Limited | $xxx.xx |
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SandboxAQ | $41.35 +$26.10 (171.15%) | Limited | $xxx.xx |
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Stoke Space | $119.38 +$69.46 (139.14%) | Limited | $xxx.xx |
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Tensordyne | $29.47 +$14.97 (103.24%) | Limited | $xxx.xx |
| Company | Forge Price | Market Activity | Last Matched | |
|---|---|---|---|---|
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OpenAI | Not available | Limited | $xxx.xx |
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Anthropic | Not available | Medium | $xxx.xx |
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Databricks | $268.50 +$72.19 (36.77%) | High | $xxx.xx |
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Anduril | $140.00 +$28.29 (25.32%) | High | $xxx.xx |
 |
Lambda | $58.78 +$6.75 (12.97%) | Limited | $xxx.xx |
Updated on: Aug 20, 2026
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