| Funding Date | Share Class | Amount Raised | Price Per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 10/07/2025 | Series D | $1000MM | $103.66 | $9B | Intercontinental Exchange | |
|
Price Per Share
$103.66
Shares Outstanding
9,647,360
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Intercontinental Exchange
|
||||||
| 08/26/2025 | Series C | $96.12MM | $17.89 | $1.2B | 1789 Capital | |
|
Price Per Share
$17.89
Shares Outstanding
5,372,639
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1789 Capital
|
||||||
| 08/26/2025 | Series C-1 | $53.88MM | $17.89 | $1.2B | 1789 Capital | |
|
Price Per Share
$17.89
Shares Outstanding
3,011,934
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1789 Capital
|
||||||
| 02/11/2025 | Series B | $55MM | $8.45 | $350MM | 1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin | |
|
Price Per Share
$8.45
Shares Outstanding
6,507,559
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin
|
||||||
| 02/11/2025 | Series B-2 | $3MM | $8.45 | $350MM | 1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin | |
|
Price Per Share
$8.45
Shares Outstanding
354,958
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin
|
||||||
| 02/11/2025 | Series B-1 | $12.43MM | $4.10 | $350MM | 1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin | |
|
Price Per Share
$4.10
Shares Outstanding
3,032,119
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin
|
||||||
| 02/11/2025 | Series B-3 | $20.75MM | $5.98 | $350MM | 1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin | |
|
Price Per Share
$5.98
Shares Outstanding
3,472,256
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Founders Fund, Kevin Hartz, Parafi Capital, Vitalik Buterin
|
||||||
| 05/14/2024 | Series A | $22.69MM | $6.47 | $155.59MM | General Catalyst, Joe Gebbia, Polychain Capital | |
|
Price Per Share
$6.47
Shares Outstanding
3,507,945
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Joe Gebbia, Polychain Capital
|
||||||
| 05/14/2024 | Series A-10 | $959,096.46 | $4.71 | $155.59MM | General Catalyst, Joe Gebbia, Polychain Capital | |
|
Price Per Share
$4.71
Shares Outstanding
203,442
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Joe Gebbia, Polychain Capital
|
||||||
| 05/14/2024 | Series A-9 | $456,714.44 | $3.54 | $155.59MM | General Catalyst, Joe Gebbia, Polychain Capital | |
|
Price Per Share
$3.54
Shares Outstanding
129,170
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Joe Gebbia, Polychain Capital
|
||||||
| 05/14/2024 | Series A-8 | $890,593.68 | $1.33 | $155.59MM | General Catalyst, Joe Gebbia, Polychain Capital | |
|
Price Per Share
$1.33
Shares Outstanding
669,019
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Catalyst, Joe Gebbia, Polychain Capital
|
||||||
| 10/19/2020 | Series A-7 | $299,999.92 | $1.27 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$1.27
Shares Outstanding
235,800
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| 10/19/2020 | Series A-6 | $499,999.64 | $0.98 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$0.98
Shares Outstanding
511,447
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| 10/19/2020 | Series A-5 | $92,997.54 | $0.88 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$0.88
Shares Outstanding
105,208
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| 10/19/2020 | Series A-4 | $49,999.64 | $0.74 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$0.74
Shares Outstanding
67,394
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| 10/19/2020 | Series A-3 | $2.22MM | $0.71 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$0.71
Shares Outstanding
3,146,386
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| 10/19/2020 | Series A-2 | $249,999.53 | $0.68 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$0.68
Shares Outstanding
366,047
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| 10/19/2020 | Series A-1 | $199,999.92 | $0.29 | $18.58MM | 1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra | |
|
Price Per Share
$0.29
Shares Outstanding
678,779
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1confirmation, Balaji Srinivasan, Calvin Liu, Josh Hannah, Kain Warwick, Kal Vepuri, Marc Bhargava, Meltem Demirors, Naval Ravikant, Parafi Capital, Polychain Capital, Robert Leshner, Samir Vasavada, Stani Kulechov, Tarun Chitra
|
||||||
| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched Price | Share Class | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
| Alchemy | -- | $xx.xx | Series D | $10.2B | $515.65 | $200MM | ||
| Chainalysis | $7.25 -$1.07 (12.86%) | $xx.xx | Series F | $8.54B | $40.02 | $150MM | ||
| Espresso Systems | -- | $xx.xx | -- | -- | -- | -- | ||
| Fireblocks | -- | $xx.xx | -- | -- | -- | -- | ||
| Monad | -- | $xx.xx | Series A | $2.87B | $254.48 | $225MM | ||
| QuickNode | -- | $xx.xx | Series B-1 | $799.8MM | $24.08 | $60MM | ||
| Sahara AI | -- | $xx.xx | -- | -- | -- | -- | ||
| Succinct | -- | $xx.xx | Series A | $289.11MM | $30.68 | $44MM | ||
| TaxBit | -- | $xx.xx | Series B | $1.44B | $69.24 | $131.23MM | ||
| Yellow Card | -- | $xx.xx | Series C | $244.31MM | $13.21 | $33.22MM | ||
Updated on: Nov 14, 2025
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