Petal was founded in 2016 by Jack Arenas, Paul Rabil, Jason Rosen, and Andrew Endicott. The company has not publicly endorsed plans to participate in an IPO.

Petal, through a partnership with Visa, offers credit cards to customers with limited credit history. While many customers are first time credit card holders, others are using the company's products to rebuild damaged credit. The company has raised more than $650 in private funding from investors including Valar Ventures, CUNA Mutual, Encore Bank, Volery Capital Partners, Gopher Asset Management, RiverPark Ventures, Afore Capital, and Gaingels. Petal was valued at $800 million after a $55 million round of Series C funding in 2020.

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

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Can you invest in Petal pre-IPO?

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

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What is the pre-IPO value of my Petal shares?

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Is Petal a publicly traded company?

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To learn more about Petal potential IPO

Will Petal go IPO?

Petal 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.

What is Petal’s IPO price?

The Petal IPO price does not exist at this time, as Petal 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 Petal register for Forge Markets, today.

When was Petal founded?

Petal was founded in 2016.

What is Petal funding to date?

Petal has raised $97.23MM to date.

Who are Petal’s major investors?

Gaingels
Bossanova Investimentos
Flight Ventures
Evolution VC Partners
BergTop VC
WormHole Capital

Petal Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
09/24/2020 Series C-2 $6.41MM $xx.xx $361.61MM Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
2,150,646
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
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
09/24/2020 Series C-1 $6.46MM $xx.xx $361.61MM Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
2,029,644
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
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
09/24/2020 Series C-3 $9.77MM $xx.xx $361.61MM Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
1,993,873
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
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
09/24/2020 Series C $27.36MM $xx.xx $361.61MM Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
6,882,870
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
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
01/29/2019 Series B-2 $250,550.00 $xx.xx $121.81MM Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
115,328
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
Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
01/29/2019 Series B-1 $2.76MM $xx.xx $121.81MM Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
1,177,696
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
Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
01/29/2019 Series B $27.2MM $xx.xx $121.81MM Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
10,432,848
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
Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
01/10/2018 Series A $13.71MM $xx.xx $50.74MM 5xmais, Abstract Ventures, Riverpark Ventures, Rosecliff Venture Partners, Valar Ventures
Price per Share
$xx.xx
Shares Outstanding
10,892,241
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
5xmais, Abstract Ventures, Riverpark Ventures, Rosecliff Venture Partners, Valar Ventures
12/15/2016 Series Seed $3.3MM $xx.xx $14.12MM Abstract Ventures, Afore Capital, Brooklyn Bridge Ventures, Great Oaks Venture Capital, Guild Capital
Price per Share
$xx.xx
Shares Outstanding
6,874,999
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
Abstract Ventures, Afore Capital, Brooklyn Bridge Ventures, Great Oaks Venture Capital, Guild Capital
Updated on: Dec 22, 2024

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