November Private Market UpdateThe private market one year past the peak - down, not out
November Private Market Update
Rivian was founded in 2009 by Robert "RJ" Scaringe. The company has not officially endorsed a plan to participate in an IPO.
Rivian, often touted as a competitor of Tesla, is an electric vehicle developer and manufacturer. The two products currently in development – an SUV and a pickup truck – are planned to have semi-autonomous capabilities and are designed for off-road use in addition to normal usage. The company has raised approximately $5.8 billion in Venture Capital funding from investors including BlackRock, T. Rowe Price, Soros, Fidelity, Baron Capital Group, Cox Automotive, Ford, and Amazon.com. Per company press releases, Rivian last raised $2.5 billion in July 2020 at an undisclosed post-money valuation.
RIVN
$29.53 as of 11/25/22
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 1/19/2021 | Series F | $2.65B raised | $XXX.XX | $XXX.XX |
| 7/10/2020 | Series E | $2.5B raised | $XXX.XX | $XXX.XX |
| 12/23/2019 | Series D | $1.3B raised | $XXX.XX | $XXX.XX |
| 9/10/2019 | Series C | $383.84MM raised | $XXX.XX | $XXX.XX |
| 4/24/2019 | Series B | $500MM raised | $XXX.XX | $XXX.XX |
| 2/17/2019 | Series A | $600MM raised | $XXX.XX | $XXX.XX |
