Plaid was founded in 2013 by William Hockey and Zachary Perret. In October 2023 the Chief Financial Officer of Plaid Eric Hart reported to the Financial Times, “I’m certainly going to make sure that we have an organization, particularly from the finance perspective, that has a robust set of processes, procedures, compliance that we can be in a position if [an IPO] is the right milestone for us to take a step forward on.”
Plaid is a fintech company that uses a digital banking platform for startups and financial organizations. Per Forge data, Plaid raised $734.3 million over 6 rounds. Their latest funding was raised on Aug 17, 2021, from a Series D round. Key investors include Spark Capital, Altimeter Capital, Enterprise Associates, and Goldman Sachs Investment Partners.
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 | |
|---|---|---|---|---|---|---|
| 04/05/2021 | Series D | $449.99MM | $xx.xx | $13.4B | Altimeter Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Ribbit Capital, Silver Lake | |
|
Price per Share
$xx.xx
Shares Outstanding
772,992
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
Altimeter Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Ribbit Capital, Silver Lake
|
||||||
| 04/05/2021 | Series D-1 | $7.5MM | $xx.xx | $13.4B | Altimeter Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Ribbit Capital, Silver Lake | |
|
Price per Share
$xx.xx
Shares Outstanding
12,883
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
Altimeter Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Ribbit Capital, Silver Lake
|
||||||
| 04/05/2021 | Series D-2 | $50MM | $xx.xx | $13.4B | Altimeter Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Ribbit Capital, Silver Lake | |
|
Price per Share
$xx.xx
Shares Outstanding
85,889
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
Altimeter Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Ribbit Capital, Silver Lake
|
||||||
| 12/11/2018 | Series C | $256MM | $xx.xx | $2.71B | Andreessen Horowitz, Goldman Sachs Investment Partners, Index Ventures, Kleiner Perkins, New Enterprise Associates, Norwest Venture Partners, Spark Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
1,978,918
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
Andreessen Horowitz, Goldman Sachs Investment Partners, Index Ventures, Kleiner Perkins, New Enterprise Associates, Norwest Venture Partners, Spark Capital
|
||||||
| 06/20/2016 | Series B-1 | $2.12MM | $xx.xx | $225.7MM | American Express Ventures, Citi Ventures, Goldman Sachs Investment Partners, New Enterprise Associates | |
|
Price per Share
$xx.xx
Shares Outstanding
159,608
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
American Express Ventures, Citi Ventures, Goldman Sachs Investment Partners, New Enterprise Associates
|
||||||
| 06/20/2016 | Series B | $42.01MM | $xx.xx | $282.13MM | American Express Ventures, Citi Ventures, Goldman Sachs Investment Partners, New Enterprise Associates | |
|
Price per Share
$xx.xx
Shares Outstanding
3,168,959
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
American Express Ventures, Citi Ventures, Goldman Sachs Investment Partners, New Enterprise Associates
|
||||||
| 01/23/2015 | Series A-1 | $11.84MM | $xx.xx | $50.44MM | New Enterprise Associates, Spark Capital | |
|
Price per Share
$xx.xx
Shares Outstanding
3,040,882
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
New Enterprise Associates, Spark Capital
|
||||||
| 07/31/2013 | Series A | $2.86MM | $xx.xx | $14.3MM | Amit Avner, Benjamin Cirlin, Box Group, David Tisch, Felicis Ventures, Google Ventures, Homebrew Capital, Nat Turner, New Enterprise Associates, Spark Capital, Zachary Weinberg | |
|
Price per Share
$xx.xx
Shares Outstanding
2,142,557
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
Amit Avner, Benjamin Cirlin, Box Group, David Tisch, Felicis Ventures, Google Ventures, Homebrew Capital, Nat Turner, New Enterprise Associates, Spark Capital, Zachary Weinberg
|
||||||
| 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 |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $22.43 | +0.4% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Liquid Death | $9.00 | -6.25% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Chime | $31.50 | +0.8% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
Updated on: May 6, 2025
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