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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Learn more about Petal

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What is Petal's IPO price?

The IPO price for Petal will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Petal?

Petal is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Petal shares pre-IPO?

If you own Petal pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Petal a publicly traded company?

Petal is a private company and not publicly traded.

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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What is Petal's funding to date?

Petal has raised $97.23MM to date.
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When was Petal founded?

Petal was founded in 2016.

Who are Petal's major investors?

Bossanova Investimentos
Flight Ventures
Evolution VC Partners
BergTop VC
WormHole Capital

Petal Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
9/24/2020 Series C, C-1, C-2 and C-3 $50MM raised $XXX.XX $XXX.XX
1/29/2019 Series B, B-1 and B-2 $30.21MM raised $XXX.XX $XXX.XX
1/10/2018 Series A $13.71MM raised $XXX.XX $XXX.XX
12/15/2016 Series Seed $3.3MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Apr 17, 2024


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