April Private Market Update
Netskope was founded in 2012 by Sanjay Beri and Lebin Cheng. In October 2024, Bloomberg reported that Chief Executive Officer Sanjay Beri indicated that Netskope is considering a potential IPO in the second half of 2025, contingent upon favorable market conditions.
Netskope is a cloud-oriented cybersecurity provider. Per Forge data, Netskope raised $1.4 billion in funding over 12 rounds, with their latest funding being raised on Jan 5, 2023. Key investors include Lightspeed Venture Partners, Accel, Morgan Stanley, and Social Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 07/09/2021 | Series H | $300MM | $xx.xx | $7.5B | Accel, Base Partners, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
14,671,268
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
Accel, Base Partners, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital
|
||||||
| 02/06/2020 | Series G | $349.82MM | $xx.xx | $2.81B | Accel, Base Partners, Canada Pension Plan Investment Board, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Social Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
41,793,107
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
Accel, Base Partners, Canada Pension Plan Investment Board, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, Social Capital
|
||||||
| 11/13/2018 | Series F | $168.7MM | $xx.xx | $1.36B | Accel, Base Partners, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Social Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
30,981,174
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
Accel, Base Partners, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Social Capital
|
||||||
| 04/27/2017 | Series E | $100MM | $xx.xx | $534.77MM | Accel, Dell Technologies Capital, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Social Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
38,358,222
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
Accel, Dell Technologies Capital, Geodesic Capital, Iconiq Capital, Lightspeed Venture Partners, Sapphire Ventures, Social Capital
|
||||||
| 09/03/2015 | Series D | $75MM | $xx.xx | $348.22MM | Accel, Iconiq Capital, Lightspeed Venture Partners, New York Life Ventures, Social Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
33,416,113
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
Accel, Iconiq Capital, Lightspeed Venture Partners, New York Life Ventures, Social Capital
|
||||||
| 05/15/2014 | Series C | $35.01MM | $xx.xx | $192.84MM | Accel, Lightspeed Venture Partners, Social Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
24,075,348
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
Accel, Lightspeed Venture Partners, Social Capital
|
||||||
| 10/03/2013 | Series B | $15.9MM | $xx.xx | $67.21MM | Lightspeed Venture Partners, Social Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
21,057,508
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
Lightspeed Venture Partners, Social Capital
|
||||||
| 11/02/2012 | Series A | $5.5MM | $xx.xx | $27.5MM | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
14,545,452
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
|
||||||
While the past few years have been relatively muted for IPOs, 2025 could see positive change, with several prominent companies hoping to take advantage of more favorable conditions next year. One of these venture-backed companies is Netskope, which is hoping to go public in the second half of 2025, as the Wall Street Journal reported.
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +42.78% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $28.78 | -0.14% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Kraken | $22.82 | -0.13% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Chime | $31.25 | +17.92% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | DriveWealth | -- | -- | $xx.xx | Series D-1 | $2.85B | $xx.xx | $449.89MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Liquid Death | $9.60 | +0.21% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Figma | $37.99 | +8.64% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
Updated on: Feb 12, 2025
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