Petal IPO

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

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.

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.

Can you invest in Petal pre-IPO?

Petal is privately held company and is not publicly traded, therefor investing in Petal pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

What is the value of my Petal shares?

To determine the value of your Petal shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your Petal shares. You can also learn more about how to sell your private shares before getting started.

Can you sell Petal before it goes public?

Yes, you can seek to sell shares in Petal 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.

What is Petal's funding to date?

Petal has raised $97.23MM to date.

When was Petal founded?

Petal was founded in 2016.

Who are Petal's major investors?

Gaingels

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: Jul 26, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

Petal IPO

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